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

Job Description    

• The CFreports tthe CE& MD and is an Executive Director of the Bank. The CFis responsible for the financial strategy of the Bank as well as associated plans, activities and monitoring. These include budgeting and forecasting, reporting and recommendations tthe management, Executive Committee (Exco) and Board regarding the financial implications of all core and non-core activities. Additionally, the CFpartners with and supports the Executive Committee in respect of the front, middle and back-offices’ financial activities. The CFis alsresponsible for improving the financial performance of the Bank, in compliance with IFRS, Public Finance Management Act (PFMA) and the Companies Act, amongst others. The CFO’s portfolialsincludes the following functions of the Bank: Information, Communication & Technology (ICT) and Supply Chain Management (SCM), which may be adapted as per the current and future strategies of the Bank.

Key Responsibilities    
Finance Strategy Formulation

• Develop medium tlong term (5-10 years) financial strategies, plans and activities in line with the key strategic imperatives of the Bank. These include Environment, Social and Governance (ESG), Just Transition and Future Fit DBSA (Digitalisation, Structural Optimisation and Operational Efficiency), as approved by the Board.
• In partnership with the responsible executives, the CFmust develop and implement the corporate fundraising strategy, as well as manage relationships with partners and investors.
• Monitor the DBSA’s financial sustainability and credit worthiness, through effective asset and liability management tensure competitive borrowing rates and conditions.
• Provide strategic financial management and leadership support across the business, in line with the overall DBSA strategy

Financial Planning, Reporting and Governance

• Lead financial planning across the Bank in support of the infrastructure growth and development opportunities of the region, including financial modelling, scenariplanning and forecasting.
• Develop and use financial models and activity-based financial analysis tprovide a basis for investment decisions and business planning.
• Initiate and co-ordinate the formulation of business plans and annual budgets and monitor progress towards their achievement.
• Oversee the preparation and submission of the annual and interim financial reports and statements in accordance with the accounting standards and reporting framework.
• Prepare and provide reports as well as recommendations tmanagement, the Excas well as Board Sub-Committees for prudent decision making.
• Monitor that effective internal controls are in place and ensure compliance with IFRS, Public Finance Management Act (PFMA), the Companies Act and other applicable codes and protocols of good practice in all Divisions’ operations.
• Oversee the development, improvement and implementation of financial, technological and procurement policies, in line with best practices, legislation and other regulatory requirements.
• Consult with internal and external auditors and ensure favourable audits outcomes.

Information, Communication and Technology (ICT)

• Oversee the management of the ICT function, ensuring availability as well as improvements according tbest practices.
• Transform the Bank inta digital enabled business in line with the Digitalisation strategy of the Bank.
• Strengthen information security and ensure correct application of resources in mitigation of cyber security risks.

Supply Chain Management (SCM)

• Oversee the management of the SCM, ensuring effectiveness (e.g., reduced bureaucracy and quick turnaround) and efficiencies (e.g., reduced cost of procurement vis a vis programmes etc) as well as improvements according tbest practices.
• Expedite the digitalisation of SCM processes timprove decision-making in the front office divisions (e.g., evaluation of small loans), middle office divisions (e.g., systematised management of similar programmes, facilitation of audit processes) and back-office divisions (e.g., procurement of consulting and training services).
• Transform the Supply Chain Management processes of the Bank, in line with the applicable laws (e.g., PFMA) and best practices.

Stakeholder & External Relations

• Manage complex stakeholder relations and maintain effective relationships with National Treasury, the Auditor General, the Board, the Executive Committee and employees of the Bank.
• Develop and grow relationships with clients tincrease the Bank’s reach, influence and impact in infrastructure implementation within the country and in the SADC region.
• Maintain relations with donors, funders and other partners, inclusive of national and international Development Finance Institutions (DFI’s).

People Management

• Provide direction and management tthe Division, tenable the strategy execution
• Attract, retain, and develop talent and ensure succession planning and sufficient capacity and capability in all critical functions, supporting diversity strategies and initiatives as well
• Promote DBSA values and a culture of high performance through implementing performance management in line with the planned strategic objectives, goals, quality standards and agreed key performance measures using sound performance management principles.

Key Measurements of Outputs

• Development and implementation of financial strategies and plans associated with the key imperatives of the DBSA as approved by the Board.

Prudent financial management associated with the following:

• Balance Sheet and development impact growth underpinned by disbursements, project preparation, infrastructure delivery and planning.
• Financial sustainability through profitability, client, product and portfolidiversification and innovation.
• The maintenance and improvement of the sustainability of the loan book in line with defined policies.
• Acceptable working capital management.

Operational efficiency key performance indicators (KPI’s) targeted at the management of all resources, inclusive of:

• Effective performance management of direct reports
• Effective utilisation of capacity by re-organising resources tmaximise efficiency
• Strong culture of performance and delivery in the Division
• Good governance and ethical behaviour.
• Unqualified audit opinion

Key External Liaison Relationships

The list is not exhaustive 

• DBSA Board
• DBSA Board Committees
• Executive Committee
• Management & Employees

Key Internal Liaison Relationships

The list is not exhaustive 

• Parliament
• National & Provincial Governments
• National Treasury
• Auditor General
• International & African Clients, Development Finance Institutions (DFI’s), Donor Agencies, Funders and  Other Role Players
• State-Owned Enterprises (SOE’s), Metropolitans and Municipalities.
• Private Sector

Expertise & Technical Competencies    
Minimum Requirements

• Qualified CA (SA) with strong technical expertise including financial modelling, margin management and capital structuring.
• A minimum of 12 - 15 years’ relevant experience in a medium tlarge enterprise in either banking and/or Development Finance Institutions and/or finance.
• The required experience must include 5 years as the CFof a medium-size enterprise or 5 years as a Division or other Executive of a large-size enterprise (e.g., Group Executive).
• A strong career record of achievement in the medium/large enterprise, the size of which is equal tor greater than R 10 billion disbursements/revenue with a financial asset base equal tor greater than R100 billion.
• Demonstrated success in interpreting corporate vision and strategy and aligning with financial strategy.
• Proven record in problem solving and making sound financial business decisions.
• Well-developed financial and quantitative competencies, with deep understanding of debt capital and financial markets
• An above-average understanding of banking and associated risk management and mitigation frameworks, strategies and practices.
• Demonstrated leadership competencies and the required emotional intelligence, ethics, tlead within and outside of the Bank.
• Evidence of and demonstrated ability of having managed a large cross-functional team of managers as well as collaborating with the Executive Committee (Exco) and Board.
• Understanding of as well as a commitment tgood corporate governance, inclusive of international reporting standards such as IFRS, Basel, GAMAP, GAAP and other regulatory requirements, inclusive of PFMA.
• Strong negotiation, project management, analytical, decision making and people skills dealing with diverse stakeholders.
• A clear, confident communication ability and style that can influence, motivate and inspire investors, funders and shareholders.
• Understanding of economic development as well as the policy environment of RSA.

Desirable Requirements

• Post graduate qualification in Business or Development Finance.
• The ability tmanage large infrastructure and CAPEX projects with good understanding of debt markets, debt sourcing and debt structures.
• Passion for development finance coupled with commercial acumen.

Technical Competencies

• Business Acumen 
• Strategic Planning 
• Financial Acumen
• Presentation Skills                                                                                                                                                  

Required Personal Attributes    

• Leadership Competencies
• Leading & Empowering Others 
• Leading & Managing Change
• Strategic & Innovative Thinking
• Teamwork & Cooperation
• Developing Others
• Driving delivery of results
• Decisiveness

Closing Date    
2023/05/12