About the Role
The Department of Finance is seeking a dedicated Assistant Director: Management Accounting to join its team at the False Bay TVET College’s Central Office. This vital role is based in the picturesque city of Cape Town, where you will play an essential part in ensuring the effective financial management that supports educational initiatives and public service. Your contributions will directly impact the college’s ability to deliver quality education and training, fostering economic growth and development in the region.
In this position, you will coordinate, review, and analyze financial information that is crucial for strategic planning and budgeting processes. Your expertise will aid in the preparation of budgets and financial reports, ultimately ensuring transparency and accountability within the college’s financial operations. By providing accurate financial insights and recommendations, you will help shape the future of education in South Africa, making a meaningful difference in the lives of students and the community.
About the Department
The Department of Finance is committed to promoting sound financial management practices within the public sector. Its mission encompasses the coordination and oversight of financial resources to enhance service delivery across various government departments and institutions. Working here means being part of a team that strives to empower communities through sustainable financial practices and effective governance.
As a member of the finance team, you will contribute to the development of policies and procedures that uphold financial integrity. The department’s focus on innovative fiscal solutions plays a crucial role in shaping the future of public service in South Africa.
What You’ll Do
- Coordinate and review the financial supporting information necessary for planning purposes.
- Oversee the preparation of budgets, ensuring alignment with strategic plans and national spending priorities.
- Analyze financial information for business and project planning, making recommendations based on findings.
- Supervise the management accounting reporting processes, evaluating monthly reports for discrepancies.
- Compile data for interim and annual performance reports, ensuring accuracy and compliance with regulations.
- Provide guidance on forecasting methods and tools to enhance financial management practices.
- Manage operational processes and personnel within the management accounting functions, addressing training needs as necessary.
What You’ll Need
- A Grade 12/Matric certificate.
- A recognized National Diploma (NQF6) in Financial Management or a related qualification.
- 3-5 years of experience in a financial management environment, with supervisory experience.
- Proficiency in Microsoft Office.
- Knowledge of relevant legislation including the PFMA and Treasury Regulations.
- A valid driver’s license is essential.
- Strong analytical skills and the ability to interpret complex financial data.
How to Apply
Apply online at the application instructions below.
Requirements
Grade 12/ Matric.Recognized National Diploma (NQF6) in Financial Management or related qualification,3-5 years’ experience in Financial Management environment with supervisory experience, Proficient in Microsoft Office, Knowledge of PSET and CET Act, Knowledge and understanding 98 PFMA, Knowledge and understanding Treasury Regulations.
Knowledge of Skills Development Act, Public Service Regulations and Public Service Act, Labour Relations Act.
Knowledge of the National Student Financial Act Scheme and related legislation, Knowledge and financial management systems, Valid driver’s license.
Competencies: Knowledge of PSET and CET Act.
, Knowledge and understanding PFMA, Knowledge and understanding Treasury Regulations, Knowledge of Skills Development Act, Public Service Regulations and Public Service Act Labour Relations Act.
Job Duties
Planning -Coordinate, review, analyze and quality assure the financial supporting information for planning purposes, Coordinate and review the necessary financial supporting documents required for the strategic and annual performance planning process.Analyze and quality assures the relevant financial information required in the evaluation and development of business and project plans.
Check and verify the supporting information for various financial planning processes.
Budgeting -Coordinate, review, analyze and quality assure the budget, preparation process.
Coordinate the preparation and consultation for the MTEF budget process.
Analyze, interpret and implement the treasury guideline for the estimates of national expenditure (ENE) , Develop template for the collection of budget information from line functionaries.
Align budget statements with the annual performance plan, strategic plan national and provincial spending priorities.
Analyze and interpret the requirements for the monthly cash flow and adjusted cash flow as prescribed by Treasury and recommend corrective action where required.
Undertake the planning and supervise the preparation and consultation process in the implementation of the adjustments estimates process.
Assess where shifting of funds/virements is required and possible by reviewing expenditure against budget and make recommendations.
Supervise the recording of adjustments and provide feedback to the relevant components.
Provide information for the preparation of the annual financial statements.
Monitor that all shifts/virements are included in the adjusted budget.
Analyze requests for rollovers and make recommendations in compliance with prescripts (including funds committed but not spent) Reporting Coordinate, review, analyze and quality assure the management accounting reporting processes.
, Evaluate information on monthly reports produced (variance between actual versus budgeted expenditure) and recommended appropriate actions where necessary.
Monitor that all shifts/virements are included in the In Year Monitoring Report.
, Provide advice and guidance to role players on the use of forecasting methods and tools.
Compile information for the interim and annual performance reports.
Manage the operational processes, resources and procedures, associated with the management accounting functions.
Develop and review departmental policies and procedures applicable to management accounting (planning and budgeting).
Allocate duties to personnel, monitoring outcomes and instituting the necessary corrective measures to address deviations from standards.
Determine workflow requirements.
Monitor performance of employees and determine training needs.
Control leave and related personnel matters, applying laid down.
Human Resources procedures.
