Grants Accountant (x2)

PURPOSE OF THE JOB

Responsible to support the Grants Manager in the implementation of INSETA financial processes and policies in achieving INSETA strategic Financial Objectives, in line with the PFMA.

Providing oversight and guidance on grants management activities by managing the Discretionary grants, and Mandatory grants value chain processes in compliance with internal and external legislative and operational compliance requirements through:

• Ensure compliance with the grants management accounting systems, policies and procedures.
• Managing project finance effectively and efficiently.
• Ensuring the valid and accurate employers grants are refunded to qualifying employers in line with the Legislation and INSETA policy
• Managing Discretionary grants payments and ensure correct accounting in line with the payment tranche deliverables.
• Oversee effective document management processes.

Performing all tasks related to the purpose of this role, as required and delegated

Key Performance Areas

Outputs

Discretionary Grants (DG) Management 45%

• Ensuring Discretionary grants payments are accounted in line with the contract payment tranche deliverables and timeously.
• Ensure all payment tranche deliverables or supporting documents are properly maintained and easily accessible for audit purposes.
• Ensure the Performance of assertions test (occurrence, accuracy, cut-off, completeness and classification before posting transactions by:
• Re-performing calculations of every invoice payment tranche in accordance with the approved DG procedures and /or guidelines and learning programme contracts.
• Ensuring the DG expenditure is correctly accounted for in the correct reporting period as per the payment tranche deliverables.
• Ensure that all deliverables are complete before the transaction can be posted.
• Ensuring the correct classification of the DG related expenditure in line with the policy and procedures in respect of project administration and project expenses
• Ensuring the accurate, valid and complete accruals for DG expenditure are calculated and processed in the accounting system.
• Follow up and resolve queries relating to payments in line with the prescribed turn-around times.
• Ensure that classification of discretionary and project administration expenditure according to the chart of accounts.
• Perform DG external confirmations of expenditure and payables to ensure completeness of financial statements.
• Review and prepare payables reconciliations and follow up any outstanding invoices and resolve unreconciled item within prescribed timeframes.
• Update the commitment register with new contracts immediately on receipt of a valid contract.
• Review and perform recalculations of all addendums and closure letters and update the commitment register.
• Ensuring that all project adjustments are correctly accounted for in the commitment register.
• Timeous submission of the commitment register, supporting the financial statements to internal and external stakeholders.
• Keep and manage all records used to update the commitment register items.

Mandatory Grants Management 30%

• Review and ensure accuracy of the levy file received from the department (DHET.
• Prepare the mandatory grants payment file and ensure accurate refunded amounts to employers.
• Reconcile the file with WSP/ ATR and ensure accurate and complete expenditure is recorded in the general ledger.
• Follow up with Skills division and employers on outstanding documents required to process MG payments.
• Perform Individual employer reconciliation for top 20 and communicate with employers.
• Perform MG external confirmations of payables to ensure completeness of financial statements.
• Handle mandatory grants queries timeously and effectively.

Reporting 10%

• Provide information for the preparation of quarterly reports for DHET.
• Respond to requests from internal and external audits.
• Prepare Levy and Payment Reports
• Develop ad hoc reports for management.
• Analyse and interpret data from WSPs and ATRs.
• Timeous progress reporting on action plans against reported internal/ external audit findings.
• Preparation of DG and MG related general ledger reconciliations.

People Management 10%

• Develop and monitor division staff KPAs and performance management, coaching and mentoring initiatives.
• Identification of required skills and competency gaps
• Train and develop individual staff members in terms of the performance improvement plans.
• Plan and manage immediate subordinates activities to achieve efficiency in meeting all reporting requirements timely.

Stakeholder Relationship Management 5%

• Ensure stakeholder satisfaction through effective handling of queries and reporting.
• Support Internal divisions with payments and other queries.
• Build brand INSETA within the sector

REQUIRED QUALIFICATIONS AND EXPERIENCE

Qualifications

Minimum Requirement:

• Grade 12 and:
• NQF level 6 qualification in Financial Accounting, Financial Management, Cost and Management Accounting or similar field (or equivalent).

Preferred Requirement:

• NQF level 7 qualification in Financial Accounting, Financial Management, Cost and Management Accounting or equivalent. Completed articles and a professional registration with an appropriate accounting body (e.g. CIMA, SAICA, SAIPA, IRBA) will be an advantage. Experience

Minimum Requirement:

A minimum of 3 years proven experience in Financial Management and/or Accounting is required.

Preferred Requirement:

A minimum of 5 years in financial management and /or accounting environment.

Applicable experience in the Public Sector environment including knowledge of PFMA and/or GRAP.

• Experience and knowledge in dealing with Auditors (both internal and external).).

The Insurance Sector Education and Authority (INSETA) is an equal opportunity employer committed to Employment Equity and diversity with opportunities afforded in line with the approved Employment Equity Plan.

INSETA reserves the right not to make an appointment, and correspondence will be limited to shortlisted candidates only. All appointments are subject to vetting processes.

If you meet the above requirements and wish to apply, send your cv and qualifications on your online application via INSETA website

Previous applicants are encouraged to re-apply.

Closing date: 1 September 2026

No late applications will be accepted.