Banking Reconsiliations and Settlements Officer is required for a well-known Financial Services Company.

Minimum Requirements:

  • Knowledge of Pastel;
  • Knowledge of Excel;
  • Minimum of 5 years banking industry experience;
  • Experience in general balancing and reconciliation functions;
  • Experience in bank and bank settlement reconciliations;
  • Ability to perform duties under tight deadlines;
  • Consistent in enforcing and executing processes and procedures.
  • Daily Balancing and Reconciliation of all transactions processed via the various Systems as a Financial Administrative service.
  • 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.


  • Matric or equivalent qualification recognised by the Department of Higher Education & Training;
    Tertiary education:
  • Diploma or degree would be an advantage.

Responsibilities Overview:

  • Daily balancing and reconciliation of all transactions processed via the various systems to the actual Bank’s settlement totals as reflected via the settlement system;
  • 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;
  • 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;
  • NAEDO;
  • 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;

Desired Skills:

  • Banking
  • Bank Settlements
  • General Balancing
  • Bank Reconciliation
  • Pastel
  • Sage
  • Card Payments
  • Switch

Desired Work Experience:

  • 5 to 10 years

About The Employer:

Financial / Banking Services

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