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East London: Assistant Director (Reconciliation) – 06 Months Contract

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Job Description

About the Role

We are seeking a highly skilled and experienced Assistant Director to join our team in East London on a 6-month contract. The successful candidate will be responsible for ensuring the smooth operation of financial management processes, budget control, and reconciliation. This is an excellent opportunity to take on new challenges and contribute to the success of our organization.

Key Responsibilities

  • Manage and coordinate the MTEF, drawings, budget adjustment, and ENE process.
  • Ensure that the appropriate budget of the Branch is correctly allocated to the relevant responsibilities/cost centres.
  • Realign the budget in line with operational needs for the branch.
  • Manage the funds shift process.
  • Manage Restitution Households and Current Payment.
  • Ensure compliance to internal and external financial prescripts when processing payments.
  • Verify and authorise payments in line with delegated responsibilities.
  • Ensure that payments are processed within the laid down time frames and correctly in terms of SCOA allocations.
  • Manage Expenditure & Commitment Register.
  • Analyze and monitor the expenditure trends against the spending plans and drawings payment volumes, and financial commitments, ensuring alignment with national budget expectations.
  • Identify risks to financial performance (e.g. slow disbursements) and implement rapid corrective measures.
  • Project Reconciliation: Reconcile new approvals and old approvals to ensure that household payments are effected.
  • Take effective and appropriate steps to avoid unauthorized, irregular and fruitless & wasteful expenditures.
  • Compile and Coordinate Financial Reports
  • Report on spending against the monthly cash flow projections (IYM) and spending plans for the branch.
  • Provide expenditure reports and projects analysis reports to line managers.
  • Provide financial management information and advice to line managers.

Requirements

  • 3-5 years working experience in the Financial Management environment with supervisory experience.
  • Knowledge of Public Service financial legislations, procedures and Treasury Regulations.
  • Financial systems including Basic Accounting System (BAS).
  • Public Financial Management Act (PFMA).
  • Division of Revenue Act.
  • Sound Financial Management Knowledge.
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Qualifications

  • Bachelor’s Degree/National Diploma in accounting/ Cost and Management Accounting/ internal Audit/Financial Management or equivalent qualification.

Salary & Benefits

Salary will be discussed during the interview process.

About Accounting / Finance Jobs in Buffalo City

When it comes to Accounting and Finance positions in Buffalo City, South Africa, the general job market trends indicate a steady demand for skilled professionals in these fields. Typically, companies across various industries require accountants and finance specialists to manage their financial operations, ensure compliance with regulations, and provide strategic financial insights.

Generally, salaries for accounting and finance roles in Buffalo City can range from R400 000 to R800 000 per annum, depending on factors such as experience, company size, industry sector, and qualifications. However, it’s essential to note that these are broad ranges, and actual salaries may vary significantly based on individual circumstances. For instance, a finance manager with extensive experience in the manufacturing sector might earn closer to the higher end of this range, while an entry-level accountant in a smaller company might start at the lower end.

Common skills required for accounting and finance roles include strong analytical and problem-solving abilities, proficiency in financial software such as Xero or SAP, attention to detail, excellent communication and interpersonal skills, and knowledge of accounting standards and regulations. Typically, companies look for professionals with a degree in accounting or finance, as well as relevant certifications such as the Certified Public Accountant (CPA) designation.

Accounting and finance roles can be found across various industry sectors, including financial services, technology, manufacturing, and healthcare. Financial services sector, for example, often requires accountants and finance specialists to manage client relationships, ensure regulatory compliance, and provide financial analysis and planning support.

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Career development opportunities for accounting and finance professionals in Buffalo City are plentiful. Typically, entry-level positions can progress to senior roles within a few years, with opportunities to specialize in areas such as tax consulting, auditing, or financial planning. Many companies also offer training and development programs to help employees enhance their skills and advance their careers. With dedication and hard work, accounting and finance professionals can enjoy rewarding and challenging careers in Buffalo City.


This information provides general career guidance. Actual salaries and requirements vary by employer.



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