Officer: Finance

The Road Accident Fund’s mission is to provide appropriate cover to all road users within the borders of South Africa; to rehabilitate and compensate persons injured as a result of motor vehicle accidents in a timely and caring manner; and to actively promote safe use of our roads.

Note: This is a 24-month, fixed-term contract position

Purpose of the job: The OFFICER: REGIONAL FINANCE 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 existence of a payment by inspecting supporting documentation to confirm the following:

• Payee to the trigger and supporting documents (per above)
• Banking details for 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 are attached to the EA as supporting documents of 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 Claims 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 in relation to claims Payment Approval process
• Check completeness and accuracy of batch reports

Reporting

• Contribute to Weekly reporting on Flash Stats
• Daily reporting on queries that could not be resolved
• Daily reporting of non-compliance
• Daily reporting on stakeholder queries
• Attend and contribute to Monthly staff meetings in the regions
• Produce monthly reports for claims management

Monitoring and Evaluation.

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

Qualifications

• NQF 7 (bachelor's degree or Advanced Diploma) in Commerce/Financial Accounting/Accounting related qualification

Experience

• Relevant 3 years’ experience in a financial environment

Technical and behavioral competencies required

• Knowledge of financial software Packages and SAP
• Ms Office package
• Knowledge of cash and bank management
• Knowledge of PFMA and accounting principles
• Knowledge of public sector finance
• Knowledge of corporate governance
• Strong analytical capabilities
• Speed and accuracy
• Personal mastery
• Emotional wisdom
• Ethics and governance
• Customer orientation and customer focus

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.