Chief Financial Officer at University of Limpopo

KEY DUTIES/RESPONSIBILITIES  
KPA 1: Strategic Direction, Planning and Alignment  

• Providing input into the University’s overall strategy.  
• Providing strategic direction and   monitor the achievement of the Portfolio’s strategy aligned to the overall University’s strategic plan.  
• Overseeing  the development,  implementation  and  review  of  the  Portfolio’s  strategy,  plans, policies, procedures, practices, processes, and systems. 
• Prov iding strategic direction to the development of the Portfolio’s annual performance  plan and review as is required by the Department of Higher Education Training (DHET).   

KPA 2: Strategic leadership   

• Providing  strategic  leadership  regarding  all  the  operatio ns  of  the  Portfolio  from  an  overall perspective, which includes:  
• Financial Management;  
• Financial Governance and Reporting;  
• Supply Chain Management; and  Generation of Third - Stream Income  
• Providing  strategic  leadership  in  the  development  and  the  continuous  e valuation  of  short, medium, and long - term strategic financial objectives of the university the Institution.  
• Ensuring the enhancement of the performance of Financial and Supply Chain Management by providing  regular,  timely  and  accurate  analysis  of budgets,  financial  and  procurement  trends, and forecasts to collectively support the core business of the University  
• Providing leadership in developing strategies and business models to optimise the opportunities that exist for third stream revenue.  
• Providing  strat egic  leadership  in  directing  and  overseeing  the  Institution’s  financial  risk management programme.  
• Providing strategic direction through integrated planning and resource allocation to ensure that the achievement of strategic objectives of UL.  
• Provides stra tegic leadership regarding the monitoring of compliance of accounts, ledgers and reporting systems to relevant financial standards.  
• Providing  strategic  leadership  regarding  the  budgeting  process  and  the  implementation  of budgets.  
• Ensuring that accurate, ti mely financial analyses are available for decision - making and planning purposes.  
• Providing strategic leadership on contract negotiations from a financial impact perspective.  
• Establishing  efficient  workflows  and  business  processes  to  meet  the  need  of  financ ial information of multiple internal and external stakeholders.  
• Providing strategic leadership during the annual audit process, ensuring year - round compliance with International Financial Reporting Standards (IFRS) and other accounting standards.  
• Ensure  that the management and operations of the Portfolio is aligned with the demands of the Digital Age  
• Providing  strategic  leadership  in  the  provisioning  of  expert  advice  and  support  on  the procurement process against Institutional spend.  
• Developing, implement ing and reviewing a University’s Financial Sustainability Plan to improve the University’s financial position.  
• Formulating, implementing and reviewing a strategy to forecast cost implications that are linked to Institutional budgeting processes.  
• Coordinati ng and driving preparation of the UL and Portfolio’s budget for Institutional approval (including funding budgets and Initiative budgets).  
• Directing and overseeing the funding of the UL and Portfolio operations and budgeted activities.  
• Overseeing and monit oring the portfolio expenditure within budgeted parameters and reporting on variances periodically.  
• Providing leadership regarding the compilation and management of the budget for the Institution and Portfolio.  
• Overseeing the running of all accounts, ledge rs, supply chain management  

KPA 3: Procurement and reporting systems, ensuring compliance with appropriate all financial statutory systems, and reports accordingly  

• Engaging the UL Council Finance Committees, as well as the Audit Committee around issues, trends, and changes in the financial operating model(s) and operational delivery.  
• Preparing materials and presenting, as necessary, financial information to UL management and governance structures or relevant committees.  
• Oversee the development, implementa tion and review of procurement and financial governance and reporting policies, protocols and guidelines  
• Oversee  the  development,  implementation  and  review  of  the  annual  procurement plan  of  the University.  

KPA 4: People Management  

• Leading,  mentoring,  and   empowering  employees  and  change  within  the  Portfolio  to  promote performance, optimal working environment, and cost- effective operations  
• Guiding and influencing strategic leadership in embedding the values and desired culture of the 
• Institution in line  with the University’s Strategic Plan.  
• Driving a high - performance culture by taking accountability for an effective and well - articulated performance management process.  
• Ensuring the resourcing of the Portfolio through recruitment and filling of positions to   meet the operational requirements of the institution.  
• Promoting  the  positive  employee  relations  and  climate  through  employee  engagement  within the Portfolio  
• Fostering an organisational culture and climate that is ethics and value driven.   
• Providing strate gic guidance in the implementation of the human resources policies, procedures, and practices.  

KPA 5: Financial Governance and Reporting   

• Reporting on progress against strategic initiatives  
• Participating in Institutional governance structures  
• Managing the   strategic relationships and networks with internal and external stakeholders  
• Overseeing,   monitoring,   evaluating   operations   and   reporting   to   internal   and   external stakeholders  
• Overseeing and reporting on legislative and statutory compliance as defined by g overnment and relevant professional bodies  
• Promoting  a  context - relevant  environmental,  social  and  governance  sustainability  awareness and culture.  

REQUIREMENTS  
Qualification   

• Minimum of NQF level 8 degree in accounting/finance ;  
• Qualified CA(SA)   and reg istered as a professional with SAICA;  
• Registered with the accounting professional bodies ; and  
• Master’s degree will be an added advantage .  

Experience  

• A minimum of  twenty   years’ experience   in Finance/Accounting portfolio  
• Minimum 1 0   years’ relevant experience in senior /executive management role .  
• Experience in or exposure to, the South African Higher Education sector would be considered a major advantage.