Independent Chairperson of the Audit and Risk Committee at National Agricultural Marketing Council

QUALIFICATION AND EXPERIENCE:

• An appropriate bachelor’s degree in Accounting/ Auditing or equivalent (NQF level 7) qualification. 5-10 years management experience, applicable to the specific to Auditing (Internal and External); Law; Accounting; Risk Management and Financial Management.

KNOWLEDGE AND SKILLS

• Understanding of the Human Resource Legislations, knowledge of Public Service Regulatory
• Frameworks, Strong financial management and Information and Communication Technology (ICT) background. Knowledge of Corporate Governance and Project Management. Understanding and exposure to relevant prescripts / policies (Public Finance Management Act, 1999, National Treasury
• Regulations and other relevant prescripts) and governance best practices. Must be a member of IRMSA and IODSA or registered as a CIA /CISA /CA / Finance professional in good standing with SAICA.
• Knowledge of the MAP Act and exposure to the Agricultural fraternity will be an advantage.

COMPETENCIES

• Strategic management. Business planning and design. Performance measurement. Financial accounting (including principles of GAAP/GRAP). King IV. Management accounting. Internal control. Internal and external audit. Information systems. Economy. Communication skills. Analytical skills.

KEY DUTIES AND RESPONSIBILITIES

•  Carry out the responsibilities as legislated by the Public Finance Management Act, 1999, the National Treasury Regulations, and the approved Charter.
•  Fulfil oversight responsibilities to ensure that the NAMC maintains an effective, efficient, and transparent systems of financial, risk management, governance, performance evaluation and internal control.
•  Review the effectiveness of the Internal Audit activity and the work of external auditors.
•  Review the NAMC’s financial statements, performance information and monitor compliance with legislation.
•  Provide advice to the Chief Executive Officer on matters relating to, inter alia, internal audit; internal control; risk management; accounting policies; financial and non-financial information; effective governance and compliance with applicable legislation and prescripts.
•  Review any reports released by the internal and external auditors and Management’s response thereto.
•  Report annually to the Accounting Authority on the status of risk management, governance, and controls within the NAMC