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ROAD ACCIDENT FUND (RAF)
 

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SENIOR ACCOUNTANT: FIXED ASSETS
Division: Finance
Reference No:  4490
Location: Centurion, Gauteng, ZA
Employment Type: Permanent
Disability (EE targeted role): No
T.A.S.K Grade: 14
Job Posting Salary: R771,969.00
Job Posting End Date: 28 May 2024
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.
 
Purpose of the Job: Reporting to the Manager: Financial Accounting the successful incumbent is responsible for providing accurate financial accounting services through processing of transactions, accumulation and classification of financial data and the creation of financial reports for management and supervision and control of the Fixed Assets Department.
 
Key Performance Areas
 
Interaction with External and Internal Auditors
  • Liaise with external and internal auditors and ensure that audit requirements are met.
  • Provide all information requested by the external or internal auditors in the timelines provided.
  • Provide assistance to and resolve queries of internal and external auditors promptly and accurately.
 
Ensure and Coordinate General Administration
  • Accurately and timeously prepare, review and process monthly journals on SAP.
  • Ensure accurate and complete recording of transactions.
  • Review the Trial Balance while the period is still open in order to follow up on any unusual items or where accounting entries have not yet been posted.
  • Reverse accruals raised.
  • Perform and review monthly General Ledger Reconciliations to ensure that all balances are captured accurately and variances are resolved timeously.
  • Prepare and maintain Journal Files.
  • Prepare and maintain General Ledger Reconciliation files.
  • Communicate monthly calendar to all parties.
  • Assist in the financial system development and implementation.
  • Improving on the financial system flow documentation.
  • Release transfers; investments and payments for the Treasury department as required.
 
Policy Review and Implementation
  • Contribute to the development and implementation of departmental policy, procedures and processes.
  • Keep up to date with effective policy and practice execution strategies.
 
Reporting
  • Generate ad hoc reports for management information and approval.
  • Ensure that all reporting is accurate and timely.
  • Complete and submit quarterly  and annual reporting in accordance with the requirements of:
  • Provide information for and prepare disclosures to the Annual Financial Statements.
  • Report instances of Financial Misconduct in accordance with RAF policies.
  • Develop functional reporting systems, for management, projects or performance reporting.
 
Stakeholder Management
  • Facilitate and manage communication with relevant internal and external stakeholders in relation to investments and proactively and progressively manage the relationships.
  • Manage relationships with vendors, service providers or procurement teams and ensure that all relevant procured items are invoiced and paid on Time.
  • Communicate with all levels of stakeholder contact.
 
People Management
  • Ensure that good employee relations are maintained.
  • Provide ongoing operational support to employees.
 
Provide Administration and Supervision of the Fixed Assets Department
  • Regular review and adjustment of Fixed Assets Policies and Standard Operating procedures as required.
  • Perform monthly depreciation run on SAP.
  • Co-ordinate annual valuation of Land and Buildings.
  • Perform assessment of useful lives and residual values and consider impairment indicators of Fixed Assets on an annual basis.
  • Account for equalisation of lease payments as required by GRAP 13.
 
Qualifications and Experience
  • Bachelor’s Degree/ Advanced Diploma in Financial Accounting related qualification.
  • Relevant 5 - 7 years’ experience in an accounting environment of which 2 years must have been on supervisory level/ area of expertise or completed SAICA articles.
 
Technical and Behavioral Competencies Required
  • Resilience.
  • Network and alliance.
  • Employee engagement.
  • Ethics and values.
  • Change management.
  • Critical and innovative thinking
  • Policy conceptualisation and formulation.
  • Risk Management.
  • Stakeholder development and relations.
  • Reporting.
  • Business Management.
  • Knowledge of the PFMA and Treasury regulations.
  • Firm grasp of Principles of accounting; IFRS and GRAP.
  • Resource Management.
  • Professional communication (Written and Verbal).
  • Knowledge of financial Software Packages.




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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”.
 
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.
 
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