Treasury Analyst

INTERNAL AND EXTERNAL VACANCY: TREASURY ANALYST CEF SOC

CEF is a Schedule 2 state owned diversified energy company reporting to the Department of Mineral Resources and Energy. The Mandate of CEF is to contribute to the security of energy supply of South Africa and the Region through exploration, acquisition, development, marketing and strategic partnership. It is derived from the CEF Act (No 38 of 1977) and the Ministerial directives issued thereafter.

 REQUIRED MINIMUM QUALIFICATIONS AND EXPERIENCE

  • Minimum 9 years in a Treasury environment which 3 -5 years must be at Managerial experience as a Treasury Analyst
  • Experience with conducting due diligence, support transaction structuring and project finance.
  • Experience to building Financial Models from scratch and an ability to independently analyse financial models and financial statements.
  • Matric, Bachelor’s Degree/ BTech Degree (NQF Level 7) in Commerce (Finance\Investments/Financial Analysis)
  • Honours Degree (NQF Level 8) in the relevant field as an added advantage

DESIRED ADDITIONAL SKILLS/ COMPETENCIES

  • Knowledge of Financial modelling
  • Spreadsheet management
  • Knowledge of Treasury policies and procedures
  • Knowledge of Financial markets
  • Analyze and interpret financial statements
  • Investment analysis and valuation techniques
  • Financial modelling expertise
  • Due diligence
  • Treasury Risk management knowledge
  • Communication, Interpersonal, reporting, Presentation, advanced Excel, Critical, and Numerical skills

 KEY PERFORMANCE INDICATORS

Strategic Alignment of investments

  • Assist and coordinate the conducting of the evaluation of the commercial and financial rationale for project investment opportunities, during the appraisal phase to ensure that the transactions are in line with corporate strategic objectives.

Commercial and Financial Due Diligence

  • Assist and coordinate the conducting of due diligence encompassing the analysis and validation of commercial, financial, operational and strategic assumptions underpinning the deal to ensure that all regulations and governance is adhered to and CEF objectives are achieved

Evaluation of Financing Structures and Agreements

  • Responsible for reviewing and providing insights on finance structures, leveraging options, and financing agreements
  • Understand and use spreadsheets to create and analyse financial models.

Stakeholder Management

  • Maintain relationships with multi-disciplinary project teams i.e. commercial, technical services, finance, etc

Reporting

  • Assist in the compilation of key decision-support presentations and packs for senior management and Exco level to translate the economic value into robust recommendations for the business.

Closing Date:  12 February 2025

NOTE: The successful candidate/s for the advertised position/s will be required to undergo personnel suitability checks, which includes, criminal records, citizenship, financial checks, qualifications and previous employment (Reference checks). It is the responsibility of the applicant to make sure that foreign qualifications are evaluated by the South African Qualifications Authority and the evaluation certificate is attached to the application on submission. If you do not hear from the CEF SOC three months after the closing date of the advertisement, consider your application unsuccessful.  CEF SOC reserves the right to not fill this position. CEF SOC is an equal employment opportunity and affirmative action employer, and it is committed to the achievement and maintenance of diversity and equity in employment, especially in respect of race, gender and disability. Preference will be given to South African Citizens. This position will be filled in accordance with the CEF SOC Employment Equity Plan. 

 This position will be filled in accordance with the CEF SOC Employment Equity Plan and preference will be given to females from previously disadvantaged individuals, especially Whites, Indians and Coloured. This position will be filled in accordance with the CEF SOC Employment Equity Plan.

 

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Assistant Accountant

INTERNAL AND EXTERNAL VACANCY: ASSISTANT ACCOUNTANT CEF SOC

CEF is a Schedule 2 state owned diversified energy company reporting to the Department of Mineral Resources and Energy. The Mandate of CEF is to contribute to the security of energy supply of South Africa and the Region through exploration, acquisition, development, marketing and strategic partnership. It is derived from the CEF Act (No 38 of 1977) and the Ministerial directives issued thereafter.

 REQUIRED MINIMUM QUALIFICATIONS AND EXPERIENCE

DESIRED ADDITIONAL SKILLS/ COMPETENCIES

  • Knowledge of accounting principles and financial reporting standards
  • Knowledge of the PFMA
  • Understanding of administration of levies
  • Knowledge of different financial ERPs (SAP, Accpac)
  • Attention to detail
  • Accuracy
  • Time management skills
  • Numerical reasoning
  • Reporting skills
  • Communication skills

KEY PERFORMANCE INDICATORS

Transactional Accounting

  • Prepare and capture journals on a daily basis and ensure that prior year errors/adjustments are attended to thereby  limiting  audit findings
  • Prepare reconciliations for review.
  • Prepare and capture payments  to  creditors  and  conduct  follow  ups  on outstanding creditor payments
  • Prepare and capture invoices for debtors and ensure that all the supporting documentation is attached
  • Prepare and allocate payments to accounts for review and posting by Senior Financial Accountant
  • Prepare and capture cash books and reconcile cash receipts back to debtors and cash paid to creditors against the bank statements
  • Process monthly investment transactions
  • Process inter-company transactions and journals
  • Control open purchase order system and matching

Equalisation Fund Administration and Accounting

Fund levy administration:

  • Receive prescribed documentation from the respective Oil companies indicating the volume of petrol that has been sold
  • Perform analysis on the petrol volumes sold and confirm payment calculations of the litres disclosed
  • Following confirmation of validity of claims by the Department of Mineral Resouce and Energy (DMRE), arrange for payment to Oil Companies in accordance with policies and procedures
  • Receive oil certifications for litres disclosed, confirm accuracy and file accordingly

Fund accounting:

  • Assist in Preparing the annual financial statements and submit through to the Equalisation Fund Manager.
  • Reconcile the balance sheets and income statements on a monthly basis
  • Prepare monthly interest calculations for all the different levies and capture journals
  • Track payments of the different levies
  • Prepare annual accruals
  • Adhere to policies and procedures to ensure timeous monthly reporting

Fuel price reporting:

  • Prepare daily fuel calculations and distribute to the database of stakeholders, inclusive of oil companies, banks, public, etc)
  • Prepare the monthly press release to indicate changes in fuel price rates in consultation with DMRE and external Auditors

Petty Cash Management

  • Act as custodian of petty cash in accordance with company policies and procedures
  • Monitor petty cash to ensure availability of cash at all times
  • Reconcile petty cash on a monthly basis and report on petty cash spend to the manager
  • File documentation for ease of retrieval and for audit purposes

Travel & Expense Claim Administration

  • Prepare and capture all travel invoices with supporting documentation and ensure compliance with the travel policy and National Treasury instruction notes/regulations
  • Prepare and capture travel for payments and approvals
  • Review approved travel and expense claims and confirm that supporting documentation is attached
  • Process travel and expense claims for payment in accordance with processes and procedures
  • File documentation for ease of retrieval and for audit purposes

 Closing Date:  08 February 2025

NOTE: The successful candidate/s for the advertised position/s will be required to undergo personnel suitability checks, which includes, criminal records, citizenship, financial checks, qualifications and previous employment (Reference checks). It is the responsibility of the applicant to make sure that foreign qualifications are evaluated by the South African Qualifications Authority and the evaluation certificate is attached to the application on submission. If you do not hear from the CEF SOC three months after the closing date of the advertisement, consider your application unsuccessful.  CEF SOC reserves the right to not fill this position. CEF SOC is an equal employment opportunity and affirmative action employer, and it is committed to the achievement and maintenance of diversity and equity in employment, especially in respect of race, gender and disability. Preference will be given to South African Citizens.  

 This position will be filled in accordance with the CEF SOC Employment Equity Plan and preference will be given to females from previously disadvantaged individuals, especially Whites, Indians and Coloured. This position will be filled in accordance with the CEF SOC Employment Equity Plan.

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