Description:
Purpose of the Job:
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 major revenue streams particularly property investment assets management, loan finance, commercial investments, capital investments, cost management and regulatory compliance.
Job Overview:
The company is a central development finance institution (DFI) and development agency for the 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, and associate investments in hospitality.
Minimum Requirements:
Master’s in Business Administration or NQF level 9 in Financial Management or equivalent OR Chartered Accountant (SA) 10+ years of working experience in finance of which 5 years must be in a senior leadership role Deep understanding of commercial operations and/or business financial turnaround Strong ability to link financial strategies to operational and strategic goals Strong interpersonal and presentation skills, with the ability to engage with stakeholders at all levels
Main 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 strategiesFinancial 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