CFO

Position title: Chief Financial Officer

Department: CFO / EXCO

Reporting to: CEO

Requirements:

Minimum education (essential):

• NQF Level 8: Bachelor’s/Honours in accounting.
• CA (SA).

Minimum education (suggested):

• NQF Level 9: Master’s degree relevant to the position (such as MBA).

Minimum applicable work experience (years):

• Articles experience at one of the “big 4” accounting firms.
• First-time passes for both CA board examinations.
• 15 Years experience (incl. articles), of which at least 5 in comparable executive management.

Required nature of applicable experience (essential):

• Strategic and team leadership.
• General management and EXCO-level involvement.
• Executive-level Accounting and Financial Management experience.
• Operational management and efficiency optimisation, specifically in finance process and system design, and implementation.
• Basic company statutory and legal requirements.
• Development and implementation of group strategy.
• Governance and performance tracking.
• Stakeholder and risk management.

Required nature of applicable experience (suggested):

• Human Resource Management.
• Business reporting and analytics.
• Exposure to the education sector in South Africa.

Computer literacy (essential):

• MS Office (Outlook, Word, PowerPoint, Excel).
• Accounting software (preferably Pastel Evolution).

Computer literacy (suggested):

• Reporting software (preferably MS PowerBI).

Language proficiency:

• English: Fluent.

Other requirements:

• Be willing to work after hours and travel to branches and service providers.

Competencies:

Essential Competencies

• Strategical thinking, and ability to implement the strategy.
• Strong leader, motivator and mentor.
• Proactive problem-solver.
• Critical thinking, and an improvement mindset.
• Ability to manage financial and administrative processes and systems.
• Strong communication skills.

Important Competencies

• Works well under pressure and has experience in crisis management.
• Resourceful and adaptable leadership.
• Organised with good attention to detail.

Key Performance Areas, Weights and Tasks:

Strategic leadership (20%)

• Assist CEO and board of directors in defining and improving overall business vision and strategy.
• Drive the implementation of business strategy to grow group revenue, profit, and ROI.
• Define and implement the group and division business model and offering strategies.
• Continuously improve cost-effectiveness and scalability of the group and individual divisions.
• Interact with the CEO and other Executives to ensure the effective functioning of the company.

General management (10%)

• Manage day-to-day processes, systems, tasks, projects, communication, and outputs of the division.
• Implement continuous improvement within the division.
• Coordinate staff development and training, as well as culture and individual mentoring.
• Drive performance management, and address staff issues.
• Create scalability, capabilities, and capacity in the division.
• Ensure accurate daily, weekly and monthly KPI reporting, as required.
• Oversee budgeting and reporting processes for the department, including ongoing management and compliance with spend vs budget.
• Identify and manage applicable risks.
• Ensure adherence to audit and governance requirements.

Finance (40%)

• Ensure adequate finance capacity and capability to perform all financial management, analyses, and reporting within the company.
• Support the budgeting process and subsequent implementation to achieve the company’s stated objectives for a financial period.
• Direct preparation and reporting of all required information for the annual audit and liaise with the audit committee and the external auditors as necessary.
• Develop, implement, and monitor compliance with internal financial, accounting and risk management policies and procedures.
• Assist board/EXCO/internal stakeholders with any finance/governance-related queries.
• Establish and direct scalable low-cost and efficient accounting processes.

Human Resources (20%)

• Establish and direct all human resource strategies, policies and initiatives in all HR-related areas:
  • Recruitment and selection;
  • Personnel administration, including payroll;
  • Training and development;
  • Team member engagement and communication;
  • Performance and reward management;
  • Labour relations; and
  • HR planning.

Legal, statutory, and procurement (10%)

• Ensure that all statutory and legal requirements of the organization are met.
• Monitor all legislation relevant to the organization to ensure that the organization is compliant.
• Oversee the management of BBBEE status and requirements