Road Accident Fund invites suitably qualified applicants to apply for Finance Support Officer vacancy.
Closing date: 21 February 2025
Finance Support Officer vacancy
The Officer: Finance Support is responsible to provide regional support by administering claims payments and ensuring an effective system of claims payments function through continuous improvement and resolution of stakeholder queries.
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.
- Amounts through verification of supporting documents.
- Payment is not a duplicate by ensuring the financial enquiry reports is attached to the EA as supporting documents payment.
- Elimination of duplicate payments through implementation of effective internal controls.
Financial Management including bank and cash management
- Implementation of and adherence to financial management principles to ensure valid, accurate and complete processing of Claims payments.
- Appropriate implementation of and adherence to applicable Policies and procedures
- Interrogate supporting payment documents for accuracy, validity and completeness
- Continuous improvement in internal controls of claims Payment Approval process
- Check completeness and accuracy of batch reports.
Reporting
- Assist in the preparation and submission of reports.
- Contribute to the development of functional reporting systems, for management, project or performance reporting.
Monitoring and Evaluation
- Adhere to the effectiveness in terms of service delivery of claims payment function.
- Report on non-compliance to the RAF claims payments, processes and procedures.
- Deal with queries and ensure that they are all resolved timeously.
General Administration
- Identify training and development needs for self
- Compliance with company policies and procedures
- Assist in inducting new employees into the division
- Ensure that all administrative functions related to the role are executed
Stakeholder Management
- Assist with inquiries and requests for information from both internal and external stakeholders.
- Contribute to 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 3 years’ experience in a financial environment.
Also Check: Department of Labour Internships (monthly stipend of R7,450.62)
Technical and behavioral competencies required
- Knowledge of financial software Packages and SAP.
- Ms Office package.
- Knowledge of cash and bank management.
- Knowledge of PFMA and accounting principle.
- Knowledge of public sector finance.
- Knowledge of corporate governance.
- Strong analytical capabilities.
- Speed and accuracy.
- Planning, Organising and Coordinating.
- Personal Mastery.
- Judgement and Decision Making.
- Ethics and Values.
- Client Service Orientation.
Application
Applicants who have not received any correspondence from us within six weeks from the closing date can consider themselves unsuccessful.
