Senior Accountant: Expenditure and Revenue Management (CEF Trading): Five Year Fixed-Term

Sandton, South Africa

 

INTERNAL AND EXTERNAL VACANCY: SENIOR ACCOUNTANT: EXPENDITURE AND REVENUE MANAGEMENT (CEF TRADING): FIVE YEAR FIXED-TERM

CEF is a Schedule 2 state owned diversified energy company reporting to the Department of Mineral & Petroleum Resources. The Mandate of CEF is to contribute to the security of energy supply of South Africa and the Region through exploration, acquisition, development, marketing and strategic partnership. It is derived from the CEF Act (No 38 of 1977) and the Ministerial directives issued thereafter.

JOB PURPOSE:

The Senior Financial Accountant is responsible for managing the financial accounting and operational finance functions for specific subsidiaries within the group. This includes ensuring accurate financial reporting, maintaining financial controls, overseeing compliance, and managing day-to-day financial operations for the assigned entities.

REQUIRED MINIMUM QUALIFICATIONS AND EXPERIENCE:

  • Matric and National Diploma (NQF 6) in Finance, Accounting or equivalent qualification  
  •  A minimum of 5-8 years' experience in a Finance, Expenditure Management or Revenue Management.
  • Bachelor’s degree (NQF 7) in accounting or any other equivalent qualification will serve as an added advantage.

DESIRED ADDITIONAL SKILLS/ COMPETENCIES:

  • Strong technical knowledge of accounting standards (IFRS, or GRAP)
  • Knowledge of the Public Finance Management Act (PFMA)
  • Sound understanding of operational finance and cash flow management
  • Strong coordination skills
  • Excellent communication skills
  • Proficiency in information systems (e.g., ACCPAC, SAP, or similar)
  • Strong record-keeping and documentation abilities
  • High attention to detail
  • Effective problem-solving skills
  • Strong time management capabilities
  • Conscientious and reliable
  • Preference for working with structured, concrete tasks
  • Assertive and confident in decision-making
  • Perfectionistic with a commitment to high standards
  • Strong critical thinking and problem-solving ability
  • Consistency in accuracy and attention to detail
  • Demonstrated integrity and ethical conduct
  • Strong planning and prioritization abilities
  • Ability to engage effectively with stakeholders
  • Strong leadership and coaching capability
  • Demonstrates resilience, accountability, and a proactive work ethic

KEY PERFORMANCE INDICATORS:

Financial and Accounting Reporting

  • Manage the financial accounting processes for designated subsidiaries, ensuring compliance with accounting standards.
  • Prepare and review financial statements, including income statements, balance sheets, and cash flow reports.
  • Ensure accurate and timely month-end, quarter-end, and year-end financial close processes for assigned entities.
  • Maintain financial records in line with International Financial Reporting Standards (IFRS) / Generally Accepted Accounting Principles (GRAP).

Operational finance and business support

  • Oversee day-to-day financial operations, including accounts payable, accounts receivable, and bank reconciliations.
  • Monitor and manage cash flow, ensuring effective working capital management for subsidiaries.
  • Partner with operational teams to ensure financial processes align with business needs.
  • Ensure proper financial controls over procurement, supplier payments, and expense management.

General Ledger and Financial controls

  • Maintain the integrity of the general ledger by reviewing journal entries and reconciliations for assigned entities.
  • Ensure timely and accurate processing of transactions, accruals, and adjustments.
  • Implement and uphold strong financial controls to mitigate risks and ensure compliance

Taxation and compliance

  • Ensure compliance with tax regulations, including VAT, corporate tax, and payroll tax for the assigned subsidiaries.
  • Prepare and submit tax returns and statutory filings in accordance with local regulations.
  • Liaise with auditors, tax authorities, and regulatory bodies to ensure compliance with financial and legal requirements. 

Audit and Risk management

  • Support internal and external audit processes, ensuring timely responses to audit queries.
  • Ensure all financial activities comply with corporate policies and regulatory frameworks.
  • Identify and mitigate financial risks through robust internal controls and adherence to best practices.

Team management

  • Supervise assistant accountants by providing daily priorities and monitoring execution according to priorities and timelines

 

Publish date:    10 December 2025

Closing Date:   15 December 2025

 

NOTE: The successful candidate/s for the advertised position/s will be required to undergo personnel suitability checks, which includes, criminal records, citizenship, financial checks, qualifications and previous employment (Reference checks). It is the responsibility of the applicant to make sure that foreign qualifications are evaluated by the South African Qualifications Authority and the evaluation certificate is attached to the application on submission. If you do not hear from the CEF SOC three months after the closing date of the advertisement, consider your application unsuccessful.  CEF SOC reserves the right to not fill this position. CEF SOC is an equal employment opportunity and affirmative action employer, and it is committed to the achievement and maintenance of diversity and equity in employment, especially in respect of race, gender and disability. This position will be filled in accordance with the CEF SOC Employment Equity Plan.