Cash and Banking Administrator

The Cash and Banking Administrator ensures the accuracy, integrity, and efficiency of the group’s cashflows and foreign exchange management. This role involves managing the accounts payable function, minimising exposure to foreign exchange fees, maintaining payment reconciliations, and optimising working capital efficiency.

Please note:

• Minimum of a Bachelor’s degree in Finance, Accounting, or a directly related field.
• Diplomas or certificates without a degree will not be considered.

Workplace:

• Hybrid, 2–3 days a week.
• On-site interviews will take place at our Cape Town office.
• Only candidates currently based in Cape Town will be considered.

Hours:

• Working hours: 09:00–18:00 UK time.
• SAST: 10:00–19:00 (late March to late October), 11:00–20:00 (late October to late March)

Responsibilities:

Invoice Processing & Management

• Verify and approve invoices for accuracy, compliance, and required approvals.
• Ensure timely and accurate entry of invoices into accounting systems.

Payment Processing

• Manage and execute payments to ensure completion within agreed terms.
• Oversee multiple payment methods across different currencies, minimising FX transaction fees.

Cash Flow & Forecasting

• Monitor and manage working capital and coordinate payment schedules.
• Assist in preparing accurate and timely cash flow forecasts.
• Manage currency holdings to optimise financial efficiency.

Month-End Close Support

• Ensure accurate and complete financial records during month-end close.
• Maintain accounts payable reports, including aging reports, for management review.

Process Improvement

• Identify and implement process automation to enhance efficiency in accounts payable and cashflow management.
• Develop and maintain financial controls to ensure accuracy and consistency.

Risk Management

• Implement controls to detect and prevent fraud within payment processes.
• Regularly assess financial risks and recommend mitigation strategies.

Collaboration & Problem Resolution

• Work closely with finance and operations teams to ensure accurate reporting and smooth workflows.
• Address and resolve escalated accounts payable issues.
• Provide financial support and insights to internal stakeholders.

Requirements

• Proven experience in a finance role, typically 3+ years.
• Degree in Finance; a professional qualification is preferred.
• Experience with invoice processing, payment runs, and bank reconciliations.
• Strong understanding of accounting principles and standards (e.g., IFRS or GAAP).
• Experience supporting month-end close processes and preparing financial reports.
• Background in working with financial controls and compliance frameworks.
• Proficiency in accounting software (e.g., Xero, QuickBooks, Sage).
• Strong Excel skills, including VLOOKUPs, pivot tables, and reconciliations.
• Ability to identify and implement process improvements, particularly in automation.
• Understanding of cash flow management and working capital principles.
• Exposure to multi-currency environments and international payment processes.
• Knowledge of compliance and regulatory frameworks relevant to accounts payable.

Benefits

• 23 days paid holiday days (plus public holidays)
• An extra day off for your birthday - because who wants to work on their birthday?
• Hybrid working model
• Opportunities to innovate
• Better Help coverage for mental health support
• Laptop - for business use
• Salary: R15,000- R20,000 per month (dependent on experience)