A well-established mining company is looking for a candidate to effectively discharge obligation towards bank accounts operations of a traditional nature (daily payments, receipts) and non-traditional (opening, closing). To provide support for similar areas like forex derivative instruments, guarantees, LC’s, facility arrangements etc.

Detail

Company: Well Established Mining Company
Location: Midrand
Date Posted: 13 July 2018
Industry: Midrand
Nationality: South African
Salary: R15K - R17K TCTC (Per Month)
Qualifications: Bachelor’s Degree in Accounting
Assignment: Permanent

Job Description

Preparing of daily lists of payments for authorization of their release, based on the directors’ approved invoices.
Acknowledge any forms, supporting documents etc. that may be required for the Banks to process the payments, particularly forex denominated ones.
Uploading of payments to release making of no mistakes - company has a zero tolerance on making unnecessary mistakes in this area of conduct.
Sharing proof of payments with the payment requisitioners and uploading the documents on the filing software.
To inform bank receipts information to the commercial teams of respective verticals which proposed the invoicing and the accounts team to document bank receipts on a timely basis
Performing responsibilities required to open and close bank accounts.
To acknowledge documents necessary for Federal Insurance Contributions Act updates that banks frequently pursue, in conjunction with the compliance team.
To coordinate with management and banks for conclusion and to retrieve sign-offs on the Facilities Arrangements.
To coordinate with banks to achieve SARB confirmation for any overseas loans.
Liaising externally and internally with regards to the accounts and compliance teams to provide management accounts or any other documents per facility arrangements.
Monitoring of bank account chargers monthly by analyzing its composition and to ensure obedience with the bank’s fee system.
Maintaining a inventory of open Letters of Credit and Guarantees.
Performing mandatory tasks for the opening, confirmation and discounting of (LCS) in discussing with the Directors, and performing function associated with issuance and cancellation of guarantees.
Tracking of the LCS and perform required function to procure LC capital on due date.
Trake open guarantees and similar cash collaterals on a monthly basis.
Preparing and maintaining a inventory of all open derivative contracts such as FEC’s. Structured products and providing of confirmation for booked deals.
Executing of irrelevant administration and obtain senior management sign-off to this regard.
Investigate the gain/loss on maturity and report.
Standard reporting: Weekly, Monthly and Annual reports

Minimum Requirements

Bachelor Degree in Accounting
Minimum 3 years working experience in similar role with treasury operations understanding and experience.