Job Vacancies at Road Accident Fund

Purpose of the Job: 

• Reporting to the Manager Financial Accounting, the successful incumbent is responsible for providing accurate financial accounting services through processing of transactions, accumulation and classification of financial data and the creation of financial reports for management and supervision and control of the Accounts Receivable Department

Key Performance Areas

Policy review and implementation

• Contribute to the development and implementation of departmental policy, procedures and processes.
• Keep up to date with effective policy and practice execution strategies.

Interaction with external and internal auditors

• Liaise with external and internal auditors and ensure that audit requirements are met.
• Provide all information requested by the external or internal auditors in the timelines provided.
• Provide assistance to and resolve queries of internal and external auditors promptly and accurately.

Ensure and coordinate General Financial Accounting Administration

• Open and close financial period on SAP.
• Accurately and timeously prepare, review and process monthly journals on SAP.
• Clearing of general ledger control accounts.
• Ensure accurate and complete recording of transactions.
• Review the Trial Balance while the period is still open in order to follow up on any unusual items or where accounting entries have not yet been posted.
• Reverse accruals raised.
• Perform and review monthly General Ledger Reconciliations to ensure that all balances are captured accurately, and variances are resolved timeously.
• Prepare and maintain Journal Files.
• Prepare and maintain General Ledger Reconciliation files.
• Communicate monthly calendar to all parties.
• Assist in the financial system development and implementation.
• Improving on the financial system flow documentation.
• Release transfers: investments and payments for the Treasury department as required.

Reporting

• Generate ad hoc reports for management information and approval.
• Ensure that all reporting is accurate and timely.
• Complete and submit quarterly and annual reporting in accordance with the requirements of:
• RAF policies
• The South African Reserve Bank
•  National Treasury
•  The PFMA
• Department of Transport

Provide information for and prepare disclosures to the Annual Financial Statements.

Report instances of Financial Misconduct in accordance with RAF policies.

Develop functional reporting systems, for management, projects or performance reporting.  Prepare proposals, briefings, presentations, reports, and other documentation and provide management information both verbally and in report format.

Stakeholder Management

• Facilitate and manage communication with relevant internal and external stakeholders and proactively and progressively manage the relationships.
• Manage relationships with vendors, service providers or procurement teams and ensure that all relevant procured items are invoiced and paid on Time.
• Communicate with all levels of stakeholder contact.

People Management

• Ensure that good employee relations are maintained.
• Provide ongoing operational support to employees.

Provide administration and supervision of the Accounts Receivable Department

• Regular review and adjustment of Accounts Receivable Policies and Standard Operating procedures as required.
• Facilitate the recovery of debts.
• Assess debts for recoverability.
• Prepare requests for the write off of irrecoverable debts for approval.
• Prepare requests for the abandonment of debt for approval.
• Review and submit Acknowledgements of Debt for approval.

Qualifications and Experience

• Bachelor’s Degree/ Advanced Diploma in Finance/Accounting related qualification.
• Relevant 5-7 years’ experience in an accounting environment of which 2 (two) years must have been on supervisory level/area of expertise or Completed SAICA articles
• SAP experience will be an added advantage.

Technical and Behavioral Competencies Required

• Resilience
• Communication
• Working with People
• Network and Alliances
• Planning, organising and coordinating.
• Employee Engagement
• Personal Mastery
• Judgment and decision making.
• Ethics and values.
• Client service orientation.
• Change management
• Conflict management
• Critical and innovative thinking
• Facilitation and presentation skills
• Policy conceptualisation and formulation
• Risk Management
• Programme/ project management
• Service Delivery Innovation
• Stakeholder development and relations
• Reporting
• Business Management
• Knowledge of the PFMA and Treasury regulations
• Firm grasp of Principles of accounting: IFRS and GRAP
• Resource Management
• Professional communication (Written and Verbal)
• Knowledge of financial Software Packages

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Purpose of the Job: Reporting to the Senior Manager: Assurance and Internal Controls, the successful incumbent is accountable for participating in the development of combined assurance policies, procedures, as well as to ensure the implementation and monitoring thereof. The role will also be responsible for carrying out the approved Combined Assurance Plan and Strategy.

Key Performance Areas

Combined Assurance 

• Coordinate the development of the Integrated Combined Assurance Plan.
• Evaluate combined assurance initiatives by assurance providers and link the reviews to the strategic risks and root causes.
• Track and monitor emerging and manifested risks.
• Keep track of all assurance providers' recommendations.
• Identify inconsistencies presented by assurance providers on the control environment through evaluation of existing and future controls, including identified control gaps. Monitor implementation of approved integrated combined assurance  plan and identify assurance coverage risks.

Quality Assurance and Management

• Perform Quality Assurance reviews on selected assurance work done by assurance providers.
• Analyse and evaluate the adequacy and effectiveness of assurance providers’ processes and procedures/ methodologies and recommend improvements to ensure effectiveness of monitoring and oversight procedures.
• Create an intergrated dashboard for combined assurance.
• Coordinate and implement of joint map results to provide a comprehensive perspective of all concerns for management to resolve.
• Conduct Combined Assurance reviews and impact assessment.
• Acquire and manage the combined assurance/ internal control system/ tool.

Internal Controls

• Recommend the design and implementation of effective internal system control to management and relevant parties.
• Coordinate the testing of key controls for RAF.
• Manage independent and objective assessments of internal controls, financial results, RAF processes and adherence to compliance requirements.
• Provide or coordinate advisory services to management and process owners on internal control requirements.
• Recommend improvements in procedures and systems in order to improve the internal control environment (maturity level) within RAF.
• Analyse risk registers to identify control gaps and recommend reviews by assurance providers.

Policy Review and Implementation

• Contribute to the development of Combined Assurance Framework, policies, procedures and guidelines;  and guide the process through the alignment of the documents to the overall RAF’s Strategy.
• Keep up to date with effective policy and practice execution strategies.

Reporting

• Prepare regulation reports as and when required to provide progress, updates, make recommendations to inform management decisions.
• Develop functional reporting systems, for management, projects or performance reporting.
• Prepare proposals, briefings, presentations, reports, and other documentation and provide management information both verbally and in writting.

Stakeholder Management

• Support relationship building with internal and external stakeholders to facilitate performance of assurance engagements and exchange of knowledge on assurance best practice.
• Build relationship with internal and external stakeholders to facilitate performance of assurance engagements and identify appropriate areas of management support.
• Mantain relationships with vendors, service providers or procurement teams and ensure that all relevant procured items are invoiced and paid on time.
• Advise management on effective control measures, systems and fraud prevention measures.
• Represent the Fund in relevant external activities and events.

People Management

• Ensure the sourcing, development and retention of a high-performance team.
• Manage staff in the department to ensure that they achieve their objectives in line with the strategic objectives of the RAF.
• Manage the implementation of human capital processes and procedures to control/ regulate workplace conflict and/or institute corrective measures and consultation processes to address deviations from standards.
• Ensure capacity development of staff and identify appropriate developmental opportunities.
• Manage performance of staff, mentor and couch staff.

Qualifications and Experience

• Bachelor’s Degree/ Advanced Diploma in a Risk Management/ Governance/ Compliance/ Auditing related qualification.
• Post graduate qualification in a Risk Management/ Governance/ Compliance/ Auditing or related qualification will be an added advantage.
• Relevant 6 - 8 years working experience in a Risk Management/Internal Audit/Compliance/Governance/Monitoring and Evaluation/Combined Assurance and integration of different assurance processes related environment of which 2 years must have been on a supervisory level/ area of expertise/ management level.

Technical and Behavioral Competencies Required

• Communication.
• Network and alliances.
• Planning, organising and coordinating.
• Ethics and values.
• Change Management.
• Risk management.
• Stakeholder development and relations.
• Reporting.
• Sound knowledge of enterprise risk management, internal audit and combined assurance.
• Strong data mining analysis.
• Excellent report writing skills.
• Cura software and/or risk and audit softwares.
• Computer literate - knowledge of financial software packages and Microsoft office.

go to method of application »

Purpose of the Job: 

• Reporting to the Manager: Operations Reporting, the successful incumbent is accountable for conducting research, analysing and providing statistics for forecasting purposes to enable effective decision making. In addition, the incumbent will be responsible to implement rigor and desired practices for effective and improved claims reports and claims information collation.

Key Performance Areas

Collation, interrogation, analysis and compilation of accurate statistical reports

• Perform analysis on all qualitative and quantitative data.
• Develop various templates and reporting automation processes and prepare operational reports for systems.
•  Prepare and supervise report proposals and analyze data and recommend corrections to claims division.
•  Provide relevant statistical reports for forecasting purposes.
•  Help resolve claims report queries and complaints and record them.
• Assist claimants with reports by providing feedback on claims that are presented or lodged directly.

Maintain and escalate data integrity issues to the relevant department

• Confirm data extract source from the system.
• Request changes on the type and the format of the report from the IT Systems Change Manager.
• Prepare cross systems integration reports (integrate various report from all systems reports).
• Coordinate with Claims Managers to determine reporting requirements to confirm data requirements.
• Maintain up-to-date knowledge about the existing claims and advise improvements for claims data processing procedures.

Stakeholder Management

• Facilitate and manage communication with relevant internal external stakeholders in relation to proactively and progressively manage the relationships.
• Manage relationships with vendors, service providers or procurement teams and ensure that all relevant procured items are invoiced and paid on time.
• Communicate with all levels of stakeholder contact.
• Represent the Fund in relevant external activities and events.

Qualifications and Experience

• Bachelor’s Degree/ Advanced Diploma in Business Management/ Information Science/ Mathematics related qualification.
• Certifications in relevant analytics and related tools, e.g., Power BI, SAP BI, Azure, SQL, Python, or VBA will be an added advantage.
• Relevant 4 years’ experience in an operations reporting/ analytical reporting or related environment.
• Experience working with SAP BI or Microsoft Power BI will be highly advantageous.
• Experience working with SQL will be highly advantageous.
• Experience working with VBA and Python programming languages will be highly advantageous.
• Experience working with Microsoft Azure will be highly advantageous.

Technical and Behavioral Competencies Required

• Planning, organising and coordinating.
• Personal mastery.
• Judgment and decision making.
• Ethics and values.
• Client service orientation.
• Strong analytical capabilities.
• Data analytics (which includes extracting, cleaning, analyzing, interpreting, and visualizing data).
• Report writing (i.e., writing formal business and research reports including powerpoint presentations).
• Advanced Microsoft excel skills (the use of vlookups, pivot tables, DAX, and VBA).
• Data management and modeling.
• Complex problem identification, solving and decision making.
• Good financial management skills.
• Knowledge of claims management processes and systems.
• Knowledge of motor vehicle accident legislation.

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Purpose of the Job: The Specialist: Data Management is responsible for collecting, analysing and maintaining information and data to create data-oriented systems and statistics to inform accuracy and enable effective decision making.

Key Performance Areas

Combined Assurance 

• Coordinate the development of the Integrated Combined Assurance Plan.
• Evaluate combined assurance initiatives by assurance providers and link the reviews to the strategic risks and root causes.
• Track and monitor emerging and manifested risks.
• Keep track of all assurance providers' recommendations.
• Identify inconsistencies presented by assurance providers on the control environment through evaluation of existing and future controls, including identified control gaps. Monitor implementation of approved integrated combined assurance plan and identify assurance coverage risks.

Quality Assurance and Management

• Perform Quality Assurance reviews on selected assurance work done by assurance providers.
• Analyse and evaluate the adequacy and effectiveness of assurance providers’ processes and procedures/ methodologies and recommend improvements to ensure effectiveness of monitoring and oversight procedures.
• Create an intergrated dashboard for combined assurance.
• Coordinate and implement of joint map results to provide a comprehensive perspective of all concerns for management to resolve.
• Conduct Combined Assurance reviews and impact assessment.
• Acquire and manage the combined assurance/ internal control system/ tool.

Internal Controls

• Recommend the design and implementation of effective internal system control to management and relevant parties.
• Coordinate the testing of key controls for RAF.
• Manage independent and objective assessments of internal controls, financial results, RAF processes and adherence to compliance requirements.
• Provide or coordinate advisory services to management and process owners on internal control requirements.
• Recommend improvements in procedures and systems in order to improve the internal control environment (maturity level) within RAF.
• Analyse risk registers to identify control gaps and recommend reviews by assurance providers.

Policy Review and Implementation

• Contribute to the development of Combined Assurance Framework, policies, procedures and guidelines; and guide the process through the alignment of the documents to the overall RAF’s Strategy.
• Keep up to date with effective policy and practice execution strategies.

Reporting

• Prepare regulation reports as and when required to provide progress, updates, make recommendations to inform management decisions.
• Develop functional reporting systems, for management, projects or performance reporting.
• Prepare proposals, briefings, presentations, reports, and other documentation and provide management information both verbally and in writting.

Stakeholder Management

• Support relationship building with internal and external stakeholders to facilitate performance of assurance engagements and exchange of knowledge on assurance best practice.
• Build relationship with internal and external stakeholders to facilitate performance of assurance engagements and identify appropriate areas of management support.
• Mantain relationships with vendors, service providers or procurement teams and ensure that all relevant procured items are invoiced and paid on time.
• Advise management on effective control measures, systems and fraud prevention measures.
• Represent the Fund in relevant external activities and events.

People Management

• Ensure the sourcing, development and retention of a high-performance team.
• Manage staff in the department to ensure that they achieve their objectives in line with the strategic objectives of the RAF.
• Manage the implementation of human capital processes and procedures to control/ regulate workplace conflict and/or institute corrective measures and consultation processes to address deviations from standards.
• Ensure capacity development of staff and identify appropriate developmental opportunities.
• Manage performance of staff, mentor and couch staff.

Qualifications and Experience

• Bachelor’s Degree/ Advanced Diploma in a Data Management related qualification.
• Relevant 5-7 years’ experience in a data management/reporting related environment.

Technical and Behavioral Competencies Required

• Resilience
• Communication.
• Working with People
• Network and Alliances.
• Planning, organising and coordinating.
• Employee Engagement
• Personal Mastery
• Judgement and Decision Making
• Ethics and Values
• Client Service Orientation
• Change Management
• Conflict Management
• Critical and Innovative thinking
• Facilitation and Presentation Skills
• Policy conceptualisation and Formulation
• Risk Management
• Programme/ project management
• Service Delivery Innovation
• Stakeholder development and relations
• Reporting
• Strong data analytical capabilities
• Data management analysis and interpretation
• Complex problem identification, solving and decision making

go to method of application »

Purpose of the Job:

•  Reporting to the Senior Accountant: Accounts Payable, the successful incumbent is responsible for supervision and control of the Accounts Payable department.

Key Performance Areas

Ensure and coordinate General Financial Accounting Administration

• Ensure accurate and complete recording of transactions.
• Review of weekly submissions from direct reports.
• Prepare timely and accurate month-end journals and assist the Senior Accountant with other month/year-end functions as required.
• Clearing of general ledger control accounts.
• Perform monthly General Ledger Reconciliations to ensure that all balances are captured accurately, and variances are resolved timeously.
• Ensure accurate, timely financial cut offs in accordance with the Financial Month End Calendar.

Provide supervision of the Accounts Payable Department

• Review of weekly submissions from direct reports.
• Prepare timely and accurate month-end journals and assist the Senior Accountant with other month/year-end functions as required.
• Clearing of general ledger control accounts.
• Perform monthly General Ledger Reconciliations to ensure that all balances are captured accurately and variances are resolved timeously.
• Ensure accurate, timely financial cut offs in accordance with the Financial Month End Calendar.
• Review non-purchase order payments for accuracy and validity before posting on SAP.

Reporting

• Generate ad hoc reports for management information and approval.
• Ensure that all reporting is accurate and timely
• Report instances of Financial Misconduct in accordance with RAF policies.
• Reporting on outstanding trade vendor invoices
• Aid in the development of functional reporting systems, for management, project or performance reporting.
• Report regularly and periodically perform necessary submissions as and when required to provide progress updates and/or inform management decisions.

Stakeholder Management

• Aid in proactive and progressive relationships with key stakeholders.
• Deal with inquiries and requests for information from both internal and external stakeholders.
• Aid in the maintenance of relationships with vendors, service providers or procurement teams and ensure that all relevant procured items are invoiced and paid on time.

People Management

• Ensure that good employee relations are maintained.
• Provide ongoing operational support to employees.

Qualifications and Experience

• Bachelor’s Degree/ Advanced Diploma in Finance/Accounting related qualification.
• Relevant 4 years’ experience in an accounting environment of which 1 year experience must have been on a supervisory level.
• SAP experience will be an added advantage.

Technical and Behavioral Competencies Required

• Planning, organising and coordinating.
• Personal mastery.
• Judgment and decision making.
• Ethics and values.
• Client service orientation.
• Basic financial knowledge.
• Knowledge of the PFMA and Treasury regulations
• Firm grasp of Principles of accounting: IFRS and GRAP
• Knowledge of financial Software Packages