CALL FOR APPLICATIONS: CHIEF FINANCE OFFICER FOR THE INNOVATION HUB (TIHMC)
5 YEAR FIXED-TERM CONTRACT WITH THREE MONTHS’ PROBATION, PATERSON GRADE E3 SALARY TOTAL COST OF EMPLOYMENT PER ANNUM
The Gauteng Growth and Development Agency (GGDA) is the implementation arm of the Department of Economic Development created in terms of the Blue IQ Investment Holdings (Pty) Ltd Amended Act (2012) merging Blue IQ Investment Holdings and the Gauteng Economic Development Agency (GEDA.)
The GGDA is a group of companies made up of a Holding company and four subsidiaries i.e.
- Automotive Supply Park t/a Automotive Industry Development Centre (AIDC)
- The Innovation Hub Management Company (TIHMC)
- Constitution Hill (ConHill)
- Gauteng Industrial Development Zone (GIDZ)
The mandate thereof, is to lead, facilitate and manage sustainable job creation and inclusive economic growth and development in the Gauteng City Region through:
- Enabling economic development that is focused on creating sustainable jobs by facilitating delivery of key national and provincial programmes of action.
- Strategically positioning the province into a globally competitive city region.
- Facilitating partnerships and creating linkages across the province to maximise service delivery outcomes.
- Supporting the development of Key Sectors of the economy in line with the economic development and industrial strategies of the province by carrying out:
- Business enablement
- Establishment of capital projects
- Land development
- Trade and investment promotion
The successful incumbent will be reporting to the Chief Executive Officer and will be expected to execute the following tasks:
- Develop and execute the financial strategy in alignment with Subsidiary overall goals and objectives.
- Provide strategic financial insights to guide decision-making processes.
- Lead in the following areas:
- Subsidiary performance reporting.
- Preparation of monthly, quarterly, and annual financial reporting as per the financial calendar.
- Input to the approval and processing of revenue, expenditure, and control documents, budgets, salary updates, ledger, and account maintenance and data entry.
- Financial Risk Management Audit process.
- Ensure compliance with relevant regulations and legislation (PFMA, Company’s Act, Tax etc.)
- Resolution of audit queries.
- Monitor and review payroll.
- Safeguarding of State-owned assets.
- Responsibility of Asset Register.
- Responsibility for all insurance cover for the Subsidiary.
- Continuous assessment of liquidity and solvency of subsidiary.
- Manage the budgeting and compliance process for the Subsidiary.
- Strategic financial management of entity to ensure financial sustainability and growth.
- Monitor financial performance against budgets and provide regular forecasts.
- Lead the development of annual capital commitments and expenditure budgets for the Finance and Supply Chain unit to successfully execute strategic plans.
- Monitor and manage the annual budget and report major financial commitments, exposures, and risks to the CEO on a regular and timely basis.
- Support the management of the overall budgets, monitoring the expenditures and costs against benefits that are realised as the programme progresses.
- Foster effective communications and ensure that appropriate relationships are maintained with the shareholders of the Subsidiary, relevant stakeholders, and agencies.
- Oversee and maintain a professional relationship with the auditors.
- Provide advisory support to the Subsidiary CEO and Board on efficient financial compliance and control environment.
- Ensure that a system of financial governance is implemented and sustained across the organisation.
- Establish effective control and coordination mechanisms for all operations and activities of the division and take reasonable steps to ensure the integrity of the internal control and management information systems.
- Ensure that all operations and activities of the unit are conducted in accordance with the PFMA, relevant regulations, the GGDA’s Code of Business Conduct and Ethics, sound business practices, and the other policies and practices approved by the Board.
- Foster a high-performance corporate culture that promotes ethical practices and encourages individual integrity, accountability, and social responsibility.
- Effective and efficient cash flow management to ensure that financial commitments are honoured timeously.
- Define roles and responsibilities and establish clear delegated authority.
- Ensure that direct reports attend Continuing Professional Development (CPD) training.
Qualification, experience, and skills requirement:
- Qualified CA, B. Compt Hons or B. Com with CTA
- CA (SA) or CIMA or ACCA
- 10 years commercial experience; with a minimum of 5 years in management
- 6 years in a Senior Management role in a PFMA environment
- Membership with SAICA would be an advantage.
Applications should be submitted online: https://bit.ly/GGDAGroupRecruitment. Enquiries should be addressed to: recruitment@theinnovationhub.com. Correspondence will be conducted with shortlisted candidates only. PLEASE NOTE: Applicants, who have not been contacted within 30 days of the closing date, should consider their application to be unsuccessful.
Closing Date: 08 March 2024.
TIHMC is committed to Employment Equity and aims to attract and retain talented individuals to achieve its equity objectives. Therefore, people from designated groups and those with disabilities are encouraged to apply.
The Protection of Personal Information Act (POPIA) came into effect on 1 July 2021. The GGDA respects your privacy and is committed to keeping your personal information secure and confidential. The Group will ensure that in Processing an Applicant’s or Employee’s Personal Information, it will adhere to its obligations in terms of POPIA. By virtue of you applying for this position, you give The Group the consent to keep and or process your information as per POPIA”.