Senior Officer: Capital Payment

2 weeks ago

Centurion, Gauteng, South Africa Road Accident Fund Full time

Purpose of the Job: Reporting to the Manager: Payment Management, the successful incumbent is responsible for ensuring that all requests for payments are made and concluded.

Key Performance Areas

Capital Payment Management

  • Check and prevent duplicate payments.
  • Implement procedures around the payments to minimise risk areas in the group payment process.
  • Implement processes and procedures for annuity payments.
  • Ensure the implementation of financial management principles and practices within the claims payment process
  • Ensure adherance to effective control measures in the payments process.
  • Aid the creation, maintenance and ownership of the payment timetable and ensure all payments are made in a timely manner.
  • Ensure all payments have been approved in accordance with the segregation matrix prior to sending.
  • Conduct final payment verifications.
  • Implement control systems to monitor and report on payment variances.
  • Provide payment related information to internal stakeholders to aid in query management.
  • Ensure bank attachments are attended, resolved and updated for allocation of heads of damages
  • Ensure payment remittances are generated.

Reporting

  • Aid in the development of functional reporting systems, for management, project or performance reporting.
  • Report regularly and periodically perform necessary submissions as and when required to provide progress updates and/ or inform management decisions.

Stakeholder Management

  • Aid in proactive and progressive relationships with key stakeholders.
  • Deal with inquiries and requests for information from both internal and external stakeholders.

People Management

  • Ensure that good employee relations are maintained.
  • Provide ongoing operational support to employees.

Qualifications and Experience

  • Bachelor's Degree/ Advanced Diploma in Financial Management/ Accounting/ Business Science related qualification.
  • Relevant 4 years' experience in a Capital Payment related environment of which 1 year must have been on a supervisory level.
  • Hands-on experience with accounting software and statistical packages will be an added advantage.

Technical and Behavioral Competencies Required

  • Planning, organising and coordinating.
  • Personal mastery.
  • Judgment and decision making.
  • Ethics and values.
  • Client service orientation.
  • Professional accounting standards (grap/gaap).
  • Financial systems, tools, process and technology (technical knowledge).
  • Financial management principles.
  • Treasury policies and pfma regulations (legislative framework).
  • Financial risk management and control.
  • Financial compliance.
  • Financial reporting.
  • Financial analysis.
  • Financial policy development and implementation.
  • Reconciliation or bank recons - see comment.
  • Information processing.
  • Treasury systems.
  • Cash flow management.
  • Financial markets and instruments (fin analysis).
  • Foreign exchange controls and principles.
  • Banking platforms/systems.

NB: "RAF offers Total Employment Cost packages with no additional contributions from the Employer, successful candidates are required to structure their packages in a manner that will suit their needs".

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