Chief Financial Officer

TOTAL REMUNERATION PACKAGE PER ANNUM ALL INCLUSIVE

• Minimum: R 1 793 446 Lower: R 1 836 488 Midpoint: R 1 880 564 Upper: R 1 925 698 Maximum: R 1 971 915
• Appointment to the position of the Chief Financial Officer will be on a fixed-term performance-based contract in terms of Section 54A, 56 and 57 of the Local Government: Municipal Systems Act, Act 32 of 2000, as amended, read together with the Local Government: Municipal Performance Regulations, 2006 and the Local Government: Municipal Finance Management Act: Municipal Regulations on Minimum Competency Levels of 2007.

Key Requirements

• A valid Grade 12 Certificate
• A bachelor's degree in accounting / finance / economics or equivalent NQF Level 7 qualification.
• Registration of Chartered Accountant SA will be an added advantage.
• A minimum of seven 7 years' experience at senior or middle management levels, of which at least two 2 years must be at senior management level.
• A proven record of accomplishment at a Management level in Local Government Finance.
• Extensive and practical experience in the Local Government financial environment.
• Demonstrated experience operating at Chief Financial Officer level in a District Municipality setting will be an added advantage.
• Demonstrate practical experience with the implementation of the Municipal
• Finance Management Act, Treasury Regulations, Supply Chain Management and other related legislation governing Local Government.
• A qualification in the Certificate Programme in Management Development for Municipal Finance CPMD/MFMP or attaining the qualification within a reasonable time-frame in terms of Municipal Regulations on Minimum
• Competency Levels of 2007.
• A valid code B driver's license.

Knowledge

• Advanced knowledge and understanding of relevant policy and legislation.
• Advanced understanding of institutional governance systems and performance management.
• Advanced understanding of Council operations and delegation of powers.
• Good governance.
• Audit and risk management establishment and functionality.
• Budget and finance management.
• Ability to be an innovative and strategic leader.
• Good facilitation and communication skills in at least two official languages.

Key Performance Areas

• Reporting directly to the Municipal Manager, the incumbent shall be expected to:
• Ensure the implementation of General Accounting Practice GRAP Standards.
• Provide strategic leadership in the Budget and Treasury Office of the Municipality.
• Develop and continuously evaluate short- and long-term strategic financial objectives and ensure that internal financial targets and budgets are fully consistent with the Municipality's IDP, SDBIP's and relevant agreements with other sectors of Government.
• Ensure effective and efficient management and control of municipal bank accounts and investment of surplus funds.
• Ensure credibility of finance reporting by providing timely and accurate analysis of budget, financial trends and forecast.
• Meet reporting requirements as required in terms of financial management legislation such as the MFMA, Treasury Regulations and the DORA.
• Monitor financial risks and implement an anti-fraud and corruption strategy in collaboration with risk management.
• Ensure effective functioning of financial budgeting, financial accounting, financial analysis and financial reporting systems.
• Compile budget estimates, monthly forecasts, project planning and produce adjusted cash flows.
• Provide support during the preparation of the Municipality's IDP and SDBIP's to ensure effective and efficient performance.
• Develop tools and systems to provide critical and operational information to the
• Management of the Municipality and make actionable recommendations on both strategy and operations.
• Formulate creative solutions to enhance cost effectiveness in the delivery of services and the administration of the Municipality
• Liaise with relevant role-players in the financial environment regarding transverse financial matters.
• Manage all resources assigned to the incumbent and provide exemplary leadership towards a culture of Corporate Governance and Ethics.
• Be responsible for Financial Performance Management Reporting, Municipal
• Supply Chain Management, Internal and External Audit and Accountability.
• Assist the Accounting Officer with other roles and responsibilities delegated to the CFO position in terms of the relevant legislation.

The following competencies are required in the above position: -

• Strategic direction and leadership
• People management
• Program and project management
• Financial management
• Change leadership
• Government leadership
• Moral competence
• Planning and organising
• Analysis and innovation
• Knowledge and Information management
• Communication
• Results and quality focus