Director: Public Entity Financial Oversight

Recruiter:

HR Genie

Job Ref:

LM_DPEFO

Date posted:

Thursday, May 12, 2022

Location:

King William's Town, South Africa

Salary:

Market related

SUMMARY:
To manage and coordinate activities aimed at supporting the "Group" CFO to exercise financial oversi

JOB DESCRIPTION:

Purpose:

To manage and coordinate activities aimed at supporting the “Group” CFO to exercise financial oversight

Main Activities:

Oversee processes and assist Public Entities in the Group to cost their Strategic Plans for inclusion in the organisations MTEF budgetary inputs.
Quality assure inputs, and utilise consolidated working papers to compile inputs to the Provincial Treasury for the MTEF budgeting process.
Manage and oversee processes to assist Public Entities to cost the operational and annual performance plans for budgetary inputs.
Manage and oversee processes to provide technical assistance to Public Entities to submit reliable budget information.
Provide technical assistance to Public Entities in the Group to prioritise funding requirements within the parameters set by the MTEF.
Interpret and implement the Treasury guidelines for the Estimates of Expenditure process
align budget statements with the annual performance plan, strategic plan, national and provincial spending priorities.
Monitor trends and supervise the monthly cash flow and adjusted cash flow preparation process within the Public Entities and report thereon to the Group CFO.
Analyse transfer requests in line with Cash Flow Statements and performance standards set in the SLAs and advise the CFO accordingly to approve the release of transfer payments.
Analyse budegetary information provided by organisations public entities and prepare estImate reports for the identification of transfer requirements and the inclusion thereof in the departmental estimates.
Analyse the financial statements, Risk Plans, internal audit, external audit and forensic audit reports of Public Entities to identify the adequacy of internal financial controls, possible irregular/fruitless expenditure, etc. and provide early warning services to the Group CFO.
Through monitoring, evaluation and reporting processes enable the Accounting Officer, through the CFO, to respond to financial management issues raised by the Legislature.

Qualification:

B Comm-degree or equivalant qualification

Competency Requirements:

Budgeting and Financial Management

Plan the work-unit’s budget and manage income and expenditure, through responsible implementation of policies, practices and decisions in order to achieve unit objectives effectively and efficiently.

Communication and Information Management

Collect data and information, analyse and translate information into

knowledge for planning, decision making or management reporting and to communicate and distribute to different audiences

Developing Others

Develop and coach others and constructively review the work of others in order to improve and advance the skills

Impact and Influence

Make an impact, persuade and influence individuals or groups in order to gain support and action for ideas, proposals or initiatives

Planning and Organising

Plan and organise the work of the work-unit and groups, using goal setting, objectives, targets, creating work schedules and work-plans with associated budgets and resources

Problem Solving and Decision Making

Solve problems by analysing situations and apply critical thinking in order to resolve problems and decide on courses of action

Project Management

Plan and manage projects by creating Work Breakdown Schedules (WBS),activity schedules, time scales and timelines with associated budgets

Financial Technical Competency Requirements:

Legislative regulatory framework.
Departmental policies and procedures.
Strategic Planning
Annual Performance Plan
Business and project financial planning
MTEF budgeting process.
Estimates of expenditure (national and provincial)
Monthly cash flow and adjusted monthly cash flow
Adjustment estimates
Budgeting
Establishment of the accounting structure
Review of the accounting structure.
Clearing suspense accounts

Minimum Work Experience after obtaining the specified inimum qualification:

3 Years’ accounting experience at a MM level.

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