Invitation To Serve On The Audit Committee at Mpofana Local Municipality

• Mpofana Local Municipality hereby invites suitable qualified and experienced persons in Financial Management, Legal, Administration & Governance, Performance Management, fields to serve as members of the Audit Committee in accordance with section 166 of the Local Government Municipal Finance Management Act, 2003 and Regulation 14 of Local Government: Municipal Planning and Performance Management Regulations; 2001.

MINIMUM REQUIREMENTS:

• Relevant Tertiary Qualification at Postgraduate level in the following fields:
• Legal;
• Finance;
• Performance Management;
• Minimum of 5 years’ experience at a management level;
• Qualification as a Chartered Accountant, Certified Internal Auditor will serve as added advantage.
• Extensive experience as a member of the Audit Committee in the local government and/or public sector will serve as added advantage.
• Extensive experience in financial management, forensic auditing and performance auditing will serve as added advantage.

COMPETENCIES/ SKILLS:

• Ability to communicate effectively, to lead and participate in the discussions.
• The necessary professional acumen, strong leadership and personal qualities in business and community.
• A good understanding of the audit committee position in the governance structures, its role and responsibilities.
• The ability and capability to conduct the Audit Committee affairs efficiently and effectively, have a sound knowledge of issues affecting Local Government, with proven expertise/skills and experience.
• The utmost integrity, objectivity and the ability to contribute to a transparent administration and good governance.
• A thorough understanding of service delivery priorities and the operations of a municipal and local economic development institution.
• A good understanding and expertise in the treatment of allegations and investigations.
• Sound knowledge and understanding local government is essential.
• The ability to address current challenges in a changing municipal environment.
• The ability to build relations and communicate effectively with stakeholders, including Council, its SubCommittees, Management and Staff, Internal and external Auditors, National & Provincial Treasury and Department of Cooperative Governance and Traditional Affairs (CoGTA).
• In addition to the above, candidates should demonstrate experience in participating in governance structures and should be able to dedicate time to the activities of the municipality.
• Preference will be given to applicants with experience in serving on Audit Committees.

KEY RESPONSIBILITIES:

• Advise the Municipal Council, the Political Office-bearers, the board of directors, the Accounting Officer and management staff of the municipality & municipal entity on various matters as listed in section 166 of the Municipal Finance Management Act.
• Review the Annual Financial Statements to provide the Council of the municipality and the board of the entity, with an authoritative and credible view of the financial position of the municipality, its efficiency and effectiveness and its overall level of compliance with applicable legislation.
• Respond to Council on any issues raised by the Auditor-General.
• Perform all other duties as required by section 166 of the Local Government Municipal Finance
• Management Act of 2003 and Municipal Planning and Performance Management Regulations of 2001.
• Review the municipality’s performance management system and make recommendations to the council.

TERM OF OFFICE AND REMUNERATION

• The term of office of the appointed candidate will be for a period of five years, of which it will be reviewed annually at the discretion of Council. Persons appointed to the Audit Committee will be remunerated at rates determined by the Municipal Council from time to time taking into consideration the affordability of the municipality.

KEY CONSIDERATION FOR SELECTION

• The selection process will prioritise candidates demonstrating strategic thinking and governance capabilities, the ability to work effectively in a team and provide objective & independent insight, strong analytical and risk assessment skills, familiarity with legislative frameworks governing local government, leadership & decision making experience in areas relevant to the audit committee.
• Interested persons should not have any business or contractual dealings with the municipality or its entity.
• Vetting will be conducted on shortlisted candidates.