About the Role
The Department of Employment and Labour is seeking a skilled Financial Analyst to join its dedicated team in Pretoria. This critical role focuses on performing financial analysis for the Jobs Fund, a key initiative aimed at enhancing employment creation across South Africa. By ensuring adherence to financial governance and contractual obligations, the Financial Analyst will directly contribute to the nation’s economic growth and the wellbeing of its communities. This position not only supports the implementation of vital projects but also plays a significant role in shaping the future of employment opportunities within the country.
In Pretoria, where policies meet practice, the Financial Analyst will engage with various stakeholders to appraise investment proposals and monitor project compliance. The successful candidate will be responsible for a range of tasks that ensure the Jobs Fund operates efficiently and effectively, ultimately aiming to create sustainable job opportunities for South Africans. This role is essential for maintaining the integrity of financial operations within the public service sector, making it a rewarding opportunity for those committed to positively impacting their community.
About the Department
The Department of Employment and Labour is tasked with promoting and ensuring the rights and wellbeing of workers in South Africa. It operates under a mandate to enhance employment opportunities and foster a fair working environment for all citizens. Being part of this department means contributing to meaningful initiatives that empower individuals and support economic stability across the nation. Working here is not just a job; it’s a chance to be part of a larger mission that prioritizes human dignity and economic development.
What You’ll Do
- Perform financial analysis on Jobs Fund projects to ensure compliance with contractual obligations.
- Review policies and recommend actions for alignment with accounting standards.
- Assist staff in interpreting laws and regulations relevant to financial governance.
- Conduct due diligence on new investment proposals and assess financial models.
- Prepare and submit appraisal reports and disbursement requests for projects.
- Monitor project progress post-investment and ensure compliance with funding guidelines.
- Coordinate with team members to review financial forecasts and trends for improvement.
What You’ll Need
- Bachelor’s Degree or Advanced Diploma/BTech in Finance, Project Finance, Economics, or related field; a postgraduate qualification is advantageous.
- Minimum of 4 years post-training/internship experience in finance.
- Strong client service orientation and effective communication skills.
- Problem-solving abilities and a thorough understanding of financial analysis.
- Knowledge of development financing, public finance economics, and grant management.
- Proficiency in financial modelling and familiarity with project management principles.
- Ability to manage team dynamics and promote a culture of efficiency.
How to Apply
Please submit your application before the closing date as late applications will not be considered.
Looking for more South African government jobs? Browse the latest vacancies on JobsSouthAfrica.co.za. If you are applying for the first time, read our Complete Guide to Applying for Government Jobs in South Africa, covering the Z83 form, certified copies, CV format, interview tips and more.
Requirements
Bachelor Degree / Advanced Diploma/ BTech Degree (NQF 7) in Finance, Project Finance or Economics or a related field.A postgraduate qualification in Finance would be advantageous.
Minimum 4 years post-training/internship experience.
Experience in the public sector would be advantageous.
Competencies required: Client Service Orientation: The ability to interact with and respond to internal and external client needs and expectations in a manner that puts into practice the Batho Pele spirit and meets and exceeds service delivery standards, with priority given to client satisfaction.
Concern for Quality and Order: The desire to see things done logically, clearly and well.
It takes various forms: monitoring and checking work and information, insisting on the clarity of roles and duties, and setting up and maintaining information systems.
Effective Communication: The ability to transmit and receive information clearly and communicate effectively with others by considering their points of view to respond appropriately.
This may involve listening, interpreting, formulating and delivering verbal, non-verbal, written, and/or electronic messages.
It includes the ability to convey ideas and information in a way that brings understanding to the target audience.
Emotional Intelligence: The capacity for recognising their own feelings and those of others, for motivating oneself and others as a result of this awareness, and for managing emotions within oneself and in 28 others.
Integrity/Honesty: Contributes to maintaining the integrity of the organisation; displays high standards of ethical conduct and understands the impact of violating these standards on an organisation, self, and others; is trustworthy.
Problem Solving and Analysis: The ability to understand a situation, issue, problem, etc.
, by breaking it into smaller pieces, or tracing the implications of a situation in a step-by-step way.
It includes organising the parts of a problem, situation, etc.
, systematically; making systematic comparisons of different features or aspects; setting priorities on a rational basis; and identifying time sequences, causal relationships, or if-then relationships.
Create timely and well-developed solutions by examining alternatives, risks and consequences.
Resources Planning: Organises work, sets priorities and determines resource requirements; determines short- or long-term goals and strategies to achieve them; coordinates with other organisations or parts of the organisation to accomplish goals; monitors progress and evaluates outcomes.
Team Participation: The ability to work cooperatively with others, to work together as opposed to working separately or competitively.
Valuing Diversity: The ability to understand and respect the practices, customs, values and norms of other individuals, groups and cultures.
It goes beyond what is required by governmental employment equity regulations to include the ability to respect and value different points of view and to be open to others of different backgrounds or perspectives.
It includes seeing others' differences as a positive part of the work environment.
It also means being able to work well with a wide variety of people representing different backgrounds, cultures and socio-economic levels.
Vision and Purpose: Modelling and promoting high personal and professional standards that support the organisation's vision, mandate and values.
Sharing goals, objectives and ideas to encourage others to commit to and be enthusiastic about realising the vision.
Computer Literacy: Knowledge and ability to use computers and technology efficiently.
Refers to the comfort level someone has with using computer programs and other applications associated with computers (MS Office, Internet, email).
Includes the ability to learn new applications associated with the business.
Development Financing: Knowledge of development financing approaches and methods, including the financing of long-term projects and public services based upon a non-recourse or limited recourse financial structure, in which project debt and equity used to finance the project are paid back from the cash flow generated by the project.
Economic Development: Knowledge of South African economic development policies and programmes with a specific focus on approaches and methodologies to labour markets and active labour market policies, with an emphasis on youth employment.
Financial Analysis: Knowledge of financial data analysis, including the ability to collect and monitor data, conduct financial modelling, analyse results, monitor variances, identify trends, recommend actions and assist with annual and quarterly forecasting.
This further includes knowledge of types of agreements/contracts typically used in non/limited recourse finance.
Government Knowledge: Knowledge of the tiers and sectors of government and inter-governmental relationships, and the economic and social development priorities and programmes of national, provincial and local governments.
Grant Management: Knowledge of grant funding (non-repayable funds) approaches and methods and the regulatory environment governing the management of public funds.
This includes knowledge of the South African grant funding reforms initiative and grant management systems.
Internal Control/Audit: Knowledge of how to evaluate control systems for financial, administrative, programme, and operational activities to provide reasonable assurances that obligations, costs and disbursements comply with applicable regulations and laws, that property is funded, and assets are safeguarded; and that revenues and expenditures applicable to operations are properly recorded and accounted.
Labour Markets: Knowledge of how labour markets work and the current active labour market policy interventions, with a focus on youth employment.
Legislative Knowledge: Knowledge of the regulatory environment and processes regarding the implementation of policies, legislation and service delivery programmes, and knowledge of the PFMA and NT regulations pertaining to the Jobs Fund.
Project Management: Knowledge of project management principles, methods, or tools for appraising, conceptualising, structuring, scheduling, coordinating, and managing projects and resources, including monitoring, evaluating and reporting on project impact, costs, work, and contractor performance.
Public Finance Economics: Knowledge of the field of economics that studies government activities and the alternative means of financing them.
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Job Duties
The purpose of this role is to perform financial analysis on Jobs Fund (JF) projects, with specific focus on the National Pathway Manager's contractual obligations and financial governance requirements.The role supports activities that contribute directly to enhanced employment creation in South Africa.
Jobs Fund Regulatory Framework: Prepare and maintain mandated documents as required.
Review Jobs Fund (JF) policies for alignment with accounting standards and provide explanations on processes and techniques and recommend actions.
Assist Jobs Fund staff in interpreting laws, rules, and regulations, and clarifying procedures.
Assist the JF in the management and interpretation of the Auditing regulations and procedures.
Jobs Fund Applications and Investment Opportunities Appraisals: Appraise new investment proposals (due diligence) and opportunities in relation to the annual contracting process with the National Pathway Manager.
Conduct a financial appraisal of the application, which includes analysing the proposed financial model.
Utilise and Quality Assure the Activity Based Costing Project Implementation Monitoring Plan (ABC PIMP) to capture and review the Application proposals.
Determine optimal funding allocations including establishing standard costs across models and collecting operational data on models.
Conduct commercial analysis, financial modelling and analysis, risk analysis and institutional analysis.
Prepare appraisal reports for submission.
Review proposed contracts for adherence to Jobs Fund policy, existing laws and regulations.
Negotiate project appraisal documents.
Jobs Fund Portfolio of Investment Analysis: Analyse investment project reports and corporate financials.
Examine accounting data for accuracy, appropriateness and documentation.
Compare and analyse actual results with plans and forecasts to identify financial status and monitor variances.
Audit documents submitted for payment and verify compliance with Jobs Fund guidelines.
Identify, report and ensure resolution of non-compliance issues and project risks.
Prepare disbursement request reports for consideration.
Monitor and check approved disbursements to projects.
Monitor and report on project progress post- investment.
Prepare and submit surplus memos for implementation projects.
Jobs Fund Performance and Reporting: Coordinate with other members of the JF to review financial information and forecasts.
Analyse current and past financial data and performance, identify trends in financial performance and provide recommendations for improvement.
Provide information and technical support in the development and revision of policies and regulations.
Assist with the compilation of data, financial reports and interpretation of legislated financial reporting requirements and regulations.
Review and verify statistical and financial information and prepare financial reports as requested.
Analyse and interpret data, conduct comparative analyses and recommend actions.
Jobs Fund Support: Liaise with implementing stakeholders and promote a culture of adherence towards efficiency and achievement of value for money.
Promote knowledge management through research and publication of papers.
Maintain communication with staff regarding financial matters.
Manage team dynamics in order to meet the Fund's objectives.
Assist with the development and maintenance of financial models and forecasting methodologies and tools.
