NWDC is inviting applications for the position of:

Chief Financial Officer

Duration of the contract: 5 Years

Salary: Negotiable

Location: Mahikeng

Applications close: 31 May 2024

Purpose:

The CFO is the chief financial spokesperson of the organisation and business partner to the CEO and organisational heads, assessing organisational performance against both the annual budget and the company’s long-term strategy. He/she will develop tools and systems to provide critical financial and operational information to the CEO and make actionable recommendations on both strategy and operations. In addition, he/she will engage the Audit and Risk and Finance and Investment Committees around issues, trends and model(s) and operational delivery and will oversee long-term budgetary planning and cost management in alignment with the company’s strategic plan, especially as the organisation considers sponsorships, potential acquisition and collaborations with external organisations. The CFO must oversee business insurance plans and health care analysis coverage.

To be considered the applicant must meet the following minimum requirements:

• Applicants must be in possession of a Postgraduate Degree in Accounting or Finance, or equivalent NQF level 8 with a Chartered Accountant (CA(SA) being an added advantage.
• A minimum of 8 to 10 years exposure in senior management and/or executive level.
• An in-depth knowledge and understanding of accounting standards and practices, financial and labour legislations, including the Public Finance Management Act (PFMA), Treasury Regulations and the King IV Report on Corporate Governance for South Africa.
• Team management and interpersonal skills.
• Have high ethical behaviour, have a clean criminal and credit record and/or proven ability to manage own finances.

The applicant will be reporting to the Chief Executive Officer and the key performance areas among others are:

• Prepare and maintain regular financial planning reports, monthly profit and loss by division (vs budget) and cash flow forecast.
• Undertake a complete analysis of financial results and develop recommendations (strategic and tactical).
• Develop and execute analysis of various business initiatives (e.g. open new operations, asset acquisition, new service launches etc.).
• Develop and maintain the capital budget.
• Coordinate the development and monitoring of budgets. Develop financial business plans and forecasts. Participate in corporate policy development as a member of the senior management team. Engage the Finance and Investment Committee of the Board of Directors to develop short, medium and long-term financial plans and projections. Represent the company to financial partners, including financial institutions, investors, financial executives, auditors, public officials etc. Ensure timelines, accuracy and usefulness of financial and management reporting to state funders, foundations and the Board of Directors. Oversee the preparations and communication of monthly and annual financial statements. Coordinate audits and proper filing of tax returns. Ensure legal and regulatory compliance regarding all financial functions. Ensure an unqualified audit outcome as a minimum requirement.

Note:   All successful candidates will be required to sign a Performance Agreement Contract.

Interested candidates are requested to forward a detailed CV and relevant certified academic qualifications (Not older than 6 months) to email recruitment@nwdc.co.za

No hand deliveries will be accepted.

HR-related enquiries may be directed to Mr Nzimeni Novasi at nzimenin@nwdc.co.za.  Post-related enquiries may be directed to Mr Kabelo Mafokwane kabelom@nwdc.co.za.

The onus lies with the applicant to ensure that all foreign qualifications are verified by SAQA

Closing date: 31 May 2024. 

No late applications will be considered.

Communication will be reserved for shortlisted candidates only, if you do not hear from us 3 months after the closing date please consider your application as unsuccessful.

NB:  NWDC reserves the right not to appoint.