Management Accountant - National Lotteries Commission

The National Lotteries Commission (NLC), a Scheduled 3A entity in terms of the Public Finance Management Act (PFMA), is a statutory body established in terms of the Lotteries Act (Act 57 of 1997), as amended to regulate South African Lotteries and administer the National Lottery Distribution Trust Fund (NLDTF). Suitably qualified prospective candidates who are South African citizens are invited to submit their applications to fill the position listed below.

The National Lotteries Commission is committed to the achievement and maintenance of diversity and equity in employment, especially in respect of race, gender, and disability.

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MAIN PURPOSE OF THE JOB

To provide accurate financial information to business unit management by analysing accounting data, preparing reports and related documents, and maintaining accounting records to ensure that the NLC complies with all financial legislative prescripts.

KEY RESPONSIBILITIES:

• Prepare value-adding strategic financial reports as required by management, EXCO, the Department of Trade and Industry, Board, National Treasury and specialized strategic projects.
  
• Preparation of Annual Financial Statements
  
• Analyse, investigate and reallocate various income and expense account transactions, as required.
  
• Draw reports from the relevant system for the preparation of financial statements such as income
  statements and capital expenditure, other related reports and statutory reports.
  
• Analyze financial performance data and contribute to monthly and quarterly business planning and forecasting.
  
• Monitor and report on financial performance against targets and propose corrective action.
  
• Provide financial input in various strategic projects when involved and as requested.
  
• Perform ad hoc financial strategy activities as and when required by management
  
• Ensure that monthly financial reports are accurate by reviewing the general ledger and correcting the accounting of transactions to ensure that all the assertions have been correctly considered.
  
• Implement the agreed Financial Strategy Function
  
• Develop and maintain automated reports where relevant to support business optimisation.
  
• Perform trend and variance analyses on key revenue and expenditure items.
  
• Coordinate and facilitate the preparation of the annual budget and quarterly forecast submissions for divisions.
  
• Coordinate and facilitate the preparation of National Treasury budget submissions and responding to queries.
  
• Engage with management of the various divisions and business units to initiate the budget process and review budgets for submission to the relevant superiors.
  
• Engage with the Executive team on budget submission and gain approval for budget allocations.
  
• Provide consistent feedback to business on the progress of the CAPEX and OPEX process
  
• Build and maintain effective internal and external stakeholder relationships for the purpose of expectations management, knowledge sharing and integration, and to manage the organisation’s reputation.
  
• Represent and participate in the organisation’s committees and tasks teams when required.
  
• Convene and attend meetings and present relevant information to stakeholders when required.
  
• Ensure efficient communication to all relevant stakeholders.
  
• Ensure the provision of excellent customer service.
  
• Resolve queries and problems within span of control and within agreed time frames.
  
• Follow up on unresolved queries and complaints where required.

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REQUIRED QUALIFICATIONS

• Bachelor’s degree in accounting, Finance or Economics or equivalent
  
• CA (SA) or CIMA / ACCA Registration
  

REQUIRED WORK EXPERIENCE:

• 5 years in related experience within a management accounting environment
  
• Knowledge and experience of accounting systems and standards in line with the GRAP, PFMA Treasury and related regulation / Acts.
  
• Experience within the public sector finance is an added advantage.
  

REQUIRED COMPETENCIES AND SKILLS

• Proficiency in financial accounting and analysis
  
• Knowledge of regulations and standards
  
• Knowledge of accounting software.
  
• Knowledge of record-keeping methods and procedures for the preservation of evidence
  
• Risk management.
  
• Interpretation of the Lotteries Act and related laws
  
• People management and leadership

SALARY SCALE:

• Commensurate with qualifications and experience.