Vacancies at Central Energy Fund (CEF)

REQUIRED MINIMUM QUALIFICATIONS AND EXPERIENCE:

• Matric and Bachelor’s degree in Human Resources, Finance or equivalent qualification.
• Minimum of 5 years’ experience in remuneration, benefits and payroll management, with 1 to 3 years in a senior management capacity.
• Experience in remuneration strategy, salary benchmarking and job evaluation
• Experience with managing payroll governance and benefits administration
• Experience in HRIS and payroll systems optimisation
• Certified Compensation Professional will serve as an added advantage.
• Honour’s degree (NQF 8) in Human Resources/Finance or equivalent qualification will serve as an added advantage.

DESIRED ADDITIONAL SKILLS/ COMPETENCIES:

• Knowledge on Job evaluation methodology (Peromnes is preferred)
• Remuneration benchmarking (internal and external) and reward governance knowledge
• Executive and specialist renumeration principles
• Knowledge Employee Benefits structures, HR analytics and reporting
• Broad conditions of Employment Act, Income Tax Act, Pensions Funds Act
• Advanced SAGE 300 and excel skills (reporting)
• Advanced remuneration benchmarking and market analysis skills
• Advanced decision making, problem-solving and numerical reasoning skills
• Policy development and interpretation skills
• Financial and Numerical analysis skills
• Ability to manage budget, Salary modelling and forecasting
• Incentive, Short-term incentive design and reward strategy development
• Ability to work under pressure and to coordinate complex exercises
• Ability to manage team, people and workflow

KEY PERFORMANCE INDICATORS:

Remuneration and Reward Management

• Develop and implement remuneration strategies, frameworks and guidelines aligned to organisational objectives and market trends.
• Conduct salary benchmarking and market analysis.
• Manage annual salary review and incentive processes.
• Provide remuneration advisory services to management.
• Support job evaluation and grading processes by providing the value of a role
• Monitor remuneration trends and recommend improvements.

Benefits Management

• Manage employee benefit programmes including retirement funds, medical aid, risk benefits and wellness-related benefits.
• Liaise and coordinate with benefit providers and brokers.
• Review and recommend benefit enhancements aligned to market practices.
• Ensure employee awareness and understanding of benefits.
• Monitor benefit costs and utilisation trends.
• Resolve escalated employee benefit queries.

Payroll Governance and Oversight

• Oversee payroll operations to ensure accurate and timely payroll processing.
• Monitor payroll controls and approval processes.
• Ensure payroll compliance with legislation and company policies.
• Review payroll reports and reconciliations.
• Manage payroll audits and implement corrective actions.
• Coordinate payroll-related stakeholder engagements.

Reward Governance and Compliance

• Develop and maintain remuneration and benefits policies, procedures and frameworks.
• Ensure compliance with labour legislation, tax legislation and governance requirements.
• Monitor governance risks related to remuneration and payroll.
• Provide governance reports to management and governance structures.
• Support internal and external audit processes.

Reporting and Analytics

• Prepare remuneration, payroll and benefits reports for management and governance structures.
• Analyse remuneration and payroll trends and provide recommendations.
• Monitor remuneration expenditure and headcount trends.
• Support workforce planning and budgeting processes.

Stakeholder and vendor management

• Manage relationships with payroll, benefits and remuneration service providers.
• Monitor vendor performance against service level agreements.
• Engage with internal stakeholders on REM-related matters.
• Coordinate communication relating to remuneration and benefits matters.

Team Leadership

• Lead and manage the REM and payroll team
• Allocate work and monitor team performance
• Develop team capability and technical competence.
• Conduct performance management and coaching sessions.

Closing Date:  15 August 2026

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REQUIRED MINIMUM QUALIFICATIONS AND EXPERIENCE:

• Matric and Bachelor’s degree (NQF 7) in Accounting or equivalent qualification.
• 5 years’ experience in management and reporting of third-party fund.
• Professional certification will be an added advantage.
• Honour’s degree (NQF 8) in Accounting or equivalent qualification may serve as an added advantage.

DESIRED ADDITIONAL SKILLS/ COMPETENCIES:

• Understanding of accounting standards applied in State Owned Entities
• Advanced application of GRAP and related accounting standards
• Interpretation of National Treasury Regulations and Public Finance Management legislation
• Financial statement preparation, analysis, interpretation and disclosure requirements
• Technical accounting and taxation principles
• Financial risk management and internal control frameworks
• Continuous improvement methodologies for financial processes
• Communication, analytical and reporting skills
• Ability to manage people, time and workflows
• Stakeholder influencing and advisory skills
• Root cause analysis and problem-solving skills
• Technical accounting interpretation, financial analysis and decision support.
• Financial risk assessment and process improvement
• Ability to work under pressure

KEY PERFORMANCE INDICATORS:

Financial reporting

• Prepare EQF IFS and AFS for submission to EQF Manager for review.
• Prepare monthly and quarterly EQF financial and non-financial performance reports for review by the EQF Manager.
• Prepare EQF presentations for review by EQF Manager.
• Calculate the daily and Monthly BFP and prepare all necessary reports in relation to BFP.
• Review and resolve complex accounting and reporting matters to ensure accurate financial reporting.
• Analyse financial results, investigate significant variances and recommend corrective actions where required.
• Interpret and apply GRAP, Treasury Regulations and applicable financial legislation in preparing financial reports.
• Review the quality, completeness and integrity of financial information prior to submission.

Tax Submissions  

• Establish working methods for the submission of tax returns and provide guidelines to Accountants to avoid penalties.
• Review tax returns, SARS requests and reports and tax reconciliations.
• Coordinate the timeous preparation of tax calculations by the external service provider. Review VAT for return submissions per subsidiary.
• Submit tax returns and income tax returns.
• Interpret taxation legislation applicable to the Equalisation Fund.
• Resolve complex taxation queries and exceptions.
• Review tax risks and recommend appropriate mitigation measures.
• Evaluate the financial implications of changes in taxation legislation.

Audit Process Facilitation

• Oversee the development action plan for internal and external audit findings.
• Oversee the process of implementation of the audit action plans for the AFS report accordingly.
• Monitor the execution of action plans by subsidiaries and report accordingly.
• Investigate the root causes of audit findings and recommend sustainable corrective actions.
• Provide technical responses to internal and external audit queries.
• Evaluate the effectiveness of implemented corrective actions.
• Identify opportunities to strengthen governance and financial controls.

Internal controls/Financial controls

• Identify emerging financial risks and recommend appropriate mitigation strategies and act as the risk champion for EQF.
• Consolidate and report back on implementation of risk mitigation plans.
• Develop and maintain EQF policies, procedures and process manuals.
• Ensure standard Finance, Treasury and SCM Policy Framework across EQF by reviewing financial policies and processes and recommend continuous improvement initiatives. Monitor compliance to GRAP and National Treasury reporting guidelines.
• Evaluate the adequacy and effectiveness of financial controls and application software for transactions and financial reporting and recommend the adequate system.
• Review and identify potential control weaknesses and report to the IFRS specialist.
• Ensure the accurate implementation of financial policies and accounting standards and report any exceptions

Transactional Accounting Functions

Perform day-to-day transactional functions encompassing the following:

• Payments
• Management of ledger accounts - preparation and posting of journals
• Technical accounting matters
• Perform monthly reconciliations and verification of third-party payments.
• Manage loan accounts.
• Collaborate with SCM in managing timeous payment of creditors.
• Implement revenue management function.
• Prepare payments of levy claims by the oil industry.
• Ensure payment of suppliers in accordance with Treasury Regulations.
• Follow-up on the debtors and advise on overdue debts and propose solutions.
• Compile Compliance Certificates on clearing of accounts and provide reasons for accounts not cleared.
• Provide technical oversight over transactional accounting activities.
• Investigate and resolve complex reconciliation differences.
• Review unusual accounting transactions and determine appropriate accounting treatment.
• Monitor ledger integrity and resolve accounting exceptions.
• Recommend improvements to accounting processes and controls.

People Management

• Develop staff plans to manage the staff availability.
• Manage the administration of staff i.e. leave approval and travel expense approval.
• Conduct quarterly performance reviews of subordinates and attend to areas of non-performance.
• Identify training and development opportunities for subordinates.
• Provide technical coaching and mentorship to subordinates on financial management issues and on complex accounting matters.
• Develop technical capability within the accounting team
• Participate in the recruitment of staff members.
• Supervise outputs to ensure the deliverables of the Department are met.
• Review accounting outputs to ensure compliance with accounting standards.
• Promote knowledge sharing and continuous professional development.

Thought leadership

• Research on the fuel price matters and contribute to changes in the EQF operations.
• Attend and lead awareness workshops in relation to EQF activities.
• Research /develop new financial management techniques.
• Promote best practice in financial management across the Equalisation Fund.

Closing Date:  20 August 2026