The primary objective of the CFO is to market and promote the vision, mission, values and the strategic objectives of the organisation. The Chief Financial Officer position is accountable for the administrative, financial, and risk management operations, including the development of a financial and operational strategy, metrics tied to the business strategy, and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results.

In pursuance of this primary objective, the CFO is required to ensure effective strategic financial management and control by ensuring the following:

• To effectively manage and direct the Finance Business Unit
• Develop and implement the financial and tax strategies
• Forecast the short and long term financial needs
• Oversee and control the budgeting process
• Sound financial reporting to management and Board, external stakeholders including the shareholders, rating agencies and other relevant authorities
• Financial compliance with the Companies and PFMA Acts and continuously ensure that the organisation complies with all legal and regulatory requirements
• Strategic financial planning including capital/loan structure optimization
• Participate in strategic decision making and formulation of the organisations future direction and supporting tactical initiatives as a member of the executive management team
• Implement operational best practices and oversee the organisations transaction processing systems
• Develop performance measures that support the organisations strategic direction and performance objectives
• Oversee and regulate the issuance of financial information
• Understand and manage key aspects of the organisations’ risk profile, including reporting all risk issues to the Audit and Risk Committee (ARC) and Board of Directors
• Construct and maintain reliable control systems and monitor effectiveness thereof
• Ensure that record keeping meets the requirements of auditors and government agencies
• Preserve relations with external auditors and investigate their findings and recommendations
• Invest funds wisely and strategically to maximize yields and returns for the organisation
• Manage and maintain in-depth relations with third parties including banks, investors, and other fiduciary institutions
• Inform the organisation of all tax matters which may affect it, such as the annual budget update
• Provide support to other divisions on request, e.g. staff benefit arrangements, evaluation of non-standard investment opportunities, including acquisitions and mergers, insurance, lending
• Evaluate and arrange strategic investments, e.g. strategic alliances

Minimum requirements:

• Chartered Accountant with CA (SA)
• Preference will be given to candidates with an MBA in Finance and the Certified Public Accountant or Certified Management Accountant designations
• 10+ years of progressively responsible financial experience and management experience with the day-to-day financial operations of an organization
• Knowledge of financial management legislation such as PFMA and Treasury Regulations
• Should have experience in partnering with an executive team and have a high level of written and oral communication skills
• Preparedness to travel regularly to the organisations satellite offices to execute the business strategy