TRANSNET OPPORTUNITY
Position Purpose
• Ensure correct identification, reporting and monitoring of the PFMA violations and related reviews and registers to make certain that TCC complies with the Regulations and requirements of the PFMA Act and different legislation/policies.
• Support the Senior Specialist: Governance, Risk and Compliance to overview and screen compliance with PFMA and different legislation/ insurance policies relevant to TCC together with figuring out and enforce PFMA enchantment initiatives to tackle non-compliance sustainably.
Position Outputs
1. Review and reveal compliance with PFMA and different relevant legislation/policies inside TCC.
2. Develop and put into effect PFMA initiatives, along with PFMA Accreditation and Awareness Training, to proactively discover PFMA reportable things throughout TCC and make certain mechanisms are in area to limit incidents/occurrences and document PFMA violations timeously.
3. Develop month quit and year-end PFMA reporting approaches and reviews to make certain timeous identification and reporting of PFMA violations. Ensure month-to-month violations are up to date for whole spend to make certain accuracy of PFMA loss reported. Analyse the PFMA violations and entire a full economic have an impact on evaluation to make sure accuracy of reporting monetary loss in the economic statements.
4. Review PFMA reportable things submitted via Junior Specialist PFMA Champions and make sure things are loaded on the PFMA reporting machine timeously.
5. Proactively screen PFMA reportable things and tune motion plans and resolutions are resolved via the due dates specified.
6. Proactively evaluation the PFMA reporting machine on a everyday groundwork to make certain PFMA reportable things are up to date with reputation and corrective motion taken with the aid of management.
7. Review PFMA register on a everyday foundation to make sure closure of end result management, willpower tests, condonations and write-offs.
8. Proactively interact with administration to discover any PFMA challenges and graph assist required by using the commercial enterprise to navigate thru PFMA challenges. Provide concern depend information the place conflicts occur on PFMA reportable things and classification thereof in phrases of the PFMA Act.
9. Review of PFMA Control Compliance Plan, PFMA Control Framework and Control Self-Assessment to make certain controls are in location to tackle PFMA dangers and legislative necessities throughout TCC.
10. Collaborate with useful departments e.g. SCM, Legal, and HR to make certain closure of PFMA reportable objects in phrases of PFMA.
11. Facilitate on behalf of the Senior Specialist: Governance, Risk and PFMA for the TCC Compliance, Risk and PFMA Forum chaired by means of the CFO to tackle PFMA reportable things as nicely as popularity of administration initiatives to minimize and file PFMA violations.
12. Facilitate month cease PFMA reporting to the Senior Specialist: Governance, Risk and PFMA, CFO and different forums/stakeholders.
13. Attend and power moves from the Group Internal Control & PFMA associated discussion board to make certain PFMA dangers is proactively recognized and mitigated throughout TCC.
14. Implement the compliance framework and make certain that enough tactics are put into region to make sure compliance with laws, rules and insurance policies inside the OD.
15. Review adequacy of key controls to mitigate in opposition to key dangers referring to to compliance with PFMA and different legislative requirements.
16. Review the consequences of compliance reviews and reveal compliance with policies, wellknown running procedures, felony and regulatory requirements.
17. Develop annual format for opinions and audits to be finished throughout more than one practical areas to furnish assurance on PFMA compliance. Obtain approval of sketch to make certain profitable execution throughout TCC. Assess useful resource necessities to execute on shipping of the annual plan.
18. Develop and sketch checking out strategy and applicable documentation to allow critiques and audits to be performed to furnish assurance on PFMA compliance.
19. Review audit programmes, work papers and documentation to guide PFMA compliance audits/ reviews.
20. Design and enhance analytical dashboards (CCM, Power BI, SAP reports) to proactively pick out transactions throughout SAP that do now not comply with the relevant strategies and should be in contravention of PFMA.
Qualifications and Experience
• Postgraduate Degree in Auditing/Accounting • 6-9 years’ journey is required with at least 5 years’ journey in an external/internal audit characteristic and inside public region (PFMA trip vital ), such as at least three years at a managerial level. • Requirement of believe and honesty in the coping with of budget as per the National Credit Act Amendment 19.
Competencies
• Implement environment friendly method adjustments regular with quality practices • Create a company subculture of compliance and shared accountability. • Analyse exterior IT tendencies for facts integrity and get entry to manipulate management. • Recommend new structures to automate present procedures and methods to re-engineer commercial enterprise system to efficaciously use new technology. • Own, pick out and use monetary and non-financial key overall performance indications in the organisation’s appraisals; interpret tendencies from monetary reports, extrapolate and consider hazard in complicated scenarios. • Interpret and analyse administration information, in the context of the exterior surroundings and commercial enterprise objectives, and to suggest decision-makers.