Chief Financial Officer at Johannesburg Social Housing Company SOC Limited (JOSHCO)

Purpose of the Job:

This position is responsible to provide strategic and oversight support to the CEO, as Accounting Officer of JOSHCO in the key areas of financial and budgetary management, supply chain and asset management in relation to development of financial management strategies, policies, and systems to ensure a sound and financial stable company.

Key Responsibilities:
Strategic Management

• Determine the strategic direction of the financial management function, including revenue, in the overall strategy of the organization.
• Assess organisational performance against both the annual budget and company’s long-term strategy.
• Support the Accounting Officer of the organization and the Board in terms of the Municipal Finance Management Act in fulfilling their financial responsibility.
• Engage the board finance, audit and investment committees around issues, trends and changes in the operating model(s) and operational delivery.
• Assist in establishing yearly objectives and meeting agendas, and selecting and engaging outside consultants (auditors, investment advisors).
• Oversee long-term budgetary planning and costs management in alignment with JOSHCO’s strategic plan.
• Conduct and coordinate Medium-term Expenditure Framework (MTEF) processes, s well
• as corporate governance.

Financial Planning and Analysis

• Prepare and maintain regular financial planning reports; monthly profit and loss forecast by division (vs. budget).
• Complete analysis of financial results; Develop recommendations (strategic and tactical).
• Develop and maintain capital budget (with key inputs from Strategy & Programmes).
• Assist in development of financial planning and analysis exercises/reports.

Risk Management

• Identify financial risks and implement appropriate risk management strategies for the business.
• Ensure that the JOSHCO is adequately insured and report on risk management.
• Implement appropriate risk management strategies in finance department.
• Report on risk management.

Budgeting and Forecasting

• Development the medium-term budget that meets the financial strategy of the organisation.
• Ensure that the budgetary process meets legislative requirements.
• Present budget for board approval.
• Coordinate and oversee the development and monitoring of overall organisational capital and operating budgets.

Revenue Management & Enhancement

• Identify possible sources of funding;
• Provide an integrated billing system;
• Ensuring effective revenue collection and management.

Financial Management

• Oversee the management of internal and external audits, inclusive of stakeholder engagement and resolution of audit findings.
• Monitor financial performance through tracking performance of agreed financial indicators.
• Oversee the management of internal and external audits, inclusive of stakeholder engagement and resolution of audit findings.
• Reconcile rent roll schedule from service provider, capture on the system.
• provider.
• Ensure legislative compliance for payment of government duties.
• Ensure that all audit queries are resolved.
• Ensure proper preparation for annual audit.
• Oversee the approval and processing of revenue, department budgets, maintenance of accounts and ledgers, ensuring compliance with relevant legislation.
• Oversee the preparation of standard and ad hoc financial reports required for responsible fiscal
• management, including budget analysis, cash flows and forecasts.
• Develop and ensure implementation of initiatives to increase revenue collection.
• Ensure appropriate Supply Chain Management Systems which are fair, equitable, transparent, competitive and cost effective.

Minimum job Requirements, interested applicants must be in possession of:

• A Valid Grade 12 certificate.
• Minimum B Compt (Hons)/B Com Accounting (Hons)or equivalent.
• Professional certification as a Chartered Accountant with the South African Institute of Chartered Accountants.
• Minimum 7 - 10 years in financial accounting or a related field, of which 5 years should be in management.
• Master’s in business administration or leadership (MBA or MBL) will be advantageous.
• Certificate in Municipal Finance Management or the ability to acquire it within the first 18 months of
• employment.
• Development (CPMD) in line with Minimum regulations on competency level of 2007 will be advantageous.
• Previous experience in managing a Finance Department is essential.

Skills and competencies-

The ideal applicant must possess the following skills and competencies:

• Generic skills: Planning, Leadership, Communication, Facilitation, Conflict Management, Ethical, General Management Skills, Financial Data Analysis skills, Budgeting and Budget skills and Problem- Solving skills.
• Technical Knowledge and Skills: Asset Management, Default Management (Complex), Development, repayment policies (Complex), Lease agreements (Complex), Contracts Management (Complex), Housing Sector Legislation (Complex), Rent Price Setting, Municipal Finance Management Act, Supply Chain
• management, Income Tax Act
• Attributes: Emotional Intelligence, Interpersonal Skills, Assertiveness, Attention to detail, Adaptability, Flexibility, Situational Sensitivity