Accounting Intern

6 days ago

Centurion, South Africa Signa Opportunity Full time
About the role

Provide the verification and support service for the Unemployment Insurance Fund (UIF).COVID-19 TERS Disaster Benefit claimed by various Employers. Assist the UIF in confirming that the intention of the TERS Benefit Scheme has been achieved by compensating the intended, duly qualified, recipient for loss of income, as set out in the COVID-19TERS directives. Report findings based on the execution of procedures performed against COVID-19 TERS. Disaster benefits are paid out to companies on the information they provide.

Responsibilities

  • Obtain UIF data and supporting documents from the Employer, analyze information, and issue informal queries.

  • Confirm the existence of the Employer and obtain proof that the lockdown impacted their operation.

  • Confirm whether the correct Employer applied for COVID-19 TERS and that they received the funds from the UIF.

  • Verify the legitimacy of information that was provided to the UIF by the Employer for employees when applying for COVID-19 TERS benefits.

  • Confirm employment of employees that the Employer stated in their claim for COVID-19 and that those employees have worked for the Employer before the lockdown.

  • Follow the TERS benefits payments from UIF to employees, confirming that the correct amount reached the right recipient at the right time. Reconcile the TERS benefits paid to the Employer by the UIF and the amounts disbursed and/or retained by the Employer.

  • Recalculate the TERS benefits where differences in underlying data have been identified during the audit procedure.

  • Obtain acknowledgment of debt for TERS benefits received by the Employer but not disbursed to intended beneficiaries.

  • Identify fraudulent activities and prepare a report detailing the fraud indicators accompanied by substantive evidence of fraud.

  • Follow up on AGSA findings with the Employer and document the support obtained to confirm or dispel the findings.

  • Issue findings, discuss with the Employer, and incorporate the Employers responses into the report.

  • Compile the Verification Report and submit it to the Audit Manager for review.

  • Send the signed Verification Report and other pertinent documents to the employer to confirm completion of the audit and to sign off the Verification Certificate.

  • Update the UIF Portal with data from the completed and closed files.

  • Adhoc duties as required

Requirements

  • Minimum of Bachelor's degree in Accounting, Finance, or related field.

  • Computer Skills with proficiency in Excel spreadsheet.

  • Must not have taken part in the YES Program before.

  • South African unemployed youth aged between 18 and 34.

Please consider your application unsuccessful when you have not heard from the Signa Opportunity team within two weeks of submitting your application.

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