Chief Financial Officer

Phaki Personnel Management Services; Johannesburg; On-site; ZAR 80 000 - 150 000; Full time

Job summary

A forward-thinking organization is seeking a Chief Financial Officer (CFO) to lead financial strategy and governance. This pivotal role involves developing sound financial management systems, ensuring compliance with regulations, and overseeing budgeting processes. The ideal candidate will have extensive experience in financial management, particularly within the public sector, and will contribute to strategic planning and risk management. Join this dynamic team to make a significant impact on the organization's financial health and governance practices.

Qualifications

• 10 years of experience in financial management at a senior level.
• Knowledge of PFMA, IFRS, and Treasury Regulations.

Responsibilities

• Develop and manage the risk management process.
• Oversee preparation of financial and SCM reports.
• Ensure compliance with governance protocols.

Skills

Financial Management

Risk Management

Supply Chain Management

Accounting Standards (IFRS, GAAP)

Budgeting

Governance Compliance

Education

Post BCom in Accounting

CA (SA) Honours in Accounting

Tools

Financial Reporting Software

Accounting Software

Job description

The Chief Financial Officer (CFO) is expected to participate in the development and implementation of the entity’s strategy. In addition, develop and promote a system of good financial management.

To achieve the above, at least the following should be performed :

1. Maintain a close liaison with the accounting officer and the management team;
2. Respond to changing needs for financial information and advice;
3. Make a contribution to the financial aspects of the strategic planning process;
4. Develop and maintain procurement practices that are fair, equitable, transparent, competitive, and cost-effective

MINIMUM REQUIREMENTS :

• Post BCom in Accounting or equivalent (minimum).
• CA (SA) Honours in Accounting or financial management (will be an added advantage).
• 10 years’ experience at senior management level, of which 5 years should be at CFO level within the Public Sector.
• Knowledge of financial and management accounting and tax.
• Knowledge of Supply Chain Management framework.
• Knowledge of PFMA, IFRS, Treasury Regulations, GRAP, GAAP, Income Tax Act and other statutory requirements.
• Knowledge of good governance, Internal and External Audit, Risk Management.
• General knowledge of broader political, economic, and social environment

RESPONSIBILITIES

Participate in the development of organisation's strategic plans.

Contribute input into the overall conceptualisation and development of the organisation's strategic plan and supporting annual performance plan.

Develop, implement, and manage the risk management process.

Support in the development, implementation, and monitoring of the risk management process and plan that supports the organisation's strategy.

Planning and Organising

Oversee the preparation of monthly, quarterly, and annual financial and Supply Chain Management (SCM) reports (on content, financial, and staffing, etc.).

Performance monitoring

Quarterly evaluation of the implementation of the strategy benchmarked against the approved budget.

Manage the performance of the budget and ensure that the business plan targets are fully consistent with the organisation's strategy.

Monthly and quarterly management accounting (analysis of financials with a view to inform management decisions).

Effective, efficient, and economic use of resources that supports the budgeting processes.

Overseeing the budgeting process that supports the overall organisation's strategy.

Develop and consolidate the 3-year and annual budgets that support the overall organisation's Strategic Plan and business plan.

Compliance and governance

Ensure adherence to PFMA, Treasury Regulations, Trust Deed, King 4, and protocol for governance in the public sector.

Ensure a sound internal control environment. Auditor General South Africa (AGSA) internal control checklist, Internal Audit (IA) reports, AGSA reports.

Maintain working relationship with ARCO, Internal Auditors, Chief Risk Officer and AGSA – accuracy and completeness of required submissions timeously.

Performance management of relevant supplier relations and the specs for supplier relations management and contributing to the SLAs.

Ensure structured and regular engagement with the Executive Authority counterpart.

Support the organisation's team members by providing capacity and information when needed.

Plan, evaluate, analyse and consolidate input related to Medium Term Expenditure Framework (MTEF) financial planning processes : Estimate of National Expenditure, organisation's budget, ensure that budget structures and general ledger codes are aligned to the organisation's strategic plan and business plan.

Ensure that the internal control system(s) are in place to prevent unauthorised, irregular, fruitless and irregular expenditure.

Develop and / or improve on accounting and operational policies and procedures, with a view to complying with the Public Financial Management Act (PFMA), the general accepted accounting principles, Auditor General’s circulars-11.

Ensure the organisation's asset management is in compliance with Treasury regulations (GRAP, GAAP).

Financial and Supply Chain Management

Ensuring sound and controlled financial management systems.

Revenue, assets, and liability management; expenditure management; investment management; cash and banking management.

Overseeing, monitoring, and reporting on the implementation of the supply chain that is fair, equitable, and transparent, and at a cost-effective manner.

Ensuring an effective and adequate Supply Chain Management system.

Demand management, Acquisition management, Logistics management.

Contract management and SCM performance reporting.

Reporting

Ensure timely, accurate and complete reports as follows :

Monthly management reports.

Quarterly management reports.

National Treasury quarterly templates.

National Treasury annual templates.

MTEF and ENE chapters.

Audited AFS.

Staff management and development

Delegate work assignments and tasks to appropriate individuals, providing sufficient direction so desired business outcomes can be

Provide direct reports with leadership, direction, and coaching to achieve work objectives and improve performance and skills.

Performance Management – ensure that team members achieve their Performance Objectives as per individual agreements.

Staff development, motivation, and training.