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CENTRAL ENERGY FUND (CEF) - SENIOR FINANCIAL ACCOUNTANT-REVENUE AND EXPENDITURE MANAGEMENT (PERMANENT)
CENTRAL ENERGY FUND (CEF)
SENIOR FINANCIAL ACCOUNTANT-REVENUE AND EXPENDITURE MANAGEMENT (PERMANENT)
CEF SOC
CEF is a Schedule 2 state owned diversified energy company reporting to the Department of Mineral Resources and Energy. The Mandate of CEF is to contribute to the security of energy supply of South Africa and the Region through exploration, acquisition, development, marketing and strategic partnership. It is derived from the CEF Act (No 38 of 1977) and the Ministerial directives issued thereafter.
JOB PURPOSE
To do revenue and expenditure management and provide administrative and accounting support to the CEF group which includes but is not limited to preparation of financial reports, performing day-to-day transactional accounting functions, maintaining the asset register, managing petty cash and managing travel and expense claims.
REQUIRED MINIMUM QUALIFICATIONS AND EXPERIENCE
B Com (Financial Accounting)
Post Graduate Degree will be an added advantage
10 years’ experience in expenditure management, revenue management, reporting and bookkeeping.
DESIRED ADDITIONAL SKILLS/ COMPETENCIES
Knowledge of financial accounting legislation and directives that regulates Public Sector financial management| Ability to interpret and apply accounting standards |Ability to interact at different managerial level |Negotiations skills |Ability to work with different teams |Ability to work under pressure| Ability to coordinate complex exercises |Ability to manage people and work flow |Problem Solving skills |Reporting skills |Attention to details |Analytical skills |Time management skills
REQUIRED MINIMUM QUALIFICATIONS AND EXPERIENCE
B Com (Financial Accounting)
Post Graduate Degree will be an added advantage
10 years’ experience in expenditure management, revenue management, reporting and bookkeeping.
DESIRED ADDITIONAL SKILLS/ COMPETENCIES
Knowledge of financial accounting legislation and directives that regulates Public Sector financial management| Ability to interpret and apply accounting standards |Ability to interact at different managerial level |Negotiations skills |Ability to work with different teams |Ability to work under pressure| Ability to coordinate complex exercises |Ability to manage people and work flow |Problem Solving skills |Reporting skills |Attention to details |Analytical skills |Time management skills
KEY PERFORMANCE INDICATORS
Financial reporting
Prepare monthly trial balance and review monthly reconciliations
Provide support in the preparation of Annual Financial Statements
Provide expenditure and revenue reports for the purpose of preparation of financial reports
Revenue Management
Develop and maintain the SLAs between CEF SOC and entities receiving services from
Negotiate terms of the SLAs and propose reviews of SLAs taking into account changes in the factors affecting the revenue environment
Recover the revenues due to CEF SOC, follow-up on overdue revenue, initiate discussions to make arrangements for overdue revenue and ensure that the interests are charged on overdue revenue in terms of the SLA – Implement the SLAs
Manage CEF SOC loan accounts and facilitate reviews of repayment terms with relevant parties
Audit process facilitation
Submission of information to internal and external audit; and ensure timeous submission of required information
Review responses to audit findings and interact with management regarding proposed changes to the audit findings
Participate in regular meetings with the Internal Audit Manager and External Auditors and provide progress report on audit
Facilitate meetings between management and auditors on matters specific to units that require further intervention
Provide audit progress to management and report audit matters that require escalation
Transactional Accounting Functions
Provide guidance and oversight of the day-to-day transactional functions performed by Accountants, encompassing the following:
- expenditure management
- management of ledger accounts - preparation and posting of journals
- verification of assets
- passing of new entries
- technical accounting matters
Review drafts for motivations and finalise for submission to the Group Finance Manager for approval
Authorise invoices and ensure that supporting documentation is attached to the invoices
Manage loans and facilitate review of loan repayment terms – between CEF SOC and lenders including entities that received loans from CEF SOC
Monitor the timeous payment of creditors and attend to those outstanding payments that have been escalated
Ensure payment of suppliers in accordance with Treasury Regulations
Stakeholder Management
Manage external and internal stakeholder relationships such as the Department of Mineral Resources and Energy, National Treasury, Banks, AGSA, SARS, Suppliers and Internal audit.
Act in an advisory capacity to management on expenditure and revenue management issues across the business
People Management
Manage the administration of staff i.e. leave approval and travel expense approval
Conduct quarterly performance reviews of subordinates and attend to areas of non-performance
Identify training and development opportunities for subordinates
Provide coaching and mentorship to subordinates on financial management issues
Participate in the recruitment of staff members
Supervise outputs to ensure the turnaround times of the unit are met
Thought leadership and financial advisor
Research new/best practices in expenditure and revenue management
Lead awareness workshop
Research /develop new financial management techniques
Advice business on expenditure and revenue management transaction
Advice business on the impact of changes in loan agreements and SLA
Closing Date: 30th January 2023
Please submit a detail Curriculum Vitae to SeniorFinAccRME@cefgroup.co.za