We are the only company in South Africa that partners with the South African Reserve Bank to collect all new banknotes and coins for distribution. We work closely with our four shareholding banks and customers Absa Group Limited, First National Bank, the Standard Bank of South Africa Limited and Nedbank Limited. We use the latest technology to count
Cash Processor
Description
- Responsible for
the efficient and accurate end to end processing of cash in compliance
with policies and procedures (SOPs). A Cash Processor may perform any one
and/or a combination of the functions below.
Requirements
- Receive
Cash
- Receive
deposits and update on the applicable systems.
- Comply
with all policies and procedures to eliminate any possible risks to the
company and the customer. Prepare Cash on the applicable system
- Check
container/Bag for any damages or interferences and report all anomalies to
Team Controller.
- Acknowledge
container/bag on applicable system.
- Process
all deposits in line with the agreed upon banks SLAs and SOPs on the
applicable system.
- Prep
workstation accurately for effective and efficient note counting. Note
Sorting
- Sort all
prepped deposits/notes for (FDP/ACDP) on the same day, within the cut off
times.
- Send rejected
notes to the Reject Teller together with the PCD cards, deposit slips and
stop loss bag to verify and balance Reconciliation of ACDP deposits.
- Perform a
reconciliation of all notes rejected in order to validate the
information
- Manually
check all rejected notes for counterfeits, dye-stained and mutilated
notes
- Perform
cash transfers to vaults
- Perform
end of day balancing/ reconciliation of all cash received
- Handle all
transactions including shortages and surpluses according to SOPs Desktop
deposit processing
- Check
container/Bag for damage /tamper, report anomalies to Team
Controller.
- Acknowledge
container/bag on applicable system.
- All
deposits must be kept separate per customer at all times and all deposits
must be processed on the same day received by the customer.
- All
deposits must be processed and balanced on the applicable system
- Perform
end of day balancing/ reconciliation of all cash received
- All
transactions, including shortages and surpluses must be handled according
to SOPS
- Accurate
prepping must be done to enable effective and efficient note counting
Sachet and Process Coin
- Process
bulk coin deposits in accordance with SBV’s policies and Procedures
- Sort and
process teller coin transfers Bank system Integrated deposit
processing
- Validate
all transactions linked to system integrations as per banks SLA
- Inform
client services of account numbers not linked to bank system to avoid
delays n crediting the customer Verify deposit account number to eliminate
losses or misposts
- Escalate
system downtime/delayed batches to team controller Payroll and
change
- Payroll /
change transactions must be processed in accordance with SLA per
customer
- Report all
discrepancies to the Team Controller timeously
- Floats
must be sealed in drop safe bags along with float packing slips and placed
into trolleys as per client requirement
- Payroll
entries to be processed within the banks SLA timeframes
- Maintain
all equipment by reporting any defects on equipment to the Team
Controller
- Obtain
banks authorization prior to despatching as per SOP Prepack/Treasury
- Assist
with the accurate packing and unpacking of Bank and ATM Cash.
- Manage
consumables in line with packing requirements.
- Confirm
that the bag and Seal numbers are properly recorded.
- Manage
Equipment
- Utilise
equipment according to Standard Operating Procedures (SOPS), protecting
and taking care of company assets
Method of Application
Interested and qualified? Go to SBV Services (Pty) Ltd to apply