Chief Financial Officer at Construction Education & Training Authority (CETA)

Responsibilities:

• Develop Finance strategy that entails developing detailed action plans to realise CETA strategic initiatives and define performance measures the success thereof.
• Develop and implement systems, procedures and processes that will results in the improvement of the CETA financial position and sustainability.
• Oversee the implementation of and adherence to financial management policies and procedures of the CETA.
• Oversee organisational expenditure and financial controls against the approved budget thresholds and compliance; including developing actions/ corrective measures to align the budget to available financial resources.
• Monitor legislative and regulatory developments and ensure total compliance with relevant laws, policies, and regulations applicable to the CETA.
• Develop and monitor the implementation of an effective financial management strategy for the CETA.
• Compile monthly and quarterly financial management accounts and reports.
• Compile quarterly, interim and annual Financial Statements that are GRAP and PFMA compliant.
• Ensure proper cash flow management and all reporting in line with applicable Treasury guidelines.
• Direct and optimise the CETA investment activities and portfolio returns.
• Oversee the accounting, finance and related reporting function and responsibilities.
• Manage audit-related matters, including the development and monitoring and reporting progress against Action Plan to address the AG’s audit findings.
• Identify and manage all financial, investments and associated risks.
• Ensure adequate financial control and systems for the accountable delegation of financial powers, asset management, monitoring and evaluation, early warning, and corrective action.
• Develop and facilitate the implementation of a Supply Chain Management (SCM) system consistent with legislative and other good governance arrangements.
• Ensure all procurement and SCM activities are done on time and in compliance with regulatory requirements and are managed efficiently.
• Prepare and submit monthly and quarterly SCM and procurement related reports and registers to the CEO, Accounting Authority, and the National Treasury and the DHET.
• Oversee facilities, registry and records management function and processes of the CETA in line with prescripts and best practices.
• Manage the CETA’s relationship with critical stakeholders on the financial management matters.
• Manage, develop, and supervise the staff of the Finance Department; including their continuous learning and development for CETA finance to be an effective and efficient unit.
• Perform any other relevant duties as directed by the CEO.

Specific Deliverables Expected

• Develop, manage, and track cost centre budgets and report to affected executives timeously.
• Monthly management accounts and revenue improvement reports.
• Monthly and weekly cash flow projections and investment portfolio analysis.
• Update and tabling of Finance management policies and procedures for recommendation to the Accounting Authority by the CEO.
• Develop and implement service standards and the business unit scorecards in improvement CETA financial performance.
• Weekly processing and effecting of regular supplier and stakeholders’ payments.

Requirements

Desired Skills, Experience and Competencies

• A recognised bachelor’s degree in Finance / Accounting and a post graduate qualification in the related fields like the CTA (Certificate of Theory in Accounting), these being a Finance and Accounting qualification at NQF level 8.
• Completed articles and a Chartered Accountant certification with institutes like SAICA or another equivalent  internationally recognised accountancy institute, is a prerequisite.
• Master of Business Administration, M.Com or similar NQF 9 qualification will be an added advantage.
• Current and active membership and / or professional certification with a Chartered Accountancy institute is required for this role.
• A combined experience of not less than (minimum of) 8 (eight) years’ experience in financial management, reporting in a complex and highly regulated environment, with at least 5 of those must have been in a senior financial management role.
• Proven experience in leading and directing finance and accounting teams in achieving clean audit / unqualified audit results with no major non-compliance audit findings.
• Demonstrated experience in reporting to executives and boards on governance, risk, compliance, and control matters; and in key finance and investments business processes.
• Knowledge of higher education sector, the SDA, SDLA and the PFMA are essential.
• Understanding of the Treasury Regulations, Preferential Procurement Policy Framework Act of 2017, and the BBBEE Act.
• Computer literacy: Advanced Excel and Data Analytical skills are required.