Loss Control Committee Member : Legal Pretoria Part Time (minimum of 15 meetings annually, depending on the workload) OBJECTIVE : The purpose of the Loss Control Committee is to ensure that there is proper internal determination of loss incurred due to irregular or fruitless and wasteful expenditure as per the requirement of the National Treasury Instruction Note 2 of 2019 / 20 on Irregular expenditure and National Treasury Instruction Note 3 on fruitless and wasteful expenditure of 2019 / 20 and annexures.
Each member will support the committee with respect to any matters necessary or appropriate to the accomplishment of its responsibilities under the direction of the Chairperson of the committee. MINIMUM REQUIREMENTS :
NQF level 8 Legal Qualification
10 Years working experience in a legal environment with 3 years leadership / managerial experience
Working knowledge of at least contract law, financial law, corporate law construction law
Working knowledge of relevant SCM legislation, implementing National Treasury and relevant PPPFMA regulations
At least 3 years’ experience in compliance related committees as a senior member MANDATE OF THE COMMITTEE :
To standardize loss determination process relating to irregular expenditure.
To ensure that the requirements of National Treasury Instruction Notes 2 and 3 on Irregular, Fruitless and Wasteful of 2019 / 20 and related annexures are complied with.
To ensure that the determined loss is recovered from responsible employees.
To ensure that losses that are of criminal, corrupt or fraudulent activities are reported to, as per the Prevention and Combating Corrupt Activities, Act 12 of 2004 (PRECCA) security agencies, e.g. SAPS or Hawks.
To ensure that any weaknesses / breakdown in internal controls are identified and mitigated.
To ensure that a loss is recommended to the Chief Financial Officer for recovery in terms of the Debt Management Policy. COMMITMENT TO MEETINGS :
The Loss Control Committee must hold regular meetings (every six (6) weeks), in keeping with the incidents identified and for which loss is to be determined.
Other meetings may be held depending on the need as determined by the chairperson.