Strategic Financial Accounting Opportunity at Capitec Bank

Capitec Bank Ltd is recruiting a detail-oriented and analytically strong Financial Accountant (Project Lead) to join its finance team in Stellenbosch, Western Cape. This opportunity is ideal for a qualified accounting professional who has completed SAICA or SAIPA articles and is looking to build post-articles experience within a highly structured, data-driven, and performance-focused banking environment.

The role focuses on ensuring the accurate recording, review, and analysis of financial accounting transactions, maintaining integrity of financial results, and providing technical accounting guidance across assigned portfolios, functions, or departments. As a Project Lead, this role also requires the ability to provide subject matter expertise, oversight, and advisory support to stakeholders across the business.

This position is well suited to a technically competent accountant with strong analytical ability, a sound understanding of IFRS and GAAP, and the confidence to work with large volumes of financial data in a regulated financial services environment.

About the Role

The Financial Accountant (Project Lead) is accountable for ensuring that all financial accounting transactions are accurately and efficiently recorded within the financial results of the organisation. The role focuses on maintaining the accuracy, completeness, and integrity of financial records while supporting financial decision-making through analysis and interpretation of data.

This position plays a key role in reviewing financial results, performing balance sheet reconciliations, and ensuring that all balance sheet values are fully substantiated. The Financial Accountant is expected to identify discrepancies, investigate variances, and ensure that corrective actions are implemented where required.

In addition to core accounting responsibilities, the role requires providing technical accounting guidance and subject matter expertise to colleagues and business stakeholders. The Project Lead element of the role involves supporting projects, portfolios, or functional areas by applying accounting knowledge, system understanding, and analytical insight to improve financial outcomes and controls.

Key Responsibilities

Financial Accounting and Transaction Processing

The successful candidate will ensure that financial accounting transactions are recorded accurately and in line with accounting standards and internal controls. This includes executing a wide range of accounting functions across financial reporting cycles.

The role requires maintaining discipline in transaction processing to ensure that financial results are reliable, complete, and reflective of underlying business activity.

Financial Review and Analysis

The Financial Accountant will review and analyse financial results to ensure accuracy, completeness, and consistency. This includes identifying trends, variances, and anomalies in financial data and providing clear explanations and insights to stakeholders.

Strong analytical skills are essential, as the role involves working with large volumes of financial data and interpreting results in a meaningful and efficient manner.

Balance Sheet Reconciliations and Substantiation

A core responsibility of the role is performing and reviewing balance sheet reconciliations. This includes ensuring that all balance sheet accounts are comprehensively substantiated, supported by appropriate documentation, and compliant with accounting standards.

The role requires investigating reconciling items, resolving discrepancies, and ensuring timely clearance of outstanding items to maintain balance sheet integrity.

Technical Accounting and Subject Matter Expertise

The Financial Accountant (Project Lead) is expected to provide technical accounting guidance and oversight within assigned portfolios, functions, or departments. This includes advising on accounting treatments, interpreting accounting standards, and supporting compliance with IFRS, GAAP, and internal accounting policies.

The role also involves supporting business teams by providing financial advisory input to assist with decision-making and project execution.

Systems and Process Support

The role requires working with computerised accounting systems to support accurate financial reporting and analysis. Experience with SAP accounting modules is advantageous, as the role may involve system-based reconciliations, reporting, and data extraction.

The Financial Accountant is expected to use Microsoft Office tools effectively, particularly Excel, to analyse data, prepare reports, and support financial reviews.

Project and Stakeholder Support

As a Project Lead, the role involves supporting financial projects and initiatives by applying accounting knowledge, analytical skills, and system expertise. This includes collaborating with internal stakeholders, providing financial insights, and ensuring that accounting considerations are addressed during project implementation.

Strong communication skills are essential to explain financial concepts clearly to non-financial stakeholders and build effective working relationships.

Minimum Requirements

Candidates applying for this role must meet the following requirements:

• Bachelor’s Degree in Accounting with a focus on Financial Accounting

• Completed SAICA or SAIPA articles

• Clear criminal and credit record

Experience and Professional Background

• 0–2 years post-articles experience in financial accounting

• Experience executing a broad range of accounting functions

• Experience providing financial advisory support to business stakeholders

• Exposure to balance sheet reconciliations and financial analysis

• Experience within a banking or financial services environment will be advantageous

Qualifications (Ideal or Preferred)

• Honours Degree in Accounting – Financial Accounting

• Exposure to SAP accounting systems

• Prior experience within Capitec Bank will be advantageous

Knowledge Requirements

Candidates must demonstrate strong knowledge and understanding of:

• IFRS and GAAP

• Accounting principles and standards

• Computerised accounting systems and controls

• South African tax principles, particularly VAT

• Management of accounts and reconciliations

• Financial analysis of large data sets

• Business communication and reporting

• Microsoft Office suite of tools

Key Skills and Competencies

The ideal candidate will demonstrate strong capability in:

• Financial analysis and interpretation

• Attention to detail and accuracy

• Numerical reasoning and problem solving

• Reporting and documentation

• Professional communication

• Interpersonal and relationship management

• Time management and prioritisation

• Working independently and collaboratively

Fundamental Competencies

This role requires a professional who is:

• Analytical and methodical

• Highly detail-oriented

• Technically confident in accounting standards

• Comfortable working with large volumes of data

• Professional, reliable, and accountable

• Able to work under pressure and meet deadlines

• Committed to continuous learning and improvement

Employment Details

• Position Type: Permanent

• Company: Capitec Bank Ltd

• Location: Stellenbosch, Western Cape

• Industry: Banking and Financial Services

• Job Functional Area: Finance / Financial Accounting

• Experience Level: Entry to Associate

• Date Posted: 06 February 2026

Apply for Financial Accountant (Project Lead) – Stellenbosch

Qualified candidates who meet the above requirements are encouraged to submit their applications.

👉 Apply for Financial Accountant (Project Lead)

Applicants should ensure that their CV clearly reflects completion of articles, financial accounting exposure, and experience with reconciliations and financial analysis. Only shortlisted candidates will be contacted.

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