The National Lotteries Commission (NLC) was established in terms of the Lotteries Amendment Act (No 32 of 2013) to regulate the National Lottery as well as other lotteries, including society lotteries to raise funds and promotional competitions.
The NLC evolved out of the National Lotteries Board, established in terms of the Lotteries Act No 57 of 1997.
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Two years post articles experience within the Finance/Auditing (external or internal audit) environment
Proficiency in Sage and Oracle Fusion will be an added advantage
Advanced Microsoft Excel skills are required
KEY RESPONSIBILITIES
Compliance Review and Reporting
Management of Team analysing grants
Test all grants to ensure compliance to the Lotteries Act, grant policy and agreements and other supporting checklists.
Review and preparation of grant expenses, grant liabilities and contingent liabilities reports and report discrepancies to Management on weekly basis
Reconciliations of grant expenses, grant liabilities and contingent liabilities for the periods under review. Reports should be compiled weekly and discussed with Management.
Reconciliations of grants allocated between Pastel Sage and Fusion for the periods under review.
Review and reconcile beneficiary payments for accuracy.
Review and reconcile age analysis of beneficiaries to the relevant GL control account
Review and reconcile age analysis of contingent liabilities and report discrepancies for the period under review
Identify beneficiary accounts that are long overdue and clear them
Reviewed the proposed journals for adjustments of discrepancies identified
Review a list of identified grantees that were awarded grants without relevant mandatory documents and compile a consolidated report to management.
Highlight the non-compliant beneficiaries that were paid and record the financial year that the payments were made.
Consolidate and review grant liabilities, grant expenses and contingent liabilities schedule for the periods under review.
Ensuring compliance with the PFMA, Treasury Regulations, Lotteries Act, applicable reporting framework, organisational policies, and procedures
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