Analyst, Finance Operations - Johannesburg, South Africa - Standard Chartered

Standard Chartered

Verified Company

Johannesburg, South Africa

1 week ago

Posted by:

Thabo Mthembu

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Description

Job:
Finance

Primary Location:
Africa & Middle East-South Africa-Johannesburg

Schedule:
Full-time

Employee Status:
Permanent

Posting Date: 13/Mar/2023, 3:46:54 AM

Unposting Date: 27/Mar/2023, 5:59:00 PM

The Role Responsibilities:

Supervise and oversee payments process ensuring that laid down authorization procedures are followed, expenditure is allocated to correct cost centres, expense and other asset accounts.
Supervise and approve general ledger transaction processing in PSGL for all supplier payments, ensuring compliance with Accounting Policies and standards.
Ensure that assets are processed correctly in general ledger in accordance with internal Accounting Policies.
Review fixed asset register and ensure that the Fixed Asset Register and Ledger balance.
Controlling and ownership of Suspense and Sundry accounts in accordance with Financial Control Policy.
Ensuring that all payments are made in line with Group Business Expenditure Policy.
Ensuring on time on line submission of taxes to the regulators.
Oversight of unit risk management framework.
Exercise control and ownership of straight to bank and eOPs for the finance unit.
To support the Regional Tax Manager in minimising the impact of taxation in South Africa at an operational and transaction level, and the strengthening of internal controls.
Ensure effective training and supervision of Learners within APU space.

Accounts Payable Processing:

Provide guidance, advice and assistance in the formulation and issue of instructions to business units and cost centre managers on issues relating to the paying of Suppliers, expense claims etc.
Supervise and monitor suppliers' payments to ensure that all invoices received in Finance are settled timorously under correct authorization levels.
Supervise the overall payments process, including preparation and submission of the resulting accounting entries, on all suppliers' invoices.
Monitor and give guidance to staff regarding correct allocation of expenditure, authorization limits and efficient processing of suppliers' transactions.
Supervise record keeping of the above and ensure that all audit trail reports generated in PSGL, vouchers and invoices are properly filed and readily available for audit.
Review and ensure correct processing of the foreign exchange payments, cash travel advances and petty cash reimbursements ensuring that no are outstanding for unduly long periods.

Payments:

Ensure effective management of Accounts Payable mailbox.
Ensure that payments are sent to hub timely for payment.
Loading of all new staff vendors banking details and keeping them up to date.
Ensure that FX is effectively and accurately procured from dealers.
Guide users on the payment process and resolve adhoc queries.
Ensure that Group Business Expenditure Standard Policy are fully complied with.

Processing:

Sorting post and passing to relevant departments for processing.
Preparation of PO's and journals.
Requesting of Funding as and when required.
Assisting and resolving adhoc queries from management.
Ensure that Financial Control Policy is fully complied with.

Reconciliations:

Prepare Journals to clear intersystem reconciling items.
Staff Corporate Card amounts utilized are accounted for and the individual CC recons prepared monthly.
Ensure reconciliation of the Finance Sundry and Suspense accounts and submitted to the Finance Operations Manager for review monthly.
Ensure that Intersystem and Nedbank recons are performed and submitted to Finance Operations Manager on daily basis.
Ensure that open items on Reconciliations are investigated; resolved and no open items are kept open beyond their life span.
Ensure FCS accounts are submitted timely.

FNB and Petty cash:

Maintain and distribute FNB and petty cash
Ensure safe custody of petty cash and FNB
Perform FNB and petty cash recons
Replenish FNB and petty cash

Corporate card:

Ensure that changes and deletions are executed promptly.
Ensure to tract arrears report and ensure appropriate escalations.

Nostro Clearing:

Effectively investigate open items allocated to Finance.
Ensure that FX conversion are effectively and accurately procured from dealers.

Fixed Assets / Projects:

Review Fixed Assets register and ensure that the Fixed Asset register and the Ledger balance monthly.
Ensure WIP is accounted for as prescribed in the FCP enforcing on time capitalization of assets.
Oversee the annual asset verification process and maintain relevant records.

Direct and Indirect Taxes:

Preparation of workings for South Africa's quarterly IFRS tax reports for the purposes of the financial pack.
Prepare forecasts of the tax liabilities in line with the ETR management programme,
Prepare tax risk report to the Group Taxation.
Country by Country Tax Reporting (ZC9 and ZC10) for bank branch.
Capturi