Job Description Job title Chief Financial Officer Department Finance Reporting structures DIRECTLY – 1ST LEVEL Chief Executive Officer
REPORTING – 2ND LEVEL Board of Directors
NUMBER & TYPE OF JOBS REPORTING DIRECTLY (1ST LEVEL) Executive: Legal & Corporate Affairs; Executive: Human Resources; Executive: Information Technology; Group Treasury, Financial Manager; Management Accountant and Subsidiaries
NUMBER & TYPE OF JOBS REPORTING INDIRECTLY (2ND LEVEL) Compliance Officer; Financial Accountant x2; Accounts Payable Supervisor; Financial Controller; Employee Engagement Officer & Multimedia Developer; Training and Organizational Development Officer; HDI & EE Officer; IT Infrastructure Manager; Systems Manager; Senior Business Analyst
Main purpose Provide both operational and programmatic support to the organization. Play a key role in developing the organization’s strategy, analysis and forecasting. Supervises the Finance, Human Resources, IT and Legal business units and is the chief financial spokesperson for the organization. Is responsible for all strategic and tactical matters as they relate to budget management, cost benefit analysis, forecasting needs and the securing of new funding. (Both debt and equity).
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ACCOUNTABILITIES & RESPONSIBILITIES (KEY PERFORMANCE AREAS & TASKS)
KEY PERFORMANCE INDICATORS
1. Financial Management Determine, implement, monitor, review and evaluate budgetary and accounting strategies, policies and plans in consultation with other managers
Advise business units and assess their financial plans Provide financial information and interpreting the implications for business performance and funding needs
Coordinate the development, implementation and monitoring of accounting and business systems and processes
Direct the preparation of financial reports summarising and forecasting the organisation’s financial position such as income statements, balance sheets and analyses of future earnings and income
Assess capital finance proposals and the financial status of operational projects
Advise on investment strategies, sources of funds and the distribution of earnings
Deliver long range profit forecasts, budgeting and financial reports
Ensure the organisation complies with statutory legislation and corporate governance frameworks
Driving of cost savings – ensuring optimal financial efficiency
Preparation of pricing models 2. Leadership Together with the CEO, formulate and ensure the understanding and alignment of the entire Finance division to the Company’s Vision, Mission and value statement
Provide financial advice, leadership and direction to the organisation
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3. Strategic financial planning and resource management
Assist the CEO to develop and implement the financial policy, objectives and strategies
Ensure that CAPEX and OPEX budgets are set, communicated and monitored
Ensure that Income statements, balance sheets, cash flow projections, Age Analyses, CRM and other agreed financial reports are provided to stakeholders by agreed due date
Prepare Annual Financial Statements (IFRS) 4. Corporate Governance Attend board meetings Advise on the formulation of policies and procedures in line with the relevant legislation and ensure implementation thereof
5. Risk Management, Audit & Compliance Oversee and maintain financial and other internal control systems to manage financial risk Ensure compliance with all statutory and legal requirements and regulations Proactively manage the external audit activities and ensure timely awareness and compliance by the Organization on new regulations in its operating practices
6. Long-Term Planning Implement monthly strategy plan in conjunction with the CEO, COO, CIO, CTO, CSO Facilitate long-term planning for Support and Overheads Business Unit Oversee quarterly planning with relevant managers
7. Reporting to Exco, Board and Shareholders
Receive reports and approve to Board of Directors
Report to Exco
Attend budget (revenue) meetings regarding actual vs. budget, with the view of managing the budget.
8. Corporate Finance
Lead the Merger and Acquisition activities, including Due Diligence of the target Company
Raise of debt or equity funding
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9. Miscellaneous & General
Perform any other work related duties and responsibilities that may be assigned from time-totime by management
Competencies and Minimum Requirements: Knowledge, skills, and qualifications
CA (SA) qualification
15 years accounting experience of which 6 years must be at Executive/Board level.
Knowledge and working experience in the applications of the Generally Recognized Accounting Practices (GRAP) and the Generally Accepted Accounting Principles (GAAP), the Public Financial Management Act (PFMA) and the Treasury Regulations is fundamental
In-depth knowledge and understanding of the PFMA, procurement legislation and other related framework
Corporate finance experience
Merger Acquisition and leading due diligence
Debt fund raising experience and managing complicated debt structures
Listing experience in RSA
Proven leadership and management skills
Track record in the preparation and management of strategic plans and annual performance budgeting
Ability to implement internal systems and controls to ensure sound financial management
Effective leadership skills
Excellent interpersonal skills
Discretion and business ethics
Judgement and decision making skills
Conflict management and negotiation skills
Good presentation skills
Experience of interacting with investor analysts
Personal attributes
Natural attention to detail and ability to drive performance improvements
Dynamic and strategic thinker with the ability to combine innovative flair with sound business acumen
Analytical thinking
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Proactive thinking
Quality orientation
Decisiveness
Persuasiveness
Approvals APPROVED
NAME
SIGNATURE
DATE
Analyst Job Holder Line Manager HR Manager
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