Cash Processor

Company: SBV
Location: Mthatha, Eastern Cape
Job Type: Permanent
Work Level: Skilled
Salary: Market Related
Reference: SBV-913

 Job Purpose

The Cash Processor is responsible for handling, processing, sorting, and reconciling cash deposits while ensuring compliance with banking standards, security procedures, and company policies.

 Key Responsibilities

 Cash Handling & Processing

✔ Receive and process cash deposits
✔ Prepare and verify deposits on systems
✔ Ensure compliance with bank SLAs & SOPs
✔ Perform daily balancing and reconciliation

 Note Sorting & Verification

✔ Sort notes (FDP/ACDP) within deadlines
✔ Identify counterfeit or damaged notes
✔ Report discrepancies to Team Controller
✔ Maintain production and audit records

 Coin & Deposit Processing

✔ Process bulk coin deposits
✔ Handle sachet and teller coin transfers
✔ Ensure accurate counting and balancing

 System & Reconciliation

✔ Process desktop and system-integrated deposits
✔ Verify account details to avoid errors
✔ Handle shortages/surpluses according to SOPs

 Vault & Treasury Support

✔ Assist with ATM and bank cash packing
✔ Manage consumables and sealing procedures
✔ Ensure accurate documentation of seals & bags

 Equipment & Compliance

✔ Maintain machines and report faults
✔ Follow ISO 9001 quality standards
✔ Support ESG and company governance

 Minimum Requirements

✔ Grade 12 (Mathematical Literacy)
✔ 6 months cashier/teller experience (advantageous)
✔ Completed SBV Cash Processor training

 Key Skills

✔ Attention to detail
✔ Accuracy & accountability
✔ Ability to work under pressure
✔ Strong compliance & risk awareness
✔ Teamwork and communication

 Why Apply?

✔ Entry into banking & cash services industry
✔ Stable permanent opportunity
✔ Gain specialized cash handling experience
✔ Work with a trusted financial services company

 NextStepZA Tip

✔ Cash Processor roles require high accuracy and trustworthiness
✔ If you’ve worked as a cashier, teller, or retail operator — you already have a strong advantage