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Chief Financial Officer

Employer
Nambiti Technologies Ltd
Location
South Africa Diepsloot ZA, South Africa
Salary
Competitive
Closing date
Feb 19, 2025
View more categoriesView less categories
Job Role
CFO
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Reference: JHB002667-TR-1We are recruiting for a Chief Financial officer position.
Duties and Responsibilities:

Strategic Planning and Management:

Contribute towards the development, implementation and monitoring of the OBP organisational strategy and objectives.
Develop, implement and monitor an operations strategy for the division that is directly aligned with the organisational strategic objectives.
Create, communicate and implement a business plan that will enable the achievement of the divisional strategy.
Develop, implement, monitor and review OBP divisional policies and procedures as required.
Research area of focus and advise stakeholders on industry best practice policy and procedure standards and measures.
Ensure the divisional policies and procedures are aligned to the overall OBP policies and procedures.
Manage the selection and implementation of relevant systems, frameworks and initiatives that ensure delivery in line with the legislative framework and organisational objectives of OBP.

Financial Management and Reporting:

Provide strategic input and advice to the CEO and Board on the formulation of divisional budgets and forecasts.
Lead the formulation of annual budgets on behalf of the division for CEO approval.
Oversee the division's relevant departmental budgets to ensure alignment to the organisation's revenue and efficiency objectives.
Ensure the costs are contained while maintaining high levels of impact and performance.

Lead the development of best practices to achieve the larger Operational financial goals.
Responsible for overseeing that all organisational assets are managed and maintained to the company's standards.
Lead the compilation and presentation of annual financial statements.
Present company results to the Board, Parliament and stakeholders according to the relevant frameworks.
Manage and ensure the publishing of the annual financial statements for use by shareholders and other stakeholders.
Lead the compilation, submission and presentation of quarterly and annual reports.
Manage the formulation, submission and presentation of reporting templates.
Ensure that annual financial statements comply with GAAP and other legislative requirements in terms of the Public Finance Management Act, Companies Act, IFRS and Taxation Act.
Compilation, submission and presentation of Board reports for submission quarterly.
Present company results to the Board, Parliament and stakeholders according to the relevant frameworks.

People Management:

Lead the implementation of strategic targets, performance management, and the required cascading of performance objectives in order to drive operational success.
Inspire continuous focus on improving overall productivity through engagement with employees.
Responsible for the overall leadership, direction and development of all staff within the division.
Maintain a professional environment that sets the example for the business by living the OBP values every day.
Inspire continuous focus on improving overall productivity through engagement with employees.
Ensure the creation of an environment where staff are developed, engaged and successfully retained.
Lead and guide the determination of staffing requirements and overseeing all personnel processes for the division, such as staff development, mentoring, coaching, recruitment and engagement.

Financial Planning, Budgeting, Controls and Services:

Lead the financial Planning and Budgeting for the OBP and set budgetary guidelines.
Liaise with shareholders and stakeholders i.e. Department of Agriculture, National Treasury and the Parliamentary Agricultural Portfolio Committee in respect of corporate plans, budgets, financial forecasts, borrowing plans and annual financial reports.
Ensure the design, implementation and maintenance of a sound system of control to safeguard company assets.
Ensure the implementing audit recommendations to minimise financial and business risk.
Formulate and develop financial policies in compliance with accounting principles and other legislative requirements (e.g. treasury regulations) to support the business strategy.
Ensure that the accounting system is managed and controlled.
Ensure that the accounting system complies with reporting standards and that relevant access to users is in place.
Lead the management and provision of Supply Chain Management.
Lead expenditure management.
Lead the provision of Asset Management.
Ensure and manage payroll Administration.
Lead Cost Management.
Lead Revenue Management.
Develop and implement fund investment policies or strategies.
Ensure that capital investments are delivered within budget in terms of their envisaged estimated total cost; and ensure the implementation of the financial risk management strategy.
Manage investment funds to maximize return on OBP investments. Coordinate output of reports and/or approvals of request by management
Select specific investments or investment mixes for purchase by an investment fund.
Monitor financial or operational performance of individual investments to ensure portfolios meet risk goals.
Select or direct the execution of trades and manage foreign exchange related transactions.
Establish and obtain alternative sources of funds to cover funding shortfalls.
Ensure accurate submission of SARS returns
Accurate recording of revenue
Timeous collection of outstanding debtors accounts
Management of working Capital
Coordinate output of reports and/or approvals of request by management.

Investment Management

Develop and implement fund investment policies or strategies.
Select specific investments or investment mixes for purchase by an investment fund.
Ensure that capital investments are delivered within budget in terms of their envisaged estimated total cost; and ensure the implementation of the financial risk management strategy.
Manage investment funds to maximize return on OBP investments.
Select specific investments or investment mixes for purchase by an investment fund.
Monitor financial or operational performance of individual investments to ensure portfolios meet risk goals.
Select or direct the execution of trades and manage foreign exchange related transactions.
Establish and obtain alternative sources of funds to cover funding shortfalls.

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