Budgets and Reporting at UKZN (Peromnes Grade 7)

Budgets and Reporting at UKZN (Peromnes Grade 7). In the dynamic landscape of Education & Training, effective financial management stands as a cornerstone for sustainable growth and success. The University of KwaZulu-Natal (UKZN) acknowledges this significance by seeking a proficient UKZN Accountant (Peromnes grade 7) to oversee budgets, reporting, assets, and more. This article delves into the pivotal role of the UKZN Accountant within the framework of financial accounting, emphasizing their responsibilities, qualifications, and contributions to the institution.

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Position Summary In Budgets and Reporting

As a vital member of the financial accounting team, the UKZN Accountant operates within the Education & Training industry, based in Westville. Tasked with managing and reporting financial data, the accountant plays a crucial role in maintaining the fiscal integrity of the University. The position, offered on a permanent basis with market-related remuneration, underscores the institution’s commitment to excellence and sustainability. Additionally, it’s an Employment Equity (EE) position, reflecting UKZN’s dedication to diversity and inclusivity.

Job In Budgets and Reporting at UKZN (Peromnes Grade 7)

The UKZN Accountant’s responsibilities encompass a spectrum of financial tasks aimed at ensuring accuracy, compliance, and efficiency. Primarily, the role involves the preparation of quarterly management accounts, including variance analysis, and meticulous examination of general ledger accounts. Furthermore, the accountant is responsible for reconciling general ledger entries, executing journal entries, and facilitating month-end closures. Their duties extend to assisting with the year-end audit, approving petty cash requests, processing online banking payments, and handling various ad hoc financial tasks.

Minimum Requirements at UKZN (Peromnes Grade 7)

Prospective candidates for the UKZN Accountant position must meet certain minimum requirements to ensure competency and effectiveness in the role. These prerequisites include:

• Possession of a three-year degree with accounting as a major subject, demonstrating a foundational understanding of financial principles.
• Accumulation of five years of relevant accounting experience, with at least two years in a supervisory capacity, signifying leadership and managerial acumen.
• A proven track record of producing management reports for medium to large organizations, showcasing proficiency in financial reporting and analysis.
• Experience in interpreting financial statements, including cost reports, cash flows, and compliance with International Financial Reporting Standards (IFRS).
• Proficiency in computer literacy, particularly in Microsoft Office packages such as Word, Excel, and PowerPoint.
• Ability to thrive under pressure, meet deadlines, and adapt to dynamic work environments, highlighting resilience and agility.

FAQS: Budgets and Reporting at UKZN (Peromnes Grade 7)

Q1:What qualifications are needed for the UKZN Accountant role?

Ans: Prospective candidates must hold a three-year degree with accounting as a major subject and possess five years of relevant accounting experience, including two years in a supervisory position.

Q2:What are the primary responsibilities of the UKZN Accountant?

Ans: The accountant is responsible for managing and reporting financial data, preparing quarterly management accounts, reconciling general ledger entries, assisting with audits, and handling various ad hoc financial tasks.

Q3:Is computer literacy required for this position? 

Ans: Yes, candidates should be fully computer literate, particularly in Microsoft Office packages like Word, Excel, and PowerPoint, to effectively carry out their duties in financial accounting.

Conclusion

In essence, the UKZN Accountant (Peromnes grade 7) assumes a pivotal role in upholding the financial integrity and sustainability of the University of KwaZulu-Natal. Through meticulous budget management, accurate reporting, and adherence to standard accounting procedures, the accountant contributes significantly to the institution’s overarching goals and objectives. As UKZN continues its mission to excel in education and research, the role of the accountant remains indispensable in navigating the complexities of financial management effectively.