Financial Officer

Client Direct Transact
Published 09/01/2017
Contract Type Permanent
Salary Market Related
Location Pretoria, Gauteng, South Africa
Direct Transact (Pty) Ltd is a South African based software company focusing on electronic transaction processing, back office administration and retail banking solutions. Direct Transact (Pty) Ltd is constantly exploring new ways to expand
and innovate their offering to clients, to remain market leaders in the banking and financial industry. The company invites applications for the following position, based at their offices in Glenwood, Pretoria
Job Functions Banking,Finance,Information Technology,Software Development
Industries Banking / Finance & Investment,Financial Services,Information Technology,Software Development
Primary purpose of the position:

Daily Balancing and Reconciliation of all transactions processed via the various Direct
Transact Systems as a Financial Administrative service to Direct Transact as well as Direct
Transact Clients. Balancing and reconciliation items to be reflected with 100% accuracy in terms of all transactions processed. Ensure immediate corrective actions in terms of
reconciliation / balancing items.

Overview of the position:

1. Daily balancing and reconciliation of all transactions processed via the various Direct Transact systems to actual Reserve Bank settlement totals as reflected via the SARB settlement system;

2. Daily balancing and reconciliations of all general ledgers as opened per client and / or bank, as well as per various preferred financial accounting systems e.g. Pastel, FlexCube, JD Edwards;

3. Daily balancing of the various payment streams to actual SARB Settlement:

 Saswitch - Inter Bank ATM;
 Debit Switch- Inter Bank Point of Sale;
 Electronic Funds Transfers;
 VISA National – Point of Sale and ATM;
 VISA International – Point of Sale and ATM;
 MasterCard– Point of Sale and ATM;
 MasterCard International – Point of Sale and ATM;
 Cheque Issuing;
 SQS (Saswitch & POS Queries);
 Real Time Clearing;
 Easy Pay.

4. Daily allocations of actual SARB settlement amounts to the general ledger accounts of
the various clients and /or banks via settlement clearing journal entries;

5. Daily allocations of the various income and expenditure amounts as a result of
transactions switched between banks to the various income statement accounts per client and / or bank;

6. Daily balancing and reconciliations of ATM transactions and cash flow and / or
dispensed by the terminals acquired by the various banks to actual transactions
reflected via the Direct Transact systems;

7. Resolution of interbank related queries as well as support and assistance to external
Job Closing Date 30/04/2017
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