Financial Analyst (12 months)

Reference: JHB000325-A-1

JOB PURPOSE

• The purpose of this role is to perform financial analysis on Jobs Fund (JF) projects, with specific focus on the National Pathway Manager's contractual obligations and financial governance requirements.

• The role supports activities that contribute directly to enhanced employment creation in South Africa.

MINIMUM REQUIREMENTS

• Bachelor Degree/ Advanced Diploma/ BTech Degree (NQF 7) in Finance, Project Finance or Economics or a related field.

• A postgraduate qualification in Finance would be advantageous.

• Minimum 4 years post-training/internship experience.

• Experience in the public sector would be advantageous.

Duties & Responsibilities

RESPONSIBILITIES: Jobs Fund Regulatory Framework

• Prepare and maintain mandated documents as required.

• Review Jobs Fund (JF)policies for alignment with accounting standards and provide explanations on processes and techniques and recommend actions.

• Assist Jobs Fund staff in interpreting laws, rules, and regulations, and clarifying procedures

• Assist the JF in the management and interpretation of the Auditing regulations and procedures

Jobs Fund applications and investment opportunities appraisals

• Appraise new investment proposals (due diligence) and opportunities in relation to the annual contracting process with the National Pathway Manager.

• Conduct a financial appraisal of the application, which includes analysing the proposed financial model.

• Utilise and Quality Assure the Activity Based

• Costing Project Implementation Monitoring Plan (ABC PIMP) to capture and review the Application proposals.

• Determine optimal funding allocations including establishing standard costs across models and collecting operational data on models.

• Conduct commercial analysis, financial modelling and analysis, risk analysis and institutional analysis.

• Prepare appraisal reports for submission.

• Review proposed contracts for adherence to Jobs

• Fund policy, existing laws and regulations.

• Negotiate project appraisal documents

Investment Analysis

• Analyse investment project reports and corporate financials.

• Examine accounting data for accuracy, appropriateness and documentation.

• Compare and analyse actual results with plans and forecasts to identify financial status and monitor variances.

• Audit documents submitted for payment and verify compliance with Jobs Fund guidelines.

• Identify, report and ensure resolution of non-compliance issues and project risks.

• Prepare disbursement request reports for consideration.

• Monitor and check approved disbursements to projects.

• Monitor and report on project progress post-investment.

• Prepare and submit surplus memos for implementation projects.

Jobs Fund performance and reporting

• Coordinate with other members of the JF to review financial information and forecasts.

• Analyse current and past financial data and performance, identify trends in financial performance and provide recommendations for improvement.

• Provide information and technical support in the development and revision of policies and regulations.

• Assist with the compilation of data, financial reports and interpretation of legislated financial reporting requirements and regulations.

• Review and verify statistical and financial information and prepare financial reports as requested.

• Analyse and interpret data, conduct comparative analyses and recommend actions.

Jobs Fund Support

• Liaise with implementing stakeholders and promote a culture of adherence towards efficiency and achievement of value for money.

• Promote knowledge management through research and publication of papers.

• Maintain communication with staff regarding financial matters.

• Manage team dynamics in order to meet the Fund's objectives.

• Assist with the development and maintenance of financial models and forecasting methodologies and tools.