Durban University of Technology Accounting / Finance Jobs in Durban
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Purpose of the Job
To manage the institution’s treasury operations, including cash flow forecasting, foreign payments, bank liaison, and compliance with financial regulations, while supporting financial reporting and audit readiness.
Key Responsibilities
- Perform accurate and timely monthly bank reconciliations and ensure the clearing of accounts
- Ensure the accuracy and completeness of bank statements and related entries
- Prepare daily, weekly, monthly, and quarterly cash flow forecasts
- Process and verify foreign payment requests in line with regulatory and institutional requirements
- Liaise with Standard Bank and SARB to ensure compliance on foreign transactions
- Maintain foreign exchange and hedge accounting registers and records
- Assist the Treasury Manager in tracking investment performance
- Maintain and reconcile investment registers and income schedules
- Prepare treasury-related schedules for reporting, budgeting, and audits
- Maintain relationships with bank account managers and other financial partners
- Ensure compliance with treasury policies and procedures
- Identify and report treasury risks and control weaknesses, and implement corrective actions
- Provide advisory and operational support to internal departments and finance teams
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Minimum Requirements
- B Degree in Finance, Commerce, or an equivalent qualification (NQF Level 7)
- Ideal: Honours Degree (NQF Level 8)
- Experience: 3–5 years’ experience in bank reconciliations, foreign payments, cash flow reporting, and audit preparation
Ideal Registration
- Registration with a recognized and reputable accounting body (e.g., SAIPA) will be an advantage.
Key Competencies
- Sound knowledge of IFRS and relevant financial legislation and regulations
- Understanding of South African Reserve Bank (SARB) requirements
- Proficiency in SAP S/4HANA or similar financial systems
- Advanced proficiency in MS Excel and the MS Office Suite
- Experience in foreign exchange and hedge accounting
- Strong analytical and reconciliation skills
- Familiarity with investment tracking and reporting
- Knowledge of treasury systems and cash management tools
- Understanding of the Higher Education and external reporting environments
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