Job Description

Job Summary

FINANCE DIRECTOR

KEY ACCOUNTABILITIES OF THE ROLE

The following list of Key Accountability Areas and job activities are not exhaustive. Client may instruct the employee at any time to carry out additional duties or responsibilities, which fall reasonably within the ambit of the job, or in accordance with operational requirements.

Strategic Leadership

Oversee development and implementation of appropriate policies, business processes and standard operating procedures for the department.

Create an action plan aligned with the companyxe2x80x99s strategy, customer requirements and expectations, including monitoring performance.

Provide strategic direction in respect of all the units and participate in the strategic planning processes of the organisation:

• Provide information for the compilation of the strategic and operational plans for Finance and Risk Services.
• Ensure that budget processes are aligned to strategic planning processes and performance outputs.
• Provide timely and accurate flow of financial and other operational information necessary for strategic decision making.
• Enhance all the unitxe2x80x99s performance and make recommendations to improve the efficiency and effectiveness.
• Drive the implementation of service delivery improvement programmes.
• Manage the development of the organisationxe2x80x99s performance framework.

Ensure departmental heads are aware of their duties, responsibilities, and performance targets in accordance with the strategic plan.

Ensure that there is full compliance by Client with relevant legislation, policies, and guidelines.

Provide reports on Finance and Risk Services as required by internal and external stakeholders.

Governance, Risk and Compliance

• Advise management on short term and long-term financial objectives, policies, and actions.
• Ensure compliance with financial regulatory requirements and legislation that Client operates under.
• Responsible for full tax compliance of the company including (but not limited to) income tax and VAT.
• Provide input into the development of the risk and compliance management frameworks and strategy.
• Provide advocacy on a risk and compliance perspective to the strategic decision-making process.
• Incorporate business insights gained through business to compile reports and metrics to mitigate risk in decision-making processes.
• Ensure all decisions made are in line with strategic objectives and comply with relevant organisational/legislative policies and procedures.
• Monitor and evaluate the progress of the departmentxe2x80x99s achievements against the tactical plan and strategic objectives.
• Ensure all Secretariat systems are maintained to meet the requirements of Client and are aligned to applicable governance practices.
• Advise on the design and implementation of programmes/interventions to ensure the continuous improvement of Secretariat business processes and systems in line with industry best practice.
• Coordinate the Audit Committee and internal audit, whilst respecting the need for internal audit to remain independent.
• Interact with external auditors to ensure efficient and timeous audits of company accounts.

Procurement

• Review Supply Chain Management (SCM) related policies for input from the Managing Director and approval by the Board or relevant delegation of authority.
• Oversee the implementation SCM policies.
• Ensure that Procurement Planning takes place, that specifications are developed timeously and that there is compliance with supply chain prescripts.
• Ensure that Client has an established and effective supply chain management system that includes:

• Sound legislative and operational framework (approved and implemented policies and procedures, and systems).
• Implementation of effective anti-corruption measures.
• Approved and implemented delegations of authority, that are compliant with the applicable legislative framework and requirements.
• Effective bid committees established with clearly defined roles, functioning in accordance with applicable legislative requirements.
• Ensuring proper disposing of surplus and/or underutilised assets.

Credit Risk Management

Responsible for the overall debt collection function, including but not limited to:

• Over dues
• Credit review
• Credit limit adjustment approvals
• Doubtful debt provision
• Expected loss
• Maintenance of the credit policy

Treasury Oversight

• Ensure that up to date signatories and administration of bank accounts are maintained to maximise interest.
• Oversee that loan obligations are complied with.
• Review the reconciliation of Client bank accounts.

Financial Management Reporting and Performance Management

• Plan and supervise the work of employees performing financial reporting, accounting, billing, collections, and budgeting duties.
• Prepare financial statements, business activity reports, financial forecast, annual budgets, and/or reports required by the organisation, shareholders and in particular the Board.

Reporting

• Analyse the financial details of past, present, and expected operations to identify areas where improvement is needed.
• Evaluate needs for procurement of funds and investment of surpluses and make appropriate recommendations.
• Provide direction and assistance to departments regarding accounting and budgeting policies and procedures, efficient control, and utilisation of financial resources.
• Manage relationships with key 3rd party providers such as the banks, the financial interface with the key creditors.
• Run financial affairs professionally and be structured to meet tight deadlines.
• Review, implement and monitor all internal financial systems and controls.
• Assure the Board of the companyxe2x80x99s financial sustainability.

Financial Planning and Controls

• Interpret and monitor trends associated with operations and service delivery with the aim of maintaining and increasing business levels.
• Review the OPEX budgets and monitor operational expenditure for each stream.
• Review CAPEX budget in line with operational requirements of each unit.
• Ensure that relevant controls are in place to ensure appropriate monitoring, enhancement, and optimisation of all revenue streams.

Stakeholder Management

• Build and create strategic partnerships with internal, external, and relevant business stakeholders.
• Ensure key internal and external stakeholders are identified and relations are appropriately managed.
• Attend and represent Client at relevant local and international events, conferences and platforms.
• Attend relevant project steering committee meetings.
• Act as an ambassador for Client and participate in high-level discussion thereof.

People Management

• Lead, motivate and coach the team to enhance capabilities for the delivery of plans and strategic initiatives.
• Direct and control the Key Performance Indicatorxe2x80x99s and outcomes of personnel and processes within the department.
• Determining staffing levels and preparing motivations for the filling of vacancies to complement functional objectives and requirements.
• Define and adjust the role boundaries, workflow process and job designs against established service delivery requirements and statutory regulations.
• Conducting appraisals to measure performance against agreed objectives, coaching, and consulting with personnel on developmental goals, career paths and short-term targets and standards.
• Monitor the adequacy of current training interventions through the evaluation of competencies demonstrated in the workplace.
• Prepare and/or approve progress and assessment reports for inclusion into the consolidated Skills Development Plan of the department.

QUALIFICATIONS & EXPERIENCES

• A postgraduate qualification in Accounting, Finance, or related discipline.: Essential
• CA (SA) certification: Essentials
• At minimum of least 10 yearsxe2x80x99 experience with at least 5 yearsxe2x80x99 experience in senior leadership and strategic business experience.
• Management of all relevant internal and external stakeholders.

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