GROUP FINANCE INTERNAL CONTROL COMPLIANCE SPECIALIST - O Band

Job Advert Summary

Rand Water is looking for a dynamic and technically competent Group Finance Internal Control Compliance Specialist to join its Finance Division. The ideal candidate will be responsible for Second line of assurance activities, reviewing, monitoring, and reporting on the effectiveness of controls and compliance with regulatory requirements. Evaluate and assess internal controls and risk impact in a finance environment. Ability to work with a cross functional team on the implementation of stringent controls with the financial arena. Development of sound internal controls which assist in the mitigation of risk exposures. Evaluation, implementation and management of financial business processes.

Minimum Requirements

• B. Com Hons (majoring in Accounting, Tax and Audit)
• Preferred: Professional Qualification/Designation (CA(SA), CPrac (SA), etc
• Minimum of five years’ experience with similar responsibilities
• Experience in compliance monitoring and risk management in a similar environment
• Experience in auditing (internal / external) for conducting assurance assessments
• Experience in internal control monitoring and management in a finance environment.
• Experience in accounting and company policy development and reviews.
• Excellent knowledge of compliance standards in respect of statutory, legislative and regulatory frameworks including PFMA, IFRS, Income Tax, VAT, JSE requirement, The King Code of Corporate Governance, etc.
• Excellent knowledge of financial accounting systems and experience in the management thereof.
• Advanced computer literacy in respect of spreadsheet applications, word documents and power-point presentations
• IT related experience in cloud computing, cybersecurity, application development and programming, networking and wireless, analytics and data management, systems and enterprise architecture, AI and machine learning, coding, Help desk and tech support and virtualization.

Primary Duties

• To perform risk-based assessments that drive the annual compliance and internal control assurance work plan. Development of the annual compliance and internal control assurance work plan.
• Designing, developing and implementing sampling and testing procedures to measure various finance unit’s compliance and internal control status.
• Liaising with finance units to explain procedures, reporting and findings raised.
• To review, recommend and develop financial related policies, processes and frameworks to ensure that the finance environment complies in all respects with all governance protocols, statutory, regulatory and legislative frameworks.
• Keeping abreast of changes in relevant frameworks and communication and implementation thereof to ensure timely compliance.
• To provide complete, accurate and reliable information to management on Rand Water’s compliance status.
• Using data analytics, trend analysis and technology to quantify the effectiveness of compliance and internal control programs and identify potential issues.
• Conduct/ Direct internal investigation of compliance issues.
• To provide sound technical advice to the Rand Water business relating to technical compliance matters.
• Assurance audits over implemented technical advice/ new standards/ legislation/ regulations applied in finance.
• To identify, assess and monitor the impact of compliance related risks to the finance business unit and advise on corrective action to mitigate the associated risks.
• Review financial accounting systems, processes and controls in the finance department.
• Report & assess compliance with internal controls adopted and implemented. Effective monitoring, reporting and oversight over said internal controls.
• Management and responsibility for the administration of internal and external audits in the Business Unit and Rand Water, respectively.
• Development a training plan and facilitate compliance related training and development to ensure that the finance business unit is abreast of legislation, application and any changes thereto.
• Management of compliance services, in terms of review and reporting on compliance statuses.
• Provision of other ad-hoc compliance related services in support of Rand Water Group Regulatory & Compliance Services.

Knowledge

• A sound knowledge of taxation compliance requirements
• Knowledge of Legislative, Statutory and Regulatory Frameworks (e.g. IFRS, PFMA, King IV etc.)
• Knowledge of monitoring and management in Finance environment
• Auditing skills (internal/external)
• Sound IT related skills - SAP FI Module and integration experience

Skills

• Good communication skills (Written and verbal)
• Ability to work in a team to drive results
• Business Acumen
• Organisational skills
• Presentation skills
• Critical thinking/ Problem solving skills
• Leadership and Management skills
• People skills – relationship building & charisma
• Collaborative skills
• Assessing and interpreting skills
• Good general knowledge of current affairs and application to Rand Water

Attitude

• Analytical and pays attention to detail
• Highly ethical, principled and transparent
• Agile and flexible
• Strong constitution, integrity and conviction
• Customer-focused
• Team-oriented
• Proactive and resilient
• Flexible and open to change
• Committed to excellence and professional growth