Chief Financial Officer(12835) at The South African Broadcasting Corporation (SABC)

DUTIES AND RESPONSIBILITY 

DEVELOP AND IMPLEMENT FINANCE STRATEGY 

• Achieve an annual clean audit opinion from the AGSA. 
• Collaborate with EXCO in developing corporate strategy, corporate plans as well as in stewarding, monitoring and guiding execution.
• Champion good governance and prudent financial management and stewardship at the SABC. 
• Ensure logical coherence and feasibility of the SABC Strategy within the SABC’s financial and operational constraints. 
• Provide strategic direction and guidance to the Finance Management Team in the development of functional strategies and plans including both Finance & Supply Chain Management (SCM). 
• Provide a cost effective, reliable, strategically-aligned and sustainable financial service to SABC.  
• Contribute to the development and implementation of a License Fee Strategy. 
• Champion the development and implementation of sustainable and innovative funding models for SABC. 
• Contribute financial insights to the development of the commercial and revenue / sales strategies of the SABC to optimise commercial contributions to financial sustainability. 
• Advise on the financial feasibility of key strategic partnerships including content acquisition. 
• Develop and recommend relevant investment strategies to EXCO, shareholder and Board.  
• Engage with the DCDT and National Treasury to optimise financial support for funding the public interest mandate of the SABC. 
• Ensure that the Finance Operating Model and structure are ‘fit for purpose’, strategically aligned, efficient and effective. 
• Monitor and oversee alignment and implementation of the Finance strategy.  
• Prudently manage the financial affairs of the SABC to enable financial sustainability. 
• Identify potential funders / Strategic Partners and develop winning funding proposals and propositions.  

OPERATIONAL EFFICEINCY AND COST MANAGEMENT 

• Provide necessary expertise and support to other Divisions to develop ‘fit for purpose’, strategically aligned operational budgets.  
• Equip divisional executives with relevant operating budgets and guide spending in accordance with budgetary parameters. 
• Oversee Treasury functions, the investment of funds, borrowings and manage associated risks. 
• Work with executives to ensure success through cost analysis, support and oversight. 
• Prepare and present accurate financial statements including income statements, balance sheets and cash flow statements. 
• Develop and manage the SABC’s budget, forecasting future financial performance and monitoring variances. 
• Monitor and manage the SABC’s cash flow to ensure adequate liquidity to meet requirements. 
• Support acquisition of content and technology through accessing relevant funding sources.  
• Reconcile all financial requirements, financial statements and cash flow projections for use by Executive management, and the Audit/Finance Committee and Board. 
• Optimize and manage capital allocations prudently and in accordance with sound financial management principles. 
• Ensure Enterprise Resource Planning, financial and other Management Information Systems are well integrated, ‘fit for purpose’ and usable. 
• Oversee development and direct implementation of Supply Chain Management strategy, policies, standards, governance and procedures. 

GOVERNANCE, RISK AND COMPLIANCE

• Develop and review internal control measures to ensure effectiveness and sound governance. 
• Contribute to management of procurement risks to protect organisational integrity, deliver value for money, prevent financial loss and ensure compliance with applicable policies and legislations.   
• Ensure SCM policies and reports are ‘fit for purpose’ and supportive of commercial success. 
• Ensure SCM policies and reports comply with relevant prescripts and mitigate risk. 
• Develop, review and implement finance, financial governance and SCM policies to address potential and actual gaps and promote accountability. 
• Manage Finance in compliance with applicable legislative prescripts including PFMA, NT Regulations & Directives, GRAP standards, OHS Act and any other legislative prescripts and requirements. 
• Review and implement Risk Management Plan in line with organizational Risk Framework (COSO Model): 
• Governance and Strategy  
• Risk Mitigation Plan  
• Formulate Internal Control 
• Communications     
• Monitor and Evaluation 
• Monitor execution of internal risk audits per checklist to identify and address gaps. 
• Resolve Audit findings timeously and effectively. 
• Ensure financial systems are safeguarded against intrusions and / or cyber-attacks. 
• Ensure accuracy and integrity of financial information. 

STAKEHOLDER MANAGEMENT 

• Timeously provide ‘fit for purpose’ compliance and ad-hoc reports to shareholder and Parliament on SABC’s revenue/expenses and balance sheet. 
• Actively participate in Board and Subcommittee meetings, including being the internal lead on the Audit/Finance Committee. 
• Serve as one of the Trustees and oversee administration and financial reporting of the SABC Pension Fund. 
• Pro-actively manage or contribute to the effective management of relationships with key SABC stakeholders including DCDT, National Treasury, AGSA, funders, banks and other strategic partners. 

LEADERSHIP AND PEOPLE MANAGEMENT  

• Implement SABC Performance Management System in accordance with SABC policy, procedures and leading practice.   
• Implement effective Talent Management practices including ensuring adequate staffing for workload, succession planning, career and skills development and effective leadership. 
• Evolve SABC’s financial capability in line with financial trends, leading practice and technology advancements. 
• Ensure effective communication with all Finance people. 
• Ensure that all employees have up to date Career Development Plans (CDP). 
• Lead the effective engagement, retention and attraction of talented people in Finance. 
• Ensure the confidentiality of strategic and financial information including the proceedings of EXCO and Board meetings. 

INHERENT REQUIREMENT  

FORMAL QUALIFICATIONS

• Qualified Chartered Accountant /ACCA or equivalent  

EXPERIENCE

• 10 years’ financial experience of which 5 years should be at a General Management level.  
• 5 years’ experience in the public sector is an advantage