Risk & Accounting Officer

Rand Water; South Africa; On-site; ZAR 200 000 - 300 000; Full time

Job summary

A leading water utility company in South Africa is seeking a Risk and Accounting Officer to support financial risk and accounting functions. Candidates should possess a degree in Accounting or Finance and have prior experience in a treasury environment. The role involves processing financial transactions, ensuring compliance with policies, and preparing financial reports. This position demands attention to detail and effective communication skills within a collaborative team environment.

Qualifications

• Minimum of 1-2 years' experience in accounting and risks within the Treasury environment including knowledge of IFRS.
• Experience in a treasury environment preferred.
• Advanced proficiency in Excel.

Responsibilities

• Process and record financial transactions relating to treasury operations with accuracy and timeliness.
• Prepare accounting journals for derivatives, money market instruments, investments and borrowings.
• Ensure compliance with IFRS and internal policies.

Skills

Ability to set priorities and exercise independent judgment

Ability to work well under the pressure of deadlines

Customer service oriented

High attention to detail

Effective communication skills

Team player

Proactive and accountable

Analytical and critical thinker

Education

Degree/ Diploma in Accounting/ Finance/ Risk Management (minimum NQF Level 6)

Tools

SAP system

Microsoft Excel

Job description

Job Details

Closing Date: 2026/02/12

Reference Number: RAN260130-2

Job Title: RISK & ACCOUNTING OFFICER

Portfolio: Finance

Job Type Classification: Permanent

Location - Country: South Africa

Location - Province: Gauteng

Location - Town / City: Glenvista

Location - Site: Rietvlei

Job Advert Summary:

Rand Water is currently looking for the Risk and Accounting Officer to provide support to the Senior Treasury Accountant and Senior Manager Middle Office to ensure the effective management of financial risks and accounting functions within Rand Water and its subsidiaries (Rand Water Group). The Risk & Accounting Officer will also be responsible for the timeous and accurate processing of all the bank reconciliations and other accounting ledgers, processing of monthly journals and assisting with the budget and financial risk management, attending to queries, and other ad-hoc duties.

Minimum Requirements

• Degree/ Diploma in Accounting/ Finance/ Risk Management (minimum NQF Level 6)
• Desired/advantageous: Minimum of 1-2 years' experience in accounting and risks within the Treasury environment including knowledge of IFRS, SAP system and Treasury Systems.

Primary Duties

• Process and record financial transactions relating to treasury operations with accuracy and timeliness;
• Prepare accounting journals for derivatives, money market instruments, investment and borrowings journals;
• Prepare timely and accurate bank and general ledger reconciliation;
• Capturing forex and international payments on SAP to update the cash book, to ensure that all forex requested and international payments are recorded to update the cash-book and cleared against the statements;
• Clearing, allocating deposits and rejections, ensuring that all the unallocated items are investigated;
• Responsible for ensuring accuracy, completeness, and timeliness of financial records.
• Assist in preparation of Treasury management accounts reports;
• Assist in the preparation of financial notes and reports related to treasury operations.
• Assist with Treasury-related disclosures for the Rand Water Group;
• Generate supporting required statements, schedules, and reports by internal and external auditors;
• Ensure compliance with IFRS, internal policies, and regulatory reporting requirements;
• Assist with the preparation and monitoring of the Treasury department budget;
• Prepares and provides monthly budget variances;
• Follow up on outstanding queries and filing all necessary documents;
• Prepare and update the Counterparty exposure reports and related risk schedules;
• Supports compliance and risk management initiatives within treasury operations;
• Assist the Senior Treasury Accountant and Senior Treasury Manager Middle Office with the implementation and monitoring of internal controls;
• Ensure adherence to the Corporate Treasury Policy and Process Control Manuals;
• Assist with reviews of the Finance Division and Strategic risk register by gathering required information and consolidation;
• Maintain organized, complete, and auditable financial and treasury documentation;
• Ensure all supporting documentation and records are properly filed and easily retrievable.

Knowledge

• Previous experience in a treasury environment
• Knowledge of Financial Markets
• Knowledge of SAP system and Treasury Systems
• Advanced proficiency in Excel and strong competency across Microsoft Office applications

Skills

• Ability to set priorities and exercise independent judgment
• Ability to work well under the pressure of deadlines
• Ability to organize high volumes of detail
• Customer service orientated
• Planning/Organization/Follow Through
• High attention to detail
• Effective communication skills
• A team player and cooperative
• Results-driven and demonstrates initiative

Attitude

• High level of integrity and ethical conduct
• Proactive and accountable
• Analytical and critical thinker
• Professional conduct in communication and behaviour
• Continuous learning mindset
• Self-esteem and confidence