Chief Financial Officer

2 weeks ago

East London, Eastern Cape, South Africa Abantu Staffing Solutions Full time

Job Description:

To provide strategic leadership and management in respect of accounting, financial, and procurement policies, systems, procedures and activities of the organisation.

The role reports to the CEO and has 5 direct reports.

Education / and or Experience:

  • Minimum three-year tertiary qualification with a post graduate qualification in Accounting or Finance.
  • A minimum of 10 (ten) years relevant experience of which 5 (five) years relevant experience at senior/executive management level in the management of Finance.
  • Sound knowledge and understanding of the Public Finance Management Act (PFMA), related legislation and applicable laws.

Responsibilities:

Accountabilities

Planning involved in this position:

  • While performing the duties of this job, the employee is involved in policy development and strategic planning processes

Deadlines that need to be adhered to:

  • Submit monthly, quarterly and annual reports for the various organisations e.g. Board, MANCO, Treasury and the Auditor General.

Financial Management

  • Ensure the development of the budget for the organisation and its presentation to the Finance and Investment Sub-Committee of the Board.
  • Provide direction towards the management of organisation's financial and accounting systems.
  • Ensure the creation, production and distribution of all the organisation's Financial and Accounting Reports to the appropriate authorities and committees in accordance with all statutory, legal and compliance requirements.
  • Ensure that all the financial controls required according to legislative and professional best practices are established, implemented and monitored.
  • Ensure the full financial and accounting compliance of finance related polices, as well as all organisation's policies, practices and systems.
  • Identify, manage and monitor all financial risks to which the organisation may become party to or be exposed through the pursuit of the organisation's mandate.
  • Ensure that the internal control function fulfils its function in relation to identifying and ensuring that sufficient internal controls exist and are maintained within the organisation.
  • Monitor the entities cash flow, revenue and expenditure to ensure it is optimised in order to avoid under or over spending of organisation's budget.

KPI

    • Budget and expenditure plans
    • Effective financial management
    • Compliance to policy, statutory and legal requirements

Supply Chain

  • Oversee the supply chain processes, procedures and ensure compliance to PFMA and Treasury regulations.
  • Advise CEO on procurement.
  • Chair the BAC (Bid Adjudication Committee).
  • Ensure GRAP compliance asset register.
  • Ensure the optimal use of resources, including sound fleet management principles

KPIs

    • Compliance to PFMA, Treasury regulations etc.
    • Record of meetings

Stakeholder Management

  • Ensure sound inter-governmental relations by liaising and reporting on the financial affairs to organisation's Board through the CEO.
  • Ensure sound corporate governance by implementing and strengthening the financial control environment.
  • Ensure the outcomes of the audit report reflects sound governance and financial management.

KPIs:

    • Effective stakeholder management
    • Organisation accurately represented
    • Regular participation
    • Sound corporate governance and financial management

People Management

  • Ensure effective and efficient organisation structure is in place to achieve organisation objectives.
  • Ensure Finance Department's organisation structure is appropriately resourced.
  • Ensure performance management of staff in accordance to organisation policies and procedures.
  • Oversee the implementation of skills and training initiatives in accordance with the skills development plan for the Finance Department.
  • Ensure employee relations are managed in accordance with organisation polices and regulations.
  • Ensure compliance to occupational health and safety standards and regulation for staff and visitors.

KPIs

    • Effective and appropriate infrastructure and resources
    • Performance against budget
    • Staff management
    • Inspired and motivated staff
    • Compliance with relevant policies and procedures

Competencies

  • Planning
  • Organising and prioritising
  • Initiative
  • Detail focused

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