Chief Financial Officer at The Competition Commission South Africa

The main responsibilities for this exciting position include:

• Financial Planning and Analysis
• Budget Management and Reporting
• Risk Management and Compliance
• Financial Policies Development
• Supervision of Financial Operations and Staff
• Stakeholder Engagement, including Government Entities
• Internal Controls and Financial Integrity 

Strategic Leadership and Financial Sustainability:

• Develop and implement long-term financial strategies aligned with the institution’s regulatory mandate.
• Oversee financial risk management, internal controls, and business continuity planning.
• To manage and develop strong relationships with stakeholders in the financial management of the Commission including the Department of Trade, Industry and Competition, National Treasury, the Auditor-General, Audit and Risk Committee and Internal Audit.
• To direct the financial strategy and financial sustainability of the Commission to ensure availability of adequate financial resources.
• To lead and manage the Finance Division including setting priorities as well as management of human and other resources.
• To contribute to effective financial decision making, implementation and reporting to the Accounting Authority and relevant committees.
• Preparing financial statements in accordance with the standards of GRAP and ensure compliance with all relevant statutory requirements and regulations.
• To manage the budget process while contributing to effective strategic and business planning systems and ensuring timely management reporting.
• To oversee all accounts, ledgers, and reporting systems and ensure compliance with appropriate accounting standards, regulatory and audit requirements.
• To ensure effective financial and risk management and proactively managing internal control and external audit activities.
• To ensure that Supply Chain Management (SCM) within the Commission is in line with relevant legislation and internal policies and procedures.

Operational Efficiency and Cost Management: 

• Drive cost containment strategies, financial efficiency, and revenue optimization measures.
• Monitor and evaluate financial performance, aligning expenditure with strategic objectives
• Analyse cost variances and implement corrective measures. Prepare monthly repor

Governance, Risk, and Compliance: 

• Ensure compliance with all legislative, regulatory, and financial reporting standards, including implementation of fraud prevention mechanisms
• Act as a key advisor to the Commissioner on financial risk and governance matters.
• Establish and maintain a robust internal control framework to safeguard institution assets. Assume total responsibility for all challenges, opportunities and requirements that may arise within the institution in so far as they relate to the financial administration, compliance and strategy of the Commission

Technology and Digital Transformation: 

• Ensure the implementation of financial systems, automation tools, and digital transformation initiatives for enhanced efficiency and compliance.
• Leverage data analytics tools to enhance decision-making and reporting capabilities.

Requirements

• A Chartered Accountant (CA) (SA) or equivalent qualification is essential.
• A postgraduate qualification such as a Master’s in Business Administration, Finance or Accounting as an added advantage.
• A minimum of 10 years’ accounting and or auditing experience, of which 6 years must be at a senior management level leading a team.
• Knowledge of generally recognised accounting and reporting practices including PFMA, Treasury Regulations, Treasury Instructions, GRAP, IFRS, and relevant public sector frameworks.
• Experience in managing large-scale financial operations in a regulatory or public sector environment is highly preferred.
• Demonstrate a strong ability to link financial strategies to operational and strategic goals.
• Practical knowledge of public sector budget processes.
• Understanding of Supply Chain Management (SCM) regulations and corporate governance framework.
• Expertise in financial planning, forecasting and analysis.