Cash Processor Learnership at SBV Services

SBV Services is offering a 12-month contract internship programme as a Cash Processor, part of the YES4Youth initiative. This programme is designed to equip young South Africans with valuable skills and work experience, significantly enhancing their employability prospects. As a Cash Processor, you will play a crucial role in the secure and efficient handling of cash, contributing to the operational success of SBV Services, a leader in cash management solutions.

This opportunity is ideal for individuals seeking to gain practical experience in a dynamic financial services environment. You will be involved in various stages of cash processing, from receiving and preparing deposits to sorting notes, reconciliation, and managing coin transactions. The role demands meticulous attention to detail, adherence to strict policies and procedures, and a commitment to maintaining the highest standards of security and accuracy. Successful candidates will work within a supportive team environment, gaining exposure to industry best practices and developing a strong foundation for a career in finance and operations.

Key Responsibilities

• Receive cash deposits and update relevant systems accurately.

• Prepare cash for processing, ensuring workstations are ready for efficient note counting.

• Sort all prepped deposits and notes within stipulated cut-off times.

• Handle rejected notes, ensuring they are sent for verification and balancing.

• Perform reconciliation of all processed cash, including deposits and rejected notes.

• Manually check rejected notes for counterfeits, dye-stained, and mutilated currency.

• Conduct cash transfers to vaults and perform end-of-day balancing and reconciliation.

• Process bulk coin deposits and sort teller coin transfers according to SBV policies.

• Validate all transactions linked to bank system integrations, adhering to SLAs.

• Escalate system downtime or delayed batches to the Team Controller promptly.

• Process payroll and change transactions within bank SLA timeframes.

• Report all discrepancies and anomalies to the Team Controller immediately.

• Assist with the accurate packing and unpacking of Bank and ATM Cash.

• Manage consumables and ensure proper recording of bag and seal numbers.

• Utilise all equipment according to Standard Operating Procedures (SOPs), ensuring care for company assets.

• Comply with all company policies and procedures to mitigate risks to the company and customers.

Why Join the Company

SBV Services is committed to fostering talent and providing a platform for growth. Joining this internship programme offers a unique chance to gain hands-on experience in a critical sector of the South African economy. You will benefit from a structured learning environment, mentorship, and exposure to advanced cash management technologies and processes. SBV Services values its employees and promotes a culture of safety, integrity, and excellence. This role provides an excellent stepping stone for individuals looking to build a long-term career in the financial services industry, with opportunities for future development within the company.

How to Apply

Interested candidates are encouraged to apply for this exciting opportunity. Please submit your application promptly to ensure consideration. For direct applications, please refer to the company's career portal or designated application link. If no specific application link or email is provided, please use the Quick Apply button on this page.

• Grade 12 with Maths or Maths Literacy

• Advantageous: 6 months previous cashier/teller experience