SBV YES Learnership: Cash Processor (Durban)
Date Posted: 2025/05/20
Reference Number: YES CP
Job Description:
This SBV Learnership provides an exciting opportunity to gain practical experience as a Cash Processor within SBV Services in Durban. The successful candidate will be responsible for the accurate and efficient handling, processing, and reconciliation of cash deposits, ensuring adherence to strict security protocols and operational procedures. The SBV role demands meticulous attention to detail, a strong understanding of financial systems, and the ability to work effectively both independently and as part of a team. The SBV learner will receive comprehensive training and mentorship to develop the skills and knowledge required for a successful career in cash management.
Key Responsibilities:
1. Receiving and Processing Cash Deposits:
- Receive Deposits: Accept cash deposits from authorized personnel, meticulously verifying deposit slips against the physical cash received.
- System Updates: Accurately and promptly update all relevant systems with deposit information, ensuring data integrity and real-time tracking. This includes logging deposit amounts, customer details, and any relevant transaction information.
- Compliance: Strictly adhere to all SBV policies, procedures, and regulatory guidelines related to cash handling, security, and fraud prevention. Proactively identify and report any potential risks or discrepancies to minimize exposure for both the company and its customers.
- Security Awareness: Maintain a high level of security awareness at all times, understanding and implementing security protocols to prevent theft, loss, or unauthorized access to cash.
2. Preparing Cash for Processing (System Preparation):
- Container/Bag Inspection: Upon receipt of cash containers/bags, thoroughly inspect them for any signs of damage, tampering, or interference. Immediately report any anomalies or irregularities to the Team Controller.
- System Acknowledgment: Acknowledge the receipt of each container/bag in the designated system, maintaining a clear audit trail of cash movement and accountability.
- Deposit Processing (System Input): Process all deposits accurately and efficiently, ensuring compliance with agreed-upon Service Level Agreements (SLAs) and Standard Operating Procedures (SOPs) as defined by the relevant banks and SBV. This includes entering deposit details into the system, verifying information, and resolving any discrepancies.
- Workstation Preparation: Prepare the workstation meticulously before commencing note counting, ensuring all necessary equipment and materials are readily available and functioning correctly. This includes verifying the cleanliness and calibration of note counting machines.
3. Note Sorting and Verification:
- Sorting: Sort all prepped deposits/notes intended for Further Deposit Processing (FDP) and Automated Cash Deposit Processing (ACDP) promptly on the same day, adhering strictly to established cut-off times.
- Rejected Notes: Identify and separate rejected notes, following the established procedure for verification and balancing. Send rejected notes to the designated Reject Teller, along with the corresponding PCD cards, deposit slips, and stop loss bag, ensuring a complete and accurate record of the transaction.
- Visual Verification: Adhere to the visual verification protocol. The operator must clearly display a board to the camera, containing the client name, date, denominations, number of bundles, and the operator’s name, ensuring a visual record of the sorting process.
- Deposit Balancing: Balance each deposit meticulously, ensuring that the total value of the notes matches the deposit slip amount.
- Difference Reporting: Immediately report any discrepancies or differences to the Team Controller, providing detailed information about the nature of the discrepancy.
- Production Reporting: Accurately fill out the production sheet, recording key metrics such as the number of deposits processed, the total value of deposits, and any downtime or issues encountered.
- Downtime Recording: In the event of machine breakdowns, ensure the technician signs the downtime register, accurately documenting the time and nature of the malfunction.
- End-of-Day Verification: Ensure that all end-of-day bundles are verified by the Team Controller before being secured, ensuring the accuracy and integrity of the cash inventory.
4. Reconciliation and Reporting:
- Daily Balancing/Reconciliation: Assist the Team Controller with daily balancing and reconciliation activities, ensuring that all cash transactions are accurately accounted for.
- ACDP Deposit Reconciliation: Assist with the reconciliation of Automated Cash Deposit Processing (ACDP) deposits, resolving any discrepancies and ensuring accurate financial reporting.
How To Apply:
APPLY HERE
This SBV detailed job description provides a better understanding of the responsibilities and expectations of the Cash Processor Learnership.
This elaborated version provides much more detail, including examples, explanations of why each step is important, and reminders about security, training, and record-keeping. It also anticipates potential issues, such as shortages, surpluses, and system outages, and outlines the proper steps to take.
