Financial Accountant: Two Posts

INTERNAL AND EXTERNAL VACANCY: FINANCIAL ACCOUNTANTS: TWO POSTS

CEF SOC

CENTRE: CEF HEAD OFFICE, SANDTON

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 accountant is responsible for financial reporting, compliance, and transactional accounting in line with the Public Finance Management Act (PFMA) and other regulatory frameworks applicable to CEF. This role ensures accurate financial records, supports audits, and contributes to the effective management of public funds.

REQUIRED MINIMUM QUALIFICATIONS AND EXPERIENCE:

• Matric and National Diploma (NQF 6) in Accounting / Finance or equivalent qualification.
• 5 to 8 years in accounting or related field.
• Bachelor’s degree (NQF 7) in Accounting/Finance or equivalent qualification will serve as an added advantage.

DESIRED ADDITIONAL SKILLS/ COMPETENCIES:

• Strong technical knowledge of accounting standards (IFRS/GAAP).
• Knowledge of the PFMA.
• Knowledge of operational finance, cash flow management and transaction processing.
• Coordination and communication skills.
• Information System Skills (SAGE 300, ACCPAC, Caseware, etc).
• Record keeping and documenting skills.
• Problem solving and time management skills.
• Understanding of the energy sector and state-owned company environment, where relevant.

KEY PERFORMANCE INDICATORS:

Financial accounting and reporting

• Prepare monthly, quarterly, and annual financial statements in accordance with IFRS and PFMA.
• Ensure accurate general ledger reconciliations and financial data integrity.
• Assist in the preparation of reports for submission to the National Treasury, Auditor-General, and Board Committees.

Operational finance and business support

• Processing of supplier invoices, payments, and reconciliations.
• Monitor accounts receivable and follow up on outstanding payments.
• Ensure that all financial transactions are recorded accurately and on time.

General Ledger and reconciliations

• Knowledge of the PFMA.
• Responsible for posting journal entries and reconciliations by posting journal entries and ensuring transactions are classified correctly.
• Processing journal entries such as deprecation, accruals and prepayments.
• Adjust journal entries required to correct misallocations and errors.
• Document supporting evidence for each journal entry.
• Submit journal entries for approval.
• Perform monthly reconciliation of bank accounts, AP & AR ledger, Fixed asset register, payroll, VAT and tax accounts.
• Resolve discrepancies and outstanding balances. 

Tax submissions

• Prepare and submit tax returns and statutory filings in accordance with local regulations. 

Finance administration and documenting

• Responsible for ensuring that all records are stored and filed for easy retrieval.
• Support the team during audits by providing requested information.

Publish date:   29 September 2026

Closing Date:  03 October 2026

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 not to 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. "