Chief Financial Officer (CFO)

SUMMARY:
We seeking an experienced Chief Financial Officer for an established company based in the Pretoria East area. The successful candidate will be a qualified CA(SA) with 10 years post-article experience.

POSITION INFO:
Position overview:
To achieve a financially healthy and efficient organization. The CFO provides strategic direction of the company’s finances including financial operations and direct supervision of financial resources, functions and activities. The CFO will play a leading role in guaranteeing that daily financial operations are coordinated, cost- effective and efficient. He/she will focus on establishing relevant performance measures and implementing financial management strategy and practices that ensure the company establishes a reputation for being at the cutting edge of public transport. He or she shall solicit funding for various projects to ensure the company’s financial sustainability.

*please note this is on a 5 year contract

Requirements:

• CA(SA) - Essential
• MBA - added advantage
  
• Relevant Post Graduate Degree in Finance/Management Accounting
• Degree in Finance/Management Accounting
• 10 years minimum of post-articles experience in Finance - Essential
• Previous CFO experience OR 3 years experience in a Senior Financial Manager role and being member of EXCO is required - Essential

• High degree of computer literacy in PowerPoint, Excel, word and electronic means of communication
• Excellent management skills - experience in managing teams but also in relation to high level stakeholder management
• Solid experience and understanding of financial control frameworks and methodologies
• Knowledge of SA legislation, IFRS, GRAP, King III, Companies Act, Income tax Act, PFMA and MFMA
• Proven experience in People management as he/she shall have subordinates reporting to the position
• Regulatory reporting experience
• Proven Fund- raising skills and experience
• High level of business insight and commercial acumen
• Good knowledge of all corporate and institutional banking products
• Experience in conducting presentations to diverse groups of internal and external stakeholders
• Policies formulation and review
• Analytical, organisational and report writing skills
• Strong budgeting, planning and execution skills
• Re-engineering, project and process changes skills would be desirable
• Strong interpersonal and communications skills
• Ability to lead the overall Finance and any other teams assigned
• Excellent teamwork and project management skills
• Ability to think strategically, operate and communicate at all levels
• As senior manager, the role requires integrity and confidentiality in handling information
• Experience in transit or transport sector experience is an added advantage

• Lead, manage and direct the company’s financial functions and activities.
• Responsible for the development and monitoring of financial management strategy, risk management strategy and plan, IT and procurement plan.
• Ensure the development and monitoring of finance policies and procedures within generally accepted accounting principles and corporate guidelines to ensure sufficient cash flow, reduced operating costs, and income generation.
• Safeguard the organisation’s assets and manage liabilities to ensure a long-
• term financially sustainable organisation.
• Responsible for financial statements with adherence to relevant legislation, and management of audit and tax affairs of the company.
• Oversee the maintenance of the inventory of all fixed assets, including assets purchased as well assuring that all are in accordance with International and South African legislation.
• Responsible for developing and monitoring a system of internal controls to adequately safeguard financial resources.
• Manage the preparation of the annual budget.
• Monitor and direct the implementation of strategic business plans.
• Develop and implement the organisation's financial goals and objectives.
• Oversee the investment of funds and manage associated risks.
• Understand and mitigate key elements of the company's risk profile.
• Maintain appropriate insurance cover.
• Oversee Procurement and IT functions of the company.
• Generate income for the company and approve monthly bank reconciliations.
• Manage the preparation of monthly management accounts and other informational reports and analysis.
• Review financial results and highlight future needs and trends.
• Ensure underlying accounting records are accurate, complete and in accordance with IFRS (International Financial Reporting Standards).
• Review monthly operating reports for accuracy, completeness and major variances between actual and budget results.
• Prepare quarterly and annual fair value reports.
• Prepare summaries and forecasts for future business growth and general economic outlook.
• Manage and develop human resources in Finance and assigned business units.
• Provide the CEO and Board of Directors with accurate and timely communication of financial issues.