Chief Officer: Finance Team Lead at The South African Medical Research Council (SAMRC)

Job Description

• The Contracts Team Lead is directly responsible for management of the externally funded contracts Accounts Payable section of the Finance Division, ensuring that duties in relation to the accounts payable are carried out to the required standards to achieve the SAMRC financial and business objectives and contract specific requirements.
• The role is responsible to ensure all accounts payable transactions are accurately and timeously accounted for, ensuring all financial policies, applicable legislation, and internal control procedures are adhered to including contract specific requirements.
• The incumbent should have solid knowledge of Public Finance Management Act, 1999 and National Treasury Regulations; as well as Statements of GRAP; Supply Chain regulations and VAT to meet the challenges of this post.

Key Responsibility Areas will include the following:

• Register the foreign donor funded project (FDFP);
• Prepare and submit the VAT returns for the FDFP; approve the payments for externally funded projects;
• Manage and coordinate the submissions of payment requests for specific projects;
• Establishing the process for FDFP VAT claims; invoicing etc.;
• Prepare monthly reports and submissions as required by the various funders;
• Supervising the contracts team;
• Financial quality control assurance of processed invoices, payments, subsistence and travel transactions, and debtors invoices and receipts.

Core Requirements:

• 3-year accounting degree
• 3 years post qualification supervisory Finance experience with VAT
• SAICA – AGA(SA) membership or any other accredited accounting professional body
• Knowledge of Public Finance Management Act, 1999 and National Treasury Regulations
• Solid knowledge and experience of working with GRAP, VAT, and supply chain regulations

Added Advantage:

• 3-year accounting degree with articles
• 5 years financial management & supervision experience