Financial Management Grant Intern at Newcastle Municipality

Qualifications: 

• Bachelor's Degree (NQF Level 7) or National Diploma (NQF Level 6) with majors in Economics, Accounting or Finance, Internal Auditing or Risk Management

Responsibilities:

• Ensure compliance to the Municipal Finance Management Act;
• Assist in the compiling of Audit File;
• Process adjustments on accounts through debit/credit;
• Physical verification of all movable assets;
• Prepare documentation supporting acquisitions, transfers and disposals;
• Prepare the bank recon and monthly reports relating to the bank recon on a monthly basis;
• Accrue interest once a month on all investments and loans;
• Ensure that the interest accrued is paid into the bank account by verifying the amount on the bank statement;
• Journalise all interest capitalised on investments;
• Align mapping of the AFS to be compliant with mSCOA requirements;
• Assist during the budget process with co-ordination, capturing, analysing budget inputs from departments;
• Scrutinization of budget and applicable data strings before approval;
• Assist in ensuring that the credible vote structure is created and maintained;
• Assist with the mSCOA implementation;
• Preparation of budget documents;
• Prepare and compile of the MFMA monthly, quarterly reports;
• Preparation and analysing of all departmental budget performance reports;
• Capturing of virements and journals;
• Assist in preparing monthly income/expenditure reconciliations;
• Assist with incentive schemes applications.