Chief Financial Officer at Ports Regulator of South Africa

Qualifications and requirements

• Possess a Chartered Accountant qualification unless he/she is able to demonstrate that he/she has obtained the necessary competencies through experience
• An NQF level 9 Degree in Accounting/Auditing/Financial Management
• A minimum 7 years’ experience at a senior management level, obtained within a financial management and Supply Chain environment within government or any other organ of state and minimum 10 years finance experience
• In depth knowledge of PFMA and the broader government finance frameworks
• Knowledge and experience of the budget policy framework and their due processes.
• A proof of unqualified audit within the last five years will be an added advantage;
• Knowledge of the Public Finance Management Act, GRAP Standards and the operations within a public entity will serve as a distinct advantage;
• Knowledge of the Income Tax Act, Constitution, Labour legislation, Accounting and Auditing principles, Auditing practices and principles, Accounting software packages – Pastel
• Sound knowledge of trends and practices related to IT/ Administration/ Procurement and HR

Some key outputs include but not limited to:

• Budget Management: Advise and guide management on department annual budget and financial issues
• Develop annual and rolling three-year (3) MTEF budget for the Department
• Facilitate the submission of National Treasury’s annual budget.

Regulatory Framework and Reporting:

• ensure that all reports, and other information which are submitted to the National treasury and the Auditor general as required by the PFMA are timeous and accurate
• Ensure compliance with the provisions of the Public Finance Management Act, 1999 and the Treasury Regulations and the Department of Transport
• Ensure that the annual financial statements are accurately prepared in compliance with the GRAP standards and submitted timeously to the National Treasury and the Auditor-General as required by the PFMA
• Ensure that early warning systems both monthly and quarterly are accurately prepared and submitted to the Accounting Officer and Executive Authority within the stipulated period
• Financial Management: Monitor the transversal system functions
• Ensure proper management of Assets including the asset verification process
• Ensure that financial monthly and year closure are done in time.

Policies Procedures and Risk Management:

• May operate as the Chief Risk Officer for the Ports Regulator by ensuring appropriate risk management practices and controls are in place to mitigate risk.
• Develop and review of risk models and the mitigation of risk by suitable policies/procedures, proper segregation of duties and development of appropriate internal control procedures
• Develop and maintain appropriate systems and policies to ensure effective, efficient and economical management of resources and assets in the National Treasury
• Monitor the implementation of an effective financial management strategy.

Supply Chain Management:

• Develop, implement and monitor the implementation of Demand Management, Acquisition Management and Logistics Management Plans
• Monitor the implementation of the contract management including performance management
• Oversight of the Supply chain function to ensure that it is fair, equitable, transparent, competitive and cost effective.
• Monitor the implement of spend analysis

Strategic Leadership in Corporate Services department:

• Advice on strategic financial and corporate governance matters pertaining to allocated budgets
• Provide oversight and leadership of the Finance, Supply chain management, Information technology and Human resources management functions
• Implementation of strategic management skills and project management principles
• Manage and provide leadership to the staff