Chief Financial Officer (CFO)

Role Title: Chief Financial Officer (CFO) Department: CEO's Office Reporting To: Chief Executive Officer Patterson Grading: E1 – E2 Term: Permanent Frequency: Quarterly Performance evaluation and Annual review Role Purpose: To provide strategic leadership and oversight of TETA’s financial management, supply chain, and assurance functions in line with the PFMA, Treasury Regulations, and Skills Development Act. The CFO ensures effective financial stewardship, resource optimisation, compliance with accounting standards (GRAP), and achievement of clean audit outcomes. The role ensures fiscal discipline, PFMA compliance, and financial integrity. Oversees procurement, financial reporting, budgeting, and asset management. Guarantees that all financial data and transactions are accurate, transparent, and fully auditable. This role supports the CEO and Board by delivering financial governance, sustainability, and integrity through transparent and accountable fiscal management. Strategic Impact: The Chief Financial Officer is the custodian of TETA’s financial integrity, ensuring that all resources are utilised efficiently, transparently, and in compliance with legislation. The CFO’s leadership ensures financial sustainability, audit excellence, and strategic accountability, underpinning TETA’s ability to deliver its mandate to the transport sector. By embedding robust internal controls and sound governance, the role positions TETA as a model of financial prudence, compliance, and ethical stewardship in the public sector. Key Responsibilities and Deliverables 1. Strategic Financial Leadership 1.1 Develop and execute TETA’s Financial Strategy aligned to the Strategic Plan and Annual Performance Plan (APP). 2. Budget Planning and Control 2.1 Oversee development and management of TETA’s budget ensuring alignment to strategic objectives, Government priorities. This to be done in line with relevant legislative and regulatory frameworks and procedures (PFMA, applicable Sector, National Treasury Framework for Strategic Plans and APP), Policies, Delegations of Authority, MTEF Budgeting process, Estimates of expenditure (national and provincial), Business and project financial planning, Adjustment estimates and roll overs, Monthly cash flows and adjusted monthly cash flows. 3. Financial Reporting and GRAP Compliance 3.1 Ensure preparation of GRAP-compliant financial statements and management reports. 4. Audit Coordination and Assurance Management 4.1 Lead internal and external audit processes. 4.2 Ensure implementation of audit recommendations. 5. Supply Chain and Procurement Oversight 5.1 Ensure effective SCM systems that comply with Treasury and BBBEE frameworks. 6. Expenditure Management, Revenue Management, Asset & Treasury Management 6.1 Oversee expenditure, cash flow, revenue expected and received and asset control ensuring efficient resource allocation. Revenue management involves all the procedures necessary to ensure that the income is properly planned and fully accounted for, and that cash once received is safeguarded and banked promptly. 7. Risk and Internal Control Framework 7.1 Implement and maintain internal control and financial risk management systems. 8. Financial Systems and Process Optimisation 8.1 Drive automation and efficiency in financial systems and reporting processes. 9. Stakeholder and Regulatory Reporting 9.1 Ensure accurate financial submissions to DHET, Treasury, and Board Committees.