Chief Financial Officer

Overview

Chief Financial Officer at SMS level 15, responsible for financial management and strategic financial advice in KwaZulu-Natal.

Requirements

• An undergraduate in Accounting / Public Finance / Economics with Post Graduate / Honors (NQF Level 8) in Accounting / Public Finance / Economics and Honors as majors, or a Post Graduate in Accounting/CTA or CA qualification as recognized by SAQA.
• Eight (8) years’ experience at a senior managerial level in a Financial Management environment.
• Three (3) years must be at a Chief Director equivalent, within the eight years, there must be three (3) years’ experience in a Public Sector environment.
• Unendorsed valid Code B driver’s license (Code 8).
• Additional Information (in their order of importance): Qualification as a Chartered Accountant.
• A post graduate qualification in Public Health/ Management.
• A recognised certification in Project Management, will serve as a recommendation.
• Knowledge, Skills, Training And Competencies: The incumbent of this post will report to the Head of Department of Health, and will be responsible to support the Accounting Officer and other senior managers in the execution of their functions in terms of the Public Finance Management Act, the Treasury Regulations and Practices Notes; and manage the financial, accounting and supply chain management systems of the Department ensuring good governance arrangements and value for money in the Department.
• The ideal candidate must: Possess sound technical knowledge of GRAP (Generally Recognized Accounting Practices) and GAAP (Generally Accepted Accounting Practices), which will encompass the transition to the “accrual” basis of accounting, performance budgeting and the Public Service Legislative Framework for Financial and Supply Chain Management.
• Have the ability to provide sound technical advice on the performance of the departmental financial system to the Accounting Officer and Cluster Managers ensuring compliance with the provisions of the Public Finance Management Act, Treasury Regulations and Provincial Treasury Practice Notes.
• Possess strong leadership ability in securing financial resources for the Department to adequately fund the Annual Performance Plan of the Department.
• Have the ability to translate the macro fiscal environment for core business managers into strategic financial direction.
• Possess sound knowledge of Strategic Planning Processes and associated budgetary processes.
• Have the ability to develop and utilize Monitoring and Evaluation Mechanisms in support of strategic resource management practices.
• Have the ability to capitalize on human potential and to build a strong financial delivery team at Head Office and at Institutions.
• Have the ability to use and manage advanced computer applications.
• Possess knowledge of the principles of Public Private Partnerships and the financial management of complex contractual arrangements.
• Have excellent verbal communication and report writing skills.

Duties

• Develop implement and maintain appropriate mechanisms to timeously respond to the changing needs for financial information, the interpretation thereof and the rendering of technical advice to the Accounting Officer ensuring that the financial resources and assets of the Department are utilized effectively and economically to realize the objectives of the Annual Performance Plan.
• Provide technical advice to Accounting Officer and Senior Managers to ensure the equitably allocation, maintenance and effective utilization of resources in line with the Strategic Objectives of the Department, legislative imperatives and good governance arrangements inclusive of the management of working capital, assets, liabilities and revenue collection to achieve optimal operational efficiency in the Department.
• Ensure adequate financial, accounting and internal financial control arrangements and systems are in place and maintained in support of the decentralized financial management mode inclusive of appropriate mechanisms for the accountable delegation of financial powers, asset security, monitoring, evaluation, early warning and timeous corrective action.
• Oversee the budgetary process within the department, exercise budgetary control and provide at a strategic level early warning arrangements.
• Oversee the preparation and submission of the Annual Financial Statements and liaison with the Auditor-General inclusive of ensuring compliance with reporting requirements and standards under the PFMA, Division of Revenue Act and Financial Statements.
• Ensure the effective, efficient and economical management and utilization of resources allocated to the Financial Cluster as outlined in the legislative framework for good governance.
• Provide effective and efficient management of resources within the Cluster to ensure optimal functioning and performance of the Cluster in delivery linked to the strategy and policy imperatives.
• Provide financial advice and support to the Accounting Officer and other senior managers – i) in developing costing/funding options for strategic and other business plans within the MTEF arrangement, ii) in executing their functions in terms of the PFMA, Treasury Regulations and Departmental Financial Delegations.
• To Manage the Supply Chain Management systems of the Department ensuring good governance arrangements and value for money in the Department.

How to apply

Enquiries: Mrs TP Msimango Tel No: (033) 395 2589