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ROAD ACCIDENT FUND (RAF)
 
The Road Accident Fund’s mission is to provide appropriate cover to all road users within the borders of South Africa; to rehabilitate and compensate persons injured as a result of motor vehicle accidents in a timely and caring manner; and to actively promote safe use of our roads
 
The Organisation requires the services of a qualified individual within its Head Office for the following position:
 
THIS IS AN INTERNAL AND EXTERNAL ADVERTISEMENT
​
SENIOR MANAGER: FINANCIAL ACCOUNTING: T.A.S.K LEVEL 18
20052022SMF
LOCATION: Centurion
CLOSING DATE & TIME: 5/31/2022 11:55 PM
 
Purpose of the Job: Reporting to the Head: Financial Management and Reporting, the successful incumbent is responsible to fulfil the role as required by the Public Finance Management Act for a public entity to have and maintain effective financial management and control. Financial Accounting is responsible for payment of trade creditors, for recoveries of all debtors, for payment of salaries and for full control of the general ledger and trial balance
 
 
Key Performance Areas
Assume Responsibility for the Full Financial Accounting Function
  • Develop, implement and maintain effective and efficient systems (Policies and Procedures) for financial accounting.
  • Technical preparation of annual financial statements in compliance with GRAP, IFRS and other relevant financial reporting standards.
  • Supervise month-end and year-end financial closures.
  • Supervise fixed assets reconciliations.
  • Ensure compliance with the PFMA, Treasury Regulations and applicable legislation.
  • Liaise with external and internal auditors and ensure that audit requirements are met.
  • Design and implementation of internal controls in conjunction with relevant financial standards and regulatory framework in order to address any weaknesses and to mitigate risks in the environment.
 
Financial Management
  • Provide input into the development of the Enterprise Risk Management business strategy and plan that ensure alignment with short-term and long-term objectives.
  • Provide input into the development, implementation and annual review of an overall Strategic Plan for the Enterprise Risk Management department.
  • Provide input in determining and setting specific key performance indicators and measures against outcomes detailed in the departmental strategic plans.
  • Oversee and guide the implementation of the Enterprise Risk Management plan as approved, including as appropriate any special tasks or projects requested by management.
　
Policy Review and Implementation
  • Oversee the development and implementation of policy, procedures and processes.
  • Work with appropriate structures to ensure effective execution of policy and practices.
  • Provide advice and guidance to the Policy department on legislative compliance, emerging issues, risks and the implementation of changes required on policy matters.
 
Strategy Development and Operational Planning
  • Provide input into the development of the Enterprise Risk Management business strategy and plan that ensure alignment with short-term and long-term objectives.
  • Provide input into the development, implementation and annual review of an overall Strategic Plan for the Enterprise Risk Management department.
  • Provide input in determining and setting specific key performance indicators and measures against outcomes detailed in the departmental strategic plans.
  • Oversee and guide the implementation of the Enterprise Risk Management plan as approved, including as appropriate any special tasks or projects requested by management.
 
Assume Responsibility for the Payroll Function
  • Develop, implement and maintain effective and efficient systems for payroll accounting and reporting.
  • Ensure compliance with statutory requirements and other relevant standards.
  • Supervision of Payroll Manager, Payroll Administrators in order to achieve desired output.
 
Stakeholder Management
  • Create risk management awareness throughout the Fund though various engagements with RAF employees.
  • Engage with relevant internal stakeholders during a disaster recovery.
  • Communicate with all levels of stakeholder contact.
  • Represent the Fund in relevant external activities and events.
  • Maintain proactive and progressive relationships with key stakeholders incl. organised labour and attorneys etc.
  • Delegate enquiries and requests for information from both internal and external stakeholders.
 
Reporting
  • Report quarterly on progress with implementation of operational plans.
  • Manage the development of functional reporting systems, for management, project or performance reporting.
  • Manage the development of reports/ policies/ procedures and guide the process through the alignment of these documents to the overall RAF’s Strategy.
  • Ensure regular and periodic reports are prepared and submitted as and when required to provide progress updates and/or inform management decisions.
 
Provision of Technical Accounting Advice to Management Finance Department, Head Office and Regional Accounting Units
 
Adherence to Corporate Governance Standards
  • Ensure a clean audit report with respect to the following:
  • Qualification of results
  • Emphasis of matter
  • Matters of significance
  • Minor matters
 
People Management
  • Ensure sourcing, development and retention of a high-performing team.
  • Ensure that recruitment of operational workforce is in line with employment equity targets.
  • Ensure the motivation, cohesiveness, and alignment of the organisation’s team members.
  • Manage staff in the department to ensure that they achieve their objectives in line with the strategic objectives of the RAF.
  • Implement human capital processes and procedures to control/regulate workplace conflict and/or institute corrective measures and consultation processes to address deviations from standards.
  • Manage and monitor performance of team and implement corrective actions for poor performance.
 
Qualifications and Experience
  • Bachelor’s Degree or Advance Diploma in Accounting Finance related qualification
  • Post graduate related qualification to discipline.
  • CA(SA)
  • Relevant 9 - 10 years’ experience in financial management environment of which 3 years must have been on a management level.
 
Technical and Behavioural Competencies Required
  • Personal Mastery.
  • Judgment and Decision Making.
  • Ethics and Values.
  • Resilience.
  • Communication.
  • Working with People
  • Network and Alliances.
  • Client Service Orientation.
  • Results Orientation.
  • Strategic Capability.
  • Business and Financial Acumen.
  • Compliance and Governance.
  • Planning, Organising and Coordination.
  • Leadership Agility.
  • Employee Engagement Excellent verbal and written communication skills.
  • Complex problem identification, solving and decision making.
  • PFMA and Treasury Regulations
  • GRAP and IFRS
  • Computer literate - knowledge of financial Software Packages (esp. SAP Controlling module) and Microsoft Office: Excel, Word, PowerPoint, etc.
  • Good financial management skills
  • Strong analytical capabilities.
 
Managerial Competencies:
  • Change Management
  • Coaching and Mentoring
  • Conflict Management
  • Critical and Innovative Thinking
  • Direction Setting
  • Facilitation and Presentation Skills
  • People Management
  • Policy Conceptualisation and Formulation
  • Programme/Project Management
  • Risk management
  • Service Delivery Innovation
  • Stakeholder Development and Relations
  • Reporting
 
 


Remuneration
Total cost to company applicable to this position is minimum R1 160 042.00 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".
 
Closing date: 31 May 2022
 
Applications can be forwarded to the Recruitment Officer at Eco Glades; email address is Thembi.recruitment@raf.co.za
 
INSTRUCTIONS TO PROSPECTIVE APPLICANTS
  1. Indicate the name and the reference number of the position you are applying for in the subject line.
  2. Do not submit copies of qualifications and ID as these will be requested from shortlisted candidates on the interview date.
  3. Submit a short CV with a maximum of 5 pages.
  4. Please indicate your current salary and salary expectations if considered for the position.
 
NB:
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 Qualifications Authority (SAQA) and to provide proof of such.