Jobs at Road Accident Fund

Purpose of the Job: 

• To request capital payment.

Key Performance Areas

To request of capital payments

• Request payments in terms of block settlement agreements.
• Request payments in respect of capital for claimants and/or their representatives.
• Request time frames within which payments are to be effected in terms of the court order.
• Prevent delays in requesting payments.
• Identify fraudulent payments and advise Forensics.
• Identify and record interim payments to prevent duplicate payments.
• Compile a schedule of files where settled or capital payment is to be requested.
• Check and prevent duplicate payments.
• Follow up on delayed/pending payments.

Provide customer services to clients of the RAF

• Attend to queries from both internal and external stakeholders.
• Provide advice and guidance to Claims sections in respect of duplicate or dummy files.
• Identify referrals to Recourse and Recoveries.
• Request termination of mandates where necessary before effecting payments.

Collate and compile statistics as required

• Record and maintain statistics on Payments requests.
• Monitor and report on failed payments.
• Keep daily stats of activities on work allocated and work to be done.
• Submit daily, weekly and monthly stats as required.

Render advisory responsibilities

• Attend to queries from stakeholders pertaining to capital payments outstanding.
• Provide feedback on payments to claims sections and attorneys.

Provide office administrative services

• Pre-screen files to ensure that they belong to the correct department of the RAF.
• Validate that the correct banking details are loaded on the system prior to requesting payment.
• Verify and validate that the payment is requested to the correct payee.
• Receive and record files where capital payments are to be requested after concluding the validation process.
• Updating the information on the files to correlate with the claims system iro claim number, link number, claimants and attorneys details.
• Compile lists of finalized files to be forwarded to CAFS.
• Request and return files from CAFS and claims when required.
• Attend to queries.
• Update the status and allocation of files on claims view system.
• Maintain accurate records of files where capital payments are to be requested.
• Keep records of movement of all files.  

Qualifications and Experience

• NQF 7 (Bachelor’s Degree or Advanced Diploma) related qualification to discipline.
• Relevant 3 years’ experience in claims system, MVA procedures and knowledge of court processes environment.

Technical and behavioral competencies required

• Communication (written, verbal and listening skills).
• Customer service orientation.
• Professionalism.
• Good organizational skills.
• Problem solving skills.
• Interpersonal Relations.
• Team Player.
• Planning and organizing.
• Analytical thinking.
• Conflict management.
• Decision making skills.
• Personal mastery
• Emotional wisdom
• Ethics and governance
• Customer orientation and customer focus

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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 Fixed Assets Department.

Key Performance Areas

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 Administration

• Accurately and timeously prepare, review and process monthly journals on SAP.
• 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.

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.

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:
• 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.

Stakeholder Management

• Facilitate and manage communication with relevant internal and external stakeholders in relation to investments 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 Fixed Assets Department

• Regular review and adjustment of Fixed Assets Policies and Standard Operating procedures as required.
• Perform monthly depreciation run on SAP.
• Co-ordinate annual valuation of Land and Buildings.
• Perform assessment of useful lives and residual values and consider impairment indicators of Fixed Assets on an annual basis.
• Account for equalisation of lease payments as required by GRAP 13.

Qualifications and Experience

• Bachelor’s Degree/ Advanced Diploma in Financial Accounting related qualification.
• Relevant 5 - 7 years’ experience in an accounting environment of which 2 years must have been on supervisory level/ area of expertise or completed SAICA articles.

Technical and Behavioral Competencies Required

• Resilience.
• Network and alliance.
• Employee engagement.
• Ethics and values.
• Change management.
• Critical and innovative thinking
• Policy conceptualisation and formulation.
• Risk Management.
• 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.