Functional Head: Financial Statements and Reporting Management at City of Tshwane

Reference number FISE591-2024
Job purpose

• To collect and process information from monthly financial statements to report on the financial position of the City of Tshwane, compile annual financial statements and annual consolidated financial statements, make available financial information in compliance with applicable legislation, render an internal support service and further the financial entries and activities relating to grants received, grant expenditure and revenue recognition

Appointment requirements

• An appropriate three-year career-related tertiary qualification (national diploma or degree) in Accounting or Financial Management or any other study field related to the position
• At least six years’ relevant working experience in a financial environment
• Supervisory experience will be an added advantage
• Must undergo vetting and a lifestyle audit
• Compliance with the MFMA unit standards, as prescribed by Regulation 493 of 15 June 2007, as published in Government Gazette 29967 of 15 June 2007, will be an added advantage
• A valid Code B driving licence
• Computer literacy with SAP and advanced Excel knowledge

Personal attributes and/or competencies

• Verbal and written communication skills; planning and organising skills; financial management skills; ability to work under pressure; good interpersonal skills; negotiation skills; conflict-handling skills

Primary functions

• Compile statement of financial performance and financial position, statement of changes in net assets and cash flow statement
• Co-coordinate and answer management queries of external auditors
• Print and distribute annual financial statements
• Assist with the compilation of annual consolidated financial statements
• Obtain necessary information with regard to municipal entities that need to be consolidated
• Identify intercompany transactions for elimination
• Compile statements and notes to financial statements
• Make available financial information
• Collect and process information from monthly financial statements and SAP reports
• Make estimates and calculate ratios
• Complete quarterly and annual questionnaires of Statistics South Africa and reserve bank
• Monitor cash-backing requirements of statutory funds and reserves
• Supply financial management information on request
• Conduct financial year-end closure activities
• Close entries regarding inventory and statutory funds, reserves and provisions
• Monitor and follow up on appropriation accounts and accumulated surplus
• Conduct ad hoc year-end activities
• Conduct financial record-keeping
• Receipt and allocate income
• Compile year-end journals as necessary
• Reconcile balance sheet accounts (suspense accounts)
• Monitor balance sheet accounts to ensure that no unauthorised transactions are processed
• Monitor entries regarding capital and operational grants and donations
• Monitor receipt of grants and donations via Cashbook
• Allocate grants to correct customers
• Determine expenditure on capital and operational projects from grants and donations
• Recognise the relevant revenue in terms of the conditions of the grants
• Provide an internal support service to top management, strategic units and sections
• Supply information as requested
• Render an internal support service regarding the financial statements
• Implement GRAP principles
• Provide day-to-day assistance to manage the subsection to ensure the effective and efficient management of the section