About the Role
The Department of Treasury is looking for a dedicated State Accountant specializing in Cash and Revenue Management to join its team at the Head Office in Qonce. This role is essential for ensuring the accurate collection and deposit of revenue, which plays a vital part in the financial health of our public service. By managing revenue effectively, you will contribute to the quality of services provided to the community and support the overall mission of the government to enhance the lives of South Africans.
In this position, you will be responsible for verifying revenue collection documentation, ensuring compliance with the Public Finance Management Act (PFMA), and maintaining accurate financial records. Your work will directly impact the efficiency of cash management processes and help the department make informed decisions regarding its financial resources, ultimately benefiting residents in Qonce and beyond.
About the Department
The Department of Treasury is committed to sound financial management and transparency in public service. Its mandate involves overseeing the allocation and management of financial resources to ensure that public funds are utilized effectively and responsibly. By working in this department, you will play a crucial role in upholding the integrity of South Africa’s financial systems and contribute to a stable economy that supports sustainable development.
What You’ll Do
- Ensure the accurate collection and timely deposit of departmental revenue.
- Verify the completeness of revenue collection documentation and ensure compliance with relevant regulations.
- Record and capture revenue transactions in financial management systems.
- Monitor outstanding revenue and follow up on unpaid amounts to improve collection rates.
- Prepare cash flow forecasts and monitor daily cash balances.
- Conduct daily, weekly, and monthly cash reconciliations to ensure accuracy.
- Liaise with stakeholders regarding cash flow requirements and identify potential risks.
- Compile reports on revenue generated from various sources and assist with audits.
What You’ll Need
- National Senior Certificate plus a National Diploma (NQF Level 6) or B. Degree (NQF Level 7) in Accounting, Financial Management, or related fields.
- 1 to 2 years of experience in public sector expenditure management or revenue management.
- Knowledge of financial systems such as LOGIS, PERSAL, and BAS.
- Understanding of Public Finance Management Act (PFMA) and related regulations.
- Proficient in Advanced Excel and PowerPoint with good report writing skills.
- A valid driving license (Code 8) and sound organizational skills.
How to Apply
Please submit your application before the closing date as late applications will not be considered.
Requirements
National Senior Certificate plus a National Diploma (NQF Level 6) or B.Degree (NQF level 7 as recognised by SAQA) in Accounting/ Cost & Management Accounting/ Financial Management/ Internal Audit qualifications with at least 1 to 2 years’ experience within the public sector expenditure management field and payment of employee benefits.
Public sector finances experience in budgeting and revenue management will be added advantage.
Knowledge of financial systems (LOGIS, PERSAL and BAS) and be able to interpret NERF and Standard Chart of Accounts (SCoA).
Knowledge of Public Service Regulations, Legislations / policies / prescripts, and procedures.
Knowledge of Treasury Regulations and Division of Revenue Act (DORA), understanding of the Public Finance Management Act (PFMA) and Appropriation Act.
Preferential Procurement Policy Framework Act (PPPFA), Financial Regulations Knowledge of Batho Pele principles.
Computer literacy specializing in Advanced EXCEL and PowerPoint Presentation.
Good communication and report writing skills.
Sound organisational skills.
People management.
Customer / client orientated approach and ability to work under pressure and independently.
A valid driving licence (Code 8) is required.
Job Duties
Ensure Collection and Deposit of Revenue.Receive and account for all revenue collected by the department.
Verify the accuracy and completeness of revenue collection documentation.
Ensure that all revenue is deposited into the relevant bank account within prescribed timeframes.
Capture and record revenue transactions on the relevant financial management systems.
Monitor outstanding revenue and follow up on unpaid amounts.
Ensure compliance with the Public Finance Management Act (PFMA), Treasury Regulations and departmental policies relating to revenue collection.
Maintain proper records and support documentation for all revenue transactions.
Identify and classify departmental revenue sources in accordance with applicable legislation.
Monitor revenue trends and analyse revenue generated from various sources.
Verify that all revenue received is correctly allocated to the appropriate revenue codes.
Assist in identifying opportunities to improve revenue collection processes.
Compile reports on revenue generated from different revenue streams.
Ensure accurate recording and reporting of departmental revenue.
Render cash flow Management.
Monitor daily cash balances and cash movements.
Prepare cash flow forecasts and projections.
Monitor cash availability to ensure operational requirements are met.
Compile periodic cash flow reports for management.
Liaise with relevant stakeholders regarding cash flow requirements.
Identify potential cash flow risks and recommend corrective measures.
Ensure effective management of cash resources in accordance with Treasury guidelines Render Cash Reconciliation.
Perform daily, weekly and monthly cash reconciliations.
Reconcile bank statements with departmental financial records.
Investigate and resolve cash and banking discrepancies.
Reconcile suspense accounts and outstanding transactions.
Maintain complete reconciliation records and audit trails.
Prepare reconciliation reports for management review.
Assist with internal and external audit requests relating to cash and revenue transactions.
