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ROAD ACCIDENT FUND (RAF) - OFFICER: FINANCE SUPPORT:
ROAD ACCIDENT FUND (RAF)
OFFICER: FINANCE SUPPORT: T.A.S.K LEVEL 10 (12 MONTHS FIXED TERM CONTRACT)
- East London
- Temporary
- Full Time
- R434 656.00 per annum, negotiable.
- Internal employee, Non EE/AA, Disabled
Purpose of the Job
The Officer: Finance Support is responsible to provide regional support by administering claims payments and ensuring an effective system of claims payments function through continuous improvement and resolution of stakeholder queries.
Duties & Responsibilities
Management of claims payment process.
• Verify and approve payments in line with DOA by confirming the accuracy, validity, completeness, and existence of a payment by inspecting supporting documentation to confirm the following:
• Payee to the trigger and supporting documents (per above).
• Banking details to both the trigger document and any supporting documents.
• Amounts through verification of supporting documents.
• Payment is not a duplicate by ensuring the financial enquiry reports is attached to the EA as supporting documents payment.
• Elimination of duplicate payments through implementation of effective internal controls
• Attend to and resolve queries timeously
• Maintain and develop good relations with claimants, attorneys, firms, and colleagues.
Financial Management
• Implementation of and adherence to financial management principles to ensure valid, accurate and complete processing of Claims payments
• Appropriate implementation of and adherence to applicable Policies and procedures
• Interrogate supporting payment documents for accuracy, validity, and completeness
• Continuous improvement in internal controls in respect of claims Payment Approval process
• Check completeness and accuracy of batch reports.
Reporting
• Assist in the preparation and submission of reports.
• Contribute to the development of functional reporting systems, for management, project, or performance
reporting.
Monitoring and Evaluation.
• Adhere to the effectiveness in terms of service delivery of claims payment function.
• Report on non-compliance to the RAF claims payments, processes, and procedures.
• Deal with queries and ensure that they are all resolved timeously.
General Administration
• Identify training and development needs for self
• Compliance with company policies and procedures
• Assist in inducting new employees into the division
• Ensure that all administrative functions related to the role are executed.
Stakeholder Relations
• Assist with inquiries and requests for information from both internal and external stakeholders.
• Contribute to the maintenance of relationships with vendors, service providers or procurement teams and
ensure that all relevant procured items are invoiced and paid on time.
Desired Experience & Qualification
Qualifications and Experience
• Bachelor’s Degree in Commerce/Financial Accounting/Accounting related qualification.
• Relevant 3 years’ experience in a financial environment.
Technical and Behavioral competencies required
• Knowledge of financial software Packages and SAP.
• Ms Office package.
• Knowledge of cash and bank management.
• Knowledge of PFMA and accounting principle.
• Knowledge of public sector finance
• Knowledge of corporate governance
• Strong analytical capabilities.
• Speed and accuracy.
• Planning, Organising and Coordinating
• Personal mastery
• Judgement and Decision Making
• Ethics and Values
• Client Service Orientation
Duties & Responsibilities
Management of claims payment process.
• Verify and approve payments in line with DOA by confirming the accuracy, validity, completeness, and existence of a payment by inspecting supporting documentation to confirm the following:
• Payee to the trigger and supporting documents (per above).
• Banking details to both the trigger document and any supporting documents.
• Amounts through verification of supporting documents.
• Payment is not a duplicate by ensuring the financial enquiry reports is attached to the EA as supporting documents payment.
• Elimination of duplicate payments through implementation of effective internal controls
• Attend to and resolve queries timeously
• Maintain and develop good relations with claimants, attorneys, firms, and colleagues.
Financial Management
• Implementation of and adherence to financial management principles to ensure valid, accurate and complete processing of Claims payments
• Appropriate implementation of and adherence to applicable Policies and procedures
• Interrogate supporting payment documents for accuracy, validity, and completeness
• Continuous improvement in internal controls in respect of claims Payment Approval process
• Check completeness and accuracy of batch reports.
Reporting
• Assist in the preparation and submission of reports.
• Contribute to the development of functional reporting systems, for management, project, or performance
reporting.
Monitoring and Evaluation.
• Adhere to the effectiveness in terms of service delivery of claims payment function.
• Report on non-compliance to the RAF claims payments, processes, and procedures.
• Deal with queries and ensure that they are all resolved timeously.
General Administration
• Identify training and development needs for self
• Compliance with company policies and procedures
• Assist in inducting new employees into the division
• Ensure that all administrative functions related to the role are executed.
Stakeholder Relations
• Assist with inquiries and requests for information from both internal and external stakeholders.
• Contribute to the maintenance of relationships with vendors, service providers or procurement teams and
ensure that all relevant procured items are invoiced and paid on time.
Desired Experience & Qualification
Qualifications and Experience
• Bachelor’s Degree in Commerce/Financial Accounting/Accounting related qualification.
• Relevant 3 years’ experience in a financial environment.
Technical and Behavioral competencies required
• Knowledge of financial software Packages and SAP.
• Ms Office package.
• Knowledge of cash and bank management.
• Knowledge of PFMA and accounting principle.
• Knowledge of public sector finance
• Knowledge of corporate governance
• Strong analytical capabilities.
• Speed and accuracy.
• Planning, Organising and Coordinating
• Personal mastery
• Judgement and Decision Making
• Ethics and Values
• Client Service Orientation
Package & Remuneration
Total cost to company applicable to this position is minimum R434 656.00 per annum, negotiable.
NB: “RAF offers Total Employment Cost packages with no additional contributions from the Employer, successful candidates are required to structure their packages in a manner that will suit their needs”.
Interested?
- The Road Accident Fund subscribes to the principles of employment equity and preference will be given to People with Disabilities.
- Applicants who have not received any correspondence from us within six weeks from the closing date can consider themselves unsuccessful
- Security Vetting shall be conducted on all prospective employees
- It is the applicants’ responsibility to have foreign qualification evaluated by the South African Qualification Authority (SAQA) and to provide proof of such evaluation.