Chief Financial Officer Ref no: 1 at Brand South Africa November, 2023

JOB PURPOSE:

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:
maintain a close liaison with the accounting officer and the management team;
respond to changing needs for financial information and advice;
make a contribution to the financial aspects of the strategic planning process;
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.

KEY RESPONSIBILITY AREAS:

Participate in the development of Brand South Africa strategic plans.

• Contribute input into the overall conceptualisation and development of the Brand South Africa strategic plan and supporting annual performance plan.

Develop, implement, and manage the risk management process.

• Support in the development, implementation and monitoring the risk management process and plan that supports the Brand South Africa 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 Brand South Africa business 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 Brand South Africa strategy.

• Develop and consolidate the 3 year and annual budgets that supports the overall Brand South Africa 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 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 Brand South Africa 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, Brand South Africa budget, ensure that budget structures and general ledger codes are aligned to Brand South Africa strategic plan and business plan.
• Ensure that the internal control system(s) is 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 comply with Public Financial Management Act (PFMA), general accepted accounting principles, Auditor General’s circulars-11.
• Ensure Brand South Africa 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 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.
• Unaudited AFS.
• Audited AFS.

Staff management and development

• Delegate work assignments and tasks to appropriate individuals, providing sufficient direction so desired business outcomes can be achieved.
• 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.
• Recruit and select respective staff.
• Ensure that the internal control system is in place: to prevent unauthorised, irregular, fruitless and irregular expenditure.
• Effective, efficient, and economic use of resources that supports the budgeting processes.

Required Technical Skills, Competencies and Attributes:

• Knowledge of good governance
• General knowledge of broader political, economic and social environment
• Advanced MS Office (Word, Excel, PowerPoint)
• Accounting, Asset and payroll packages
• Policy Development
• Budgeting
• Conflict management
• Line management
• Negotiation skills
• Planning skills
• Analytical skills
• Corporate Governance
• Decision-making
• Assertiveness
• Attention to detail/Accuracy
• Honesty and Integrity
• Follow through
• Decisiveness
• Service oriented