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CITY POWER
 

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ERRATUM
VACANCY BULLETIN: 001/2024 REF 001
DESIGNATION: SENIOR FINANCIAL ANALYST
GROUP: FINANCE
DEPARTMENT: MANAGEMENT ACCOUNTING
REPORTING TO: SENIOR MANAGER BUDGETING & VARIANCE ANALYSIS
 
Appointment Minimum Requirements:
• National Diploma (NQF 6) in Financial Management/Financial Accounting/Management Accounting or Equivalent Finance Qualification.
• 3 years’ relevant experience in financial analysis and planning, reporting or similar role in the finance discipline.
Added Advantage:
• B. Com Degree (NQF 7) in Financial Management / Financial Accounting/Management Accounting or Equivalent Finance Qualification.
 
Primary Function: Through applied analysis, provide sound financial advice and wise recommendations to stakeholders on business alternatives, processes, procedures, transactions, and activities, with specific emphasis on short and long term planning, forecasting, financial reporting and ad-hoc financial services.
 
Key Responsibilities: Variance analysis and reporting of management information to General Manager: Management Accounting, Senior Manager: Budgeting and Variance Analysis for EXCO and Groups within City Power. Ensure reported information balances to the SAP financial system. Check the reasonability of reports, analysis and investigate obvious variances. Prepare periodic forecasts for the different groups and department. Ensure that corrective action is taken. Distribute and present reports to Groups and departments. Ensure that company financial resources are utilised efficiently to avoid irregular, fruitless and wasteful expenditure. Facilitate and coordinate the preparation of City Power Operating and Capital budget. Communicate budget guidelines to all groups and departments. Prepare the operating and capital budget template. Distribute templates to various groups. Analyse financial information and ensure accuracy and completeness. Load approved budget into SAP financial system in the format required. Completion of the budget templates from CoJ budget office- Programme budget, D-schedule, and E-schedule templates. Complete Municipal Standard Chart of Accounts (MSCOA) templates. Compile budget adjustments and subsequent years budget. Provide financial information to business for input into the Business Plan. Align budget to different KPI’s within the business. Complete and submit the financial information for the Technical Budget Steering Committee and Budget Steering Committee meetings. Maintain quality of information on SAP. Check cost center information on SAP daily. Analyse work orders report to check for open ones. Communicate to relevant official across the business to close the open work orders. Identify and correct misallocation in groups income and expenditure from SAP report to ensure correctness and completeness of the cost center and group financial information. Prepare and submit journals for signature and capturing. Provide support and advise to Group Executives, General Managers, Senior Managers and Managers on the financial affairs of their groups, divisions, and departments. Ensure that groups’ budget is in place on time. Ensure that groups OPEX and CAPEX reports are submitted on time. Advice groups on all OPEX and CAPEX related matters. Contribute to the continuous improvement of financial processes and systems.



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NB: The City Power application form must be completed and submitted with the application to the relevant email address provided for the specific position. Failure to complete and submit the form will disqualify the applicant for consideration. 
 
Note:
  • City Power is an Employment Equity Employer; therefore, preference for this position will be given to candidates whose appointment will enhance representation (especially Gender and Disability). 
  • If you do not hear from us within 2 months of the closing date, you may assume that your application was unsuccessful. 
  • Applicants must note that further checks will be conducted once they have been shortlisted and that their appointment will be subject to positive outcomes on these checks, which include qualification authentication, criminal records and previous employment. 
  • City Power reserves the right not to fill the position or to re-advertise it. Where applicable, candidates may be expected to undergo psychometric assessments. 
  • It is the applicant’s responsibility to have their foreign qualifications evaluated by the South African Qualifications Authority (SAQA) and to provide the evaluation results. 
  • Please include copies of your qualifications with your application. 
 
CLOSING DATE: 01 February 2024 @17h00
ENQUIRIES: 011 490 7687/ 7343/ 7099
TO APPLY EMAIL: recruitment.finance@citypower.co.za
BULLETIN: 001/2024 REF 001