UMHLOSINGA DEVELOPMENT AGENCY (UMDA)

UMhlosinga Development Agency SOC Limited (UMDA) is an Economic Development Agency that is wholly owned by uMkhanyakude District Municipality. UMDA’s key objective is to generate sustainable economic growth and development, through projects which benefit the local communities and residents of the district. 

POST NO.01/2026/27 

JOB TITLE: CHIEF FINANCIAL OFFICER 

Five-year performance-based contract position 

Salary Grade – Negotiable within COGTA Upper Limits for Total Remuneration Package 

The successful incumbent will be required to effectively drive financial services (Budgeting, Income, Expenditure, Activity-based Costing, Supply Chain Management and Asset Management) through the establishment, implementation, and maintenance of a financial management strategy to ensure overall financial sustainability and support to the achievement of the overarching strategic objectives of UMDA. The CFO is a prescribed officer in terms of the Companies Act 71 of 2008 and the Local Government: Municipal Finance Management Act 56 of 20003 will therefore also be appointed to serve as an Executive Director of the municipal entity’s board. 

Requirements:

·       A recognised Bachelor’s Degree in Accounting, Finance or Economics (NQF7) or equivalent qualification. Completed South African Institute of Chartered Accountants (SAICA) articles would be an added advantage. 

·       A minimum of seven (7) years relevant and proven experience in a middle management position within the finance environment of which two (2) years must be in a senior (executive) management position preferably within the local government finance environment. 

·       A relevant post graduate degree NQF Level 8 in Business Administration, Finance, Accounting or related field will be an added advantage. 

·       Certificate in Municipal Financial Management Programme as prescribed by National Treasury, Government Gazette No 29967 dated 15 June 2007 or Equivalent Qualification would be an added advantage. 

Key Performance Areas 

The incumbent will be reporting to the Chief Executive Officer and will be responsible for the following: 

·       Lead and manage the Finance Directorate currently composed of the Budget Office, Income, Supply Chain Management and Information Technology units. 

·       Preparation and control of the overall budget of the entity 

·       Ensure compliance with all sections of the MFMA, and other financial Legislation and Regulations 

·       Preparation of annual financial statements according to prescribed standards 

·       Develop and facilitate the implementation of the Supply Chain Management system consistent with the legislative framework. 

·       Ensure that the Budget and Medium-Term Revenue and Expenditure Framework of the entity are aligned to the strategic plan of Umhlosinga Development Agency. 

·       Financial modeling and project investment packaging 

·       Strategic financial management 

·       Resource mobilisation 

·       Audit And Assurance 

·       Governance and Risk Management 

·       Management of financial projects 

·       Foster relations with the District Municipality and local municipalities within the district as well as all key stakeholders in the public and private sector 

Key Competencies: 

·       The required core competencies and minimum competency requirements as stipulated in Annexure A and B of the Regulations on Appointment and Conditions of Employment of Senior Managers as promulgated in Government Gazette 37245 dated 17 January 2014 

·       Advanced understanding of institutional governance systems and performance management 

·       Advanced practical knowledge and understanding of relevant legislation and policies governing municipal entities. 

·       Practical knowledge and understanding of the Local Government: Municipal Finance Management Act 65 of 2003. 

·       Practical knowledge of the Companies Act 71 of 2008 and King Codes. 

·       Knowledge and exposure to corporate governance 

·       A proven and demonstrable track record of budget and finance management 

·       A proven and demonstrable institutional transformation record in the public or private sector 

·       Practical knowledge of the audit and assurance environment 

·       Sound, visionary and strong leadership and management skills with strategic thinking and decision-making abilities 

·       A good understanding of development agencies 

·       Must have extensive knowledge of the public office environment. 

·       Personal attributes of integrity, honesty, and good interpersonal skills 

Interested parties must forward their applications and enquires to CEO, Ms. Thembisile Khumalo, UMDA, and hand delivered to Lot 5/202, Corner of Jan Smut Avenue and Aloe, Mtubatuba 3935 or post them to uMhlosinga Development Agency, Box 367, St Lucia, 3936. Fax applications will not be accepted. The application must include motivation letter, detailed CV, qualifications and 3 contactable references. 

Shortlisted candidates will be subjected to an interview and a competency assessment before a final decision is made on the successful candidate. The incumbent will be required to sign an employment contract, a performance agreement and disclosure of financial interest. 

The closing date for applications will be 11 August 2026, at 12h00. If you have not heard from UMDA within three (3) months of the closing date, please accept that your application was unsuccessful. UMDA reserves the right not to appoint should the Agency not find suitable candidates. 

UMDA adheres to the National Employment Equity Act and the principles of Equity and Equal Employment Opportunities. 

Thembisile C. Khumalo 

Chief Executive Officer