South African Bank Note Company

Pretoria, Gauteng

Permanent

Job Details

DepartmentotherMinimum experience

AssociateCompany primary industryManufacturingJob functional area

Accounting/Auditing

Job Description

Purpose
To perform allocated payroll functions in order to ensure the accurate calculation and preparation of all salary related inputs, validation and accurate processing of payroll information, generate payments to third parties, and preparation of monthly payroll reconciliations.

Main Responsibilities (not limited to):
• To accurately calculate and prepare all salary related information for payroll processing for the relevant period.
• To accurately process all salary related information on the SAGE People Payroll system.
• To resolve all salary related enquiries from employees and third parties.
• To prepare, validate and ensure the accuracy of Group Life and Post-Retirement Medical Aid information for actuarial valuation purposes.
• To prepare and reconcile third party payments to the payroll on a monthly basis.
• To reconcile all payroll related general ledger control accounts including explanations for reconciling items
• To prepare year-end external audit working papers for directors and executive remuneration, provisions and disability accruals.
• To prepare, validate and ensure the accuracy of statutory submissions for Stats SA.
• To comply with relevant taxation, BCEA and other legislation including policies and procedures of the SABN.

The preferred candidate is likely to have:
• Grade 12/NQF equivalent with Accounting and Maths (Essential)
• Post-school Payroll qualification (Desirable)
• 3 years specific SAGE 300 experience on Payroll and/or HR Modules (Essential)
• 2-4 years of core experience in an HR administrative OR Payroll environment (Essential)

External applicants should apply on Careers24 website by uploading detailed CV’s, ID copy, copies of qualifications and recent pay slip. No applications will be considered if the supporting documents are not submitted.

The personal information that is collected and processed for recruitment purposes will not be utilised for any other purpose. You can read more on how we process your personal information in the South African Reserve Bank Privacy Notice. You absolve the SABN for any liability whatsoever, and howsoever arising from the providing of information.

SABN is committed to equality, employment equity and diversity. In accordance with the Employment Equity Plan of SABN and its Employment Equity goals and targets, preference may be given, but is not limited to candidates from under represented designated groups. No application will be considered after the closing date, or if it does not comply with at least the minimum requirements. Please note that correspondence will be limited to shortlisted applicants only.

Should you not hear from us within 10 working days after the closing date, please consider your application unsuccessful. SABN reserves the right not to make an appointment to the posts as advertised. Prospective applicants must be willing to undergo a series of assessments and security clearance process as prescribed by the National Key Point Act.

Click here to apply

We wish you all the best with your applications

Design

The SARB acts proactively by developing new banknotes to ensure that the country’s money remains among the most trusted currencies in the world. This is done to ensure continued relevance of the design and to incorporate technological advances, ensuring trust is maintained in the currency.

A number of design objectives are considered when designing and developing new banknotes and coin that:

• are difficult to counterfeit but economical to manufacture;
• are undeniably South African;
• can be easily validated and authenticated;
• are optimised to serve the needs of stakeholders, and
• optimise usability across the full currency life cycle.

R200 plates ready for printing
 

The Kruger Rand moulding

Production

The Currency Management Department works with its subsidiaries namely, the South African Mint Company (RF) Proprietary Limited (SA Mint), which mints coins, and the South African Bank Note Company (RF) Proprietary Limited (SABN), which prints banknotes. Both are subsidiaries of the SARB.

The SARB forecasts and calculates annually the volume of banknotes and coin needed to meet public demand. The production and technical teams decide on the technical, quality and security features of the banknotes and coin. The SABN and SA Mint then produce the new banknotes and coin based on the annual order placed.

R100 banknotes sheets in production
 

The coin cleaning process

Distribution

The SARB ensures the availability and adequacy of banknotes and coin throughout the country in line with section 10(1)(a)(i)–(v) of the SARB Act. It is responsible for the bulk issuance and distribution of banknotes and coin and for meeting public demand for cash.

The Currency Management Department is responsible for managing and overseeing the cash supply chain, from planning, distribution and issuance, to destruction of cash.

Printed banknotes are transported from the subsidiary to cash centres for issuance to commercial banks. The SARB’s cash centres are located in Johannesburg, Durban and Cape Town and are not open for transactions with the public.

Commercial banks hold sufficient banknotes and make them available at their branches and automated teller machines (ATMs), where they can be withdrawn and used for transactions by the public.