Road Accident Fund invites interested candidates to apply for Finance Support vacancy.
Closing date for applications: 05 November 2024
Finance Support vacancy
Purpose: 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.
- Elimination of duplicate payments through implementation of effective internal controls
- Maintain and develop good relations with claimants, attorneys, firms and colleagues
Financial Management
- Implementation of and adherence to financial management principles to ensure valid, accurate and complete payments pertaining to petty cash.
- Appropriate implementation of and adherence to applicable Policies and procedures.
- Interrogate supporting payment documents for accuracy, validity and completeness.
- Continuous improvement in internal controls iro 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 relations
- Assist with inquiries and requests for information from both internal and external stakeholder
- 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.
RELATED OPPORTUNITIES:
Qualification
- Bachelor’s Degree/ Advanced Diploma in Commerce/Financial Accounting/Accounting related qualification.
Experience
- Relevant 3 years’ experience in a financial environment.
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.
How to apply
Apply online at Road Accident Fund vacancies portal.
Applicants who have not received any correspondence from us within six weeks from the closing date can consider themselves unsuccessful.