Financial Analyst: Banking Services

Overview

Financial analyst needed at National Treasury in Pretoria to authorise local and foreign payments on the Safety Web banking system and assist with grant payments.

Requirements

• A Grade 12 is required coupled with a minimum National Diploma (equivalent to NQF level 6) in Accounting.
• A Bachelor’s Degree (equivalent to NQF level 7) in any of the above disciplines will be an added advantage.
• A minimum 2 years’ experience obtained in a financial management environment; and basic knowledge of Accounting.

Duties

• Initiate Payments: Initiate the authorisation of local and foreign payments on Safety Web banking System as per SWIFT Requirements, Process cancellation of payments on the system.
• Assist with grant payments to municipal primary account as prescribed in the Division of Revenue Act (DORA).
• Verify payments to municipalities excluded from the DORA schedule as set out per the agreed rules and regulations.
• Process any cancellation of foreign payments.
• Confirm local and foreign payments settled with SARB and Commercial Banks and verify against SWIFT messages and SARB report.
• Process cancellation of payments on the system.
• Assist with grant payments to municipal primary account as prescribed in the Division of Revenue Act (DORA).
• Verify payments to municipalities excluded from the DORA schedule as set out per the agreed rules and regulations.
• Process any cancellation of foreign payments.
• Confirm local and foreign payments settled with SARB and Commercial Banks and verify against SWIFT messages and SARB report.
• Verification of Banking Details: Upload and submit verification of Bank Details (AVS) to respective banks received from Central Supplier Database (CSD) system, SASSA grants, Assets and Liability Management, Pension and other Departments.
• Extract data files from banks and transfer to Central Supplier Database (CSD) system, SASSA grants, Assets and Liability Management, Pension and other Departments.
• Reconcile daily number of AVS requests received from PMG account holders against data stakeholder banks.
• End-of- Business Process Clearence: Verify unmatched EBT Bank detail reports.
• Process deposits statements emanating from banking systems.
• Reconcile end-of-business processes suspense accounts and submit bank statements and monthly revenue reports to National Revenue Fund and financial systems.
• Order deposit books on request of a department.
• Admin support: Prepare documents for processing bank charges.
• Follow up on outstanding departmental bank reconciliations.
• Obtain banking details of public entities and departments in terms of Section 7(2) of PFMA and Treasury regulations.
• Distribute documents and departmental queries per cluster.
• System maintenance, upgrade & enhancement testing: Assist with the testing of new releases of the Safety Web Banking system and updating manuals.
• Assist with departmental training and preparation of procedure manuals.

How to apply

To apply visit: https://erecruitment.treasury.gov.za/eRecruitment

Enquiries: enquiries only (No applications): Recruitment.Enquries@treasury.gov.za

Notes

Effective from 7 April 2021, the National Treasury now utilises an e-Recruitment System which means all applicants must login/register to apply for positions, we only accept hand delivered/posted applications should an applicant prove that he/she tried to apply via e-Recruitment with no success and the National Treasury ICT unit was unable to assist. The applicant’s profile on the e- Recruitment is equivalent to the newly approved Z83, and it is the responsibility of applicants to ensure their profiles are fully completed or their applications will not be considered, as per the DPSA Practice Note. Certain documentation will still be required to be uploaded on the system such as copies of all qualifications including National Senior Certificate/Matric certificate, ID, etc., however these documents need not be certified at point of application, however certification will be required prior to attending the interview. Please note: All shortlisted candidates, including the SMS, shall undertake two pre-entry assessments. One will be a practical exercise to determine a candidate’s suitability based on the post’s technical and generic requirements and the other must be an integrity (ethical conduct) assessment. It should be noted that the National Treasury does not support the use of Artificial Intelligence (AI) in any of its recruitment and selection processes and will disqualify an application if it picks up the use of AI when completing assessments without acknowledging the source of information. Successful completion of the Nyukela Public Service SMS Pre-entry Programme as endorsed by the National School of Government, available as an online course on https://www.thensg.gov.za/training-course/sms-pre-entry-programme/, prior to finalisation of appointment, is a requirement for all SMS positions. All shortlisted candidates for SMS posts will be subjected to technical exercise and interview. Following the technical exercise and interview, a maximum of three (3) SMS candidates will undergo psychometric assessments to assess cognitive capabilities, behavioural preferences, emotional intelligence, and integrity. All qualifications, criminal and SA citizenship checks will be conducted on all short-listed candidates and, where applicable, additional checks will be conducted in line with the new DPSA Directive effective 01 April 2024. Please note that by responding to our advertisement/s, you consent to the collection, processing, and storing of your Personal Information for internal HR processes in accordance with the Protection of Personal Information Act (POPIA), Act No. 4 of 2013. In the event that your application is unsuccessful, the Department will retain your personal information only for audit purposes as required by policies, only for a specific period, of which the submitted documents will then be destroyed as legislated in the National Archives Act. It is the applicant’s responsibility to have all their foreign qualifications (this includes O and A level certificates) evaluated by the South African Qualifications Authority (SAQA), at your own expense. Upon appointment, successful candidates will be required to disclose particulars of all registrable financial interests and to sign a Performance Agreement within 3 months from date of appointment and for candidates whose appointment exceeds 12 calendar months will be appointed on probation for the period of twelve (12) calendar months excluding leave taken as prescribed by Public Service Regulation 68. The status of your application will be visible on the e-Recruitment system. However, if you have not received feedback from the National Treasury within 3 months of the closing date, please regard your application as unsuccessful. Note: The National Treasury reserves the right not to fill the below-mentioned posts, withdraw or to put on hold a position and/or to re-advertise a post. All queries must be submitted via email addressed to the Human Resources Recruitment Support Team on Recruitment.Enquiries@treasury.gov.za. Kindly note that all National Treasury adverts published/LIVE on the eRecruitment System have a closing date listed and closing time of 12h00 (Midday) on that closing date. The system is designed to automatically remove the advert from public view at exactly 12h00 (MIDDAY) of the said closing date for that post. There are no other means to submit applications post the closing date and time, if you have missed or delayed in submitting on time. MANAGEMENT ECHELON