Director: Financial Planning and Reporting at Department of Higher Education and Training

REQUIREMENTS:

• An appropriate Bachelor’s Degree/Advanced Diploma (NQF Level 7) in Financial Management/ Accounting or related qualification.
• A minimum of five (5) to ten (10) years’ work experience in financial management, accounting, or auditing in the private or public sector with five (5) years’ experience at middle/senior management level. Candidates with a CA (SA) qualification will have a distinct advantage.
• This is a senior management position that requires a dynamic, hardworking individual with strong leadership and people management skills to manage the directorate

DUTIES:

• The main purpose of the job is to manage the financial planning, budgeting, financial reporting and payment functions of the NSF. Planning and Budgeting: Forecast the sector’s financial conditions in order to inform the Fund’s financial stability. Design the strategic financial plan for all departments. Design and provide input into the Annual Performance Plan (APP).
• Manage the MTEF budgeting process. Provide input into the Medium-Term Expenditure (MTEF). Define the financial operating framework. Oversee the allocation and distribution of NSF budget. Oversee the audit processes. Oversee the ongoing management of the NSF’s cash flow. Investments: Manage the SLA with Public Investment Corporation (PIC). Manage the NSF relationship with commercial banks.
• Develop and maintain the investment strategy of the NSF. Allocate the returns on investment budgets. Reallocate the returns on investments and refunds of disbursed funds. Reporting and manage the NSF’s relationship with the Auditor-General of South Africa and the National Treasury. Report accounting and financial information accurately and timeously and in line with the legislative reporting standards. Manage the monthly and annual financial closure activities.
• Manage all financial operations that relate to the monitoring and controlling of the flow of money through the enterprise, as revenues and expenses and assets and liabilities. Ensure that all transactions are captured/allocated correctly and are up to date. Maintain and balance general ledger and subsidiary accounts.
• Analyse and report on the variances of the actual’s vs the commitment schedule. Provide input into the development and upgrades of the financial and reporting system and processes. Perform and manage the monthly, quarterly, annual and ad-hoc financial reporting functions (both internal management reporting and external reporting). Distribute monthly, quarterly and annual reports to management and other stakeholders. Oversee reporting on the NSF commitment schedule. Manage the resources of the Sub-directorate.
• Participate as an active member of the Directorate management team: Operate within delegated authorisation. Adhere at all times to the values of the NSF.