Financial Analyst: Banking Services – Pretoria – Department Of Finance

About the Role

The Department of Finance is seeking a dedicated Financial Analyst in Banking Services based in Pretoria. This vital role ensures the smooth operation of financial transactions and processes that support local municipalities and the broader community. By authorizing local and foreign payments and verifying banking details, you will contribute significantly to the integrity of public service finances and help maintain trust in government financial operations.

In this position, you will be at the forefront of ensuring that funds are allocated and processed in accordance with the Division of Revenue Act (DORA). Your work will directly impact the lives of South Africans by ensuring that financial resources reach the municipalities that rely on these funds for essential services. Joining the Department of Finance means being part of a team that values transparency, efficiency, and commitment to the public good.

About the Department

The Department of Finance plays a crucial role in managing the financial resources of the government. Its mission is to ensure effective financial governance and robust fiscal management across all levels of public service. Working within this department means contributing to the financial health of the nation, making it an ideal environment for professionals who are passionate about public service and integrity in financial management.

What You’ll Do

• Initiate and authorize local and foreign payments on the Safety Web banking system in compliance with SWIFT requirements.
• Process cancellations of payments and assist with grant payments to municipal primary accounts as prescribed by DORA.
• Verify payments to municipalities excluded from the DORA schedule according to established rules and regulations.
• Confirm local and foreign payments settled with the South African Reserve Bank (SARB) and commercial banks, verifying against SWIFT messages and SARB reports.
• Upload and submit bank detail verifications to respective banks based on inputs from the Central Supplier Database (CSD).
• Reconcile daily AVS requests from PMG account holders with data from stakeholder banks.
• Prepare and process bank charge documents and follow up on outstanding departmental reconciliations.
• Assist with testing new releases of the Safety Web Banking system and updating relevant manuals.

What You’ll Need

• A Grade 12 certificate and a minimum National Diploma (equivalent to NQF level 6) in Accounting.
• A Bachelor’s Degree (equivalent to NQF level 7) in a related field is advantageous.
• At least 2 years of experience in a financial management environment.
• Basic knowledge of Accounting principles and practices.

How to Apply

Interested applicants must submit their applications via the online link provided below.