Officer: Finance Support

The Road Accident Fund’s mission is to provide timely and equitable assistance to those affected by motor vehicle accidents through the provision of appropriate social benefits to ensure financial relief and recovery for qualifying individuals.

 Purpose of the Job:

The Officer: Finance Support is responsible to provide regional support by administering claims payments and ensuring an effective system of claims payments function through continuous improvement and resolution of stakeholder queries.

Key Performance Areas

Management of claims payment process.

• Verify and approve payments in line with DOA by confirming the accuracy, validity, completeness and existing of payment by inspecting supporting documentation to confirm the following:
• Payee to the trigger and supporting documents (per above).
•  Banking details to both the trigger document and any supporting documents.
•  Amounts through verification of supporting documents.
• Payment is not a duplicate by ensuring the financial enquiry reports is attached to    the EA as supporting documents payment.
•  Elimination of duplicate payments through implementation of effective internal controls
• Attend to and resolve queries timeously.
• Maintain and develop good relations with claimants, attorneys, firms and colleagues 

Financial Management

• Implementation of and adherence to financial management principles to ensure valid, accurate and complete processing of Claimants payments.
• Appropriate implementation of and adherence to applicable Policies and Procedures.
• Interrogate supporting payment documents for accuracy, validity and completeness.
• Continuous improvement in internal controls iro claims Payment documents for accuracy, validity and Approval process.
• Check completeness and accuracy of batch reports.

Reporting

• Assist in the preparation and submission of reports.
• Contribute to the development of functional reporting systems, for management, project or performance reporting.

Monitoring and Evaluation

• Adhere to the effectiveness in terms of service delivery of claims payment function.
• Report on non-compliance to the RAF claims payments, processes and procedures.
• Deal with queries and ensure that they are all resolved timeously.

General Administration

• Identify training and development needs for self.
• Compliance with company policies and procedures.
• Assist in inducting new employees into the division.
• Ensure that all administrative functions related to the role are executed.

Stakeholder relations

• Assist with inquiries and requests for information from both internal and external stakeholders.
• Contribute to the maintenance of relationships with vendors, service providers or procurement teams and ensure that all relevant procured items are invoiced and paid on time.

Qualifications

• Bachelor’s Degree/ Advanced Diploma in Commerce/Financial Accounting/Accounting related qualification.

Experience

• Relevant 3 years’ experience in a financial environment.

Competencies

Behavioral

• • Planning, Organising and Coordinating.
  •  Personal Mastery.
  • Judgement and Decision Making.
  • Ethics and Values.
  • Client Service Orientation.

Technical

• • Knowledge of financial software Packages and SAP.
  •  Ms Office package.
  •  Knowledge of cash and bank management.
  • Knowledge of PFMA and accounting principle.
  •  Knowledge of public sector finance.
  •  Knowledge of corporate governance.
  •  Strong analytical capabilities.
  •  Speed and accuracy.

Road Accident Fund Values

• Integrity
• Compassion
• Accountability
• Respect
• Excellence
• Empathy

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”

The Road Accident Fund subscribes to the principles of employment equity and preference will be given to People with Disabilities.

Applicants who have not received any correspondence from us within six weeks from the closing date can consider themselves unsuccessful.

Security Vetting shall be conducted on all prospective employees.

It is the applicants’ responsibility to have foreign qualification evaluated by the South African Qualification Authority (SAQA) and to provide proof of such evaluation.