Road Accident Fund Accounting / Finance Jobs in Johannesburg
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Key Performance Areas
Management of claims payment process
- Verify and approve claims payments in line with DOA by confirming the accuracy, validity ,completeness and existence of a payment by inspecting supporting documentation to confirm the following:
- Payee to the trigger and supporting documents (per above).
- Banking details to both the trigger document and any supporting documents.
- Resolve duplicates within 5 working days and take appropriate corrective action.
- Report on appropriate actions to be followed on fruitless and wasteful expenditure incurred as well as advising on ways of preventing or reducing fruitless expenditure.
- Ensure that the turnaround times for the submission of batch per expectation/requirement is done within the 5 days’ timelines after being received from finalisation.
- Maintain and develop good relationship with claimants, attorney firms and staff members.
- Ensure continuous implementation and improvement of internal controls for claims payments.
- Follow up on all outstanding batch payments at finance.
- Attend to queries and discrepancies in relation to missing payments within the finance department.
- Ensure that all payments submitted to Treasury at Head Office are processed as per batch serial numbers.
- Ensure that payments that have discrepancies/queries are returned to finalisation Department.
- Reconcile finalisation payment reports against EA for approvals.
Financial Management including bank and cash management
- Implementation of and adherence to financial management principles to ensure valid, accurate and complete payments pertaining to petty cash.
- Effective internal controls and compliance to required supporting source documents (i.e receipts, deposit books etc).
- Follow up on reconciling items to ensure timeous resolution.
- Ensure that all petty cash transactions captured and saved on SAP, are in the correct accounting period.
- Review monthly petty cash reconciliations reports, check supporting documentation and ensure that they are submitted to treasury (HO) on a monthly basis.
- Ensure timely banking of cheques and cash received as per policy.
- Ensure that deposit breakdowns are allocated in the correct bank accounts and general ledger.
- Perform petty cash counts.
- Monthly reporting relating to Petty Cash.
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Reporting
- Contribute to the preparation and submission of Regulation reports.
- Aid in the development of functional reporting systems, for management, project or performance reporting.
- Report regularly and periodically, perform necessary submissions as and when required to provide progress updates and/or inform management decisions.
Compliance, Monitoring and evaluation
- Monitored service delivery of claims payment function.
- Ensure that fallout reports on claims payments are investigated and actioned timeously.
- Monitor claims payments (from request, to batching, to payment) and manage exceptions.
- Deal with claims payment queries and ensure resolved timeously.
- Ensure appropriate implementation of and adherence to Policies and procedure.
Stakeholder Management
- Aid in proactive and progressive relationships with key stakeholders.
- Deal with inquiries and requests for information from both internal and external stakeholders.
- Aid in the maintenance of relationships with vendors, service providers or procurement teams and ensure that all relevant procured items are invoiced and paid on time.
Qualification
- Bachelor’s degree/ Advanced Diploma in Finance/Commerce/Accounting related qualification
Experience
- Relevant 4 years’ experience in a financial environment.
- SAP experience will be advantageous.
Technical and behavioral competencies required
- Reconciliation experience
- Knowledge of Financial management
- Knowledge of the Public Finance Management Act
- Knowledge of Treasury Regulations
- Computer literate – knowledge of Microsoft, financial and accounting software packages
- King IV
- Knowledge of Corporate Governance
- Cash and bank management
- Speed, accuracy and accountability
- Planning, Organising and Coordinating.
- Personal Mastery.
- Judgement and Decision Making.
- Ethics and Values.
- Client Service Orientation.
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