Business Executive at Datacentrix

Responsibilities 

Strategic Function

• Contributes to the formulation and drives the implementation of the client’s strategy to take back major SOCs.
• Develop BU BSC and oversee the implementation and reporting thereof.

Product Management

Strategic Alignment

• Develop and/or implement a clear strategy that will enable the client to take over the audit of the identified SOCs.
• A key adviser to best practices to be followed on enhancing oversight over audits not audited directly, and on the process of taking over the audits of significant section 4(3) entities.
• Propose an adequate resource strategy for entities and create the required capacity overtime to ensure minimal disruption in the client's audit environment.
• Provide input into the development of clients -wide capacity to improve the quality of audits conducted in SOCs.
• Plan and structure the BU adequately by allowing them time to gain an in-depth understanding of the auditees’ environment, current resource structure, audit approach of the firms responsible for these audits, and effective auditing of the major entities.
• Ensure the financial sustainability for the client while taking back SOC audits.
• Ensure effective change management during the take-back of the major SOCs.

 Governance Enhancement

• Facilitate and conduct specific projects related to selected S4(3) regularity audits with priority given to prominent SOCs.
• Play a key role in governance oversight and review of section 4(3) portfolio for the organization.

Audit

• Have a sound working knowledge in the field of Public Finance Management Act (PFMA), International Financial Reporting Standards (IFRS), Tax, KING 4, and the Company’s Act given the experience the client will gain across a full spectrum of SOCs.
• Responsible for the final audit reports in terms of the Auditing Standards.
• Responsible for signing as per delegations
• Monitor the timely sign off of audit reports
• The collaboration with the SAS units to enhance the risk identification process.
• Responsible for reviewing the recommendations to ensure it addresses the shortcomings identified during the audit. 
• Take responsibility for presentations at Audit Committees, Boards, Executive Authority, Standing Committee on Public Accounts (SCOPA), Public Accounts Committee (PAC), and other Parliamentary committees.
• Implement a quality assurance strategy in the business unit and ensure that the audits performed are adhering to quality standards.
• Responsible for establishing and maintaining a proper Management Information System (MIS) for the audits and related matters.
• Responsible for contributing quality information to the general reports or any other reports that provide insights on the SOC audits (audited by client and private firms).

Stakeholder Management

• Drive the strategic initiative of visibility through effective external engagements.
• Networking with industry experts for SOCs
• Advise stakeholders on issues related to all SOCs
• Accountable for the implementation of the stakeholder engagement plan in line with the client stakeholder engagement framework.
• Engage with the stakeholder as per the engagement plan which includes consideration for political sensitivity, complexity, and seniority.
• Media engagement as per the AG delegations.
• Interact with relevant oversight structures and relevant committees regarding briefings on audit reports/outcomes.
• Interact with and establish partnerships with private audit firms, professional bodies, and higher learning institutions.
• Promote the client brand and reputation.

People Management

• Provide strategic direction and leadership to the BU in respect of:
• Vision achievement/organization alignment.
• People Strategy commitments including talent management and succession planning.
• Implementation of client transformation strategies.
• Impact-driven strategic conversations with internal staff on an on-going basis.
• The improvement of culture and staff engagement within the BU
• Accountable for maintaining training office accreditation in compliance with the regulatory bodies.
• Enhancement of skills and competencies of staff within own portfolio and across the organization in the SOC space.

Financial management and operational management

• Accountable for the sustainability and profitability of the BU
• Ensures that BU deliverables are executed economically, efficiently, and effectively in terms of recoverability and productivity.
• Ensures effective financial management of CWC.
• Development and effective management of the BU budget and performance targets
• Provide input on the opportunities to improve efficiencies of the organization’s business operations and other innovation.

Experience and Qualifications 

• Matric - Grade 12
• Minimum qualification of CA (SA) Experience and exposure to SOC audits
• At least 5 years’ experience in the Financial/Auditing environment.
• At least 5 years’ experience in a senior management capacity.