CHIEF FINANCIAL OFFICER (CFO)

SUMMARY:
CHIEF FINANCIAL OFFICER (CFO)

POSITION INFO:
Chief Financial Officer (CFO) Location: Cape Town, South Africa Entity: Leading State-Owned \/ Energy Sector Regulatory Authority Position Type: Executive \/ Direct Report to CEO \/ EXCO Member About the Client Our client is a prominent statutory agency responsible for promoting, regulating, and overseeing upstream oil and gas exploration and production operations within South Africa, both onshore and offshore, under the national regulatory framework. Role Overview As a key member of the Executive Committee (EXCO), the Chief Financial Officer (CFO) leads, directs, and takes ultimate accountability for strategic financial operations, encompassing Accounting, Finance, Supply Chain Management (SCM), and Risk functions. The CFO plays a pivotal role in driving the strategic and corporate plans, ensuring long-term financial sustainability, statutory compliance, and flawless governance across all operations. Key Responsibilities Strategic Planning & Financial Sustainability: Lead budget development for Annual Corporate Plans and Shareholder Compacts; present financial standing to Management, the Board, Board Sub-Committees, Government Shareholders, and National Treasury. MTEF & Capital Allocation: Drive Medium Term Expenditure Framework (MTEF) submissions and strategic engagements with regulatory bodies and Treasury, while developing alternative revenue generation strategies. Financial Reporting & Governance: Ensure financial reporting complies strictly with IFRS, PFMA, Treasury Regulations, and the Companies Act for submission to EXCO, the Audit & Risk Committee, and the Auditor-General (AGSA). Audit, Internal Controls & Risk Management: Oversee internal\/external audit plans to maintain clean\/unqualified audit outcomes; manage corporate Risk and Insurance portfolios to mitigate commercial and operational exposure. Supply Chain Management (SCM): Direct SCM operations in compliance with legislative frameworks (PFMA, B-BBEE, Treasury Regulations), guaranteeing value for money while eliminating irregular, fruitless, or wasteful expenditure. Digitalization & Systems Alignment: Modernize financial reporting processes, digitizing operating procedures and tech tools to meet leading industry standards. Executive Leadership & Team Development: Direct, coach, and mentor direct reports (3 direct reports) and oversee the growth of the broader Finance and SCM teams. Qualifications & Professional Registrations Education: Bachelor's Degree in Accounting \/ Financial Management AND Post-Graduate Degree in Accounting \/ Financial Management \/ Business Administration \/ Management. Professional Designation: Active registration as a Chartered Accountant [CA(SA)] is required. Experience & Knowledge Experience: Minimum of 15 years in Financial Management, with at least 5 years in an Executive Management role . Industry Sector: Knowledge and\/or experience within the upstream oil & gas industry or broader energy sector is highly advantageous. Regulatory Expertise: Expert knowledge of IFRS, PFMA, Companies Act, King V, Income Tax Act, VAT Act, and public sector SCM governance. Software Competencies (Advantageous): CaseWare, SAGE, IDU, Norming (Assets), BPM \/ VRM. Core Competencies Strategic Thinking & Executive Decision Making Ethical Leadership & Uncompromising Integrity Complex Problem Solving & Advanced Analytical Ability Detail Orientation & Precise Financial Control Innovation & Process Optimization Monitoring, Evaluation & Risk Mitigation Application Instructions South African citizens who meet the minimum criteria are invited to submit their application, including a Covering Letter and detailed CV listing three contactable referees. Employment Equity: Preference will be given to candidates from designated groups in terms of national employment equity legislation.