Looking for a way to start or grow your career in the financial services or cash handling industry? The YES Learnership opportunity as a Cash Processor in Durban might be exactly what you need. This short-term contract role is perfect for job seekers who want hands-on experience in a secure, structured environment, especially if you’re interested in banking operations, cash processing, or logistics.
Whether you’re a school leaver, an entry-level job seeker, or someone looking to build practical financial processing experience, this is your chance to get paid while learning. Here’s everything you need to know to apply, including what the job involves, the skills you’ll develop, and why it’s worth applying today.
What does the YES Learnership entail for the Cash Processor position in Durban?
This learnership, based in Durban and offered through a reputable cash services provider (SBV Services), gives participants the opportunity to train and work as Cash Processors. It forms part of the Youth Employment Service (YES) Initiative, which aims to equip unemployed youth with meaningful work experience, helping to increase their employability.
The position focuses on handling and preparing physical cash deposits, ensuring accuracy, security, and compliance with banking and operational standards. You’ll be working in a professional environment where precision, responsibility, and teamwork are essential.
Who Should Apply?
This opportunity is ideal for:
- Recent high school graduates with at least Grade 12 and Maths Literacy.
- Young South Africans seeking formal workplace experience.
- Job seekers with some cashier or teller experience (an advantage, but not required).
- Individuals who are detail-oriented, reliable, and capable of working under pressure.
If you want to build experience in cash handling, finance, or the security and logistics sector, this learnership could be a critical first step.
Key Responsibilities
Your day-to-day work as a Cash Processor will be varied and hands-on. The core functions are split into several task categories:
1. Receiving and Preparing Cash Deposits
- Receive and acknowledge cash deposits.
- Verify bag/container integrity and report any tampering.
- Accurately prepare workstations for note counting.
- Record deposits in the system while following strict compliance rules.
2. Note Sorting and Verification
- Sort cash (notes and bundles) quickly and accurately.
- Identify counterfeit, damaged, or dye-stained notes.
- Report any discrepancies to the Team Controller.
- Ensure full end-of-day balancing and documentation.
3. Reconciliation and Audit Tasks
- Reconcile rejected notes with physical and digital records.
- Perform manual checks where required to validate all anomalies.
- Ensure all cash balances accurately before close of business.
4. Desktop Deposit Processing
- Handle deposits for individual clients, ensuring separation and traceability.
- Follow tamper-evidence protocols for bags and containers.
- Complete accurate transaction records and reconciliation daily.
5. Coin Processing and Sorting
- Sort and count bulk coin deposits.
- Process teller coin transfers securely.
- Verify all coins using documentation, machines, and manual checking.
- Handle machine jams and ensure maintenance reporting.
6. Bank System-Integrated Processing
- Process and verify deposits linked to integrated bank systems.
- Escalate any unlinked account issues to client services immediately.
- Ensure all account numbers and transaction references are validated to avoid misposting.
7. Payroll and Float Handling
- Prepare floats and payroll bags according to strict SLA standards.
- Obtain necessary authorizations before despatch.
- Seal floats securely and track all associated documentation.
8. Prepack and Treasury Support
- Pack and unpack ATM and bank cash accurately.
- Record all seal numbers and consumables used.
9. Equipment Use and Care
- Operate machines and equipment safely and efficiently.
Compliance, Culture, and Change Leadership
This role is about more than just cash—it’s about precision, trust, and responsibility. As a participant, you’ll also be expected to:
- Support the company’s ISO 9001:2015 Quality Management Standards.
- Promote workplace culture that is focused on teamwork, compliance, and improvement.
- Serve as an ambassador of change, helping to integrate new procedures and improve customer service processes.
Skills and Experience Required
Minimum Qualifications:
- Grade 12 with Maths Literacy (this is essential)
- 6 months of experience as a teller or cashier is beneficial but not mandatory
Core Skills:
- Strong attention to detail
- Ability to work with numbers
- Communication and reporting skills
Employment Terms and Location
- Duration: Limited term (typically 12 months)
- Location: Durban, South Africa
Why This Learnership Is Worth Your Time
Here’s why you should seriously consider applying:
- Earn while you learn in a professional, secure environment.
- Improve your employability in banking, security, or financial services sectors.
- Get real experience working with high-value assets and complex systems.
- Be part of a nationally recognized program under the YES initiative.
For many, this kind of experience becomes a launchpad to longer-term employment with financial institutions, logistics companies, or security services.
If you meet the minimum requirements and you’re motivated to learn, apply today by submitting your application directly through the employer’s platform. Be sure to:
- Include your Grade 12 certificate with Maths Literacy.
- Mention any previous cashier or teller experience.
- Emphasize your attention to detail, honesty, and reliability.
Apply here for sbv learnership 2025
