The Transport Education Training Authority (TETA) is one of the 21 SETAs mandated to facilitate skills development and training in different economic sectors of South Africa. TETAs areas of operation cut across rail, aerospace, maritime, road freight, road passenger, taxi, freight handling, and forwarding and clearing subsectors. The authority is committe...
Key Responsibilities and Deliverables
Strategic Financial Leadership
- Develop and execute TETA’s Financial Strategy aligned to the Strategic Plan and Annual Performance Plan (APP).
Budget Planning and Control
- Oversee development and management of TETA’s budget ensuring alignment to strategic objectives, Government priorities. This to be done in line with relevant legislative and regulatory frameworks and procedures (PFMA, applicable Sector, National Treasury Framework for Strategic Plans and APP), Policies, Delegations of Authority, MTEF Budgeting process, Estimates of expenditure (national and provincial), Business and project financial planning, Adjustment estimates and roll overs, Monthly cash flows and adjusted monthly cash flows.
Financial Reporting and GRAP Compliance
- Ensure preparation of GRAP-compliant financial statements and management reports.
Audit Coordination and Assurance Management
- Lead internal and external audit processes.
- Ensure implementation of audit recommendations.
Supply Chain and Procurement Oversight
- Ensure effective SCM systems that comply with Treasury and BBBEE frameworks.
Expenditure Management, Revenue Management, Asset & Treasury Management
- Oversee expenditure, cash flow, revenue expected and received and asset control ensuring efficient resource allocation. Revenue management involves all the procedures necessary to ensure that the income is properly planned and fully accounted for, and that cash once received is safeguarded and banked promptly.
Risk and Internal Control Framework
- Implement and maintain internal control and financial risk management systems.
Financial Systems and Process Optimisation
- Drive automation and efficiency in financial systems and reporting processes.
Stakeholder and Regulatory Reporting
- Ensure accurate financial submissions to DHET, Treasury, and Board Committees.
Requirements
MINIMUM REQUIREMENTS
Experience and Qualification
- A minimum of a Postgraduate degree in Accounting, Finance or Auditing at NQF Level 8 recognized by SAQA. Master’s Degree (NQF 9) in Finance, Governance, or Business Administration will be an added advantage.
- Chartered Accountant (CA(SA).
- Registered with SAICA, CIMA, or equivalent
- Minimum of 10 years’ experience in in financial management with 5 years at senior/executive level in a public-sector environment.
- Experience within a SETA, regulatory body, or state-owned entity will be an added advantage.
- Proven experience managing PFMA compliance, GRAP reporting, and clean audit achievement.
- Demonstrated success in governance transformation or automation projects.
TechnicalCompetencies
- Expert capability in PFMA and Treasury application.
- Financial strategy, planning and budgeting.
- GRAP accounting and financial reporting.
- Revenue, levy and grant finances; expenditure and payroll controls; asset and liability management; cash, banking and investments.
- SCM and contract governance; and financial risk, internal controls and misconduct responses.
- Thorough capability in audit engagement and remediation, and financial systems and information controls.
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