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

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, 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. 
• 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 Certificate Program in Municipal 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.