Executive Director

2 weeks ago

Pretoria, South Africa University of Pretoria Full time

RESPONSIBILITIES:
The Executive Director-Finance and Business Initiatives main responsibilities will be to:
**Strategic Management**
- Formulate the University’s financial goals and strategies for approval by the Vice-Chancellor and Principal, as well as for the successful execution and implementation of the strategic initiatives to achieve the University goals and objectives.
- Provide leadership in strategic planning, policy development, forecasting, analysis of resources, budgeting and cash flow management.
- Provide strategic and operational financial direction and guidance to the Vice-Chancellor, Executive Management and Senior Management.
- Provide strategic leadership and advice in the planning, policy development, forecasting, resources analysis, budgeting, cash flow management and financial sustainability of the University.
- Provide strategic leadership in business initiatives in line with the University’s objectives.
- Provide leadership in strategic and operational financial decisions of the business units through which the University executes its business initiatives, and ensure that risk exposure is minimised and mitigated.
- Serve as a strategic advisor to the Vice-Chancellor and Principal, as well as to Executive Management and Senior Management.

**Financial and Operational Management**
- Provide strategic and operational financial direction and guidance to the Vice-Chancellor and Principal and Executive Management.
- Provide direction and leadership in the preparation of annual budgets, in line with the University’s objectives.
- Provide advice on managing the University’s financial sustainability
- Oversee and report on the budget implementation throughout the year, to achieve business objectives.
- Manage the University’s financial controls and fiduciary stewardship, and ensure that plans are in place to strengthen vulnerable areas.
- Provide leadership in the implementation of policies and procedures to govern financial decision-making, including budgets, expense management, capital spending to ensure the achievement of financial sustainability, and revenue objectives.
- Oversee the management reporting of the University and ensure that the Vice-Chancellor and Principal and Management have access to necessary financial information to make appropriate strategic decisions.
- Oversee the management of the Retirement Funds and the Investment Portfolio of the University.

**Managing the University’s business strategies and initiatives**
- Direct the analysis and interpretation of financial information and assist in the development of the University’s business operational plans.
- Balance the University’s short term, medium term and long term strategic objectives to maximise the financial performance of the University.
- Direct the forecasting of critical business initiatives milestones and potential obstacles, and evaluate alternate courses of action.
- Provide financial planning strategies for business initiatives and assist in assessing sustainability.

**Management of the University’s business units**
- Manage and provide strategic financial leadership of the University’s business units through which the University currently executes most of its business activities with national and international private and public sectors, and ensure that the University’s financial risk exposure is minimised and mitigated.

**Human Resources Management**
- Provide leadership to direct reports and ensure that their teams are capable of executing the University’s goals and objectives.
- Provide mentorship and nurture professional growth and autonomy for direct reports.

**MINIMUM REQUIREMENTS FOR APPOINTMENT**
- Registration as a Chartered Accountant (South Africa);
- A Masters’ degree in Finance or Accounting;
- Ten(10) years' proven broad managerial experince in Finance, of which at least (5) years should be in a senior or Executive role or at least 5 years in a senior role in the higher education environment
- A minimum of five (5) years of an exceptional track record in financial management and administration;
- A minimum of five (5) years’ experience in fund accounting;
- At least five (5) years’ proven experience in implementing financial systems and processes;
- Strong leadership skills, excellent communication and interpersonal skills, as well computer and information literacy skills;
- Proven ability and skills in liaising and managing internal and external stakeholders;
- Proven experience in managing retirement and investment funds;

**ADDED ADVANTAGES**
- Doctorate in Accounting or Finance;
- Proven innovative entrepreneurship experience;
- Experience in the management of financial records in main IT systems.

**REQUIRED COMPETENCIES (SKILLS, KNOWLEDGE AND BEHAVIOURAL ATTRIBUTES)**
- Advanced extensive knowledge of International Financial Reporting Standards (IFRS);
- Expert knowledge in developing and interpreting Financial Statements;
- Excellent knowledge of Ter

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