Transnet New Vacancies

This advert is open for application by external applicants.
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designated groups in line with the Employment Equity Plan and Targets of the Organisation/Operating
Division.
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The closing date is on 10.11.2021. It is the responsibility of the applicant to ensure that HR has received the application
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Operating Division : Transnet Group Services
Position Title : Senior Specialist: PFMA Compliance & Monitoring
Employee Group : Permanent
Department : Finance
Location : Johannesburg
Reporting To : General Manager
Grade Level : C
Reference Number : 6003792
Position Purpose:

  • Provide leadership and guidance in the design, implementation, testing and documenting of the Transnet Groupwide

PFMA adherence program in accordance with the National Treasury Framework and applicable regulatory universe

  • Provide assurance to Finance management on the prevention of PFMA violations, and reduction and elimination of PFMA

transgressions at all organisational levels by establishing and rolling out effective monitoring and compliance systems acrossTransnet

  • Ensure ongoing review and monitoring of compliance to the PFMA through the institution of proper oversight and reporting

protocolsPosition outputs:

PFMA compliance and monitoring

  • Lead and guide the development of the PFMA strategy, framework and the PFMA compliance work plan for Transnet

ensuring alignment with Group Finance’s overall strategy and corporate governance requirements

  • Define Transnet-wide system integration requirements, design specifications and systems documentation to facilitate

PFMA compliance (process flow)

  • Oversee and ensure continuous communication to all Transnet employees and the Board on internal control frameworks

in relation to PFMA prescripts

  • Entrench and embed PFMA understanding and compliance through the development of appropriate training programmes

and initiatives for all relevant stakeholders in collaboration with the Transnet Academy

  • Act as Transnet Group custodian and lead specialist to promote and enforce transparency in respect of potential revenue

leakages, irregular and fruitless expenditure, and asset losses and liabilities across the Group, in order to reduce andeliminate PFMA transgressions at all levels

  • Lead and guide the review and monitoring of compliance with PFMA, governance protocols and risk controls in all

Transnet operations

  • Direct the development and groupwide utilisation of templates, tools and frameworks for PFMA compliance and Internal

Controls monitoring

  • Centrally track, monitor, evaluate and report on Transnet PFMA-related losses, Audit findings and corrective action and

mitigation implemented to address PFMA transgressions that led to the losses so as to ensure prevention in future

  • Manage and facilitate documentation and processes for the GCFO, EXCO, Board and National Treasury Condonations,

removals and or write-offs of all PFMA reported violations in line with the PFMA policy and framework

  • Oversee the development, facilitation and monitoring of PFMA compliance improvement projects and initiatives across

TransnetPeople management

  • Coach, mentor and develop employees as required

Financial management

  • Manage expenditure in line with business priorities and within budgetary constraints, and report deviations

Qualifications & Experience:

  • B Com Accounting and qualification as CA (SA) is required
  • At least 12 years’ experience in Finance within a complex SOE, of which 5 years at a senior managerial level
  • Hands-on experience with PFMA and associated monitoring and evaluation processes and compliance management is

required

  • Public sector audit experience will be an added advantage
  • Requirement of trust and honesty in the handling of Finances as per the National Credit Act Amendment 19

Standard Job Requirements

  • Driver’s license code 08
  • Travel as required and approved

Competencies:
Functional competencies
Finance (PFMA Related)

  • PFMA Financial reporting and compliance
  • Complex change-management capability
  • PFMA IFWE Financial Analysis: Analysing irregular and fruitless and wasteful expenditure results and providing

professional advice and expert financial analytical insight through complex (PFMA analysis) proficiency and providing
PFMA System (Fin Tech System – PFMA Reporting Tool)

  • Managing and maintaining the integrity of accounting-information systems (PFMA reporting
  • Accounting applications (in relation to NT reporting requirements
  • Technology developments and IT solutions

Management Decision Making and Control

  • Informed strategy-formulation (Problem solving capability)
  • Management reporting: Communication of complex PFMA related financial data and variance analysis
  • Maintaining standards through continuous learning

Strategy, Risk Management and Governance

  • Providing strategic insight and effectively structure and distribute organisational mechanisms
  • Finance risk management policies and procedures – Design and implement risk- management protocols across

organisational functions

  • Finance risk identification, assessment, response and reporting

Internal and External audit and control

  • Benchmarking
  • Governance: Legal and Compliance

Behavioural Competencies:
Strategy & Sustainability

  • Translates strategies into measurable goals and objectives to achieve the organisations vision.
  • Keeps abreast of internal and external factors that can impact the business; is aware of developments in organisational

structures, economics and politics where relevant

  • Generates new ideas or solutions by thinking “outside of the box”; reviews current processes or systems and identifies

ways to optimise them
Inspirational Leadership

  • Inspires, motivates and empowers team members to do their best
  • Provides clear direction and sets performance standards/requirements for the team.
  • Manages and directs change initiatives.
  • Manages and promotes equal opportunity and has an appreciation for diversity in the workplace.

Business Performance and Delivery

  • Manages the business to be more efficient and effective
  • Is decisive and takes full accountability for decisions
  • Understands and deals with various business situations using obtained knowledge and a broad spectrum of expertise
  • Thinks in a systemic way and is open to new approaches

Relationship Management

  • Communicates the business strategy and objectives in a clear and manner
  • Build wide and effective relationships with people inside and outside of the organisation to help achieve the organisations

goals and objectives.

  • Leads by example; strives for a customer centric culture where everyone acts with the customer in mind
  • Identifies and influences key decision makers using strong persuasive techniques and creates a strong personal

impression that leads to buy in from others
Governance & Compliance

  • Always work in the best interest of the organisation and aligns business practices to the ethical obligations and good

corporate governance.

  • Takes full responsibility for adherence to safety practices within the department
  • Drives and embeds sound risk management practices

Personal Mastery

  • Shows an openness to undertake activities to enrich and improve self
  • Perseveres and overcomes obstacles; faces challenges with confidence and bravely
  • Is aware of own emotions and is able to keep emotions under control during difficult situations
  • Accepts and tackles demanding goals with enthusiasm

Job Type: Permanent

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