FT Contract - Chief Financial Officer - Johannesburg - South Africa

Chief Financial Officer (CFO)

Job Purpose:

• To develop and oversee the implementation of the Financial processes and systems.
• The job is also responsible for ensuring the effective financial management of the company in line with PFMA and Treasury Regulations

Job Specification:

• Develop the financial strategy and give input into the organisational strategy.
• Develop and implement a fundraising strategy to raise additional funding together with the Marketing and Production Department.
• Manage financial management of the company to develop, implement and maintain the financial systems.
• Manage Supply Chain of the company to comply with Treasury regulations.
• 5Manage Financial Compliance of the company in line with Treasury Regulations.
• Manage the internal controls of the company to manage the risks of the company.
• Manage the Finance Staff

Key Performance Indicators (KPI’s)

• Provide strategic guidance and advise to the various departments on the specific programs and targets.
• Ensure that the budget is aligned to the above-mentioned programmes.
• Provides input into the broader strategy of the company on financial matters.
• Provide guidance to the CFO on the financial implications on budgets.
• Identify sources of additional funding.
• Engage with Treasury and Department of Arts & Culture (DAC).
• Complete and submit the necessary documentation to motivate the additional funding.
• Build and maintain relationships with key stakeholders.
• Develop policies and procedures and systems to maximize efficiency and productivity of the Financial Department.
• Ensure the reviewing of the monthly financial report, budgets and financial statements, prepared by the Finance Manager.
• Coordinate the budgeting process with all the HOD’s.
• Conduct Due Diligence on the accuracy of the payroll system:
• Review salaries.
• Provide input into increases.
• Oversee the implementation of systems and procedures that maximize productivity through smooth documentation flow.
• Review the financials and conduct due diligence on outstanding monies owed to and by the company
• Prevent unauthorized, irregular, fruitless and wasteful expenditure and losses.
• Review monthly reports and financial analysis highlighting actual vs budget expenditures for departments in line with the PFMA.
• Oversee the preparation and audit of the financial statements.
• Review reconciliations and sign off on balance sheet reconciliations.
• Coordinate Annual Budget process:
• Ensure allocations are received from Treasury.
• Coordinate management input into how the budget is to be spent in terms of programmes and operational budget.
• Compile the annual budget and submit to the CEO for approval.
• Present the final budget to the Council.
• On approval, submit the budget the Department of Arts and Culture and National Treasury.
• Communicate the approved budget to the departments.
• Monitor departmental spend and address any variances.
• Manage financial management activities within the allocated time frame and in accordance with policies and procedures.
• Review and approval of all procurement undertaken by the SCM Manager.
• Authorize the process of procurement.
• Approve services providers and Service Level Agreements/ Contractual Agreements in accordance with the Treasury guidelines.
• Authorize all levels of expenditure in procurement.
• Review and conduct due diligence on all the SCM reports and Supplier Database.
• Ensure compliance with all relevant legislation.
• Manage the preparation of the annual report.
• Guide the relevant Departments on the information required for the annual report and facilitate the process of preparing for the annual report.
• Manage the External Audit Process.
• Review the AFS for accuracy and compliance.
• Ensure that the financial statements are submitted and approved by the Audit Committee and Council.
• Liaison with Auditors on findings and queries.
• Establish and maintain a risk management system.
• Implement and maintain a risk register.
• Manage the safe guarding of company assets.
• Manage the annual risk assessment process and the internal audit carried out.
• Develop and implement financial control systems as recommended by Internal Audit.
• Formulate and maintain systems and policies that will ensure effective and efficient financial management of the company resources. 

FIXED CONTRACT FOR 3 MONTHS (COULD EXTEND)

Qualifications & Experience:

• Post Graduate degree in Finances or related required.
• 5-8 years relevant financial experience in the Public Sector.
• Extensive knowledge of PFMA, Treasury Regulations, GRAP standards and PPPFA

Skills & Knowledge Required:

• Project Management
• Financial Management
• Financial Awareness
• People Management
• Problem Solving
• Decision Making
• Planning and Organizing
• Delegation
• Control and Monitoring
• Communication
• Film & Video Industry 
• Organisational Legislation, Policy and Procedure
• Job Specific Knowledge
• Cost Reports
• Work Area Knowledge

Knowledge

• Strategic Thinking
• Leadership
• Conflict Management
• Business Acumen
• Negotiation
• Persuasiveness
• Analytical Thinking
• Team Player
• Customer Focused
• Attention to Detail
• Initiative
• Ability to work under pressure