Chief Financial Officer

Tshwane Rapid Transit Pty; Pretoria; On-site; ZAR 600 000 - 750 000; Full time

Job summary

A public transport authority in Pretoria seeks a strategic CFO to lead its financial operations. The ideal candidate will have over 10 years of experience, solid financial control expertise, and the capacity to manage a team and stakeholder relationships. This position offers market-related remuneration and a significant role in ensuring the company's financial sustainability.

Qualifications

• 10+ years of post-articles experience.
• Solid experience with financial control frameworks.
• High degree of computer literacy in relevant software.

Responsibilities

• Lead and manage financial functions and activities.
• Develop and monitor financial management strategy.
• Ensure compliance with legislation and corporate guidelines.
• Manage the preparation of annual budgets.
• Oversee financial statements and audit management.

Skills

Financial management

Team management

Stakeholder management

Regulatory reporting

Fundraising

Budgeting

Strategic thinking

Analytical skills

Education

CFO or Senior Finance Manager experience

Minimum 10 years post-articles experience

Tools

PowerPoint

Excel

Word

Job description

Introduction

Tshwane Rapid Transit (Pty) Ltd is seeking an experienced executive professional to achieve a financially healthy and efficient organization.

The CFO provides strategic direction of the company's finances including financial operations and direct supervision of financial resources, functions and activities.

The CFO will play a leading role in guaranteeing that daily financial operations are coordinated, cost-effective and efficient.

He / she will focus on establishing relevant performance measures and implementing financial management strategy and practices that ensure the company establishes a reputation for being at the cutting edge of public transport.

He or she shall solicit funding for various projects to ensure the company's financial sustainability.

The position is for a 5 year fixed-term contract and reports to the CEO of the company.

Duties & Responsibilities

• Lead, manage and direct TRT's financial functions and activities.
• Responsible for the development and monitoring of financial management strategy, risk management strategy and plan, IT and procurement plan.
• Ensure the development and monitoring of finance policies and procedures within generally accepted accounting principles and corporate guidelines to ensure sufficient cash flow, reduced operating costs, and income generation.
• Safeguard the organisation's assets and manage liabilities to ensure a long-term financially sustainable organisation.
• Responsible for financial statements with adherence to relevant legislation, and management of audit and tax affairs of the company.
• Oversee the maintenance of the inventory of all fixed assets, including assets purchased as well assuring that all are in accordance with International and South African legislation.
• Responsible for developing and monitoring a system of internal controls to adequately safeguard financial resources.
• Manage the preparation of the annual budget.
• Monitor and direct the implementation of strategic business plans.
• Develop and implement the organisation's financial goals and objectives.
• Oversee the investment of funds and manage associated risks.
• Understand and mitigate key elements of the company's risk profile.
• Maintain appropriate insurance cover.
• Oversee Procurement and IT functions of the company.
• Generate income for the company and approve monthly bank reconciliations.
• Manage the preparation of monthly management accounts and other informational reports and analysis.
• Review financial results and highlight future needs and trends.
• Ensure underlying accounting records are accurate, complete and in accordance with IFRS.
• Review monthly operating reports for accuracy, completeness and major variances between actual and budget results.
• Prepare quarterly and annual fair value reports.
• Prepare summaries and forecasts for future business growth and general economic outlook.
• Manage and develop human resources in Finance and assigned business units.
• Provide the CEO and Board of Directors with accurate and timely communication of financial issues.

Desired Experience & Qualification

• 10 years minimum of post-articles experience.
• High degree of computer literacy in PowerPoint, Excel, word and electronic means of communication.
• Excellent management skills - experience in managing teams but also in relation to high level stakeholder management.
• Solid experience and understanding of financial control frameworks and methodologies.
• Knowledge of SA legislation, IFRS, GRAP, King III, Companies Act, Income tax Act, PFMA and MFMA.
• Proven experience in People management as he / she shall have subordinates reporting to the position.
• Regulatory reporting experience.
• Previous experience as CFO or three years in a Senior Finance Manager role and being a member of EXCO is required.
• Proven Fund- raising skills and experience.
• High level of business insight and commercial acumen.
• Good knowledge of all corporate and institutional banking products.
• Experience in conducting presentations to diverse groups of internal and external stakeholder.
• Policies formulation and review.
• Analytical, organisational and report writing skills.
• Strong budgeting, planning and execution skills.
• Re-engineering, project and process changes skills would be desirable.
• Strong interpersonal and communications skills.
• Ability to lead the overall Finance and any other teams assigned.
• Excellent teamwork and project management skills.
• Ability to think strategically, operate and communicate at all levels.
• As senior manager, the role requires integrity and confidentiality in handling information.
• Experience in rapid transit or transport sector experience is an added advantage.

Package & Remuneration

Market related