The role is responsible for monitoring Cash, POS, transfers and other inflows from stations and customers to ensure that payments received in the bank agree with total sales value.
Also responsible for posting / uploading bank transactions to GL as well as performing regular cash and bank accounts reconciliation on a daily, weekly and monthly basis.
Principal Duties and Responsibilities
Monitor cash vs sales daily reconciliation of Cash, POS control and other payment control accounts to ensure alignment of sales to inflows received in the bank statement.
These inflows can either be from stations via cash deposits, POS settlement and transfers or from customers via transfers or other payment methods.
Daily and weekly upload and posting of customer payments, lodgments, and bank inflows from the bank statements for main accounts, sub accounts and other business accounts to appropriate accounts on E-core GL.
Monitor to ensure the timely settlement of POS transactions into our bank accounts and also resolve POS issues.
Follow up with stations to respond promptly to POS chargeback claims within 24 hours.
Conduct Spot checks for physical cash counts to validate reports generated from retail outlets.
Collate daily balances of all company’s bank accounts.
Perform other assigned duties as delegated by the Treasury Controller.
Enforce zero tolerance to misrepresentation or omissions on all cash control reconciliations statements.
Escalate abnormal transactions and document communication with pertinent stakeholders on resolution.
Monitor Non-Fuel Revenue against proceeds received in the bank.
Key Performance Indicators
Weekly submission of Sales Vs Cash Recon to Treasury Controller
Daily and Weekly Posting of all bank transactions on E-core.
Monthly submission of Bank Reconciliation and POS Reconciliation for all assigned accounts to Treasury Controller.
Timely submission of all assigned reports
Good interpersonal skills in liaising with the banks and other stakeholders
Ensure accuracy of transactions posted.
Quality of work must reflect high degree professionalism.
Minimum of a Bachelor’s Degree in Accounting, Banking, Finance or related field.
Professional accounting qualification. ACA / ACCA preferable.
Knowledge Requirements :
Knowledgeable in core accounting and reconciliation principles.
Knowledgeable in IFRS
Very proficient in MS-Excel.