Snr Specialist: FI, Risk, PFMA Mon&Compl

Transnet SOC Ltd


Date: 16 hours ago
City: Durban, KwaZulu-Natal
Contract type: Full time
Lead and guide the identification, assessment, response and reporting of Finance-related risks and compliance exposures

  • Provide leadership and guidance in the design, implementation, testing and documenting of the Transnet Port Terminals (TPT) PFMA program in accordance with Group Policy, the National Treasury Framework and applicable Legislation
  • Provide assurance to Finance management on measures to prevent PFMA violations by establishing and rolling out effective monitoring and compliance systems across TPT, and instituting proper oversight and reporting protocols
  • Ensuring the accuracy, completeness and validity of reportable PFMA information on the PFMA register and associated reports provided to Transnet Governing Bodies, National Treasury and External Audit.Position OutputsFinance Risk Management
  • Lead and direct the evaluation of identified Finance risks and their current level of exposure
  • Evaluate risk mitigation measures for Financial sustainability and emerging risks
  • Monitor and ensure the development and maintenance of the TPT Finance Risk Register
  • Manage the monitoring and reporting of Finance Risk Assurance activities and initiatives PFMA compliance and monitoring and reporting
  • Lead and guide the development of the PFMA strategy, framework and the PFMA compliance work plan for TPT ensuring alignment with Group Finance’s overall strategy and corporate governance requirements
  • Oversee and ensure continuous communication to all TPT employees and the TPT Exco on internal control frameworks in relation to PFMA prescripts
  • Entrench and embed PFMA understanding and compliance through the development of appropriate training programmes and initiatives for all relevant stakeholders in collaboration with SCM Governance
  • Lead and guide the review and monitoring of compliance with PFMA, governance protocols and risk controls in all Transnet operations
  • Direct the development and utilisation of templates, tools and frameworks for PFMA compliance and monitoring across TPT
  • Manage and facilitate the loss determination process for condonations applications across TPT, and review condonation applications before they are submitted to the CFO for onward approval
  • Manage and ensure the accuracy of PFMA opening balances, removals and or write-offs of all PFMA reported violations in line with the PFMA policy and framework
  • Oversee the development, facilitation and monitoring of PFMA compliance improvement projects and initiatives across TPT
  • Ensure timeous, complete, reliable and accurate PFMA reporting and PFMA registers in compliance with statutory objectives

People management

  • Coach, mentor, motivate and develop employees as required Financial management
  • Manage expenditure in line with business priorities and within budgetary constraints, and report deviations Qualifications and Experience
  • B Com Accounting with post graduate qualification in Audit / Controls, PFMA
  • CA (SA) or CIA is a distinct advantage
  • At least 8 - 10 years’ experience in Finance, of which 5 years at a managerial level within financial control or regulatory environment
  • Hands-on experience with PFMA and associated monitoring and evaluation processes and compliance management is required
  • Public sector audit experience will be an added advantage
  • Requirement of trust and honesty in the handling of Finances as per the National Credit Act Amendment 19CompetenciesSTRATEGY & SUSTAINABILITY FINANCE (PFMA RELATED) PFMA SYSTEMS (FIN TECH SYSTEMS – PFMA REPORTING TOOL) MANAGEMENT DECISIONMAKING AND CONTROL STRATEGY, RISK MANAGEMENT AND GOVERNANCE INSPIRATIONAL LEADERSHIP BUSINESS PERFORMANCE AND DELIVERY RELATIONSHIP MANAGEMENT CORPORATE GOVERNANCE & COMPLIANCE PERSONAL MASTERYEquity StatementPreference will be given to suitably qualified Applicants who are members of the designated groups in line with the Employment Equity Plan and Targets of the Organisation/Operating Division.
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