REQUIRED MINIMUM QUALIFICATIONS AND EXPERIENCE

• Matric, BCom Degree in Accounting/Financial Management/Economics (Public Finance) (NQF Level 7) and Honours Degree (NQF Level 8)
• CIMA as an added advantage
• Master’s Degree (NQF Level 9) in the relevant field as an added advantage
• Minimum 12 years’ experience in financial management, 5 years of which should be in a managerial position/middle management in the Public Sector

 DESIRED ADDITIONAL SKILLS/ COMPETENCIES

• Sound knowledge of Public Sector Planning cycle, budgeting and forecasting; and in-year monitoring
• Sound understanding of MTEF and ENE processes
• Sound knowledge of legislation and directives that regulates Public Sector financial management
• Research and analytical skills
• Ability to analyze trends, perform simulations and impact analysis of external factors to internal business
• Ability to interact at different managerial levels
• High degree of computer literacy – working with spreadsheets and large data
• Ability to coordinate budget planning activities
• A strategic thinker with analytical and scenario building skills
• Ability to work under pressure
• Ability to coordinate complex exercises
• Ability to manage people and workflow
• Problem Solving skills
• Accuracy Analytical
• Time management skills Management skills Presentation skills

 KEY PERFORMANCE INDICATORS

Budget Planning and Forecasting

• Analyze the business environment and advise on the external factors that are likely to impact business performance negatively thus threatening financial sustainability
• Analyze the revenue streams to establish the level of affordability of the entity
• Guide the subsidiaries on the budgeting processes to ensure alignment with strategy
• Facilitate the process of budget development to ensure alignment with the entity’s strategy and affordability
• Evaluate the budget inputs to ensure that the entity live within the available means
• Ensure that the MTEF and ENE documents are submitted to NT in the required format
• Facilitate the develop a cashflow plan that will enable sound investment for financial resources to optimize returns

 Project resourcing and monitoring

• Develop and socialize the Group funding plan for projects; and adapt the plan to the entity’s changing requirements
• Analyze the available budget and recommend allocations to project commitments
• Support project investment initiatives, facilitate a process of identification of cash flows from developed projects and advise on potential dividend
• Evaluate investments in associates and advise on divestments

In-Year monitoring of expenditure

• Develop a framework of cost containment measures for the Group and ensure implementation thereof
• Assess effectiveness of cost containment by identifying efficiency savings and reporting accordingly
• Assist units and subsidiaries to assess expenditure against their plans, record reasons for variances and the catch up plans accordingly
• Identify unfunded mandate and advise on the funding thereof
• Follow-up on implementation of catch-up plans

Reporting

• Oversee the consolidation of management accounts for reporting to Board
• Analyze the external trends as they relate to CEF Group business and their likelihood in affecting the CEF Group business.
• Oversee the preparation of financial analysis reports, ensure that all negative and positive early warnings are highlighted, the remedial actions are clearly communicated and all matters that are escalated for CEO and Boards attention are clearly articulated
• Support the GCFO with reporting to governance committees

Support to Group Management Accounting activities

• Guide the subsidiaries’ process of budget development and in-year monitoring
• Guide the Group on cost containments and ensure implementation thereof
• Assess effectiveness of cost containment by identifying efficiency savings and reporting accordingly
• Provide assistance/management accounting services to the subsidiaries through SLAs

Policies, Procedures and Processes

• Develop and review management accounting policies and procedures for CEF in line with financial prescripts and best practices
• Provide a framework of management accounting policies and procedures to the subsidiaries to ensure uniformity
• Act as the Group custodian of management accounting policies and monitor compliance

Stakeholder Management

• Manage external stakeholder relationships – Department of Mineral and Petroleum Resources, National Treasury and Auditor-General
• Manage relationships with internal stakeholders:
• Act as a representative of management accounting function in the interactions with other units within and outside the Finance Division
• Act as liaison between the CFO and the subsidiaries on management accounting matters
• Support CFO on all matters related to management accounting at different governance structures (e.g. EXCO, Committees of CEF Board and CEF Board)
• Act in an advisory capacity to management on financial management issues across the business

People Management

• Manage the administration of staff i.e. leave approval and travel expense approval
• Conduct quarterly performance reviews of support staff and attend to areas of non-performance
• Identify training and development opportunities for support staff
• Provide coaching and mentorship to support staff
• Participate in the recruitment process of support staff
• Supervise outputs to ensure the deliverables of the Department are met