(1392) Project Accountant - CSD

South African Reserve Bank; South Africa; On-site; ZAR 600 000 - 800 000; Full time

Job summary

A leading financial institution in South Africa seeks a financial manager to oversee the management of financial activities within the Corporate Services Department's construction programmes. The candidate will be responsible for budgeting, expenditure management, and financial reporting, requiring a Bachelor's degree in accounting, along with 5-8 years of relevant experience in a construction environment. Proficiency in Oracle ERP is preferred for effective coordination and communication with project teams.

Qualifications

• Bachelor's degree in accounting is required.
• 5-8 years of financial management experience, ideally in a construction setting.
• Knowledge of Oracle ERP or similar accounting software is beneficial.

Responsibilities

• Oversee financial management activities across the Corporate Services Department.
• Prepare estimates and manage budgets effectively.
• Maintain detailed financial records and reports.

Skills

Intermediate to advanced computer literacy

Good written and verbal communication skills

Strong analytical skills

Problem-solving skills

Proactive service orientation

Education

Bachelor's Degree (NQF7) in accounting

Tools

Oracle ERP Accounting Software

Job description

Job Description

Brief description

The main purpose of this role is to oversee, monitor and co-ordinate financial management activities across the Corporate Services Department's construction programmes to ensure proactive and effective planning, coordination, accurate central document repository, execution, progress monitoring and reporting.

Detailed description

The successful candidate will be responsible for the following key performance areas:

• Prepare estimates, budget and manage expenditure within the approved budget.
• Centrally coordinate all financial management aspects of the CSD Programmes.
• Effectively communicate with Programme and Project Managers (PM), Controls Lead, and any other relevant stakeholders regarding project financial matters.
• Collaborate with Financial Services Department in the creation and set up of a suitable project accounting structure, linked to the relevant financial processes and activities, in the Oracle ERP accounting system.
• Maintain detailed records of all financial management artefacts for the project in a central document repository, structured appropriately to meet all audit and governance requirements.
• Oversight, tracking and attestation of services delivered in accordance with approved milestones, deliverables, contracts, review and approval of supplier invoices prior to payment, in close collaboration with Programme and Project Managers.
• Centrally coordinate the compilation of a detailed programme budget by liaising with all key stakeholders.
• Ongoing budget, variance, forecasting and expenditure management.
• Generate monthly variance reports for management approval.
• Prepare budget motivations as and when required.
• Generate and distribute regular, accurate financial status reports to key stakeholders.
• Prepare financial reconciliations and distribute for management approval.
• Recommend and implement agreed process improvements to the financial management activities.Provide support of auditor requirements, which may include research and reconcilement.
• Perform additional assignments, as directed by the Controls Lead.
• Communicate and coordinate with the project teams.

Qualifications

Job requirements

• a Bachelor's Degree (NQF7) in accounting.
• Intermediate to advanced computer literacy, including experience in word processing, spreadsheets and accounting software.
• Five to eight years of financial management experience, with at least 2-3 years in a construction environment.

Additional details

• knowledge of Oracle ERP Accounting Software or other accounting platform will be beneficial.
• a thorough knowledge of standard contract terms, including hourly, lump sum, not-to-exceed and how they are applied in the billing process.
• ability to work well with others under deadline situations and respond to changes in priorities.
• good written and verbal communication skills and strong analytical skills.
• ability to work independently, take initiative, set priorities and see projects through to completion.
• employ problem-solving skills and analysis, and report problems to Controls Lead, as necessary.
• strong proactive service orientation.
• knowledge of the project structure in a client/consultant business environment.

About Us

About SARB

Primary mandate of the SARB

Section 224 of the Constitution of South Africa states the mandate of the SARB as follows:

The primary object of the South African Reserve Bank is to protect the value of the currency in the interest of balanced and sustainable economic growth in the Republic.

The South African Reserve Bank, in support of its primary objective, must perform its functions independently and without fear, favour or prejudice.

Monetary Policy

The Constitution gives the SARB the mandate to protect the value of the rand. We use interest rates to keep inflation low and steady.

Financial Stability

The SARB has a mandate to protect and enhance financial stability. We identify and mitigate systemic risks that might disrupt the financial system.

Prudential Regulation

The Prudential Authority regulates financial institutions and market infrastructures to promote and enhance their safety and soundness, and support financial stability.

Financial Markets

Open market operations are the main tool we use to implement monetary policy. We manage South Africa's gold and foreign exchange reserves.

Financial Surveillance

The SARB is responsible for regulating cross-border transactions, preventing the abuse of the financial system and supporting the regulation of financial institutions.

Payments and Settlements

The SARB is responsible for ensuring the safety and soundness of the national payment system, which is the backbone of South Africa's modern financial system.

Statistics

The SARB provides important economic and financial statistics that present an overview of the economic situation in South Africa.

Research

Research conducted by the SARB focuses on economics, financial stability, banking and emerging trends in finance. Our research supports policy decision-making.

Banknotes and Coin

The SARB has the sole right to make, issue and destroy banknotes and coin in South Africa.

About the Team

Corporate Services Department (CSD)