Junior Treasury Accountant

Purpose     

Monitor cash flow in the school and control all money transmission tools including managing bank accounts, maintaining financial records, performing banking operations, providing financial advice to the school, and handling cash management systems.

Responsibilities

• Register the cash collection on the computer upon receiving the bank credit advice
• Check charges from the banks to ensure compliance with the agreements.
• Follow up and update the status of the collection of returned cheques to keep updated records.
• Ensure timely collection of the cheques deposited at banks according to the signed agreements
• Deposit on a daily basis both cash and cheques in the bank and receive a stamped Bank
• Receive daily bank statements, checks and compares them against the system printouts.
• Ensure timely collection of the deposited cheques
• Check bank charges and commission on the collected cheques
• Proof of cash received from customers and parents by issuing a delivery receipt
• Proof of cash received from banks by issuing a delivery receipt
• Release cash salaries to employees as required    
• Verify covenant paperwork to balance accounts and ensure that all figures match payment information.
• Verify that invoices have been paid, in terms of collection, data accuracy, tax deduction, and the signature of the person responsible for the exchange
• Manage all Treasury transactions
• Prepare treasury-related reports.
• Check and verify cash transactions; and also investigate and propose possible resolution for any discrepancies
• Write regular reports based on financial data showing incoming and outgoing figures, as well as other relevant information
• Make an inventory at least weekly to ensure the correctness of the treasury balance and the absence of a deficit
•  Reporting on the foreign currency exposure of the organization
• Processing foreign currency payments