Accountant: Accounts Payable at Road Accident Fund

Purpose of the Job:

•  Reporting to the Senior Accountant: Accounts Payable, the successful incumbent is responsible for supervision and control of the Accounts Payable department.

Key Performance Areas

Ensure and coordinate General Financial Accounting Administration

• Ensure accurate and complete recording of transactions.
• Review of weekly submissions from direct reports.
• Prepare timely and accurate month-end journals and assist the Senior Accountant with other month/year-end functions as required.
• Clearing of general ledger control accounts.
• Perform monthly General Ledger Reconciliations to ensure that all balances are captured accurately, and variances are resolved timeously.
• Ensure accurate, timely financial cut offs in accordance with the Financial Month End Calendar.

Provide supervision of the Accounts Payable Department

• Review of weekly submissions from direct reports.
• Prepare timely and accurate month-end journals and assist the Senior Accountant with other month/year-end functions as required.
• Clearing of general ledger control accounts.
• Perform monthly General Ledger Reconciliations to ensure that all balances are captured accurately and variances are resolved timeously.
• Ensure accurate, timely financial cut offs in accordance with the Financial Month End Calendar.
• Review non-purchase order payments for accuracy and validity before posting on SAP.

Reporting

• Generate ad hoc reports for management information and approval.
• Ensure that all reporting is accurate and timely
• Report instances of Financial Misconduct in accordance with RAF policies.
• Reporting on outstanding trade vendor invoices
• Aid in the development of functional reporting systems, for management, project or performance reporting.
• Report regularly and periodically perform necessary submissions as and when required to provide progress updates and/or inform management decisions.

Stakeholder Management

• Aid in proactive and progressive relationships with key stakeholders.
• Deal with inquiries and requests for information from both internal and external stakeholders.
• Aid in the maintenance of relationships with vendors, service providers or procurement teams and ensure that all relevant procured items are invoiced and paid on time.

People Management

• Ensure that good employee relations are maintained.
• Provide ongoing operational support to employees.

Qualifications and Experience

• Bachelor’s Degree/ Advanced Diploma in Finance/Accounting related qualification.
• Relevant 4 years’ experience in an accounting environment of which 1 year experience must have been on a supervisory level.
• SAP experience will be an added advantage.

Technical and Behavioral Competencies Required

• Planning, organising and coordinating.
• Personal mastery.
• Judgment and decision making.
• Ethics and values.
• Client service orientation.
• Basic financial knowledge.
• Knowledge of the PFMA and Treasury regulations
• Firm grasp of Principles of accounting: IFRS and GRAP
• Knowledge of financial Software Packages