Chief Financial Officer - Pretoria Verfied

R 1.2m - 1.3m per annum Pretoria, Gauteng Pretoria, Gauteng more than 14 days ago 09-09-2014 2:01:34 PM
07-10-2014 2:01:34 PM
Our client based in Pretoria requires a CFO to provide strategic financial leadership, governance, managed financial risk, professional and ethical financial practices in order to ensure the functionality and sustained profitability of the Company.

Minimum requirements:
B. Compt Honours
Qualified CA
10 years’ experience in a senior level finance or accounting position, with at least 5 years at a management level;
Practical business experience in strategic planning and execution.
Comprehensive understanding of contracts in Commercial Law including practical knowledge of the Company's Act, PFMA, Company Act and general government regulations.
In-depth knowledge of financial principles and processes.
Good understanding of funding mechanisms of the company and project process.
Good understanding of core business principles and processes.
Good understanding of procurement principles and practices.
Good knowledge of organisational policy and procedure.
Knowledge of contracting, negotiating and change management.
Knowledge of finance, accounting, budgeting, and cost control principles including (GAAP)
Knowledge of automated financial and accounting reporting systems.
Awareness of commercialisation
Knowledge of treasury regulations and procurement processes.
Understand financial instruments (equity deal, preference shares, premium shares, deal structuring)

Key Performance Areas:
Strategy and Policy Setting:
Formulate financial and spending strategy and plan to support achievement of strategy and business plans.
Consult and advise on development, maintenance and implementation of strategy and business plans.
Manage financial risk portfolio of the Company.
Develop and direct the implementation of strategic business and/or operational plans, projects, programs and systems.
Establish and maintain financial forecasting models and a system to produce timeous relevant financial information to support strategic decisions.
Establish and implement short and long range departmental goals, objectives, policies and operating procedures.
Oversee the development and implementation of the Company's financial accounting, management accounting, procurement policies, financial management strategies and procedures.
Monitor and ensure organisational compliance with the financial policy framework.
Establish credit control systems and processes.
Develop a sound funding business case to DST and National Treasury to improve the availability of funding for the Company.

Financial Reporting:
Consolidate management accounts from regions and treasury.
Define chart of accounts and report variances.
Coordinate the preparation of financial statements, financial reports, special analyses, and information reports.
Analyse cash flow, cost controls, and expenses to guide business leaders.
Analyse financial statements to pinpoint potential weak areas.
Interact with other managers to provide consultative support to planning initiatives through financial and management information analysis, reports, and recommendations.
Oversee the approval and processing of revenue, expenditure, and position control documents, department budgets, mass salary updates, ledger, and account maintenance and data entry.
Generate quarterly management accounts and reports for board and DST review.
Review and approve reconciliation report.

Regulatory Framework:
Ensure compliance with local and Govt. budgetary reporting requirements, all applicable laws, relevant accounting standards and other legislated requirements.
Assist in obtaining the necessary licenses and insurance required to start a business.
Assist the Board, Exco and Senior Management in the execution of their functions in line with the PFMA and Treasury Regulations.
Ensure appropriate controlled environment and continual assessment of the financial sustainability of the business.

Budgeting and Forecasting:
Draft and manage annual organisation budget
Consolidate regional budgets for Board approval
Present the budget, in collaboration with the CEO
Generate organisational budget for the Annual Report

Supply Chain Management:
Management of supply chain process from ordering to paying
Develop a database of preferred service providers
Select service provider according to policy
Manage procurement and tender process

People management:
Supervise and direct the duties of staff members
Ensure proper delegation of duties
Identify training and development needs
Act as a mentor and coach to individuals within the department
Conduct quarterly reviews and bi-annual performance appraisals with subordinates
Communicate appropriate information to staff
Pro-actively address HR issues in the department

Financial and Budgetary Control:
Develop the annual budget for the department in line with the business plan
Oversee the efficient use of the department's financial allocation in a manner that ensures maximum benefit to the organisation
Oversee procurement and payment of services and products needed by the unit

Closing date 11 September ****@*****.***