Audit Committee Member (3 years Contract)
Centre: Compensation Fund, Pretoria
Reference No: HR 5/1/2/3/37
Remuneration: The Audit Committee Member shall be compensated according to rates approved
by the Department of Employment and Labour.
Enquiries: Ms B Gumbu: (012) 319-9320
Requirements: A relevant three-year tertiary or equivalent qualification in Commerce or Corporate Governance or Compliance and Law for appointment as a member of the Audit Committee of the Compensation Fund for a period of three years ● Candidates should have executive management experience in Corporate Governance, Compliance and Law within the insurance and medical sector for more than ten years ● Exposure in serving in the oversight committees ● A member of a recognised professional body and a person who has Government interest in delivering a better service to its citizens Knowledge: Applicants must have demonstrable exposure in medical aid, insurance fields and possess extensive experience in legal, compliance and corporate governance. ● The applicants should be independent and knowledgeable on the status of their positions as member of the Audit Committee ● A knowledgeable person who keeps up to date with commerce or corporate governance or compliance and Law profession and developmental aspects ● Fund Values ● Technical Knowledge ● DPSA guidelines and COIDA
Skills: Analytical thinking ability and good communication skills ● Courage to challenge answers and ask relevant questions, willing to dedicate time and energy to serve the interest of the public ● encourage openness and transparency, healthy scepticism and professional approach ● high level of integrity, inquisitiveness and independent judgement, knowledge of the public sector fund’s risk and control ● Ability to offer new perspective
Duties: Fulfil oversight responsibilities with regard to governance, information technology governance, risk management, internal controls, legal compliance, external and internal audit, management accounts and annual financial statements ● Assist the Accounting Officer/Authority in the effective execution of his/her responsibilities ● Help build trust and confidence in how the fund is managed.● Regulate and discharge all responsibilities as contained in relevant legislation and or the Audit Committee Charter
CLOSING DATE FOR APPLICATIONS: 04 September 2020 at 16:00
Applications must be submitted on form Z83, obtainable from any Public Service Department or on the internet at www.gov.za/documents. The fully completed and signed form Z83 should be accompanied by a recently updated, comprehensive CV as well as recently certified copies of all qualification(s) including a Senior Certificate and ID-document [Driver’s license where applicable]. Non-RSA Citizens/Permanent Resident Permit Holders must attach a copy of their Permanent Residence Permits to their applications. Should you be in possession of a foreign qualification, it must be accompanied by an evaluation certificate from the South African Qualification Authority (SAQA). Applicants who do not comply with the above-mentioned requirements, as well as applications received late, will not be considered. Failure to submit all the requested documents will result in the application not being considered. Correspondence will be limited to short-listed candidates only. If you have not been contacted within eight (8) weeks after the closing date of this advertisement, please accept that your application was unsuccessful. Suitable candidates will be subjected to a personnel suitability check (criminal record, citizenship, credit record checks, qualification verification and employment verification). Successful candidates will be appointed on a probation period of 12 months. The Department reserves the right not to make any appointment(s) to the above post. The successful candidate will be expected to sign a performance agreement. The Department of Labour is an equal opportunity affirmative action employer. The employment decision shall be informed by the Employment Equity Plan of the Department. It is the Department’s intention to promote equity (race, gender and disability) through the filling of this post(s) with a candidate whose transfer / promotion / appointment will promote representativity in line with the numerical targets as contained in the Employment Equity Profile of the Department. Applicants may be subjected to written assessment to determine technical skills.
Applications: Direct your application to: CFRecruitment@labour.gov.za on or before 04 September 2020 at 16:00
For Attention: Sub-directorate: Human Resources Planning Practices and Administration, Compensation Fund.
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