Reference: 42756140Road Accident Fund
Purpose of the Job: Reporting to the Manager: Financial Risk Management, the successful incumbent is responsible for the monitoring and controlling the Fund's payment batches to meet business and investment needs as well as the identification of potential risks to Fund payment batching.
Key Performance Areas Payments Batching Management Conduct preliminary analysis of accounting and financial documents to inform decisions and identify risks to payment batching. Manage batching of payment requests in line with Departmental objectives and Payment Strategy of the Fund. Assess, control and analyse potential payment batching risks in several non-market related fields and how these may affect the Fund's market. Stay fully informed on developments on the country's economy as well as globally to inform risk management or mitigation strategies. Monitor processes to manage the organisation's assets and credits. Analyse payment batching trends and construct guidelines thereon. Design and implement strategies to manage payment batching. Development of Statistical Tools and Models Implement the use of various valuation techniques and tools, statistical models, and quantitative analysis in order to contribute towards the Fund's success. Implement the use of new statistical tools and software to evaluate risk. Develop models and contingency plans to deal with potential threats. Reporting Contribute to the preparation and submission of Regulation reports. Aid in the development of functional reporting systems, for management, project or performance reporting. Report regularly and periodically perform necessary submissions as and when required to provide progress updates and/or inform management decisions. Stakeholder Management Aid in proactive and progressive relationships with key stakeholders. Deal with inquiries and requests for information from both internal and external stakeholders. Aid in the maintenance of relationships with vendors, service providers or procurement teams and ensure that all relevant procured items are invoiced and paid on time. People Management Ensure that good employee relations are maintained. Provide ongoing support and coaching for employees. Ensure that all employees have entered into performance contracts/agreements within the unit. Conduct periodic employee performance reviews and assessments. Develop budgets for the department. Qualifications and Experience Bachelor's Degree/ Advanced Diploma in Financial Management/ Investment Management/ Accounting/ Risk Management related qualification. Minimum of 5 years' experience in a Financial Management/ Payments/ and Payments Batching related environment of which 2 years must have been on a supervisory level in the operations management function. NB: "RAF offers Total Employment Cost packages with no additional contributions from the Employer, successful candidates are required to structure their packages in a manner that will suit their needs".