(Term: 24 Months Fixed Term Contract)
SALARY : R1 003 890 per annum (Level 12), (all-inclusive), PSR 44 will apply to candidates appointed in
the salary level
CENTRE : Pretoria
REQUIREMENTS :
A Bachelor’s degree (NQF Level 7) in Finance, Project Finance, Chartered Accountants, ACCA
Qualified or Economics or a related field. A Postgraduate qualification in Finance or Project
Finance would advantageous. A minimum of 6-8 years’ experience in Project Finance, Corporate
Finance or Structured Finance, with at least 3 years of management-level experience.
Experience in the public service would be advantageous. Competencies Required: Computer
Literary: Knowledge and ability to use computers and technology efficiently. Refers to the comfort level
someone has with using computer programs and other applications associated with computers (MS
Office, Internet, email). Includes the ability to learn new applications associated with the business.
Development Financing: Knowledge of development financing approaches and methods
including the financing of long-term projects and public services based upon a non-recourse or
limited recourse financial structure, in which project debt and equity used to finance the project
are paid back from the cash flow generated by the project. Economic Development: Knowledge
of South African economic development policies and programmes with a specific focus on
approaches and methodologies to making markets work for the poor.
Financial Analysis:
Knowledge of financial data analysis including the ability to collect and monitor data, conduct financial
modelling, analyse results; monitor variances; identify trends; recommend actions and assist with
annual and quarterly forecasting. This further includes knowledge of types of agreements/contracts
typically used in non/limited recourse finance. Government Knowledge: Knowledge of the tiers and
sectors of government and inter
-governmental relationships, and the economic and social
development priorities and programmes of national, provincial and local governments.
Grant Management: Knowledge of grant funding (non
-repayable funds) approaches and methods and
the regulatory environment governing the management of public funds. This includes knowledge
of the South African grant funding reforms initiative and grant management systems. Internal
Control/Audit: Knowledge of how to evaluate control systems for financial, administrative,
programme, and operational activities to provide reasonable assurances that obligations, costs
and disbursements comply with applicable regulations and laws, that property is funded, and
assets are safeguarded; and that revenues and expenditures applicable to operations are
properly recorded and accounted. Labour Markets: Knowledge of how labour markets work and
the current active labour market policy interventions. Legislative Knowledge: Knowledge of the
regulatory environment and processes regarding the implementation of policies, legislation and
services delivery programmes, and knowledge of the PFMA and NT regulations pertaining to the
Jobs Fund.
Project Management: Knowledge of project management principles, methods, or
tools for appraising, conceptualising, structuring, scheduling, coordinating, and managing
projects and resources, including monitoring, evaluating and reporting on project impact, costs,
work, and contractor performance. Public Finance Economics: Knowledge of the field of
economics that studies government activities and the alternative means of financing them. Client
Service Orientation: The ability to interact with and respond to internal and external client needs
and expectations in a manner that puts into practice the Batho Pele spirit and meets and exceeds
service delivery standards, with priority given to client satisfaction. Concern for Quality and Order:
The desire to see things done logically, clearly and well. It takes various forms: monitoring and
checking work and information, insisting on the clarity of roles and duties, and setting up and
maintaining information systems. Effective Communication: The ability to transmit and receive
information clearly and communicate effectively to others by considering their points of view in
order to respond appropriately.
This may involve listening, interpreting, formulating and delivering: verbal, non
-verbal, written, and/or electronic messages. It includes the ability to
convey ideas and information in a way that brings understanding to the target audience.
Emotional Intelligence: The capacity for recognising their own feelings and those of others, for
motivating themselves and others as a result of this awareness, and for managing emotions
within themselves and in others. Integrity/ Honesty: Contributes to maintaining the integrity of the
organisation; displays high standards of ethical conduct and understands the impact of violating
these standards on an organisation, self, and others; is trustworthy.
Problem Solving and Analysis: The ability to understand a situation, issue, problem, etc., by breaking it into smaller pieces, or tracing the implications of a situation in a step-by-step way. It includes organizing the
parts of a problem, situation, etc., systematically; making systematic comparisons of different
features or aspects; setting priorities on a rational basis; and identifying time sequences, causal
relationships, or if-then relationships. Create timely and well
-developed solutions by examining
alternatives, risks and consequences.
Resources Planning: Organizes work, sets priorities and
determines resource requirements; determines short – or long -term goals and strategies to
achieve them; coordinates with other organisations or parts of the organisation to accomplish
goals; monitors progress and evaluates outcomes. Team Participation: The ability to work
cooperatively with others, to work together as opposed to working separately or competitively.
Valuing Diversity: The ability to understand and respect the practices, customs, values and norms
of other individuals, groups and cultures. It goes beyond what is required by governmental
employment equity regulations to include the ability to respect and value different points of view
and to be open to others of different backgrounds or perspectives. It includes seeing others’
differences as a positive part of the work environment. Vision and Purpose: Modelling and
promoting high personal and professional standards that support the organisation’s vision,
mandate and values. Sharing goals, objectives and ideas to encourage others to commit to and
be enthusiastic about realising the vision.
DUTIES
: To be responsible for the financial management and oversight of funds allocated to the Jobs
Fund, ensuring governance, compliance, and stakeholder engagement. The role also focuses
on contributing to the knowledge and learning agenda of the Fund by researching and analysing
data as well as leading and mentoring junior staff. Funding Allocation: Analysis of Corporate
Financials and other relevant reports including analysing current and past financial data and
performance
. Review of new investment proposals (due diligence) and opportunities conducted
by project teams. Accompany project teams on due diligence visits on a risk basis. Review of
commercial analysis, financial model analysis, risk and institutional analysis conducted by project
teams. Review appraisal reports for submission to various committees. Support project teams at
various committees. Review contracting documentation and support contracting negotiations.
Review disbursement documentation required to provide initial funding allocations to projects.
Cost Analysis: Review and assess the appropriate levels of project costs by establishing standard
costs benchmarked with market data. Review of project-level financial assessments on a monthly
and/or quarterly basis. Enhances the cost analysis process by establishing and enforcing policies
and procedures. Review project budgets, including cost estimates for reasonability. Provide
guidance to finance teams on effective cost analysis. Improves financial status by analysing
results and monitoring variances at the fund portfolio level. Identify trends and recommend
actions to Jobs Fund management. Recommend actions by analysing and interpreting data and
making comparative analyses. Evaluate projects expenditures against Jobs Fund value-formoney frameworks.
Governance and Compliance: Review of Jobs Fund policies for alignment
with accounting standards. Identifying trends in financial performance and providing
recommendations for improvement. Assists in the development and/or enhancement of program
systems and procedures. Identifies and manages implementation risks for the assigned
programs and develops sufficient risk mitigation on identified risks. Supports legal and other staff
in ensuring Fund compliance with guidelines, and other applicable legislation. Provides oversight
on the work done on financial data which includes bulk payroll data for validity, accuracy, and
completeness. Conducts verification checks on submitted financial information. Manages the
audit process for the audit of the supported projects. Provides overall financial information in
preparation for Auditor General (AG) Audits.
Financial Management: Monitor the spending
against the budget for the allocated programmes. Review financial models and budget reprojections. Develop strategies for enhancing efficient spending against targets. Prepare regular
reports for various stakeholders on overall fund progress. Manages Fund cash flow and prepares
drawdown requests to sufficiently capitalise the various programmes as and when required.
Conducts strategic site visits as part of the financial management of the project portfolio.
Preparing disbursement documentation for consideration and approval by the Head of the Fund.
Oversee disbursements to approved projects as well as monitor project progress postinvestment. Prepares financial reports on allocated fund performance.
Stakeholder Management:
Prepares financial reports on allocated fund performance. Motivates and provides support to
project teams to achieve their targets. Provides technical and non-technical support to Jobs Fund
staff and other stakeholders. Manage relationships with Contracted Intermediaries to ensure
sound financial management at the project level. 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 to meet
the Fund’s objectives.
Assist with the development and maintenance of financial models and
forecasting methodologies and tools. Quality assures the deliverables produced by the junior
staff. Lead, mentor and guide team members.
ENQUIRIES : HR Enquiries: Kaizer Malakoane at 066 250 7072
Technical Job Enquries: jobsfund@treasury.gov.za
NOTE : Calling all finance specialists with experience in development finance, impact investing, grant
management, social impact programmes and project management to apply for a position at the
Jobs Fund. Would you like to work for one of the world’s largest job creation Challenge Funds?
Would you like to make a positive difference and contribute to employment growth in South
Africa? Do you have the skill and passion to work with a team committed to driving social impact
through private-public partnerships? If yes, then consider working for the Jobs Fund