Financial Analyst (12 months)

SUMMARY:
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.
  

• 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.
  

POSITION INFO:
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.