WHOLESALE AND RETAIL SETA (W&RSETA) Finance Manager: Financial Accounting - Ref : 003 /07/2021 The Wholesale and Retail Sector Education and Training Authority (W&RSETA) seeks to employ a Finance Manager: Financial Accounting who will report directly to the Senior Manager: Finance and be based at the Head Office in Centurion. Grading : (Role Band: ) : D2 Key Scale : R 784 782 The role of this position is to: Implement efficient and effective, sound financial management in line with the PFMA and any other applicable government policies and legislation that will ensure the provision of accurate, timeous and sound financial information, reports and services for the W&RSETA.
• Ensure efficient use of resources
• Produce monthly and quarterly statutory reports • Build and maintain an effective team within the Unit • Implement best performance management practices, coaching and mentorship methods • Lead the unit to achieve set goals and targets within set timeframes • Report any irregular and unlawful deviation from prescribed standards and conditions • Ensure effective control and monitoring of assets in accordance with applicable legislation, regulatory frameworks and W&RSETA standards • Assist and proactively contribute to the development and implementation of a financial strategy that will support long term sustainability of the SETA • Lead, manage, develop, coach, motivate, performance manage and inspire the Finance team ensuring performance against set individual and SETA targets • Close working relationship with provincial offices to ensure delivery on financial services needs and requirements • Prepare sound, accurate monthly project and financial reports • Ensure the compilation of sound accurate annual contract commitment reports • Efficiently manage the collection and recording of all revenue transactions into the accounting system according to the recognition and measurement principles • Prepare project forecasts and contract cash flow projections • Continuously monitor the effectiveness and efficiencies of financial processes and procedures and implement improvement and enhancements to optimally support SETA needs and requirements • Provide proactive professional support and advice on strategic projects for the organisation • Prepare management accounts and budget variance analysis • Provide monthly and quarterly statutory reports • Implement and maintain effective and sound financial systems and controls • Prepare and submit all regulatory returns i.e. Estimates of National Expenditure (ENE), Medium term Expenditure Framework (MTEF) among others • Guide, facilitate and advice on the development, management and control of project budgets • Ensure adherence to W&RSETA policies, procedures, PFMA and relevant legislation • Provide formal, standard reporting and feedback ensuring accurate, up-to-date status on the SETA’s financial performance • Manage, guide, coach, performance management • Ensure knowledge-sharing, documentation of information and a team that is informed and up-to-date with developments in the sector • Ensure a close working relationship between the different divisions to ensure the continuous delivery on the SETA’s financial needs and requirements • Utilise the synergy between the different divisions to continuously support the SETA’s performance and delivery against set objectives • Ensure sound administration and recording across all finance processes and procedures • Effectively plan, coordinate, manage and execute ad hoc projects Minimum Qualifications and Experience • Degree in Bachelor of Commerce in Accounting • 5 years’ financial management experience as a team leader/supervisor • Completed articles will be an advantage • Working knowledge of GRAP and all accounting standards • In-depth understanding and interpretation of all financial legislation and prescripts within Finance • Understanding of the Supply Chain Management processes • Experience in a SETA/Public Sector environment will be an advantage • Advanced computer literacy • In-depth knowledge and understanding of Corporate Governance and Regulatory frameworks in particular Public Financial Management Act (PFMA), Treasury Regulations, Preferential Procurement Policy Framework Act (PPPFA) and its most recent regulations as well as guidelines, notices and instruction notes issued by the relevant authorities from time to time • Experience in a SETA or Public Sector environment will be an advantage • All applications must be accompanied by certified copies of all educational qualifications and they should not be older than 3 months. • The W&RSETA will give preference to candidates in line with the Employment Equity Plan Only applicants who meet the minimum requirements of this position should apply, by forwarding their CVs for attention: Libokanyo Khumalo (Senior Manager: HR) at lkhumalo@wrseta.org.za. The closing date for applications is: 17 July 2021.
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