Management Accountant [REF. 1930/13] at ETDP SETA

Minimum Requirements 

• A Bachelor of Commerce in Accounting, Accounting Science, Finance Management or Financial Management 
• A post-graduate qualification in Accounting/Finance will be advantageous 
• Professional membership with the SAICA or SAIPA or RGA or CIMA, or any other professional body pertinent to finance is mandatory 
• At least five (5) years of experience in management accountant roles, ideally in budget monitoring and financial reporting within the public sector. 
• Working experience in the CaseWare system 
• Excellent computer skills and proficiency in accounting packages such as Great Plains, SAP or similar, with advanced Excel skills 
• Knowledge of Standards of Generally Recognized Accounting Practice (GRAP) and the Public Finance Management Act (PFMA) 
• Proven knowledge of monthly management accounts and National Treasury reporting according to the templates in accordance with current SA laws and regulations 
• Good understanding of the applicable legal and statutory requirements 
• Experience in budget preparation and reporting in accordance with MTEF and ENE guidelines 
• Strong knowledge of financial data analysis and interpretation, budgeting and monitoring, auditing requirements, and reporting skills, with a high attention to detail 
• Ability to analyse, interpret and present financial information in a simplified format 
• Ability to work independently with limited or no supervision 
• Ability to work under pressure while ensuring accuracy and paying attention to detail 
• Ability to apply checks and balances to transactions and procedures to ensure data integrity
• Excellent communication, problem-solving, and organisational skills with the ability to manage multiple priorities and work under pressure 
• Strong understanding of financial regulations and statutory compliance 
• Ability to work autonomously and as part of a broader team with a proactive and results-driven mindset  

Skills And Personal Attributes 

• Knowledge and understanding of governance frameworks (i.e., PFMA, Treasury Regulations, GRAP, KING VI Code of Good Governance, Tax Laws and Regulations, and the relevant legislation governing the SETA environment 
• Good understanding of government reporting requirements and public entities 
• Knowledge of financial packages (SAP, Great Plains, etc.) 
• A working knowledge of Supply chain management functions in a public entity 
• Knowledge of current practices of internal and external auditing 
• Excellent interpersonal skills and team player 
• Strong analytical and problem-solving skills 
• Ability to interact constructively with a diverse range of people 

 Duties and Responsibilities 

• Develop and implement the organization’s budget in collaboration with senior management and other stakeholders 
• Assist with data collating and guiding the units on budget preparations 
• Ensure compliance with relevant laws and regulations relating to financial and budgetary issues 
• Update and circulate the budgeting template to all units and review the budget requests for approval 
• Upload the approved budget onto Microsoft GP and assist units with budget confirmations, ensuring the correct use of GL accounts 
• Manage the virement process and mid-year budget review and identify variances between actual and budgeted financial results at the end of each reporting period 
• Analyse budget-expenditure performance, recommend cost-effective measures and provide explanations of budget variances in consultation with business units 
• Monitor and prepare reports on expenditures for budgets, grants, and contracts to maintain a balanced account 
• Prepare monthly management accounts to ensure completeness, accuracy and validity of all amounts and balances 
• Prepare GRAP-compliant Annual Financial Statements and National Treasury AFS template Standard Chart of Accounts (SCOA) with supporting schedules 
• Prepare the National Treasury quarterly report, the Department of Higher Education and Training (DHET) report, and the medium-term expenditure framework/Estimated National expenditure 
• Ensure compliance wither porting-related requirements from the PFMA, Treasury regulations, Grants regulations, and other prescripts
• Implement plans to ensure that transactions are timeously processed in accordance with the applicable legislative framework
• Liaise with internal and external stakeholders, such as the Department of Higher Education and Training, National Treasury, AGSA, SETA banking institutions and others
• Assist in maintaining an effective and transparent system of account management, risk management, internal control, income, expenditure, asset and budget management
• Identify and provide solutions for inefficiencies, bottlenecks, and any other areas of improvement in the SETA environment
• Prepare regular financial reports, providing clear insights on the budget status to senior management and stakeholders
• Execute any other ad-hoc duties as assigned by the Line Manager