Financial Officer

Our primary task

Direct Transact enables banking and payment services. We do this by leveraging our domain knowledge to create customer solutions that are sustainable and affordable. We do this for banks and corporates, to drive financial inclusion. For over 23 years we’ve lowered the barriers to entry for banks, corporates, and financial services organisations, enabling them to compete on equal footing with international and local tier 1 banks.

How we started

Direct Transact (Pty) Ltd originated through a management buy-out of the Electronic Banking Division of a former South African Retail Bank, in September 2002.Direct Transact soon became the first Banking-as-a-Service (BaaS) and Payments-as-a-Service (PaaS) provider to the financial services industries in South Africa.

From the start, our company has specialised in providing services to the banking, retail, and corporate industries, offering turnkey solutions relating to any form of electronic transaction processing and account hosting services. A complete technology refresh has elevated our cutting-edge solution ensuring that it is geared to servicing our customers in a rapidly evolving marketplace.

We own all our intellectual property and are not dependent on any 3rd-party vendor for our service or software. Today, the majority of all clearing and settlement banks in South Africa are Direct Transact customers.

Your role

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.

What we are looking for in a candidate:

Skills & Experience

Financial professional with extensive experience in reconciliations, with at least 5+years of experience in a similar role handling bank and cashbook reconciliations.
Extensive experience in Interbank ATM– SASWITCH, Interbank POS- Debit Switch, Realtime clearing, EFT transactions, reconciliations, etc.
Extensive experience in and a thorough understanding of Visa and MasterCard (very advantageous).
Extensive experience in and a thorough understanding of card switching and payments processing (very advantageous).
A thorough understanding of Visa, MasterCard, other card associations, as well as BankservAfrica rules, service level agreements, and guidelines in respect of financial institutions and industry participants as both issuer and acquiring institutions (very advantageous).
Back office and reconciliation experience focusing on interbank-related card switching and payment services (advantageous).
Experience in general balancing and reconciliation functions.
Experience in bank settlement reconciliations.
Experience in dispute management systems (advantageous).
Banking experience (advantageous).

Qualifications

BCom Degree in Accounting, Finance, or a relevant field.
Matric or equivalent qualification recognized by the Department of Higher Education and Training.

We'd like to meet you

We have a mission, but we won't succeed unless we hire good people like you.
Join us.

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Location

Pretoria East, Menlyn Maine

Type

Full Time

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