Overview Reference INSETA 42 Salary ZAR/month Job Location - South Africa -- Johannesburg Metro -- Johannesburg -- Illovo Job Type Permanent Posted 18 September 2023 Closing date 18 Sep 2023 23:59 PURPOSE OF THE JOB Responsible to support the Financial Manager in the implementation of INSETA financial processes and policies in achieving INSETA strategic Financial Objectives, in line with the PFMA. Responsible to execute on all Financial Accounting processes including controls within the finance division including budgeting, transaction processing, recording and reporting, financial performance reporting (internally and externally), Revenue and Expenditure Management in line with PFMA and GRAP. Responsible to identify operational risk indicators within Finance, in line with PFMA regulations and applicable legislation. Key Performance Areas Outputs Financial Accounting 60% General Implement accounting policies in line with the legislative guidelines and the relevant financial reporting framework. Prepare all periodic returns and reports to DHET&National Treasury for review and submission by the legislated dates Implement approved finance policies and operating procedures. Monitor the financial administrator's compliance with approved financial policies and procedures. Support the review of all accounting records monthly Adhere to document management processes Expenditure and Payables management Support the review of all expenditure transactions ensuring that payments to be made are valid, accurate, complete Implement and execute processes and controls to ensure that payments are made within thirty days Monitor preparation of the administration expenditure supplier invoice register to ensure its completeness and accuracy Follow up and resolve queries on delayed invoice payments First level review of supplier invoices for validity, accuracy before payment Classification of administration and capital expenditure according to the chart of accounts Prepare supplier reconciliations First level review of updates to supplier master data Maintain a schedule of administration related liabilities Revenue, receivables and cash management Review of weekly bank reconciliations Custody of petty cash, cash counts and preparation of related petty cash reconciliations Maintain a schedule of prepaid expenses, staff receivables and other administration related receivables Maintain a schedule of interest received and other administration related income Identify potential cash surpluses or shortfalls Other assets&liabilities management Lead periodic fixed asset verification/s Maintain an up to date fixed assets register Prepare depreciation calculations and relevant journals Reconcile Assets registeragainst TB and GL Budgeting and Reporting 30% Provide input regarding expected administration expenditure and income for future periods as part of the seta wide budget process Implement appropriate reporting practices in line with GRAP and PFMA regulations. Assist with the reporting on Financial Performance to the CFO Compilation and collation of monthly management reporting supporting information Report on monthly administrative expenditure against budgets Prepare and submit information required by National Treasury annually (information on bank accounts, financial statements accuracy, surplus requests) Respond to ad hoc requests from parliament (parliamentary questions) Compilation and submission of annual financial statements and related schedules to relevant stakeholders Assist the finance manager to provide financial information for inclusion in the annual report Progress reporting on action plans against reported internal/ external audit findings People Management 10% Develop and monitor division staff KPA's and performance management, coaching and mentoring initiatives. Identification of required skills and competency gaps Train and develop individual staff members in terms of the performance improvement plans. Manage disciplinary and grievance procedures/ escalation of incidents involving immediate subordinates Plan and manage immediate subordinates activities to achieve efficiency in meeting all reporting requirements timely REQUIRED QUALIFICATIONS AND EXPERIENCE Qualifications Minimum Requirement: An NQF level 6 qualification in Financial Accounting, Auditing or equivalent Preferred Requirement: B.Com Honours in Accounting or equivalent plus completed articles and a Professional registration with an appropriate accounting body (e.g. CIMA, SAICA, SAIPA, IRBA) Experience Minimum Requirement: A minimum of 3 years' experience in financial accounting is required. Preferred Requirement: A minimum of 3 years in financial accounting environment. Applicable experience in the Public Sector environment including knowledge of PFMA and GRAP. Extensive knowledge of Caseware. Knowledge of preparation of Annual Financial Statements. Experience and knowledge in dealing with Auditors(both internal and external). REQUIRED KNOWLEDGE AND SKILLS Knowledge Minimum Requirement: Knowledge and understanding of the PFMA and NT regulations Skills Minimum Requirement: Attention to detail, ability to work under pressure and meet deadline under challenging circumstances. Advanced computer skills include Microsoft excel, power point presentation and high level of written and verbal communication. The ability to analyse situations and to arrive at the best possible solution INFRASTRUCTURE REQUIRED Resources Provided • Desktop Computer • Laptop Computer • 3G Card • Landline telephone • Access to internet • Photocopier • Scanner INSETA is an equal opportunity employer and preference will be afforded to designated candidates in line with the approved Employment Equity Plan. Closing date : 18 September 2023 NB: Applications of people living with Disabilities will be given preference. INSETA reserves the right not to make an appointment. No late applications will be accepted South African National Roads Agency (SANRAL) SOC Ltd South African National Roads Agency (SANRAL) SOC Ltd South African National Roads Agency (SANRAL) SOC Ltd South African National Roads Agency (SANRAL) SOC Ltd #J-18808-Ljbffr