Specialist, Variable Processing needed at Standard Bank Group

Job Description

• To manage the payment requests process and conduct required spot checks and other due diligence to effectively process and release manual and / or automated payment requests and deal with complex queries where needed.

Qualifications

• A Degree in Finance and Accounting or Office Administration.
• Proficiency in Microsoft Office (MS Word, Excel, Outlook and PowerPoint) Procurement diploma/certification (Coupa) .

Experience Required:

• Client Centricity and delivery                                                                                                           
• Query resolution                                                                                                                               
• Reconciliations                                                                                                                                   
• Controls and Risks associated with payments processing                                                            
• Compliance and AML principles                                                                                                       
• Operational Management 
• Experience Description: Extensive knowledge/experience in Accounting principles and concepts   Market best practice.
• Additional Information

Key Responsibilities:

• Control the scrutiny, capture and validation of all incoming invoices onto the system.  
• Analyse account transactions to ensure that allocations and payments are checked for correctness and accuracy. 
• Review and ensure that the correct VAT is applied per transaction category in line with  group policy 
• Authorising  payments  requires  attention  to  detail  in  identifying  anomalies  and  inconsistencies even though monthly amounts are not standard.  Example:   Electricity consumption for an ATM is typically  in the R300 ballpark if an invoice is posted for R13,000-00 the variable payments team needs to recognise and identify this anomaly, or anomalies of this nature, and escalate these queries for further investigation.  
• Complexity levels increase given the high volumes and values of this portfolio. 

Behavioural Competencies:

• Adopting Practical Approaches
• Articulating Information
• Checking Things
• Developing Expertise
• Documenting Facts
• Examining Information
• Following Procedures
• Interacting with People
• Meeting Timescales
• Producing Output
• Taking Action
• Team Working

Technical Competencies:

• Client Servicing
• Exception Handling
• International Market Knowledge

IT Systems

• Local Market Knowledge
• Query Resolution
• Root Cause Analysis