Manager: Financial Reporting, Systems and Compliance at University of Fort Hare

Key job functions

Financial statements, planning and compilation

• Development of the AFS plan including changes in policy, standards and circumstances
• Compilation of the University and Group AFS and manage the inputs per the plan informing the compilation
• Group journals for consolidation AFS
• Reconcile pre- and post-trial balances per ITS to the audited trial balance.
• Facilitate the closing of the system with journals from the audit process and year end closures. 

Audit planning, stakeholder management and quality control

• Role of audit controller during the audit process.
• Manage distribution and receipt of auditor requests and management responses with review on submissions.
• Develop audit intervention plan to address the audit findings
• Progress reports to the Director Finance and CFO on the progress of these intervention plans.
• Receive Finance related internal audit reports and maintain tracking on these recommendations following distribution and return from managers
• Provide progress reports to the Director Finance and CFO on the progress against the internal audit recommendations

In year financial reporting

• Coordinate the compilation of mid-term reports and Interim Financial statements
• Prepare journals and pro-forma adjustments as required for financial reporting
• Prepare financial and narrative reporting and inputs for the mid-term report
• Address any internal auditor’s queries on the report.

Ensure compliance with relevant taxation laws and requirements

• Coordinate and lead role in the Value Added Tax (VAT) return automation and preparation on the monthly VAT return.
• Assist in engagements with SARS on technical queries regarding Pay As You Earn (PAYE) and other components of taxes
• Coordinate and review annual income tax returns of the University;
• Implement the annual VAT apportionment ratio calculation.

Entity financial and compliance oversight

• Quarterly report on all UFH entities financial analysis and interpretation of financial results, loan accounts and distributions

Compliance with laws and regulations

• Development of a monitoring and compliance dashboard for the Finance department
• Support project analysis, validation of plans, and ad-hoc requests
• Ensure compliance with accounting policies and regulatory requirements
• Contribute to policy and procedure development.

Control processes

• Financial reporting review on monthly basis
• Control dashboard reporting prepare, manage data inputs and storage

People management

• Assist and facilitate capacity building and continuity in reporting areas
• Implement the performance management process that measures and evaluates progress against the goals of the University.
• Develop own performance agreements and development plans and assist for all staff in the Unit within set timeframes
• Manage staff performance and expectations on a regular basis
• Fill vacancies within the unit timeously
• Create environment that is aware of ethical considerations

Minimum qualifications and experience

• Bachelor of Commerce (NQF7) in Accounting, Postgraduate diploma, CA(SA)
• 8 years experience of which 5 have been at a supervisory level in a large or complex organisation