State Accountant: Cash & Revenue Management

SALARY : R338 106 – R398 277 per annum (Level 07), (an all-inclusive remuneration) 

CENTRE : Head Office (Qonce) 

REQUIREMENTS :

• National Senior Certificate plus a National Diploma (NQF Level 6) or B. Degree (NQF level 7 as recognised by SAQA) in Accounting/ Cost & Management Accounting/ Financial Management/ Internal Audit qualifications with at least 1 to 2 years’ experience within the public sector expenditure management field and payment of employee benefits.
• Public sector finances experience in budgeting and revenue management will be added advantage. Knowledge of financial systems (LOGIS, PERSAL and BAS) and be able to interpret NERF and Standard Chart of Accounts (SCoA). Knowledge of Public Service Regulations, Legislations / policies / prescripts, and procedures.
• Knowledge of Treasury Regulations and Division of Revenue Act (DORA), understanding of the Public Finance Management Act (PFMA) and Appropriation Act. Preferential Procurement Policy Framework Act (PPPFA), Financial Regulations Knowledge of Batho Pele principles. Computer literacy specializing in Advanced EXCEL and PowerPoint Presentation. Good communication and report writing skills.
• Sound organisational skills. People management. Customer / client orientated approach and ability to work under pressure and independently. A valid driving licence (Code 8) is required. 

DUTIES :

• Ensure Collection and Deposit of Revenue. Receive and account for all revenue collected by the department. Verify the accuracy and completeness of revenue collection documentation.
• Ensure that all revenue is deposited into the relevant bank account within prescribed timeframes. Capture and record revenue transactions on the relevant financial management systems. Monitor outstanding revenue and follow up on unpaid amounts. Ensure compliance with the Public Finance Management Act (PFMA), Treasury Regulations and departmental policies relating to revenue collection. Maintain proper records and support documentation for all revenue transactions. Identify and classify departmental revenue sources in accordance with applicable legislation.
• Monitor revenue trends and analyse revenue generated from various sources. Verify that all revenue received is correctly allocated to the appropriate revenue codes. Assist in identifying opportunities to improve revenue collection processes. Compile reports on revenue generated from different revenue streams. Ensure accurate recording and reporting of departmental revenue. Render cash flow Management. Monitor daily cash balances and cash movements.
• Prepare cash flow forecasts and projections. Monitor cash availability to ensure operational requirements are met. Compile periodic cash flow reports for management. Liaise with relevant stakeholders regarding cash flow requirements. Identify potential cash flow risks and recommend corrective measures. Ensure effective management of cash resources in accordance with Treasury guidelines Render Cash Reconciliation. Perform daily, weekly and monthly cash reconciliations.
• Reconcile bank statements with departmental financial records. Investigate and resolve cash and banking discrepancies. Reconcile suspense accounts and outstanding transactions. Maintain complete reconciliation records and audit trails. Prepare reconciliation reports for management review. Assist with internal and external audit requests relating to cash and revenue transactions.