Chief Financial Officer needed at Johannesburg Social Housing Company SOC Limited

Key Responsibilities:

Strategic Management

• Determine the strategic direction of the financial management function, including revenue, in the overall strategy of the organization.
• Assess organisational performance against both the annual budget and company’s long-term strategy.
• Support the Accounting Officer of the organization and the Board in terms of the Municipal Finance Management Act in fulfilling their financial responsibility.
• Engage the board finance, audit and investment committees around issues, trends and changes in the operating model(s) and operational delivery.
• Assist in establishing yearly objectives and meeting agendas, and selecting and engaging outside consultants (auditors, investment advisors).
• Oversee long-term budgetary planning and costs management in alignment with JOSHCO’s strategic plan.
• Conduct and coordinate Medium-term Expenditure Framework (MTEF) processes, s well as corporate governance.

Financial Planning and Analysis

• Prepare and maintain regular financial planning reports; monthly profit and loss forecast by division (vs. budget).
• Complete analysis of financial results; Develop recommendations (strategic and tactical).
• Develop and maintain capital budget (with key inputs from Strategy & Programmes).
• Assist in development of financial planning and analysis exercises/reports.

Risk Management

• Identify financial risks and implement appropriate risk management strategies for the business.
• Ensure that the JOSHCO is adequately insured and report on risk management.
• Implement appropriate risk management strategies in finance department.
• Report on risk management.

Budgeting and Forecasting

• Development the medium-term budget that meets the financial strategy of the organisation.
• Ensure that the budgetary process meets legislative requirements.
• Present budget for board approval.
• Coordinate and oversee the development and monitoring of overall organisational capital and operating budgets.

Revenue Management & Enhancement

• Identify possible sources of funding;
• Provide an integrated billing system;
• Ensuring effective revenue collection and management.

Financial Management

• Oversee the management of internal and external audits, inclusive of stakeholder engagement and resolution of audit findings.
• Monitor financial performance through tracking performance of agreed financial indicators.
• Oversee the management of internal and external audits, inclusive of stakeholder engagement and resolution of audit findings.
• Reconcile rent roll schedule from service provider, capture on the system.
• Ensure legislative compliance for payment of government duties.
• Ensure that all audit queries are resolved.
• Ensure proper preparation for annual audit.
• Oversee the approval and processing of revenue, department budgets, maintenance of accounts and ledgers, ensuring compliance with relevant legislation.
• Oversee the preparation of standard and ad hoc financial reports required for responsible fiscal management, including budget analysis, cash flows and forecasts.
• Develop and ensure implementation of initiatives to increase revenue collection.
• Ensure appropriate Supply Chain Management Systems which are fair, equitable, transparent, competitive and cost effective. 

Minimum job requirements, interested applicants must be in possession of:

• A Valid Grade 12 certificate.
• Minimum B Compt (Hons)/B Com Accounting (Hons) or equivalent.
• Professional certification as a Chartered Accountant with the South African Institute of Chartered Accountants.
• Minimum 7 – 10 years in financial accounting or a related field, of which 5 years should be in management.
• Master’s in business administration or leadership (MBA or MBL) will be advantageous.
• Certificate in Municipal Finance Management or Certificate Program in Municipal or the ability to acquire it within the first 18 months of employment.
• Development (CPMD) in line with Minimum regulations on competency level of 2007 will be advantageous.
• Previous experience in managing a Finance Department is essential.