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The Overberg Water Board Is Looking For A Financial Accountant: You Must Have A Degree In Finance From A Recognised Tertiary Institution

Finance May 6, 2024

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YOU MUST HAVE: Understanding of public sector financial reporting including the financial reporting framework (GRAP)

The Overberg Water Board Is Looking For A Financial Accountant: You Must Have A Degree In Finance From A Recognised Tertiary Institution

Description

Overberg Water is a Water Board established in terms of section 28 of Water Services Act, (No 108 of 1997) and is classified as Government Business Enterprise as per Schedule 3B of the Public Finance Management Act (No. 1 of 1999) as amended.

Requirements

Government Business Enterprise as per Schedule 3B of the Public Finance Management Act (No. 1 of 1999) as amended.

Required Experience, Qualifications and Skills

Degree in finance from a recognised tertiary institution equivalent to a minimum of NQF Level 7 and preferably NQF Level 8.
At least 3 to 5 years relevant experience as a financial accountant.

At least 3 years’ experience in preparing annual financial statements.
Understanding of public sector financial reporting including the financial reporting framework (GRAP)
Proficient in Microsoft excel.

Ability to work independently with minimum supervision and under pressure.
Willingness to learn

Main duties/responsibilities

Financial Reporting
1. Preparation of annual financial statements
2. Preparation of monthly and quarterly internal financial reports
3. Preparation of external statutory quarterly financial reports.
4. Preparation of ENE and MTEC for submission to the National Treasury annually.
5. Perform monthly variance analysis budget against expenditure.
Financial accounting

Responsible for the daily execution of the day to day financial and accounting function including not limited to;
- accounts payable and receivable
- inventory and fixed assets
- Income, revenue, expenditure and cashbook
Review monthly reconciliations and to ensure accuracy and maintenance of the general ledger and trial balance.
Ensure billing and collection of revenue.

Ensure timeous and accurate payment to suppliers including VAT.
Ensure annual assets verifications are conducted and all reconciling items are cleared.
Review journals for adjusting of asset register from the asset management consulting.

Ensure monthly and annual inventory verifications and the clearing of reconciling items.
Maintain a valid accurate, accurate and complete General Ledger and Trial Balance.
Manage the performance of a small team of accountants.

Draft submissions and memorandums for the approval transactions and events by management.
Assist with the review and development of policies and procedures.
Assist with ad hoc projects and participate in Bid Committees.