Revenue Reconciliation Manager
REF: KK693
Market Related Salary
Plattekloof, Western Cape
The successful candidate will be responsible for managing the company’s cash, liquidity, banking relationships and financial risk. Given the company’s high volume of daily cash transactions, you will be responsible for ensuring efficient cash collection processes, optimal working-capital levels and accurate forecasting to support operations and strategic growth.
RESPONSIBILITIES:
Cash & Liquidity Management:
Overseeing daily cash positioning and ensuring sufficient liquidity to support operations
Monitoring cash flows from multiple locations (cash, card settlements and delivery parters)
Ensuring timely deposits and reconciliation of cash with CIT and banks
Banking & Payment Operations:
- Managing relationships with banking partners, payment processor and CIT providers
Negotiating banking fees, merchant services charges and service-level agreements
Overseeing setup of new onboarding and POS merchant accounts
Working Capital Management:
Improving cash conversion cycle (inventory, payables, receivables timelines)
Supporting initiatives that reduce cash leakage (cash variances, deposit discrepancies)
Revenue Reconciliation Controls & Compliance:
Maintaining strong internal controls around cash handling, POS settlements and reconciliations
Ensuring compliance with corporate revenue reconciliation policies, franchise requirements and financial regulations
Supporting internal and external audits regarding revenue reconciliation and cash processes
Risk Management:
Supporting insurance and property-risk review processes if required
Implementing fraud-prevention measures for cash and electronic payments
Revenue Reconciliation Systems & Process Improvement:
Leveragng revenue reconciliation management systems, POS integrations and ERP systems to automate processes
Leading continuous improvement initiatives to enhance accuracy, security and efficiency of revenue reconciliation operations
Supporting digital payment initiatives and innovations (wallets, contactless payments, delivery partners)
Revenue Reconciliation Staffing:
Managing 1 supervisor, 6 reconciliation controllers and 3 cash-up controllers
Measuring staff performance through KPI-based reviews
Disciplinary processes and probationary reviews for new revenue reconciliation team members
Reporting:
Ensuring accurate and timeous submissions of revenue reconciliation reports and reconciliations
Ad-hoc reporting as required by Operations department
Automating reports
REQUIREMENTS:
Bachelor’s degree in Finance – Accounting
Professional certifications preferred
5–8+ years of treasury/ revenue reconciliation/ cash management or corporate finance experience
Experience in QSR, retail, FMCG, or multi-unit franchise environments highly preferred
Strong understanding of high-volume cash transactions and POS/merchant settlement processes.