Supervisor: Management Accountant at W&RSETA

Key Performance Areas will include but not limited to the following: 

• Gather, analyse and summarise financial data and ensure the implementation of  efficient and effective internal controls to minimize risks 
• Implement efficient and effective management of the discretionary grant functions ensuring compliance to required time frames, legislation, regulations and applicable accounting standards 
• Develop the Standard Operating Procedures for Discretionary Grants to ensure alliance with applicable accounting standards (GRAP) 
• Prepare monthly reconciliations and ensure compliance with accounting and financial standards, best practices and National Treasury Regulations 
• Review the DG ledger monthly to ensure occurrence, accuracy, completeness and cut-off 
• Generate grant payment list and ensure that linked reversal companies & small companies are identified and contracted 
• Provide assistance with the disbursements of discretionary and mandatory grants requirements 
• Ensure accurate recording and reporting of the commitment schedule for discretionary grants 
• Prepare monthly provisions for amounts due to small companies, grants provisions and the South African Revenue Services retrospective adjustments 
• Ensure that all reconciliations are performed for levy & grant balance sheet accounts on a monthly basis 
• Perform project accounting function to ensure that allocations are correct 
• Develop and implement project accounting information to track all project expenditure against budgets, ensuring that any variances are communicated timeously to project coordinators 
• Manage and verify the Commitment Schedule for any changes, additions or deletions 
• Prepare annual budgets, monitoring and quarterly year end estimates 
• Open authorized allocations for new projects on the financial system 
• Manage the release payments 
• Post entries into the General Ledger 
• Oversee Accounts Payable and invoice 
• Implement plans to ensure that transactions are timeously processed and receipts are in accordance with approved regulations 
• Provide input and support on all audit related matters 
• Develop and prepare monthly compliance reports on levies and grants payments 
• Prepare monthly and quarterly Levies & Grants reports for submission to DHET and National Treasury ensuring liaisons with Provinces 
• Assist with the preparation of AFS on Caseware system. 
• Provide required support to ensure the financial processes are effectively and efficiently per-formed within the SETA’s financial systems 
• Ensure efficient use of SETA financial resources, assets, risk management and fraud prevention 
• Ensure efficient management and interpretation of applicable legislation 
• Ensure adherence to W&RSETA policies, procedures, PFMA, Treasury regulations and relevant legislation 
• Regular meetings with the Operational team to align financial processes with operational activities. 
• Prepare monthly reports on commitment balances, accruals and DG spending. 
• Report any irregular and unlawful deviation from prescribed standards and conditions 
• Provide formal, standard reporting and feedback ensuring accurate, up-to-date status on SETA’s financial performance 
• Ensure sound administration, filing and recording across all Levies & Grants processes and procedures 
• Review the work of the team and ensure overall supervision of the administration work within the Unit 
• Maintain and complete proper records of levies and grants and ensure the accuracy and integrity of financial information 
• Ensure teamwork and cooperation in the Unit 
• Supervise, guide, coach, motivate and performance manage team 
• Effectively plan, coordinate and execute ad hoc projects  

Minimum Qualifications and Experience 

• BCom Accounting, Financial Accounting or Cost Accounting 
• 3 years’ relevant experience with 2 years in a supervisory or team lead position 
• Sound knowledge of GRAP, PFMA and regulatory accounting standards and frameworks 
• Extensive computer literacy experience 
• Good understanding and interpretation of applicable legislation within the financial environment 
• Experience in dealing with internal and external auditor engagements 
• Excellent knowledge and understanding of financial accounting systems 
• Experience in a SETA/Public Sector environment 
• Must have completed SAICA/SAIPA/ACCA training articles 
• Registration with an accounting professional body will be an added advantage