Specialist: PFMA Assurance - Durban at Transnet

Position Purpose:

• Support the Specialist: PFMA Assurance to implement PFMA improvement initiatives to address noncompliance sustainably.
• Ensure compliance and understanding to the requirements of the Public Finance Management Act through training and awareness to all employees within TPT

Position outputs:
Position outputs:

• Assist the Specialist: PFMA assurance implement PFMA initiatives to proactively identify.
• PFMA reportable matters across TPT.
• Proactively share PFMA reportable matters as lessons learnt across TPT and various functional areas to ensure awareness is created to prevent re-occurrence
• Proactively roll out PFMA training across TPT employees to ensure requirements to report and identify PFMA reportable matters well understood and complied with.
• Conduct determination tests to ensure identification and root causes of PFMA violations reported.
• Develop action plans to address root causes of PFMA violations and workshop with management to prevent re-occurrences.
• Proactively follow up on PFMA reportable matters to identify root causes and internal controls deficiencies and recommend corrective action to prevent re-occurrence across TPT.
• Conduct adhoc PFMA compliance reviews based on requests from the business as well as red flags within TPT.
• Provide guidance and support to business on decision making to ensure regulations of PFMA are complied with at all times.
• Share PFMA lessons learnt across TPT and governance forums to create awareness to prevent re-occurrences requirements across TPT.
• Develop training material to successfully train end users and process owners on the requirements of PFMA compliance.
• Proactively engage with TPT management to identify any PFMA challenges and ensure controls are in place to reduce PFMA violations across TPT.
• Engage Group Loss Control + Group PFMA to obtain lessons learnt on PFMA compliance across Group to prevent re-occurrences at TPT. Identify, analyse and address data analytics and CCM dashboards to proactively identify
• PFMA violations and ensure timeous reporting thereof.
• Updating Control Frameworks and Control Self-Assessment to ensure controls are in place to address PFMA risks and legislative requirements across TPT.
• Analyse SAP data to identify focus areas and red flags to assess transactional data to test for compliance to PFMA.
• Co-ordinate reviews with stakeholders across TPT to ensure collaboration for ease of execution and successful completion of PFMA reviews and audits.
• Design audit programmes, work papers and audit reports to test for compliance to PFMA.
• Facilitate discussion of PFMA compliance audits/ reviews reports and conduct close out meeting with Senior and Executive
• Management to agree on findings, recommendations and action plans that will improve the PFMA control environment.
• Facilitate on behalf of the Specialist: PFMA the PFMA reports arising from the PFMA reviews and audits to support PFMA violations reported.

Qualifications & Experience:
Qualifications & Experience

• Bachelor’s Degree in Auditing/Accounting is required
• At least 3 - 5 years’ experience in an assurance or related working environment and working knowledge of PFMA related matters (or a similar environment) is required. (PFMA experience essential.)
• Financial Management risk experience
• Requirement of trust and honesty in the handling of finances as per the National Credit Act Amendment 19
• Public Sector External Audit experience will be an added advantage
• Standard Job Requirements
• Driver’s license code 08

Competencies:
Functional Competencies:

• FINANCIAL AND ACOUNTING MANAGEMENT
• ACCOUNTING SYSTEMS (FIN TECH SYSTEMS)
• MANAGEMENT DECISION-MAKING AND CONTROL

Behavioural Competencies:

• STRATEGY & SUSTAINABILITY
• INSPIRATIONAL LEADERSHIP
• BUSINESS PERFORMANCE AND DELIVERY
• RELATINSHIP MANAGEMENT
• CORPORATE GOVERNANCE & COMPLIANCE
• PERSONAL MASTERY