Develop and lead implementation of loss control strategy to achieve business objectives within the necessary frameworks.
Develop and implement Loss Control Procedure and monitor the overall business irregular, fruitless and wasteful expenditure.
Provide specialised advice on loss control management related matters to the Group.
Manage Irregular Expenditure assessments and determinations
Ensure assessment and impact of irregular expenditure and fruitless and wasteful expenditure across all business units.
Develop and maintain the irregular expenditure register.
Lead the awareness campaign related to loss control management.
Provide leadership on loss control management for the group.
Provide recommendations regarding possible recovery of losses from the responsible parties and/or other appropriate consequence management processes to be implemented in line with the PFMA
Standardize loss determination processes relating to the handling, accounting, and dealing with
irregular, fruitless and wasteful expenditure
Drive and implementing key projects relating to Loss Control management.
Develop, review, and raise awareness regarding the company’s loss control procedures and Frameworks.
Develop a process that will ensure the integration of business processes linked to Loss Control.
Manage the effectiveness and adequacy of risks associated with irregular expenditure.
Develop and monitor the risk register for Loss Control.
Institute and maintain an effective communication program for the organisation to Manage and promote Loss Control Management.
Ensure that the Loss Control, Loss Control Management Procedure, Loss Control Steering
Committee TOR, policies are current and aligned to legislative requirements and the overall
business strategy.
Report to governance committees and subcommittees of EXCO
Monitor risks and ensure compliance with procedures and applicable policies
Approves that no loss has incurred during the contravention of legislation and that value for money was achieved, the accounting officer or accounting authority must refer the matter related
Quarterly reporting on to relevant executive committees on the status of Loss Control Management across the organistion.
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