Docstoc

APPENDIX A

Document Sample
APPENDIX A Powered By Docstoc
					                                   APPENDIX A


                      Verification Analysts Qualifications



CONTENTS


1   Introduction                                             2
    1.1   Terminology                                        2
    1.2   Underlying Principles                              2
    1.3   SAQUA Level Descriptors:                           2

2   Qualifications                                           3
    2.1   Junior Verification Analyst                        3
    2.2   Senior Verification Analyst                        4
    2.3   Verification Manager                               5




                                        31 August 2006



                                        Version No. 2.0
R47 Appendix A                        Verification Analyst Qualifications


1     Introduction
1.1   Terminology
      •    Verification Analyst Qualifications are BEE Verification Analyst Qualifications
      •    Analyst - person carrying out the verification
      •    Outsourcing - verification of the measured entity by a third party on behalf of the verification agency
1.2   Underlying Principles
      Verification agency should have documented policies and procedures on human resources management
      • Selection of competent personnel
      • Provision of ongoing training
      • Performance measurement and monitoring
      • Maintenance of up-to date records
1.3   SAQUA Level Descriptors:
      Level descriptors, as the nomenclature suggests, provide a description of each of the eight levels on the
      National Qualifications Framework (NQF). The purpose of such description is to assist a writer of
      standards or qualifications in designing a qualification by allocating a level to a unit standard or a
      qualification, and to formulate outcomes and criteria for assessment that could clearly indicate the level of
      knowledge of a learner required to successfully achieve the unit standard or qualification.
      The NQF consist of three bands, namely General Education (level 1 – schooling up to grade 9 and
      ABET), Further Education and Training (levels 2 – 4: grade 10 – 12), and Higher Education (levels 5 – 8).
      After completion of level 1 of the NQF, a learner could achieve a GETC and after completion of level 4 of
      the NQF, an FETC.
          NQF LEVEL             BAND                                    QUALIFICATION TYPE
                                                     •   Post-doctoral research degrees
                                                     •   Doctorates
               8
                                                     •   Masters degrees


                                                     •   Professional Qualifications
               7                                     •   Honours degrees
                         HIGHER EDUCATION
                            AND TRAINING
                                                     •   National first degrees
               6                                     •   Higher diplomas


                                                     •   National diplomas
               5                                     •   National certificates

                                  FURTHER EDUCATION AND TRAINING CERTIFICATE
               4
                        FURTHER EDUCATION            •   National certificates
               3
                           AND TRAINING
               2
                               GENERAL EDUCATION AND TRAINING CERTIFICATED
                                                  Grade 9                  ABET Level 4
                        GENERAL EDUCATION
               1                             • National certificates
                           AND TRAINING


      In line with the level descriptors, qualifications and unit standards are registered at the specified level of
      the NQF with a number of credits allocated to it. This means that a learner could accumulate credits for
      successful completed unit standards towards a qualification making learning more flexible to meet learner
      needs.

      .




                                                 V2.0                                                            2
R47 Appendix A                             Verification Analyst Qualifications


2         Qualifications
2.1       Junior Verification Analyst
            SCOPE OF WORK                              OUTPUTS                                                 SKILLS & COMPETENCIES
    Performs the verification under         •   Verification plan                •   BEE scorecard software
    close supervision of the senior         •   Schedule of onsite visit         •   Conveying BEE knowledge to clients
    verification analyst OR verification    •   Verification report              •   Interpretation of share certificates
    manager.                                •   Supporting evidence              •   Interpretation of job descriptions
    Simplistic     direct   ownership       •   Recommended BEE rating           •   Directing client in terms of what evidence is required
    structures only.                        •   Identified      skills   and     •   Verification of evidence as authentic against given standards
                                                knowledge deficits               •   Calculation of total procurement spend
    QUALIFICATIONS
                                                                                 •   Calculation of EBITDA
                                                                                 •   Identification of net profit after tax
    • NQF 5 Relevant Qualification;
                                                                                 •   Working within tight time frames
      OR
                                                                                 •   Computer literate MS Excel and Word
    • BEE Verification Learnership (to
      be created in line with NQF 5)                                             •   Analytical, Reasoning , Objectivity, Impartiality, Confidentiality
                                                                                 •   Perform analytical review to assess reasonableness of submissions
    TRAINING                                                                     •   Conduct substantive checks to validate information, through the analysis of different
                                                                                     source document
    • External and/or Internal training                                          •   Understanding of company law
      identified by Verification Agency.                                         •   Understanding of accounting systems
                                                                                 •   Interpretation of employment contracts
    EXPERIENCE                                                                   •   Statistical sampling

    • No prior work experience
      required.
    • Classified as competent by the
      Verification Agency in line with
      required process for selecting,
      training      and      authorising
      verification analysts.




                                                                                       V2.0                                                                                  3
R47 Appendix A                          Verification Analyst Qualifications


2.2    Senior Verification Analyst
 SCOPE OF WORK                                      OUTPUTS                                                 SKILLS & COMPETENCIES
 • Guides, supervises and reviews        • Verification plan                  •   Conveying BEE knowledge to clients
   work performed by junior              • Schedule of onsite visit           •   Interpretation of share certificates
   verification analyst. Work is         • Verification report                •   Interpretation of job descriptions
   reviewed      by     verification     • Supporting evidence                •   Directing client in terms of what evidence is required
   manager                               • Recommended BEE status             •   Verification of evidence as authentic against given standards
 • Complex Ownership structures          • Identified      skills     and     •   Calculation of total procurement spend
 • Industry Charters                       knowledge deficits                 •   Calculation of EBITDA
                                         • Project Management team            •   Identification of net profit after tax
 QUALIFICATIONS                            members                            •   Working independently
                                                Allocation of resources       •   Computer literate MS Excel and Word
 • NQF 6 Relevant Qualification;                according to Verification     •   Analytical, Reasoning , Objectivity, Impartiality, Confidentiality
   OR                                           plan                          •   Interpretation of shareholders agreements
                                                Time management of            •   Interpretation of sales agreements
 • NQF 5 Relevant Qualification;                tasks                         •   Interpretation of valuation certificates
   PLUS                                         Ongoing quality control
                                                                              •   Identification of remaining third party rights against black equity shareholding
 • Completed a BEE Senior                       on project
   Verification programme (to be                                              •   Calculation of the value of remaining third party rights against black equity
                                                Identify conflict of
   created in line with NQF 6)                                                    shareholding
                                                interest and manage it
                                                Manage all risks and          •   Calculation of value of shares
 TRAINING                                       issues associated with        •   Project and people management
                                                project                       •   Differentiating between different forms of equity instruments
 • External and/or Internal training                                          •   Calculation of points flowing from a chain of ownership and complex structures
   identified by Verification Agency.                                         •   Training team members
                                                                              •   Identifying critical and core skills
 EXPERIENCE                                                                   •   Employment related legislation and HR management systems applicable to BEE
                                                                              •   Calculations of types of enterprise development spend
 • 1   years    BEE verification                                              •   Calculating Complex equity instruments points
   experience; OR                                                             •   Interpretation of industry charters
 • 3 years commercial work                                                    •   Validation of scorecard calculation system
   experience.                                                                •   Briefing and managing outsourced experts
                                                                              •   Perform analytical review to assess reasonableness of submissions
 • Classified as competent by the                                             •   Conduct substantive checks to validate information, through the analysis of different
   Verification Agency in line with                                               source document
   required process for selecting,                                            •   Understanding of company law
   training      and      authorising                                         •   Understanding of accounting systems
   verification analysts.                                                     •   Interpretation of employment contracts
                                                                              •   Statistical sampling


                                                                                    V2.0                                                                                  4
R47 Appendix A                          Verification Analyst Qualifications


2.3    Verification Manager
 SCOPE OF WORK                                      OUTPUTS                                                SKILLS & COMPETENCIES
 • Performs an independent review        • Final decision on BEE status       •  Conveying BEE knowledge to clients
   of the verification and endorses      • BEE certificate approval           •  Interpretation of share certificates
   the result of the verification.       • Notification of DTI re client      •  Interpretation of job descriptions
 • Guides, supervises and reviews          BEE status                         •  Directing client in terms of what evidence is required
   work performed by junior and          • Instruction to finalise and        •  Verification of evidence as authentic against given standards
   senior verification analyst.            secure client file                 •  Calculation of total procurement spend
 • Complex Ownership structures          • Verification plan                  •  Calculation of EBITDA
 • Industry Charters                     • Schedule of onsite visit           •  Identification of net profit after tax
 • Each Verification Agency must         • Verification report                •  Analytical, Reasoning , Objectivity, Impartiality, Confidentiality
   have at least one verification        • Supporting evidence                •  Interpretation of shareholders agreements
   manager, this function can not        • Recommended BEE status             •  Interpretation of sales agreements
   be outsourced                         • Identified       skills    and     •  Interpretation of valuation certificates
                                           knowledge deficits                 •  Identification of remaining third party rights against black equity shareholding
 QUALIFICATIONS                          • Project Management team            •  Calculation of the value of remaining third party rights against black equity
 • NQF 7 Relevant Qualification;           members                               shareholding
   OR                                           Allocation of resources       • Calculation of value of shares
                                                according to Verification     • Project and people management
 • NQF 6 Relevant Qualification;                plan
   PLUS                                                                       • Differentiating between different forms of equity instruments
                                                Time management of            • Calculation of points flowing from a chain of ownership and complex structures
 • Completed a BEE Verification                 tasks
   Manager programme (to be                                                   • Identifying critical and core skills
                                                Ongoing quality control
   created in line with NQF 7)                                                • Employment related legislation and HR management systems applicable to BEE
                                                on project
                                                Identify conflict of          • Calculations of types of enterprise development spend
 TRAINING                                       interest and manage it        • Calculating Complex equity instruments points
 • External and/or Internal training            Manage all risks and          • Interpretation of industry charters
   identified by Verification Agency.           issues associated with        • Developing BEE software programming specifications
 • BEE Verification Manager Exam                project                       • Validation of scorecard calculation system
                                                                              • Briefing and managing outsourced experts
 EXPERIENCE                                                                   • Perform analytical review to assess reasonableness of submissions
 • 2     years    BEE    verification                                         • Conduct substantive checks to validate information, through the analysis of different
   experience; OR                                                                source document
 • 5 years commercial work                                                    • Understanding of company law
   experience.                                                                • Understanding of accounting systems
 • Classified as competent by the                                             • Interpretation of employment contracts
   Verification Agency in line with                                           • Statistical sampling
   required process for selecting,                                            • Making final decisions
   training      and    authorising                                           Identifying skills deficits and knowledge and non conformances of verification staff and
   verification managers.                                                     correcting it as well as training of staff

                                                                                   V2.0                                                                                  5

				
DOCUMENT INFO