With approximately 30 000 students, the Durban University of Technology (DUT) is the first choice for higher education in KwaZulu-Natal (KZN). It is located in the beautiful cities of Durban and Pietermaritzburg (PMB). As a University of Technology, it prioritizes the quality of teaching and learning by ensuring its academic staff possess the highest possibl...
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B Degree in Accounting or any other relevant qualification (NQF Level 7)
6-8 years of Experience in Accounting
5 years of Management Accounting
Advanced accounting knowledge
Demonstrated ability to accurately draft annual budgets.
Knowledge of International Financial Reporting Standards (IFIRS) and Accounting Standards
Knowledge of costing strategies and financial modelling
Advanced proficiency in MS Office
Knowledge of accounting management systems
Knowledge of BI reporting and other financial reporting tools
Demonstrated ability to conduct financial and scenario planning.
Understanding of the Higher Education environment
Summary of Duties:
Review and update the financial affordability model in collaboration with the Manager Management Accounting.
Co-ordinate, compile and communicate the relevant aspects of the annual budgets in collaboration with the Manager Management Accounting.
Draft and communicate budgeting schedules and ensure adherence to these schedules.
Co-ordinate input from different departments / divisions.
Monitor that all budgets are aligned to the DUT business strategy, financial parameters, policies and procedures.
Monitor the accurate capturing / loading and maintenance of budget data on the system.
Maintain the Residence and SRC budgets on the system.
Implement the approved budgeting process and monitor compliance monthly.
Monitor the correct allocation of accounts and cost centres in accordance with the budgetary provisions.
Verify systems updates to accurately reflect accounts, cost centre and general ledger updates.
Assist with the creation of new accounts and cost centres if required.
Communicate new accounts and cost centres to relevant stakeholders.
Monitor overall expenditure of all faculties/divisions and report overspending to the Manager Management Accounting as well as the relevant Deans and/or Heads of Divisions.
Prepare accurate and complete monthly and quarterly management reports for submission to Manager Management Accounting within the stipulated deadline and any other ad hoc reports as requested by management.
Respond to internal stakeholders in a timely and courteous manner by providing accurate and comprehensive information.
Provide and support to internal stakeholders regarding the budgeting process and the availability of funds.
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