Chief Financial Officer (CFO) at Development Bank of Southern Africa (DBSA)

Job Description

The Chief Financial Officer (CFO) is accountable and responsible for leading, directing and managing the strategic and operational objectives of the Finance, Supply Chain and Information Technology functions of the DBSA.

The CFO is also an executive director reporting to the chairman of the DBSA board.

Formulate, And Implement The Division’s Strategy In Line With The Vision, Strategy And Goals Of The DBSA In Support Of The Infrastructure Growth And Development Opportunities Of The Country And The Rest Of Africa, Amongst Others

Key Responsibilities

• Financial Management
• Supply chain management
• Information Communications Technology (ICT)
• Provide proactive leadership to the CEO, Board and management on strategic financial matters.
• Contribute fully to the development of the DBSA’s strategy across all areas of the business, challenging assumptions and decision-making as appropriate and providing financial analysis and guidance on all activities, plans, targets and business drivers.
• Oversee and ensure that the DBSA’s financial systems are robust, compliant and support current activities and future growth.
• Work with Executives and teams to grow the business in the formulating of strategies and plans in line with sound financial management principles.
• Ensure that the corporate budgeting process is carried out and reviewed.
• Manage the financial position of the DBSA by analysing the current and future business operations and plans to determine financial effectiveness.
• Oversee the development of annual and interim financial reports.
• Accountable for the strategy, management and optimization of the DBSA supply chain function and ensure regulatory and compliance measures are adhered to in particular, the PFMA procurement requirements.
• Oversee the implementation of best practices across all supply chain functions including demand planning, supply planning, and planning execution as well as order and inventory management.
• Drive operational excellence to improve on delivery of supply chain requirements by business.
• Leads, directs and oversees the ICT function and ensures continuous operation and cost-efficiency of the DBSA’s systems, network, database architecture and data security, in order to achieve consistency and reliability of hardware, software, non-system tools, data archiving and offsite disaster recovery management.
• Deliver improved business benefits by providing amongst others appropriate technological investments, systems and services as well as ICT requirements such as assets, infrastructure and connectivity.
• Monitor major and critical financial, supply chain and ICT risk issues and manage the process for elevating risks to the CEO and/or relevant Board committee(s) where appropriate. Propose appropriate risk-mitigating actions.
• Ensure that the regulatory requirements of all statutory bodies are met within portfolio of responsibility.
• Serve as a member of Committee/s as required and provide sound and fully supported recommendations and advice.
• Lead the development and implementation of policies, processes and guidelines applicable for functional areas of responsibility to ensure compliance and direction.
• Oversee the provision and implementation of appropriate systems, tools and procedures to effectively manage the financial management, supply chain management and ICT functions within the DBSA.
• Prepare and provide documentation/reports for Committee(s), EXCO, Board(s) and others where required for information purposes or decision making.
• People Management
• Provide direction and management to the direct reports to enable the execution the strategy and manage their portfolios effectively
• Attract, retain, and develop top-calibre talent. Develop and maintain sufficient depth in all critical functions, minimizing "key-man" risk.
• Optimise skills usage within the Division.
• Accountable for performance management of all direct reports, managing their performance in relation to quality standards and agreed benchmarks and objectives, focusing on all aspects of sound people management.
• Develop the skills and abilities of all team members, with the result that they perform to at their highest potential and optimize their current and future job performance.
• Develop the depth of the divisional team, including ongoing management succession planning.
• Proactively support the bank's diversity strategies and initiatives.
• Contribute to building synergies and cooperation across functions in the DBSA.
• Promote DBSA values and a culture of High Performance within the Division.

KEY INTERNAL LIAISON RELATIONSHIPS

• CEO
• DBSA Board
• EXCO members
• DBSA Treasury Division (Balance Sheet & Capital Management teams)
• DBSA Management
• DBSA Staff
• Board Committee(s)

KEY EXTERNAL LIAISON RELATIONSHIPS

• South African Investors, International Banks & International DFIs
• Executive director appointed to the Board of DBSA
• Member of Executive Committee
• National Treasury, SARB, JSE

Requirements

Expertise & Technical Competencies Minimum Requirements

• Qualified as CA (SA) with strong technical expertise including financial modeling, margin management and capital structuring.
• A strong career track record in managing the Financial Operations of a large organisation with multidimensional businesses.
• A minimum of 12 -15 years experience at a Senior Management Level as well as the ability to manage a team of Managers and high level professionals.
• General management experience in Supply Chain Management and ICT.
• Strong understanding of IFRS, IAS and other regulatory requirements including the PFMA.
• Strong commitment to Corporate Governance as espoused in King IV and Companies Act.
• Working knowledge of Basel III
• Sound understanding of financial modelling, financial accounting, management accounting, supply chain management/procurement and budget and forecasting capabilities
• Knowledge of market risk dynamics.
• Experience in conducting assessments and organisational impacts.
• Experience in interpreting corporate vision and strategy and align with financial strategy.
• Strong negotiation, project management, analytical, decision making and interpersonal skills in dealing with diverse stakeholders and government.
• A clear, confident communication ability and style that can influence, motivate and inspire investors, funders and shareholders.
• Sound knowledge of local and global financial markets.
• Passion for development finance coupled with commercial acumen and the ability to balance the two.

Technical

• Financial Acumen
• Financial Analysis
• Commercial Business Acumen
• Risk Identification & Assessment skills
• Planning & Organising
• Written and verbal communication
• Negotiation skills
• Solutioning skills
• Detail orientation
• Presentation Skills
• Leading & Empowering Others
• Required Personal Attributes 1.
• Identifies long-term goals for the team and communicates them to team members, ensuring their buy in.
• Sets a good example by personally exercising desired behaviour; acts on values and beliefs.
• Communicates a vision for the team and future success that inspires team members.
• After assessing others’ competence, one delegates full authority and responsibility to others to do a task in their own way.
• Ensures that competent employees are given opportunities to further their careers.
• Leading & Managing Change
• Anticipates the need for change when not obvious and influences others to gain support. Builds sustainable business and organisational capacity to embrace and thrive on change.
• Re-engineers and aligns structures, processes and practices to support and sustain the desired change.
• Strategic & Innovative Thinking
• Understands connections and trade-offs of strategic choices to evaluate which ideas are practical and possible by considering business and/or scientific implications.
• Develops innovative business and/or customer solutions that shape industry practices.
• Teamwork & Cooperation
• Acts to promote a friendly climate and good morale, and resolves conflicts.
• Creates opportunities for cross-functional working.
• Encourages others to network outside of their own team/department and learn from their experience.
• Developing Others
• Gives specific positive or mixed feedback for developmental purposes.
• Gives negative feedback in behavioural rather than personal terms.
• Reassures and/or expresses positive expectations for future performance when giving corrective feedback.
• Gives individualised suggestions to individuals for their improvement.
• Driving delivery of results
• Identifies and implements a business opportunity that will have a long-term impact on the business (which may include the organisation’s reputation or brand image). Monitors progress and adapts the plan if necessary to ensure optimal benefit to the business.
• Makes decisions, sets priorities, or chooses goals on the basis of inputs and outputs: makes explicit considerations of potential profit, return on investment, or cost benefit analysis.
• Based on the cost-benefit analysis, makes decisions of entrepreneurial risk nature.
• Decisiveness (High Performance, Service Orientation)
• Makes timely decisions about complex issues even when some information is missing.
• Makes decisions and stands by them even when they are controversial or unpopular. Grasps critical business opportunities when they arise by making timely decisions.

Dbsa Values

• High Performance
• Integrity
• Innovation
• Service Orientation
• Shared Vision