| DESCRIPTION: |
| Typical job titles associated with a Chartered Financial Administrator include Financial Administrator, Finance Associate, and Accounting Technician. A finance or financial administrator provides financial and administrative support to colleagues, clients, and stakeholders of a business. They help to manage the finances of an organisation by monitoring its income and spending. They will oversee accounting and processing tasks across income and expenditure (including payment runs), as well as reviewing bank and balance sheet reconciliations. They are also responsible for the maintenance of financial records, ensuring financial data accuracy, the entry of all transactions on the accounting software and often the administration of the payroll. A finance administrators role covers all of the above tasks, but does not have overall accountability for them, instead performing a supportive role to the finance officer. |
| AWARDING CRITERIA |
| For the Professional Designation to be awarded, professionals must comply with the following minimum requirements: |
| Underlying Registered Qualification or Part Qualification: |
| The underlying qualification for the Chartered Financial Administrator designation is a Higher Certificate in Accounting (or equivalent) at NQF level 5 will be accepted as minimum entry requirements. |
| Experiential Learning or Experience |
| The candidate is expected to demonstrate that he/she has obtain the required qualification, experience and skills as required by the SAIBA Chartered Financial Administrator Competency Framework. |
| Competency Assessment |
Assessments are conducted in two parts. SAIBA evaluators verify the information presented by the candidate and an external assessor is appointed to perform a verbal assessment if the experience was gained other than within a SAIBA Approved Training Centre (ATC).
SAIBA may decide to use any of the following optional assessment methods:
written exam marked by an examiner,
verbal assessment performed by an assessor,
essay reviewed by an assessor,
portfolio of evidence reviewed by an assessor,
time sheets reviewed by an assessor. |
| Designation RPL Statement |
| This Designation may be awarded through Recognition of Prior Learning. |
| RETAINING CRITERIA |
| In order to ensure the currency of professional knowledge and to retain the Professional Designation, the professional must comply with the following minimum requirements: |
| Code of Conduct |
| Members must adhere to the Professional Body Codes of Conduct and Ethics. |
| Continuing Professional Development (CPD) |
| A Chartered Financial Administrator / Chartered FA / CFAD must obtain the 15 CPD units continuing professional development (CPD) per annum. At least 60% of the 15 units must be verifiable. |
| Fees |
| Ensure that the annual membership fee is paid. |
