About the Role
The Department of Finance is seeking a dedicated and experienced professional for the role of Director: Financial Accounting and Administration, based in the vibrant city of Johannesburg at Umnotho House. This role is crucial in ensuring the financial integrity of the public service, as it involves monitoring revenue collection and expenditure, managing payments, and preparing financial statements that comply with legislative requirements. By stepping into this position, you will play an instrumental role in upholding the financial health of government operations, thereby positively impacting the community and contributing to transparent governance.
In this pivotal role, you will engage with various stakeholders, ensuring compliance with financial regulations while fostering relationships with creditors and managing key financial processes. Your expertise will help streamline financial operations, ensuring that public funds are managed responsibly and efficiently. By joining the Department of Finance, you will not only advance your career but also be part of a team committed to enhancing public service delivery in South Africa.
About the Department
The Department of Finance is dedicated to promoting sound financial governance and management across all levels of government. Its mandate includes ensuring compliance with the Public Finance Management Act (PFMA) and other financial regulations, thereby safeguarding public resources and promoting accountability. Working within this department means contributing to the financial stability and sustainability of government operations, ensuring that funds are allocated effectively to serve the needs of the community.
What You’ll Do
- Monitor and report on revenue collection and expenditure.
- Manage payments for compensation, goods, services, and subsidies.
- Verify the accuracy of journal allocations, payments, and receipts.
- Oversee petty cash management and compliance with Treasury Regulations.
- Lead the reconciliation of general ledger accounts with trial balances.
- Administer supplier accounts and manage creditor relationships.
- Ensure timely processing of invoice payments in accordance with regulations.
- Provide technical financial advice to stakeholders.
- Prepare and submit annual and interim financial statements to relevant authorities.
- Analyze monthly and quarterly financial information for accurate reporting.
- Maintain the Standard Chart of Accounts and oversee system closures.
- Manage the directorate risk register and report on risk mitigation progress.
- Perform strategic and operational planning while managing stakeholder relationships.
- Supervise staff development and financial management functions.
What You’ll Need
- Grade 12 and a Bachelor’s degree (NQF Level 7) in Financial Accounting, Financial Management, or Public Finance.
- Nyukela Certificate for entry into the Senior Management Service (SMS) from the National School of Government.
- A minimum of five years’ experience at middle or senior managerial level in Financial Accounting and Administration.
- Comprehensive knowledge of PFMA, Treasury Regulations, GRAP, and public sector financial reporting.
- Valid Code 08/10 driver’s license is essential.
How to Apply
Please submit your application before the closing date as late applications will not be considered.
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Requirements
Grade 12.Bachelor's degree (NQF Level 7) or equivalent qualification in Financial Accounting, Financial Management or Public Finance, as recognised by SAQA.
Nyukela Certificate for entry into the Senior Management Service (SMS) from the National School of Government.
A minimum of five (5) years' experience at middle/senior managerial level in a Financial Accounting and Administration environment.
Extensive knowledge of PFMA, Treasury Regulations, Modified Cash Standards, GRAP, BAS, PERSAL, SCOA and public sector financial reporting.
Code 08/10 driver’s license is essential.
Job Duties
Monitor revenue collected, expenditure incurred and submit reports and plans as required.Manage the payment of compensation of employees, goods and services, transfers, subsidies and report thereof.
Verify the correctness of the allocation of journals, payments and receipts.
Manage the reconciliation and clearing of control accounts.
Manage and oversee petty cash and cash management in terms of PFMA and Treasury Regulations requirements.
Lead the reconciliation of general ledger accounts with the trial balance.
Manage the administration of suppliers' accounts and general claims.
Foster and manage relations with creditors.
Lead payments of orders.
Administer sundry payments.
Manage the reconciliation of creditors and debtors, including inter- departmental claims.
Monitor and manage bank reconciliations.
Monitor compliance with financial prescripts and ensure that invoice payments are processed within 10, 15 and 30 days in line with Treasury Regulations.
Manage the provision of technical advice to all stakeholders to ensure accurate financial statement disclosure.
Manage the preparation of GDED and GLB annual and interim financial statements in accordance with applicable legislation.
Manage the submission of the annual and interim financial statements to Treasury, the Auditor-General and other stakeholders.
Oversee the analysis of monthly and quarterly financial information and ensure accurate financial reporting to 159 various stakeholders.
Maintain the Standard Chart of Accounts (SCOA).
Supervise monthly and year-end systems closures.
Manage the reconciliation of general ledger balances against the trial balance.
Manage the reconciliation between BAS and SAP systems.
Review the GLB revenue database and revenue reconciliations.
Manage the directorate risk register.
Provide monthly and quarterly reports on progress towards mitigation of risks.
Identify and develop emerging risks.
Perform strategic and operational planning.
Manage stakeholder relationships.
Oversee the administrative support functions.
Perform people management functions.
Manage, monitor and encourage skills development among staff in the unit.
Perform financial management functions.
