OverviewReferenceINSETA 24SalaryZAR/monthJob Location- South Africa -- Johannesburg Metro -- Johannesburg -- IllovoJob TypePermanentPosted29 June 2023Closing date07 Jul 2023 23:59PURPOSE OF THE JOBResponsible for preparing financial reports, perform research and analysis, maintain the general ledger, perform account reconciliations, assist with audit preparations, and carry out other accounting duties as may be required.Key Performance AreasOutputsResponsible for periodical financial performance reports to CFO and DHETReconciliation of splits between Levy download into mandatory, discretionary and admin categoriesEvaluate the requests for payments in terms of accuracy, commitments and budget factorsEnsure that Boards and Board Committee members are paid on time and accurately and in terms of the contractsReceive attendance registers and claims from members via INSETA governance officeResponsible for the Levy income from DHET to ensure that the amounts received are correct against Bank Account receiptsResponsibility to implementation of stakeholder and stakeholder relationship strategies and build sustainable and resilient relationships with employers, project owners and CFOReceive processed payments for postingReport on the commitment balances movements and payments made monthlyTrain and develop individual staff members in terms of the performance improvement plans.Responsible inputs the delivery of monthly management accounts (Levies and GrantsAttend SCM bid committees to evaluate submitted tendersEngagement to Influence stakeholders to support the achievement of the strategic objectivesCreate employer agreements in response to the discretionary allocationsPrepare payment schedules from the registers and claims as received applying current rates for the purposeDevelop and monitor division staff KPA's and performance management, coaching and mentoring initiatives.Manage employer agreements in terns of the terms and conditions as agreedReceive bank payment list and check for accuracy and completenessApprove payments where applicable for processing by Grant Administrator and Submit to CFO for payment releaseSubmit for authorisation by CFO and load on Banking for paymentAccountable for delivering management accounting reports in line with GRAP and PFMA requirements and guidelines.Allocate mandatory grant payments based on employers' levy contributionsApplication of appropriate reporting practices in line with Acceptable Accounting standards and PFMA regulations and applicable legislation.Scrutinise the Levy summaries file to prepare exception reports and statistical information for the CFO attentionReconcile the payments against the levies received per employerResponsible for the analysis and interpretation of management accounts information in line with the mandatory and discretionary grantsCheck and approve payments for accuracy and validity and other factorsEffective and accurate budget execution and variance reporting in relation to grantsPreparation of management accounting information periodic in line with CFO requirementsQuarterly reporting to NT on INSETA performanceResolve any queries from individual board membersOversee resolution of stakeholder concerns and issuesReconciliation of splits between Levy download into mandatory, discretionary and admin categoriesREQUIRED QUALIFICATIONS AND EXPERIENCEQualificationsMinimum Requirement: NQF Level 7 Degree in financial management or equivalent relevant qualification in Finance qualifications.ExperienceMinimum Requirement: Minimum of 5 years' experience in a supervisory position in the financial management fieldPreferred Requirement: Registered with professional body like CIMA, SAICA, SAIPA or IRB.Financial Management experience in the Public Sector environment.REQUIRED KNOWLEDGE AND SKILLSKnowledgePFMA/Treasury regulationsDifferent contract options for leases.BCEALRASCM ProcessesCorporate governancePerformance Management standardsGAAPFinancial Management SystemsAccounting standardsSkillsMinimum Requirement: Attention to detail, ability to work under pressure and meet deadline under challenging circumstances.Report writingPresentation skillsSupervisory skillsProject Management skillsPeople Management skillsAdvanced computer skills include power point presentation and high level of written and verbal communication.The ability to analyse situations and to arrive at the best possible solution.Negotiation skillsProblem solving skillsINSETA is an equal opportunity employer and preference will be afforded to designated candidates in line with the approved Employment Equity Plan.Closing date: 7 July 2023NB: 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#J-18808-Ljbffr