Chief Financial Officer REF NO: 2024CFO1 at National Development Agency

POSITION REQUIREMENTS

Minimum Qualification

• Honours Degree in Financial Management/Accounting. (NQF 8)
• Registered as CA SA

Essential Experience

• Eight (8) years’ experience in financial management of which at least 5 years must have been at senior management level.
• Sound practical experience in financial management.
• Experience in preparation and implementation of annual budget and financial reporting.
• Experience in strategic planning and execution.

Knowledge

• Working knowledge of legal prescripts regulating public finance management, e.g GRAP, IFRS, PFMA and National Treasury regulations, etc.
• Knowledge of leadership and management principles
• Knowledge of computerized information systems used in financial and/or accounting applications.
• Knowledge of contracting, negotiating, and change management
• Knowledge of fiscal controls related to the safeguarding of institutional funds
• Working knowledge public sector finance.
• Knowledge of changes and/or developments in governmental accounting laws, and company policies and procedures.
• Knowledge of project management

MAIN AREAS OF RESPONSIBILITY

Strategic leadership & planning, and Financial Management

• Develop and promote a system of good financial management so that public funds are safeguarded at all times and used appropriately, economically, efficiently and effectively.
• Develop, implement and monitor the entity’s financial plan (budget) to achieve the organization’s strategic objectives as articulated in the Strategic Plan and Annual Performance Plan.
• Ensure that internal financial targets and budgets are fully consistent with the Strategic plan and relevant agreement with government.
• Prepare multi-year revenue and expenditure forecasts
• Ensure alignment of budget to Organization’s Annual Performance Plan.
• Responsible for the development and approval of a financial strategy that supports the business plan.
• Develop operational plans that work towards the strategic direction of the organization.
• Responsible for the development/review and implementation of financial policies.
• Develop and implement finance and accounting procedures.
• Responsible for transforming the organization into a sustainable growing development agency.
• Developing and recommending to the Board yearly financial strategies/programmes that support the organization’s long-term strategy.
• Oversee the implementation of annual budget and in-year financial reporting.
• Responsible for the development, implementation, and maintenance of Organization’s supply chain management system and procedures.
• Responsible for the development, implementation, and maintenance of Organization’s Asset Register.
• Responsible for the preparation of Organization’s Annual Financial Statements and Reports.
• Establish and maintain appropriate internal controls.
• Coordinate external audit processes and reporting.
• Responsible for the development and implementation of effective revenue collection and expenditure system.
• Regulate and maintain cash flow and the short, medium and long term viability of operations.
• Ensure monthly reconciliation of the Organization’s accounts.
• Responsible for the management of petty cash and related function.
• Responsible and accountable for the Organization’s bank and investment accounts.
• Lead and direct the development of the financial risk profile and register.

Governance and Accountability

• Direct compliance by all with the Public Finance Management Act
• Ensure full compliance with Supply Chain Regulations, National Treasury Regulations, Circulars, Practice Notes and other applicable legal prescripts
• Ensuring that the organization applies all recommended financial best practices.
• Responsible for the compilation of monthly, quarterly and annual financial reporting.
• Ensure that all applicable accounting standards (GRAP) are implemented.
• Ensure that the operational risk register for the Department is developed and implemented.
• Ensure that expenditure is incurred in line with the approved. Budget.
• Monitoring and addressing non-compliance with financial management policies and procedures.
• Ensure that all financial reports are approved timeously by the relevant authority.

Supply Chain Management

• Responsible and accountable for the implementation of Supply Chain Management Policy and Regulations.
• Accountable for the supply chain operations and reporting
• Responsible for the development of the annual procurement
• Responsible for the functioning of Bid Committees.
• Approval of procurement requisitions in line with the policy and code of delegations.
• Continuously give direction on complex supply chain management issues.
• Develop and Maintain systems of internal control which comply with Audit requirements.

Human Resources Planning and Management

• Responsible for people management within the Department.
• Accountable for the performance management of the Department.
• Management of employee benefits for the Department
• Oversee all the aspects of labour relations within the Department, including disciplinary process
• Determine staffing requirements for the Directorate
• Direct capacity and employee development within the Department, i.e training, etc.
• Ensure the implementation of the NDA human resources policies, procedures and practices within the Directorate
• Establish a positive work environment within the Directorate
• Coach and mentor staff as appropriate to improve performance
• Accountable for general human resources management, i.e leave management, time and attendance, etc.

Risk Management

• Identify and evaluate the risks within the Directorate and as related to the organisation's financial status, and implement measures to control those risks.
• Report on the identified risks and risk management strategies.
• Resolve audit queries and complete risk management reports as appropriate for the NDA and the Directorate.

Reporting

• Meet reporting requirements as required by the Financial Management legislation such as PFMA, National Treasury Regulations, DORA and NDA Policies.