Chief Financial Officer; FTC

ROLE PURPOSE
The Chief Financial Officer is a key member of the executive leadership team responsible for overseeing and managing the financial strategy, planning, and operations of the organization. The CFO shall be expected to ensure the Corporation’s financial health while driving profitability, optimizing costs, managing risks, and supporting strategic growth initiatives. This role requires an understanding of the company's major revenue streams particularly property investment assets management, loan finance, commercial investments, capital investments, cost management and regulatory compliance.

OVERVIEW
The company is a central development finance institution (DFI) and development agency for the Eastern Cape province. Major revenue streams entail a large investment property portfolio constituting of residential, commercial and industrial properties; a loan services to eastern cape-based enterprises, and infrastructure programme management services. Operations entail subsidiaries including the Automotive Industry Development Centre, Eastern Cape (AIDC EC), other as assets holding subsidiaries directly managed by the company's, and associate investments in hospitality.
The Corporation is looking for a result-driven Chief Financial Officer who shall institute a strategic business partnership model particularly for the revenue generating business units in addition to complementing the Chief Executive Officer in the strategic management of the Corporation. The candidate should have as a minimum qualification a commerce based NQF level 9 qualification and/or a CA(SA) or equivalent, along with knowledge and experience to be able to drive a financial turnaround and oversee a commercially oriented finance function of a medium sized business.

SPECIFIC RESPONSIBILITIES

Financial Strategy and Leadership:

Develop and implement financial strategies to support the company’s business goals and long-term growth.

Collaborate with the CEO, EXMA, and other executives to define and execute strategic initiatives.

Provide financial insights to drive decision-making, improve profitability, and achieve operational efficiency.

Lead the annual budgeting process, ensuring alignment with business objectives.

Identify opportunities to optimize financial performance and implement best-in-class financial practices across all companies in our company Group

Implementing and overseeing financial systems, protocols, controls and strategies

Financial Planning and Analysis:

Lead the budgeting and forecasting process across the group, ensuring clarity, alignment, and precision within a relevant and reasonable time frame.

Monitor financial performance, conduct variance analysis, and present actionable insights to the leadership team

Monitor key financial metrics, including functional/service area costs, gross margins, and profitability by product line.

Analyse operational cost drivers and identify opportunities for cost reduction.

Evaluate capital investment projects, ensuring alignment with financial objectives and ROI targets.

Drive profitability by identifying inefficiencies and areas for improvement across all areas of the corporation.

Financial Operations and Reporting:

Ensure accurate and timely financial reporting in compliance with applicable public sector accounting standards

Oversee all accounting functions, including accounts payable, accounts receivable, payroll, and general ledger management.

Oversee cash flow management across the group, ensuring liquidity and optimal allocation of resources.

Oversee all tax aspects and financial legislative requirements for the business.

Provide oversight on working capital requirements and capital allocation strategies to support growth initiatives.

Lead the preparation of monthly, quarterly, and annual financial statements.

Managing the day-to-day financial operations of the group and group companies

Driving profitability and scalability across the company's group.

Risk Management and Compliance:

Identify and mitigate financial risks, including currency fluctuations, interest rate risks, and market volatility.

Determine, implement, optimize and manage strategies and systems to manage significant risk areas within the group so far as they pertain to the optimal operation of the Finance responsibility in the group, including but not limited to Credit risk, Audit risk, Compliance risk, Financial Data Security risk, Business Continuity risk and Liquidity risk.

Oversee internal and external audits, addressing any findings promptly.

Establish and maintain a robust internal control framework to safeguard company assets.

Assuming total responsibility for all challenges and opportunities and requirements that may arise within the business insofar as they relate to the financial administration, compliance and strategy of our company.
The role is also responsible for ensuring compliance with relevant financial regulatory requirements and reporting standards, including the PFMA, Treasury Regulations and public sector financial…