Bidvest Bank : Card Accountant 2017

The full month end process for Card division, preparing journals and ensuring Gl’s are accurate and complete. Ensuring files are integrated into system correctly. Close interaction with business unit and IT. Ensuring all mapping and transaction flows for products are accurate and complete. Month end management accounts queries and accruals to be raised.

• Daily
• Ensure daily adhoc queries and request from Card product team, from 3rd party providers and from FM are resolved accurately and timeously- Ensure that daily checks are done on file integration, work closely with IT to implement controls around this- Ensure any missing files or data are adequately followed up with IT and relevant 3rd party processor and resolved timeously.
• Ensure Journals are processes accurately and completely
• Ensure month end management accounts are understood and explainable for the products
• Ensure Accruals are raised accurately
• Ensure all external files are received and any missing files resolved before month end
• Meet month end reporting deadlines

Address queries on P&L from management within required deadline and as much detail as required

Product Mapping

• Understand Transactions flows for new products- end to end
• Prepare transaction flows that show all transactions types and GL entries
• Ensure mapping tool is accurately and completely completed for transactions
• Ensure mapping documents and process flow documents are in place for all products and they are correct
• Work closely with IT to ensure integration of files are accurate and complete
• Must understand systems and how financial transactions flow through systems
• Mapping for all new products and ascertain if mapping for old products are still valid and accurate
• Work closely with the recon team to explain and understand the impact of the transaction flows

Ensure all transactions types are catered for and full understanding of product workings

Reconciliation

• Ensure that Accrual recons are prepared and accurately reconciled based on P&L- invoices are cleared timely

MasterCard Billing recon ensure it is accurate and agrees to Income statement weekly and proper investigation and follow up on variances

Profit and Loss reporting

• Understand how to prepare and analyse a profit and loss statement for card products
• Ensure understanding on how card products work and P&L in line with agreement which will entail a close relationship with the card division

Ensure P&L are prepared accurately and completely within required deadlines

Process management

• Raise and discuss any issues regarding system/ process weaknesses identified
• Identify controls to be implemented

Feedback to relevant department / staff to ensure problems are resolved

General

• Assist with preparation of audit reporting requirements
• Liaise with and assist internal and external auditors where required

Assist the Card ops/finance team and reconciliation team when required

• Personal development
• Take ownership for driving own career development- Achievement of objectives set out in personal development plan

Requirements:

• Must pay keen attention to detail, numeric accuracy and strong accounting background
• Must have good understanding of accounting flows and product mapping
• Assertive individual who will be able to implement new controls and procedures as required
• Ability to work well and maintain focus under pressure
• Honesty, trustworthiness and high ethics are non-negotiable
• Excellent communication skills and must be able to interact with staff at all levels (up to Senior Executive level)
• Must be well organised
• Self-starter, motivated and energetic individual
• Have a great attitude, take ownership for tasks and see them through to completion
• Microsoft excel (advanced)
• Ability to work with different data sources and systems
• Previous experience in a similar role in a Bank (2-3 full year), card issuing experience essential, card Acquiring will be advantageous
• Product financial mapping experience
• Banking experience essential
• Must be able to understand and map complex transactions
• Understanding of settlement process and Nostros will be advantageous
• Qualification: B Comm or Equivalent

Desired Qualification Accreditation