Duties and Responsibilities
Settlements
Timeously settling merchants’ and clients’ transactions through overseeing the following processes:
Merchant settlement account reconciliations – Ensuring completeness of daily settlements of merchants’ accounts by the settlement engine.
Ensuring interbank queries are processed within 48 hours according to RBZ guidelines.
Monthly recovery of applicable commissions.
Attending to and resolving clients’ escalated queries.
System implementation efficiency testing.
Timely performance of card-related investigations.
Agency banking and backup of incomplete transactions.
Multi-Pay Oversight
Ensuring that Multi-Pay performs in accordance with its contract with CABS, encompassing:
-Provision of weekly progress updates to CABS with respect to reconciliations, and meetings with Multi-Pay management to discuss any interventions required with respect to these.
-Agreed monthly reporting.
-Provision of investigation tools (report and system access).
-Standardisation of files sent for processing in Finance.
-Initial crediting of some schemes when the system fails to automatically credit.
-Recovery of and settlement of Ecocash related transactions
-Cards and mobile banking related investigations.
-Attendance and participation at the monthly Multi-Pay SLA meeting.
Regulatory Reporting
-Preparing, reviewing, and submitting regulatory reports/returns in compliance with regulations issued by the Reserve Bank of Zimbabwe and the Deposit Protection Corporation, as per the required reporting frequencies (daily-annually)
Business Analysis
Exercising oversight on systems implementations, performance, integrations, reports and clear communication between Finance and ICT to ensure that the following are attained:
-Conduction of and managing user acceptance testing.
-Tracking project costs and managing the general ledger.
-Specification of required reports by Finance.
-Extraction of reports from T24 and GP relative to requirements.
-Ensuring systems integrate accurately and at the right times.
-Ensuring projects governance is met.
Analyzing and providing information for internal decision-making purposes on the following, but not limited to:
-Branch profitability analysis.
-Channel profitability analysis.
-Product performance analysis.
-Revenue assurance.
-Projects monitoring.
-Product trend analysis.
-System set-up (financial) validations.
Representing the CABS Finance department on the Group Projects Steering Committee.
Review of key outsourcing contracts
-Reviewing key outsourcing contracts for the Society to ensure that they are financially viable.
People Management
-Providing leadership, mentorship and direction to the Finance team.
-Improving communication skills and capability of team members.
-Ensuring Finance Division works with other departments to deliver timely and informative reports.
-Managing the Old Mutual TOPP programme within CABS within the parameters of the group program.
Compliance
-Complying with all local legislative requirements.
-Adhering to company policies and procedures and the corporate Code of Conduct.
-Staying up to date with legislative requirements through membership of industry organisations.
-Ensuring personal adherence to workplace health and safety requirements and either addressing or bringing to management’s attention when others are in breach of these requirements.
-Acting in an ethical way with company assets and others.
Additional Responsibilities
-Fulfilling any other tasks as may be delegated by the CFO from time to time.
-Acting for the CFO in his/her absence.
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