Group Financial Manager at Central Energy Fund (CEF)

 REQUIRED MINIMUM QUALIFICATIONS AND EXPERIENCE:

• Matric and honours degree in Accounting / Taxations or equivalent qualification.
• 12 years’ experience in finance management and 5 years’ experience in a senior management position.
• Registered Chartered Accountant (CA/SA) is required.
• Masters's degree (NQF 9) IN Accounting / Taxations or equivalent qualification will serve as an added advantage.

 DESIRED ADDITIONAL SKILLS/ COMPETENCIES:

• Extensive knowledge of IFRS and financial reporting standards
• Advanced knowledge of accounting principles 
• Sound knowledge of applicable legislation and regulations i.e. CEF Act, PFMA and Treasury regulations.
• Ability to analyse complex transactions
• Problem-solving skills and knowledge of public sector financial management
• Ability to interact at different managerial levels
• Negotiations skills, Ability to work with different teams 
• Ability to work under pressure and to coordinate complex exercises
• Ability to manage people and workflow

KEY PERFORMANCE INDICATORS:

Financial Policies and Procedures

• Develop and review financial policies and procedures for the Group aligned to the company strategy, and in accordance with the appropriate accounting standards.
• Facilitate the communication of financial policies and procedures across the Group.
• Act as the Group custodian of financial control policies and monitor adherence therein.
• Promote continuous improvement and compliance to financial policies and procedures.
• Monitor compliance to IFRS and National Treasury reporting guidelines. 

Tax Submissions

• Establish working methods for the submission of tax returns and provide guidelines to Accountants to avoid penalties.
• Review tax returns, SARS requests and reports and tax reconciliations.
• Coordinate the timeous preparation of tax calculations by the external service provider.
• Review VAT for return submissions per subsidiary.

Financial Reporting

• Oversee the preparation of the consolidated and company Annual Financial Statement:
• Facilitate the provision of input from the relevant stakeholders.
• Review the financial statements and trial balances and provide commentary for submission to the CFO.

 Audit Process Facilitation

• Act as the key interface with Internal and External Auditors.
• Monitor that internal and external audit requests are communicated to the right people and that information has been provided timeously.
• Review and respond to audit findings.
• Participate in regular meetings with the Internal Audit Manager to discuss progress and pressing issues.

Revenue Management

• Develop and maintain the SLAs between CEF SOC and entities receiving services from CEF SOC.
• Negotiate terms of the SLAs and propose reviews of SLAs taking into account changes in the factors affecting the revenue environment.
• Recover the revenues due to CEF SOC, follow-up on overdue revenue, initiate discussions to make arrangements for overdue revenue and ensure that the interests are charged on overdue revenue in terms of the SLA – Implement the SLAs.
• Manage CEF SOC loan accounts and facilitate reviews of repayment terms with relevant parties.

Oversight of Transactional Accounting Functions

Provide guidance and oversight of the day-to-day transactional functions performed by the accountants, encompassing the following:

• preparation and posting of journals
• verification of assets
• passing of new entries
• technical accounting matters
• Review drafts for motivations and finalise for submission to the CFO for approval.
• Authorise invoices and ensure that supporting documentation is attached to the invoices.
• Monitor the timeous payment of creditors and attend to those outstanding payments that have been escalated.
• Sign-off on monthly reconciliations.
• Monitor the maintenance of the asset register.

 Stakeholder Management

• Manage external stakeholder relationships with the Department of Energy, National Treasury, SARS and suppliers:
• Act as point of contact for CEF Holdings
• Liaise with suppliers
• Liaise with the Department of Energy for responses to queries and requests for information.
• Engage with the National Treasury on budgets and forecasting and monitor the quarterly and annual reporting therein.

Manage relationships with internal stakeholders:

• Liaise between the CFO and the subsidiaries in the communication of information for roll-out.
• Represent Finance at different forums (e.g. Board Audit Committee and Procurement Committee) to provide commentary and feedback to the relevant stakeholders on ​finance issues.
• Act in an advisory capacity to management on financial management issues across the business.

People Management

• Manage the administration of staff i.e. leave approval and travel expense approval.
• Conduct quarterly performance reviews of subordinates and attend to areas of non-performance.
• Identify training and development opportunities for subordinates.
• Provide coaching and mentorship to subordinates on financial management issues.
• Participate in the recruitment of staff members.
• Supervise outputs to ensure the deliverables of the Department are met.

Closing Date:  28 June 2026