Senior Manager Process Control and Assurance

Senior Manager Process Control and Assurance

About the job Senior Manager Process Control and Assurance

Eskom Holdings SOC Ltd, a state-owned company wholly owned by the South African government, is seeking dynamic and results-oriented professionals to join our Finance Corporate Strategy Development team as Senior Advisors. In this pivotal role, you will contribute to shaping the future of energy in the nation by developing and implementing corporate strategies and scenario planning. Eskom offers immense opportunities for career growth and development within a supportive and inclusive environment.

Job Mission:

Eskom Holdings SOC Ltd is looking for a dynamic and experienced Senior advisor Financial Accounting to provide supervision, integration and control of transactions, to validate they are authorized, complete and accurate and in accordance with policies, procedures and applicable legislation, in support of sound financial control and discipline.

Key Performance Areas:

1. Lead and manage organisational process/internal control assurance, monitoring and advice:
   
   • Managing the implementation of the process/internal control and risk monitoring framework across the organisation.
   • Managing and prioritising the implementation of the formal national process control, internal controls and assurance plan across the organisation and divisions.
   • Managing and facilitating the consolidation and continuous review of the organisational process/internal control and assurance plan.
   • Assessing continuously the alignment of the plan to relevant process control manuals (PCMs) and policies which have financial risk implications.
   • Interpreting changes of economic and industry/market conditions, evaluating emerging control risks and impact on the organisation and divisions.
   • Providing strategic advisory service and guidance to Finance Business Partners and Finance/Site Business Centres regarding process controls, internal controls and associated risk management.
   • Prioritising and evaluating the implications of significant process/internal control deviations/ deficiencies and advising senior management.
   • Developing and implementing new/enhanced process controls to mitigate identified control deviations/deficiencies.
   • Influencing controls during the implementation of new business strategies to improve PCMs, policies and procedures in order to optimise process/internal controls.
   • Positioning and facilitating the integration with Integrated Risk Management, Forensic and Assurance, External Audit, Public Finance Management Act (PFMA) office, Ethics office, etc. at divisional/group level to manage process/internal control deviations/ deficiencies and associated risks.
   • Ensuring adequate controls are in place for all identified financial risks.
2. Conduct process control monitoring, assurance review, reporting, investigations, and mitigation:
   
   • Consolidating the reporting of all process/internal control deviations/contraventions, deficiencies and risks at divisional/group level.
   • Formulating and recommending mitigation strategies and process control enhancements across the organisation and divisions.
   • Maintaining a consolidated Root Cause Database of all findings, process control monitoring, internal and external audits at division/group level for follow up on corrective actions and management signoffs.
   • Performing a risk analysis to evaluate risk exposure at organisational and divisional level e.g. financial losses, image, reputation, etc.
   • Ranking findings and prioritising timeous corrective actions, mitigating controls for all significant findings or a high/increasing risk exposure at organisational and divisional level.
   • Escalating all identified fraud, irregular incidents to Forensic and Assurance for formal investigation.
   • Investigating PFMA incidents.
   • Facilitating the reporting on the function key performance areas.
3. Lead and manage the implementation, maintenance, and enhancement of standardised process/internal controls:
   
   • Advising on the development and improvement of policies, procedures and guidelines relevant to process/internal controls.
   • Advising and influencing the development of relevant and effective process/internal controls for the implementation/enhancement of systems and applications.
   • Managing and influencing the development and improvement of appropriate process/internal controls to protect the organisation and divisional resources.
   • Managing the implementation and maintenance of effective process/internal controls.
   • Evaluating the effective and efficient application of process/internal controls throughout the organisation and divisions focusing on areas of high/increasing risk.
   • Facilitating the execution of the process control monitoring, internal control and assurance plan across the organisation and divisions.
   • Assessing continuously the integrity and completeness of organisational process controls, internal controls and financial information produced.
   • Managing Group Finance and divisions capability to centrally evaluate system exception reports to identify control risks and mitigation opportunities.
   • Facilitating the organisational and divisional monthly business monitoring plan.
4. Lead and facilitate process/internal control and assurance training and awareness programmes:
   
   • Creating rules for process/internal control and assurance training and awareness programmes aligned to the functional strategy.
   • Facilitating training and awareness programmes regarding process/internal control and assurance across the organisation and divisions.
   • Providing a consulting and advisory service to the organisation and divisions regarding process/internal control and risk evaluation.
   • Articulating, implementing and providing training regarding the use of standard observation, performance, enquiry and confirmation techniques as additional tools to evaluate compliance with business process/internal controls.
   • Managing and facilitating the skills and talent management programme for the functional employees.
5. Lead and facilitate reviews regarding compliance with organisational governance strategy:
   
   • Formulating a plan to review and evaluate compliance with corporate governance.
   • Leading the reviews to assess the consistent application of relevant process control policies, procedures and legislation/regulations by business.
   • Advising and providing guidance regarding the impact of relevant financial legislation/regulations on policies and procedures at organisational and divisional level.
   • Defining and strategising reviews of business compliance with ethical behaviour practices and reporting.
   • Facilitating and consolidating Public Finance Management Act (PFMA) information and reporting.
   • Facilitating relevant PFMA awareness/training.

• B Degree/B Tech/Advanced Diploma in Accounting/Auditing/Finance at NQF7 with 360 credits
• 7 years experience in Auditing, managerial process/internal control, compliance, assurance, financial management experience

• Cost Control (Level 3)
• External Reporting (Level 4)
• External Requirements and Governance (Level 4)
• Financial Analysis (Level 4)
• Financial Information Compilation and Interpretation (Level 4)
• Financial Reporting (Level 4)
• Financial Systems (Level 4)
• Internal Control (Level 5)
• Legislative Financial (Level 4)
• Policy Interpretation, Formulation and Implementation (Level 4)
• International financial reporting standards (IFRS)
• Companies Act
• Public Finance Management Act (PFMA)
• Information Technology (IT) literate - Systems, Applications and Products (SAP)