Website National Treasury
The National Treasury is responsible for managing South Africa’s national government finances. Supporting efficient and sustainable public financial management is fundamental to the promotion of economic development, good governance, social progress and a rising standard of living for all South Af… read morericans. The Constitution of the Republic (Chapter 13) mandates the National Treasury to ensure transparency, accountability and sound financial controls in the management of public finances. The National Treasury’s legislative mandate is also described in the Public Finance Management Act (Chapter 2). The National Treasury is mandated to promote government’s fiscal policy framework; to coordinate macroeconomic policy and intergovernmental financial relations; to manage the budget preparation process; to facilitate the Division of Revenue Act, which provides for an equitable distribution of nationally raised revenue between national, provincial and local government; and to monitor the implementation of provincial budgets. As mandated by the executive and Parliament, the National Treasury will continue to support the optimal allocation and utilisation of financial resources in all spheres of government to reduce poverty and vulnerability among South Africa’s most marginalised. Over the next 10 years National Treasury priorities include increasing investment in infrastructure and industrial capital; improving education and skills development to raise productivity; improving the regulation of markets and public entities; and fighting poverty and inequality through efficient public service delivery, expanded employment levels, income support and empowerment. 120 Plein Street Cape Town
Qualification/s Requirements
A Grade 12 is required coupled with a minimum National Diploma (equivalent to NQF level 6) or Bachelor’s degree (equivalent to NQF level 7) in any of the following disciplines: Financial or Management Accounting;
A minimum 4 years’ experience of which 2 years should be on an Assistant Director level or equivalent obtained in a financial accounting or asset verification environment;
Knowledge of the Public Service Policy Framework on Asset Management;
Knowledge and experience of the asset verification and redundancy process; and
Knowledge of data management methodologies of the asset verification classification.
Key Performance Areas
Account Assets in the Departmental Asset Register:
Calculate the value of all movable assets and support findings with required documentation for record
keeping;
Account for asset of the department as recorded in the departmental asset register and reconciled with general ledger;
Comply with all relevant and application statutes, regulations and departmental prescripts applicable to the Department’s assets verification process;
Compile reports quality assurance purposes and align with information depicted in the Department’s assets
register; and
Prepare project documentation and plans and oversee activities in accordance with the approved projects deliverables.
Disposal of Redundant or Obsolete Assets:
Identify all redundant or obsolete assets and prepare disposal measures for consideration and approval; and
Update the asset register ensure all disposed assets are removed from the asset register.
Verify Existence of Departmental Assets:
Verify the existence of all departmental assets and prepare an update report on the status quo; and
Reconcile the asset register with the updated verification outcome.
Departmental Policy Develop, Implementation and Maintenance:
Develop and implement policies and prescripts related to asset management and verification; and
Implement asset acquisition and disposal plans of the department
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Apply via company website ( http://www.treasury.gov.za ) or