Chief Financial Officer at KZN Growth Fund

Job Description

• The Chief Financial Officer reports to the Chief Executive Officer. This is an opportunity for a suitably qualified senior executive to lead the finance and administration function of the KZN Growth Fund. The candidate will provide effective professional leadership and ensure the establishment and implementation of sound financial management, accounting, procurement, and internal control systems and processes in compliance with IFRS, PFMA, and other relevant legislative requirements.

The ideal individual will be responsible for:

• Develop short and long-term strategic financial objectives for the Fund, in line with overall business strategy.
• Direct and oversee all aspects of the financial management, accounting, and reporting functions of the Fund.
• Effectively manage financial aspects of the Fund’s project loan portfolio.
• Provide financial advice and support to the CEO.
• Provide financial reporting to the Board and Committees.
• Manage and minimise the company’s financial risk exposure by maintaining an effective system of internal controls in liaison with the relevant assurance providers.
• Accurate financial reporting under the relevant regulatory requirements and international standards.
• Provide EXCO with advice on the financial implications of business activities and provide consultative support to planning initiatives through financial and management information analysis, reports, and recommendations.
• Liaise with external auditors and attend to audit queries.
• Management of supply chain management.
• Manage the process of preparation of annual financial statements and review.
• Manage the safeguarding of assets.
• Review and draft policies and procedures.
• Ensure quarterly reports are accurate and submitted to EDTEA and Treasury timeously.
• Manage finance team and performance reviews.
• Provide input on Debt and Equity portfolio.
• Provide guidance and leadership in finance and organisation.

The following minimum requirements must be met to be considered for this position:

• Chartered Accountant or equivalent with at least 10 years post-qualification experience.
• Minimum 5-7 years of financial management experience at senior management and/or executive level within the banking environment or associated fields, preferably with experience in project finance/development finance/investment banking.
• Advanced knowledge of international financial reporting standards.
• Knowledge of PFMA legislation and Treasury Regulations.
• Strong Excel skills and financial modelling expertise will be an added advantage.
• Acumen and experience to manage and interact with key stakeholders at the senior level, Board, and other relevant Board sub-committees, including business, project sponsors, professional, and entrepreneurial individuals.
• Advanced knowledge and understanding of accounting principles, Commercial law, and all related compliance legislation including the Public Finance Management Act and FAIS.
• Good understanding and knowledge of the formulation and implementation of policies and procedures.