Chief Financial Officer

SUMMARY:
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POSITION INFO:

Main Purpose

To manage the Clients financial sustainability and health and to manage implementation of compliant financial practices.

Strategic Management

· Provide required and relevant information, insights and influence to the Clients strategic planning process

· Participate in finalizing the strategic plan and vision

· Develop the financial strategy to support the overall organisational strategy

· Define targets and strategies for team to implement in support of the achievement of the Clients strategic objectives

· Develop unit operational plans to facilitate achievement of the organisational strategy

Financial Management

• Manage the effective implementation of the Clients financial strategy and delivery of financial objectives and requirements
• Present defined financial reporting to senior management and Board
• Implement financial systems and policies in the organisation to ensure compliance with good practice principles

Audit Management

• Oversee the effective completion of the annual audit
• Manage the resolution of any identified audit issues
• Manage presentation of annual financial statements and any other related matters to the Audit Committee
• Manage implementation of corrective action required to address issues raised in the management letter

Budget Management

• Manage the collection of relevant information required to define the budget
• Plan the budget process, time frames and activities to complete within the budget delivery deadlines
• Advise Clients management and staff when formulating their budgets
• Drive delivery of each phase of the budget process to ensure timely completion
• Monitor approved budget – costs, cost control and budget discipline
• Implement and maintain agreed budget monitoring and control processes
• Analyse budget variations, determine causes and recommend actions to control budget within constraints
• Report on and address budget variances 

Risk Management and Compliance

• Manage financial compliance with all relevant tax, governance, regulatory and statutory requirements
• Conduct a risk assessment of Clients projects
• Manage the implementation of risk management strategies in line with the overall risk profile and risk management plan
• Assist the Board with regard to compliance in terms of the PFMA

Supply Chain Management

• Chair bid adjudication committee
• Review and approve supply chain policy
• Manage implementation of supply chain policy
• Manage compliance of policies with government circulars, guidelines and requirements
• Manage communication of procurement decisions to service providers
• Manage archiving and filing of contracts and agreements as per requirement

Public Officer

• Accept legal responsibilities of the position of public officer as required by SARS
• Represent Client in any matters that require the Public Officers input

People Management

• Select, assign, lead and manage people
• Set clear objectives for self and others and measure achievements against these objectives through implementation of the performance management system
• Build and manage relationships with staff members
• Manage and support staff development
• Develop and manage the implementation of succession plans for key individuals and critical positions
• Implement the Clients HR policies and procedures as required
• Manage risks and address all related issues as they arise

Qualifications & Experience

• Relevant degree or equivalent in Financial Accounting is required
• CA (SA) qualification or equivalent 
• Minimum of 12 years relevant experience with at least 5 years or more at a senior management level
• Excellent understanding and experience in working with the PFMA/MFMA/SCM legislation/Public Finance and public entities