Financial Administrator

Pretoria, South Africa

The main purpose of this position is to provide financial administration support to the Currency Management Department (CMD) of the South African Reserve Bank (SARB).

Detailed description

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

• Engage in short-term planning and perform tasks against work plans as defined with the team leader.
• Assist with financial/budgetary challenges, diagnose problems and choose and/or modify routines to deal with them, displaying the ability to provide solutions for problems within a defined context.
• Coordinate and compile the annual departmental budget.
• Administer the approved budget in terms of controlling expenditure and reporting on variances. 
• Monitor and verify orders to ensure that expenditure is within the approved budget and in accordance with the SARB’s procurement procedures.
• Perform general accounting duties and reconciliations in accordance with accounting and SARB policies, relevant accounting standards and applicable legislation.
• Perform general administration tasks, including the preparation of payment instructions, data capturing and record-keeping to ensure the smooth running of the department’s operations.
• Effect the payment of suppliers/vendors according to the SARB processes.
• Collate and provide relevant management information for decision-making purposes to ensure complete and relevant information for the department.
• Ensure compliance with the procurement policy, budget guidelines and other relevant SARB policies.
• Engage with stakeholders (internal and external), displaying the ability to solicit information as well as deliver a coherent and convincing message.
• Perform general administrative tasks in support of the programmes, strategy, business continuity management (BCM) and overall operations of CMD, which include records management, correspondence, governance, risk and compliance and procurement-related matters.
• Perform general administrative tasks in support of CMD’s financial administration and ensure the timely submission of accurate payment information.
• Support the team leader in his/her role as a sub-records manager as well as a training, facilities, information technology (IT) and fixed assets representative, and in effectively managing the requirements and resources of CMD.

QUALIFICATIONS

 To be considered for this position, candidates must be in possession of:

• a National Diploma (NQF 6) in Financial Accounting or an equivalent qualification; and
• at least two to five years’ job-related experience in a budget and financial support environment.

Additional requirements include:

• resilience;
• service and stakeholder focus;
• planning and organising skills;
• learning focus;
• drive for results;
• problem-solving and analytical skills;
• verbal and written communication skills; and
• judgement and decision-making skills

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.

WHAT WE DO

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

Currency Management Department (CMD)

Vision

To be globally respected as a world-class currency management authority

Mission

Our mission is to ensure the availability of a secure national currency in collaboration with the cash industry.

Overall Strategy

Our overall strategy is to maintain public confidence in South Africa’s currency by ensuring its integrity and security through an effective and efficient currency management system optimised with the cash industry. 

Divisions

The Currency Management Department comprises of the following Divisions:

·       Management Support

·       Currency Integrity

·       Supply Chain Management

·       Programme Management

·       Currency Research, Policy and StrategyAPPLY NOW

JOB INFO

• Job Identification163
• Job CategoryAdministration
• Posting Date01/08/2024, 09:22 AM
• Apply Before01/22/2024, 11:55 PM
• Degree LevelNQF 6: National Diploma and Advanced Certificate
• Job ScheduleFull time
• Job ShiftDay
• Locations Head Office, Pretoria, Gauteng, 0002, ZA

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