(1669) Accountant: Pensions Administration - FSD at South African Reserve Bank

Pretoria, Gauteng, South Africa -

Full Time

Start Date

Immediate

Expiry Date

08 Sep, 26

Salary

0.0

Posted On

10 Jun, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Pension Fund Accounting, Financial Reporting, Financial Reconciliation, Retirement Fund Legislation, Corporate Governance, Management Financial Statements, Annual Financial Statements, Quality Assurance, Risk And Compliance, Conceptual Thinking, Problem Solving, Stakeholder Communication, Performance Management, Business Continuity Planning, Analysis, Decision Making

Industry

Banking

Description

The main purpose of this position is to perform accounting and reporting responsibilities within the Pension Administration section of the South African Reserve Bank (SARB), ensuring the accuracy and completeness of pension administration accounting and reporting information as well as compliance with legislation, regulations, rules and relevant policies. Detailed description The successful candidate will be responsible for the following key performance areas: * Prepare the monthly management financial statements, annual financial statements and the annual report of the SARB Retirement Fund. * Present the SARB Retirement Fund’s monthly management financial statements, annual financial statements and the annual report to the Board of Trustees and its subcommittees. * Review and perform first-level authorisation of reconciliations, payments, accounting transactions and data entries captured by the pension administrator, ensuring accuracy and completeness. * Communicate complex pension-related accounting matters clearly to ensure stakeholders understand fund processes and policies. * Keep abreast with developments and changes to pension legislation, to ensure alignment of the reporting to the new legislative requirements. * Enforce adherence to controls and processes ensuring that team tasks are completed within compliance standards. About SARB Primary mandate of the SARB Section 224 of the Constitution of South Africa states the mandate of the SARB as follows: The primary object of the South African Reserve Bank is to protect the value of the currency in the interest of balanced and sustainable economic growth in the Republic. The South African Reserve Bank, in support of its primary objective, must perform its functions independently and without fear, favour or prejudice. WHAT WE DO Monetary Policy The Constitution gives the SARB the mandate to protect the value of the rand. We use interest rates to keep inﬂation low and steady. Financial Stability The SARB has a mandate to protect and enhance ﬁnancial stability. We identify and mitigate systemic risks that might disrupt the ﬁnancial system. Prudential Regulation The Prudential Authority regulates ﬁnancial institutions and market infrastructures to promote and enhance their safety and soundness, and support ﬁnancial stability. Financial Markets Open market operations are the main tool we use to implement monetary policy. We manage South Africa’s gold and foreign exchange reserves. Financial Surveillance The SARB is responsible for regulating cross-border transactions, preventing the abuse of the financial system and supporting the regulation of financial institutions. Payments and Settlements The SARB is responsible for ensuring the safety and soundness of the national payment system, which is the backbone of South Africa’s modern ﬁnancial system. Statistics The SARB provides important economic and ﬁnancial statistics that present an overview of the economic situation in South Africa. Research Research conducted by the SARB focuses on economics, ﬁnancial stability, banking and emerging trends in ﬁnance. Our research supports policy decision-making. Banknotes and Coin The SARB has the sole right to make, issue and destroy banknotes and coin in South Africa.

Responsibilities

The role involves preparing and presenting monthly and annual financial statements and reports for the SARB Retirement Fund to the Board of Trustees. It also requires reviewing accounting transactions and ensuring compliance with pension legislation and internal controls.