About the Role
Ekurhuleni East TVET College is seeking a dedicated professional for the position of Assistant Director: Financial Reporting. Based in Kwa-Thema, this role is vital for ensuring the college operates within its financial means, maximizing resources for the benefit of students and the broader community. As part of the public service, the Assistant Director will play a crucial role in preparing and managing the college budget, monitoring financial activities, and ensuring compliance with regulatory standards, ultimately contributing to the sustainability of education in South Africa.
In this position, you will work closely with the Deputy Principal (CFO) and other stakeholders to compile consolidated budget reports, prepare financial statements, and implement policies that strengthen internal controls. Your work will directly influence the financial health of the institution, allowing it to better serve students and the community in Ekurhuleni. This is an exciting opportunity for those passionate about finance and education, offering a chance to make a meaningful impact in the public sector.
About the Department
The Ekurhuleni East TVET College is dedicated to providing high-quality vocational education and training to students, equipping them with the skills necessary for the workforce. The college focuses on fostering an inclusive learning environment while adhering to the policies and frameworks set forth by the Department of Higher Education and Training. Working here means being part of a mission to empower individuals through education, contributing to economic growth and social development in the region.
What You’ll Do
- Prepare and manage the college budget, ensuring financial stability.
- Monitor and report on budget performance on a monthly basis.
- Compile consolidated budget reports for approval by the Deputy Principal (CFO).
- Assist in the preparation of financial statements in compliance with regulatory standards.
- Implement internal control policies and procedures to safeguard college assets.
- Generate income statements, balance sheets, and cash flow reports.
- Monitor payments made to SARS and ensure compliance with all regulations.
- Improve working capital through effective management of cash, debtors, and creditors.
- Reconcile all balance sheet control accounts monthly.
- Manage payment and receipt turnaround times efficiently.
- Prepare working capital performance measurement reports.
- Review payroll-related payments and ensure EMP201 reconciliations are accurate.
- Compile summaries of earnings, taxes, deductions, and other relevant financial data for reporting.
- Prepare for year-end audits and collaborate with relevant staff to address findings.
What You’ll Need
- A Grade 12 / Matric / Level 4 Certificate.
- An appropriate National Diploma or Degree in Financial Management or Accounting.
- 3-5 years of experience in a relevant financial role, with at least 2 years in management.
- Computer literacy and proficiency in financial software.
- A valid driver’s licence.
- Knowledge of the Public Finance and Management Act (PFMA) and Treasury regulations.
- Familiarity with GRAP, IAS-IFRS, and related legislation.
- Strong written and verbal communication skills.
- Excellent problem-solving, research, and analytical skills.
- Leadership and facilitation skills, with the ability to organize and plan effectively.
How to Apply
Please direct your application as per the instructions provided below.
Requirements
A Grade 12 / Matric / Level 4 Certificate.An appropriate National Diploma / Degree in Financial Management/Accounting.
3-5 years’ experience in relevant field.
At least 2 years management experience.
Computer literacy.
A valid driver’s licence.
Knowledge of the Public Finance and Management Act (PFMA).
Treasury regulations.
Policy analysis/development.
Knowledge of GRAP and IAS-IFRS and including any other related legislation.
Good Written and verbal communication skills.
Good problem-solving skills, research skills, Planning & Organising, Research skills, Analytical skills, Report writing skills, Leadership skills, Presentation and Facilitation skills.
Job Duties
Prepare and manage the College budget.Monitor the budget on monthly basis.
Compile a consolidated budget report for approval by the Deputy Principal (CFO).
Assist in the preparation of financial statements for the College.
Implement policies and procedures as well as internal control.
Generate income statement, balance sheet and cash flow as per regulatory standards.
Monitor payments made to SARS.
Improve the working capital by managing the cash, debtors and creditors.
Ensure all balance sheet control accounts are reconciled monthly.
Manage turn-around times for payments and receipts.
Prepare and submit working capital performance measurement reports.
Review the payroll related payments.
Ensure that all EMP201 (SARS related payments) are reconciled monthly.
Prepare reports by compiling summaries of earning, taxes, deductions, leave, disability and non-taxable wages.
Prepare a year-end audit for the College.
Complete and distribute audit management plan to all relevant staff.
Ensure that all reconciliation files are signed and updated.
Minimize the previous year’s audit findings.
Ensure trial balance.
Comply with Department of Higher Education & Training (DHET) and College Policies and Procedures.
