Chief Financial Officer

**REQUIRED MINIMUM EDUCATION*** B Com majoring in Accounting and completed Articles **REQUIRED MIN WORK EXPERIENCE** 10 to 12 years commercial or public sector financial/accounting experience of which 5 to 7 has been at senior management level, SAP experience **DESCRIPTION OF RESPONSIBILITIES** **Financial Planning, Budgeting and Shareholder Compact** - Analyses and presents financial and related data for planning purposes, leading to the development and ongoing modification of a Financial Plan for Tourism KZN as part of the overall Strategic Planning process - Prepares submission _(corporate and financial plans) _to obtain Provincial funding for Tourism KZN - Coordinates the preparation of the _Shareholders Compact_ - Develops structures, procedures and formulae for the determining of resource allocation to activity centres and programmes - Ensures that the financial code structure is maintained and controlled in a manner that will enable the preparation and recording of valid, accurate & timely financial statements and accounts - Provides direction in the preparation of Tourism KZNs annual revenue & expenditure budget - Provides direction in the preparation of Tourism KZNs annual capital budget, including financing strategies - Coordinates the preparation of Tourism KZNs medium-term (three year) financial plan and capital expenditure programme - Supervise the review and modification of the budgets in the light of changing resource projections - Ensures the accurate and timely setting of budget allocations in Tourism KZNs accounting system - Ensures that appropriate controls and expenditure limits are established **Financial Policy Review and Development** - Advises the Chief Executive Officer ("CEO") and other members of Executive Management on matters relating to Tourism KZN financial policy and strategy. Ensures that all relevant financial information is made available to the CEO, Executive Management and the Finance, Audit and Risk Committees - Ensures that accounting policies and practices accord with the requirements as laid down by the Accounting Standards Board - Develops a framework for acceptable levels of materiality and significance of the accounting authority - Ensures the development, operation and maintenance of effective and efficient financial systems and procedures, including the establishment of adequate internal control measures to safeguard all assets of Tourism KZN and to ensure the reliability of its accounting records - Responsible for the regular review and update of existing financial policies and procedures. - Responsible for communication and implementation of agreed policies, practices and systems **Financial Accounting & Statutory Reporting** - Responsible for the preparation and consolidation of the year-end financial statements for submission to the Board and for inclusion in the Annual Report. - Ensures the valid, accurate & timely preparation of Tourism KZNs _income and expenditure statements_ including the reconciliation of _grant income, investment income, staff compensation expenditure and other expenditure, such as supplies & services (operational) expenditure _to the financial ledger_._ - Ensure the required _disclosures (remuneration and actual performance against indicators) _are included in the AFS - Ensures the timely and accurate compilation of reports & financial analyses for submission to the Board and Audit Committee - Assists the CEO and the Board with the statutory audit **Management Accounting & Reporting** - Responsible for producing valid, accurate and timely consolidated management accounts and reports in respect of the Tourism KZN as a whole. - Ensures the development, operation and maintenance of effective and efficient management accounting & reporting systems and procedures in respect of the Tourism KZN Departments and programmes - Establishes the framework to monitor expenditure of the Departments against their approved budgets and advises accordingly. - Establishes adequate internal control measures to safeguard all assets of Tourism KZN **Cash, Banking & Investment Management** - **_ Cash Flow:_** - Coordinates the production of detailed _cash flow analyses_ for the forthcoming financial year - Conducts regular assessments of Tourism KZNs forecast cash flow position and takes appropriate action to ensure the entitys ongoing liquidity - Reviews the detailed daily cash flow reports and effects fund transfers between investment (call/deposit) and current accounts in order to optimise the return on funds under administration - **_ Banking:_** - Administers Tourism KZNs banking - Prompt revenue collection and banking - monthly bank reconciliations - Investing surplus cash - **_ Investments:_** - In conjunction with the CEO, develops the short and medium term investment policy and strategy and oversees the investment and administration of all funds under the Tourism KZNs management in accordance with the PFMA and Treasury Regulations - Disclose