Senior State Accountant: Programme 2.1 Finance at The Government Pensions Administration Agency (GPAA)

Qualification/s Requirements

• A relevant National Diploma / Degree in Financial Management/ Financial Accounting Field or equivalent (at least 360 credits), with minimum of 3 years' experience in Finance Management Accounting of which 1-2 years should be in supervisory role or A recognized National Diploma / Degree in Financial Management/ Financial Accounting Field or equivalent (at least 360 credits), with minimum of 5years experience in Financial management/Accounting field. Computer literacy which includes a good working knowledge of Microsoft Office products. Knowledge of International Financial Reporting Standards.

Key Performance Areas

The incumbent will be responsible for a wide variety of tasks which include but are not limited to the following:

Ensure supervision of financial processes.

• Prepare a monthly variance report to National Treasury.
• Support the undertakings of researches on latest trends on cash flow management related internal controls.
• Align internal controls with GPAA policies and Auditor General of South Africa’s strategic guidelines.
• Supervise continuous adherence to developed and approved internal controls.
• Support the undertaking of corrective measures on deviation to internal controls.
• Monitor General Ledger.
• Prepare reconciliations of General Ledger accounts.

Provide financial reporting services.

• Preparation and provision of expenditure reports.
• Compile financial reports regarding turnaround times, documents processes and error rates.
• Perform end-of-day duties to ensure effective reporting, identification of issues.
• Evaluate financial documents.

Undertake cash flow management processes.

• Monitor the recording of cash flow transactions.
• Ensure the undertakings of cash flow management risk analysis processes.
• Supervise the administration for audit queries on cash flow management.
• Assist with the preparation of annual financial statements for audits purposes; and
• Assist with preparation of quarterly and interim financial statements required by the management of the relevant Funds.
• Provide quarterly inputs for organisational performance reporting.
• Preparation of monthly fund reports.
• Preparation of monthly administration reports.

Undertake revenue, expenditure management and accounting work as required.

• Render debt management, monitoring and reporting services.
• Ensure payment for goods and services, transfers, subsidies and reporting.
• Provide financial administration and accounting services (ledgers /journals, accounting and reporting interim and annual financial statements).
• Check monthly administration claims by GPAA to National Treasury and Department of Military Veterans.
• Preparation of monthly journals (BAS & CIVPEN) for National Treasury and Department of Military Veterans.
• Preparation of monthly advance request to National Treasury and Department of Military Veterans.
• Process financial data to produce financial information.
• Ensure that expenditure is in line with the budget and item provisioning.
• Facilitate the process of transfer payments / subsidy.
• Review the monthly determination, calculation and classification of Fund liabilities for the National Treasury Funds and Department of Military Veterans monthly.
• Assist with the coordination and compilation of the National Treasury Funds budget; Medium Term Expenditure Framework (MTEF) and Adjustment Budget in compliance with National Treasury guidelines.