About the Role
The Department of Finance is seeking a skilled Director: Finance to join its Durban Regional Office. This pivotal role plays a significant part in ensuring that financial guidelines and policies are effectively implemented and adhered to throughout the region. The successful candidate will oversee not only the management of budgets and financial reporting but also the enhancement of financial processes that benefit the community and public service in KwaZulu-Natal.
This position is paramount in fostering financial accountability and transparency within the public sector. By managing the allocation of budgets and ensuring compliance with applicable policies, the Director: Finance will help to uphold the integrity of financial practices, thus contributing to the economic stability and growth of the region.
About the Department
The Department of Finance operates with the mandate of overseeing financial management and accountability across government functions. It is committed to promoting sound financial practices and ensuring that public resources are utilized effectively and efficiently. Working within this department means being part of a team that strives to enhance governance and contribute to the overall welfare of South African citizens through responsible fiscal management.
What You’ll Do
- Manage the implementation and monitoring of financial guidelines, processes, and strategies.
- Conduct research on developments in financial regulations and standards.
- Identify financial trends and recommend improvements to enhance business processes.
- Oversee the regional budget management, including allocation and monitoring of funds.
- Ensure compliance with financial policies and directives from National Treasury.
- Manage financial accounting services, including accounts payable and receivable.
- Produce accurate financial statements and reports in a timely manner.
- Coordinate property payments and maintain the Property Asset Register.
- Implement measures to improve audit outcomes and prevent irregular expenditure.
- Develop and manage the operational plan of the directorate and monitor progress.
What You’ll Need
- A minimum qualification at NQF level 7 in Financial Accounting, Financial Management, Auditing, or a related field.
- At least 5 years of experience in middle or senior management roles, focusing on Accrual Based Accounting Principles.
- Extensive knowledge of the Public Finance Management Act, National Treasury regulations, and financial prescripts.
- Strong skills in planning, organizing, problem-solving, and report writing.
- Excellent interpersonal and communication skills, with the ability to engage effectively at all levels.
- Proficient analytical thinking skills and the ability to work under specific timeframes.
How to Apply
Email Applications for the position of Director: Finance must be submitted to the designated recruitment address below.
Requirements
A minimum qualification at NQF level 7 as recognised by the South African Qualifications Authority (SAQA) in Financial Accounting/ Financial Management/Auditing or related field of study.A minimum 5 years of experience at a middle/senior managerial level in Accrual Based Accounting Principles.
Knowledge: Public Finance Management Act, Public Service Regulations, National Treasury regulations, guidelines and directives (MTEF, ENE), preferential procurement policy, Government supply chain management framework, Government Budget systems and procedures, Government Financial Systems and Financial prescripts (GAAP and GRAP).
Skills: Planning and organizing, Problem solving, Interpersonal and diplomacy, Ability to conduct research and gathering of information, Ability to work on specific timeframes, Report writing, Management skills, Numeric skills, Ability to communicate at all levels and Analytical thinking.
Job Duties
Manage the implementation and monitoring of financial guidelines, processes, standards and strategies- Undertake research on the latest developments in professional guidelines, legislations and standards.Identify financial trends and opportunities for businesses processes improvement.
Make recommendations for changes and improvements to existing financial guidelines, standards, policies and procedures.
Manage the implementation of financial guidelines, standards, policies, procedures and strategies and related treasury prescripts.
Ensure the development and implementation of support tools.
Provide advice and guidance in various fora in relation to the financial guidelines.
Monitor the implementation and ensure compliance with applicable policies and Directives.
Ensure the implementation of sound effective and efficient internal control system.
Manage the budget and planning function for the region-: Undertake detailed researches on matters pertaining to budget management.
Manage the collation of budget inputs for budget planning and control.
Analyse inputs related to Medium Term Expenditure Framework.
Monitor fund transfers from National Treasury.
Manage allocation of budgets according to components and financial years.
Undertake quarterly reviews on the management of budget allocated to components.
Ensure that Regional expenditure is in accordance with its budget allocations.
Ensure that operational plans are aligned to the budget and strategic objectives.
Regularly report on budget and cash-flow.
Manage financial accounting and reporting services for the region: Manage account receivable and accounts payable.
Manage and coordinate the compilation of financial statements (interim and annual).
Manage bookkeeping and financial accounting services.
Ensure the accuracy of allocation journals, receipts and payments.
Manage the verification of payment interfaces.
Ensure the timely reconciliation and clearing of control accounts.
Ensure that invoice payments within the region are processed within 30 days in line with Treasury Regulations.
Oversee timely production of reports.
Implement a dashboard for tracking and resolution of queries from suppliers.
Manage property payments and revenues-: Ensure effective implementation of the property expenditure management system.
Manage property revenues; Ensure effectiveness of the Property Asset Register.
Manage the authorisation of creditors’ payments and customer master file.
Manage litigation and/or arbitration related to property payments and revenue.
Maintain a sound financial governance and processes and ensure the implementation of measures for improving audit outcomes-: Prevent and detect the irregular expenditure, fruitless and wasteful expenditure and unauthorised expenditure.
Ensure that the register is updated with all reported cases of irregular expenditure, Fruitless expenditure, unauthorized expenditure, lost, stolen and damaged assets.
Monitor adherence to all internal policies and practices.
Review management report and implement audit plan.
Ensure regular progress report on the audit plan.
Ensure effective document control and safeguard of source documents.
Ensure that reconciliation, journals and payments are fully supported.
Ensure timeous and accurate response to the Auditor General.
Management of the Directorate-: Establish and maintain appropriate internal controls and reporting systems in order to meet performance expectations; Maintenance of discipline; Management of performance and development; Establish implement and maintain efficient and effective communication arrangements; Develop and manage the operational plan of the directorate and 110 report on progress as required; Compile and submit all required administrative reports; Serve on transverse task teams as required; Quality control of work delivered by employees; Monitor the budget and expenditures on Financial accounting directorate.
