G17/2023 - Technical Finance Specialist

**REQUIREMENTS**:

- Bachelor’s degree (NQF Level 7) in Accounting/Finance/Auditing or a related field.
- A postgraduate qualification will be an added advantage. Minimum of 10 years’ experience in financial reporting,
auditing, and financial analysis.
- Experience in appraising, negotiating, and closing project finance and Corporate Finance transactions.
- At least 5 years of middle management experience. Public sector and grant management experience will be an added advantage.
- The incumbent must have a strong auditing and/or accounting background, and credit and risk analysis skills.
- Must be able to comprehensively analyse financial statements and other financial reports.
- Must understand risk and internal controls.
- Must be able to independently conduct financial models, budget reviews, and analysis.
- Thorough understanding of Generally Accepted Accounting Principles (GAAP).
- Knowledge of Statutory accounting principles and of relevant legislative framework and accounting practice (PFMA, Treasury
Regulations and GRAP

**Duties**
- Financial Appraisals and Portfolio Reports - Analysis of Corporate Financials and other relevant reports.
- Appraising new investment proposals (due diligence) and opportunities.
- Commercial analysis, financial model analysis, risk and institutional analysis.
- Preparing appraisal reports for submission and presenting the reports for consideration and approval at various committees.
- Negotiation of financial aspects of approved projects.
Preparing disbursement request reports for submission.
- Oversee disbursements to approved projects as well as monitor project progress post-investment.
- Prepare complex financial reports as mandated by the immediate supervisor.
- Assist staff in compiling data and interpreting legislated financial reporting requirements and regulations.
- Review and verify financial information.
- Prepare various portfolio reports as required.
- Provide support to Fund-specific business case submissions to Public Finance.

**Cost Analysis -**
- Determine appropriate levels of project costs by establishing standard costs benchmarked with market data. Assessment of project financial status by comparing and analysing actual results with plans and forecasts.
- Enhance the cost analysis process by establishing and enforcing policies and procedures. Provision of trends and forecasts at project and portfolio level as required
- . Provide an explanation of processes and techniques and recommend actions.
- Improve financial status by analysing results and monitoring variances.
- Identifying trends in financial performance and providing recommendations for improvement.
- Recommends actions by analysing and interpreting data and making comparative analyses.
- Provide strategic inputs into the development of strategies to mitigate finance and performance risk in the project portfolio.

**Accounting and Compliance-**
- Analysing current and past financial data and performance at project and portfolio level as required.
- Review Jobs Fund policies for alignment with Governance Frameworks and accounting standards.
- Identifying trends in financial performance and providing recommendations for improvement.
- Coordinate with other members of the finance team to review financial information and forecasts.
- Review financial models and budget projections at project and portfolio level as required.
Evaluate project expenditures against Jobs Fund value-for-money frameworks

**Auditing**
- Examines financial data which include bulk payroll data for validity, accuracy, and completeness.
- Audits documents submitted for payment for compliance with Jobs Fund guidelines.
- Assists Jobs Fund staff in interpreting laws, rules, and regulations, and clarifying procedures.
- Prepares and maintains mandated documents as required.
- Conduct verification checks on submitted financial information, including reviewing payment system exception reporting.
Facilitate effective management of the project audit process including resolution of key audit findings at project and
portfolio level

**Stakeholder Management**
- Maintain communication with Jobs Fund Partners and other key stakeholders regarding financial matters.
- Motivate and provide support to project teams to achieve their targets.
Provide technical support to Jobs Fund staff and other stakeholders.
- Represent the Jobs Fund at various committees, events and forums as assigned.
- Maintain relationships with all Contracted Intermediaries to ensure risk management at the project-level and overall portfolio-level

**COMPETENCIES REQUIRED**:
**Client Service Orientation **
- Client-service orientation implies helping or serving others, to meet their needs.
- It means focussing on discovering those needs, figuring out how to best meet them as
well as putting into practice the Batho Pele spirit. The term “clients” refers to both internal and external clients.
Concern for Quality and Order - Desire to see things done logically