CENTRAL ENERGY FUND (CEF) VACANCIES

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ERRATUM: SENIOR FINANCIAL ACCOUNTANT (Permanent) 
 
CEF SOC 
 
CEF (SOC) Ltd participates in the search for appropriate energy solutions to meet the energy needs of South Africa, The Southern African Development Community (SADC) and the sub-Saharan African region, focussing on clean energy options as well as fossil fuels as per the mandate from the Department of Energy. It also manages the operation and development of the oil and gas assets of the South African government including strategic crude oil assets and management. CEF controls entities with commercial and developmental roles, housed in eight operating subsidiaries. 
 
Required minimum qualifications and experience: 
 B - Com Accounting/Finance 
 Chartered Accountant (CA/SA) 
 Minimum of 3 years’ experience in Finance. 
 
Desired additional skills/ competencies 
 Extensive knowledge and understanding of IFRS and tax legislation 
 Demonstrated professionalism and discretion and experience in working with highly confidential information 
 Proficiency in Accounting Software 
 Ability to Prepare Consolidated Financial Statements 
 Must have the Ability to Analyse Data and do variance analysis 
 Must have excellent problem solving skills 
 Ability to work well under pressure and respond to tight deadlines. 
 Excellent verbal, presentation and business writing communication skills. 
 Must be a Critical thinker, self-starter and able to work with little or no supervision. 
 Ability to effectively communicate and collaborate with a diverse range of people 
 Excellent judgment in setting priorities and interacting with internal and external clients 
 Demonstrate ability to multi-task, respond to needs quickly and efficiently and prioritize work with a strong attention to detail and time management skills 
 
KEY PERFORMANCE INDICATORS 
Financial reporting 
 Prepare annual and monthly group management financial statements and reconciliations 
 Provide guidance to the subsidiaries on templates required in preparation of consolidated annual financial statements. 
 Assist with the preparation of the integrated report and presentations to stakeholders 
 
Tax submissions 
 Review and submission of tax returns (vat and income tax), SARS requests, tax recons and provide guidelines to accountants to avoid penalties 
 Coordinate the timeous preparation of tax calculations and tax rulings 
 
Audit process facilitation 
 Monitor that internal and external audit requests are communicated to the right people and that information has been provided timeously 
 Participate in regular meetings with the internal audit manager and external auditors to develop an action plan for pressing issues 
 Respond to audit findings and develop and monitor audit action plans 
 
Transactional accounting functions 
 Provide guidance and oversight of the day-to-day transactional functions performed by the accountants, encompassing the following: 
 Authorise invoices and ensure that supporting documentation is attached to the invoices 
 Develop policies and procedures relating to revenues, assets, liabilities and expenses. 
 Implement controls relating to revenue, expenditure, assets and liabilities 
 Monitor the timeous payment of creditors and attend to those outstanding payments that have been escalated 
 Sign-off on monthly reconciliations 
 Monitor the maintenance of the asset register 
 
Stakeholder management 
 Manage external stakeholder relationships such as with the department, national treasury, SARS and suppliers: 
 Manage relationships with internal stakeholders: 
 
Internal controls/financial controls 
 Identify risk relating to finance 
 Develop control to manage risk 
 Implement system to minimise risk and improve efficiency 
 Develop and review financial policies and procedures for the group aligned to the company strategy, and in accordance with the appropriate accounting standards 
 Facilitate the communication of financial policies and procedures across the group 
 Act as the group custodian of financial control policies and monitor adherence therein 
 Promote continuous improvement and compliance to financial policies and procedures 
 Monitor compliance to IFRS and national treasury reporting guidelines 
 
Technical support 
 Provide technical IFRS support and ensure full compliance with IFRS 
 Ensure that the company policies are technically up to date 
 Provide tax support and ensure full compliance with tax legislations 
 Write technical papers for transactions and projects in relation to IFRS, tax and companies act compliance 
 
Those who have previously applied should re-apply 
 
Closing Date: 14th September 2022 
 
Please submit a detail Curriculum Vitae to FinancialAccountant@cefgroup.co.za
 
 
 

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SENIOR INTERNAL AUDITOR - IT (PERMANENT) 
CEF SOC 
 
CEF (SOC) Ltd is involved in the search for appropriate energy solutions to meet the energy needs of South Africa, The Southern African Development Community (SADC) and the sub-Saharan African region, focussing on clean energy options as well as fossil fuels as per the mandate from the Department of Energy. It also manages the operation and development of the oil and gas assets of the South African government including strategic crude oil assets and management. CEF controls entities with commercial and developmental roles, housed in eight operating subsidiaries. 
 
RESPONSIBILITIES:
 Prepare individual audit plans on receipt of audit allocations from the Chief Internal Auditor 
 Draft audit objectives, scope, background and period of execution 
 Prepare planning memorandum 
 Communicate in advance to management that the audit will be taking place and participate in meetings with management to outline the scope of the audit 
 Develop an internal audit programme aligned to the scope agreed to with management 
 Plan audits in compliance with the Institute of Internal Auditors (llA) standards 
 Prepare audit working papers based on audit programme 
 Request information from management to execute the audit 
 Gather appropriate evidence to substantiate audit findings 
 Draft audit findings and submit to Chief Internal Auditor for review 
 Monitor the delivery of the audit in accordance with the time budget and communicate any audit overruns to the Chief Internal Auditor 
 Engage with management throughout the audit 
 Recommend corrective action and process and internal control improvements 
 Conduct the audit in accordance with the llA standards and Internal Audit Plan 
 Exercise a significant level of responsibility for the prov1s1on of accurate, professional and timely audit related services within CEF Group, including internal audit, risk and compliance management, internal control frameworks, systems and processes and business continuity management. 
 Provide expert advice, support and recommendations to management and staff on a range of complex internal audit, compliance, audit and risk management matters, in accordance with established government policies and procedures, legislative requirements and professional standards. 
 Undertake complex project work including initiating, planning, implementation and evaluation of internal audit, compliance and risk management functions and processes to improve their efficiency. 
 Contribute to the achievement of CEF Group objectives, goals and priorities, through the application of specialist compliance related knowledge, expertise and experience. 
 Prepare reports to document audit findings and submit to the CAE for approval 
 Provide feedback to process owners on outcome of audit 
 IT Audits and other audits, Experience IT audits with proficiency in Cobit and other IT related frameworks. 
 Proficiency on IT systems, Teammate 
 
QUALIFICATIONS AND EXPERIENCE 
 B Degree in Auditing or Accounting 
 Member of the Institute of Internal Auditors (llA) 
 Certified Information System Auditor (CISA) 
 3 to 5 years' experience in auditing 
 
Closing Date: 12TH September 2022 
 
Please submit a detailed Curriculum Vitae to InternalAuditorIT@cefgroup.co.za

ACCOUNTANT (Permanent) 
CEF SOC 
 
CEF (SOC) Ltd participates in the search for appropriate energy solutions to meet the energy needs of South Africa, The Southern African Development Community (SADC) and the sub-Saharan African region, focussing on clean energy options as well as fossil fuels as per the mandate from the Department of Energy. It also manages the operation and development of the oil and gas assets of the South African government including strategic crude oil assets and management. CEF controls entities with commercial and developmental roles, housed in eight operating subsidiaries. 
 
Required minimum qualifications and experience: 
 B degree in finance / accounting 
 2 years’ experience in financial management and reporting 
 
Desired additional skills/ competencies 
 Knowledge of IFRS and tax legislation 
 Proficiency in accounting software 
 Ability to prepare financial statements 
 Knowledge of general business practices 
 Ability to analyse data 
 Critical thinking skills 
 Accounting organizational skills 
 Time management skills 
 
KEY PERFORMANCE INDICATORS 
Receivables
 Raising invoices for recoveries, rentals, etc. For accounts receivables. 
 Issuing of invoices and statements to customers and following up on payment monthly. 
 Correctly accounting for VAT thereof and recording of the invoices in the accounts receivable ledger in terms of IFRS 
 Monthly and year end of the age analysis to ensure that payments are correctly recorded in the cashbook 
 
Payables
 Invoice capturing, payment allocations, expense allocation to correct GL accounts (cost centre) for accounts payable and correct classification of transactions in terms of IFRS 
 Correctly identify and record prepayments and intercompany recoveries 
 Ensure that VAT is correctly accounted for when capturing transactions 
 Preparing of creditors reconciliations and for payments to avoid fruitless and wasteful expenditure. 
 Electronic and manual supplier filing system and raising of purchase orders 
 
Fixed assets 
 Assisting with the bi-annual fixed assets count, barcoding, and reconciliations to the GRN 
 Accurately account for monthly depreciation 
 Correctly record input VAT on capital goods upon recording of fa in the general ledger. 
 
Cashbook
 Processing of cashbook transactions as per the bank statement on a bi-monthly basis 
 Correctly record input/output vat on transactions arising from the bank statement 
 Correctly classify transactions in terms of IFRS 
 
Treasury
 Assisting with month end processing of treasury transactions and money market 
 Preparing of daily cash required every day 
 
Tax submissions 
 Assist with calculations of the vat return, payments, provisional tax payments and tax comp 
 Preparation for review of monthly vat returns for CEF and its subsidiaries 
 Prepare monthly recons for review for CEF and subsidiaries 
 Prepare month-end journals for review for CEF and subsidiaries 
 Assist with ruling applications and tax papers 
 
Month-end close 
 Preparation and submission of quarterly inter-company confirmations, monthly fruitless wasteful schedule and month end recons 
 Overseeing the monthly payroll recons done by the payroll department 
 
Year end and audit process facilitation 
 Assist with year-end processing and reporting 
 Preparation of annual consolidated financial statements for the subsidiaries and holding company 
 Prepare the national treasury submission template 
 Respond to internal and external audit requests timeously 
 
Technical support 
 Provide technical IFRS support and ensure full compliance with IFRS 
 Ensure that the company policies are technically up to date 
 Provide tax support and ensure full compliance with tax legislations 
 Assist with technical papers for transactions and projects in relation to IFRS, tax and Companies Act compliance 
 
 
Closing Date: 8th September 2022 
 
Please submit a detail Curriculum Vitae to Accountant@cefgroup.co.za