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CENTRAL ENERGY FUND (CEF) VACANCIES
CENTRAL ENERGY FUND (CEF)
INTERNAL AND EXTERNAL
SPECIALIST PROJECT CONTROLS
CEF SOC
CEF is a Schedule 2 state owned diversified energy company reporting to the Department of Mineral Resources and Energy. The Mandate of CEF is to contribute to the security of energy supply of South Africa and the Region through exploration, acquisition, development, marketing and strategic partnership. It is derived from the CEF Act (No 38 of 1977) and the Ministerial directives issued thereafter.
REQUIRED MINIMUM QUALIFICATIONS AND EXPERIENCE
• Minimum 6 – 8 years of which 3 years must be specialist level in Supply Chain / Portfolio Management / Project Management / Investment Management / Supply Chain Management preferably in the Energy, Oil & Gas, and/or Mining Industries.
• Matric (NQF Level 4) and National Diploma (NQF Level 6)/ bachelor’s degree (NQF Level 7)
• Honours / BTech Degree (NQF Level 8) or post graduate diploma (NQF Level 8) as an added advantage.
• Proven experience in project commercial management with relevant contracts (Lump Sum, Unit Rate, Reimbursable, etc.)
• Proven experience in writing and analysing reports and/or submissions intended for shareholders and key stakeholders to inform and recommend business decisions.
DESIRED ADDITIONAL SKILLS/ COMPETENCIES
• Understanding project systems, external and internal governance systems, and applicable legislations and regulations.
• Computer literacy and experience using MS Office Suite / Project Online / SharePoint / Office 365 toolsets.
• Sound knowledge of contractual risk management (identification,
• management & mitigation) will also be beneficial.
• Knowledge of legislation, regulations, policies, processes, and procedures affecting CEF (e.g., PFMA, Treasury Instructions, etc.)
• Strong team leadership and integrity with sound negotiation and influencing skills.
• Determined and resilient, detail-focused, and able to work independently and deliver according to tight timeframes.
• Excellent communication skills and problem-solving skills
KEY PERFORMANCE INDICATORS
Financial Perspective
• Develop budgets and schedules to conform with project requirements and procurement plans;
• Report on budget through meaningful variance reporting
• Initiate cost control by monitoring contract values, duration, and purchase orders;
• Prevent unauthorized irregular and wasteful expenditures relating to project activities;
• Oversee and report performance and progress through analytical techniques to validate cost and performance
Internal Business Processes Perspective – Administration, Control, Benchmarking & Best Practice
• Development and implementation of the CEF Project Systems (i.e. frameworks, guidelines, processes, policies, standard operating procedures (SOPs), templates, and tools) to improve portfolio and project management practices, based on national and international benchmarks
• Support and coordinate project management through analytical, problem-solving, and decision-making skills
• Ensure that projects are well-documented, monitored, and reported;
• Ensure the Annual, Quarterly, and Monthly project and procurement plans are compiled and archived;
• Compile consolidated project/portfolio reports and present them to EXCO and Board (including its sub-committees) and stakeholders;
• In liaison with the IT and other stakeholders, develop an archive system (SharePoint & Power BI) for Project Management Templates for different types of Projects
• As a significant lever, will be responsible for driving and implementing sustainable change and directly supporting the Project Owners/Project Managers-
• Monitor project milestones
• Develop and track KPIs/dashboards
• Map key implementation gaps and manage interdependencies;
• Devise means of achieving outputs while staying within budget constraints;
• Develop and maintain management plans per contract guidelines;
• Monitor project execution to achieve maximum effectiveness;
• Develop project breakdown structure and graphical representations to analyze project progress and challenges;
• Coordinate the risk, and audit plans, to identify new risks and develop appropriate controls;
• Mitigation of risks by minimizing commercial risk through accountability of major project decisions;
• Oversee the development and implementation of the change management system to support successful project implementation;
• Apply appropriate legislation, regulations, policies, and procedures to the project control environment to ensure compliance
Internal Business Processes Perspective – Project Management
• Develop templates and guidelines, based on national and international best practices, for scheduling CEF programs and projects, customized for different functional areas
• Liaise with Project Managers and/or Cost Controllers/Cost Engineers/ Quantity Surveyors to provide regular updates on the Project spending, progress (budget vs actual) per each project milestone, and overall project;
• Ensure that all CEF projects and portfolios:
• Provide regular reports on project and portfolio performance, forecasts, and scenarios to the GM: PMU and other GMs (GM: Investment Management & Business Development & GM: Energy Projects Division)
Internal Business Processes – Procurement Planning
• Prepare various specific approval requests for approval by the Procurement Committees (PCs) and/or Executive Committee (EXCO), Board
• Engage as necessary with transactional advisors and specialist advisory services to effectively plan procurement
• List contracts, duration and values, and initiate change management processes as required
• Engage in negotiation to support procurement planning
Stakeholder Management Perspective
• Oversee the appointment of consultants and transactional advisors and finalization of the Terms of Engagement and Work Schedules;
• Collaborate with valuation consultants as related to the project control environment;
• Provide quality strategic inputs in relevant management and other forums drawing on specialist area skill sets;
• Interact meaningfully with relevant stakeholders to convey compelling motivations for collaborative projects management and control;
• Advise and provide professional support to designated project and other parties to execute on their accountabilities within guidelines set by GM Projects;
• Maintain professional contact with finance teams on an ongoing regular basis to understand underlying operating environment issues and events on-site to enable the formulation of value-added financial/accounting and reporting advice;
• Work collaboratively with finance, project, and other teams to implement general and specific accountabilities relating to project controls and reporting
Learning & Growth Perspective
• Identify skills and/or knowledge gaps and identify courses, workshops, training events for continuous improvement
• Strive to meet performance objectives by understanding the importance and urgency of tasks/projects, and by applying knowledge, skills and experience toward task accomplishment to the benefit of the team, department and/or organization
• Ensure levels of self-knowledge, -skill and -competence are in place to meet financial modelling and business intelligence objectives, and to contribute meaningfully toward organisational goals
Closing Date: 20 July 2023
Please submit a detailed Curriculum Vitae to SpecialistProjectControls@cefgroup.co.za
NOTE: The successful candidate/s for the advertised position/s will be required to undergo personnel suitability checks, which includes, criminal records, citizenship, financial checks, qualifications and previous employment (Reference checks). It is the responsibility of the applicant to make sure that foreign qualifications are evaluated by the South African Qualifications Authority and the evaluation certificate is attached to the application on submission. If you do not hear from the CEF SOC three months after the closing date of the advertisement, consider your application unsuccessful. CEF SOC reserves the right to not fill this position. CEF SOC is an equal employment opportunity and affirmative action employer and it is committed to the achievement and maintenance of diversity and equity in employment, especially in respect of race, gender and disability. This position will be filled in accordance with the CEF SOC Employment Equity Plan.
INTERNAL AND EXTERNAL
SPECIALIST PROJECT CONTROLS
CEF SOC
CEF is a Schedule 2 state owned diversified energy company reporting to the Department of Mineral Resources and Energy. The Mandate of CEF is to contribute to the security of energy supply of South Africa and the Region through exploration, acquisition, development, marketing and strategic partnership. It is derived from the CEF Act (No 38 of 1977) and the Ministerial directives issued thereafter.
REQUIRED MINIMUM QUALIFICATIONS AND EXPERIENCE
• Minimum 6 – 8 years of which 3 years must be specialist level in Supply Chain / Portfolio Management / Project Management / Investment Management / Supply Chain Management preferably in the Energy, Oil & Gas, and/or Mining Industries.
• Matric (NQF Level 4) and National Diploma (NQF Level 6)/ bachelor’s degree (NQF Level 7)
• Honours / BTech Degree (NQF Level 8) or post graduate diploma (NQF Level 8) as an added advantage.
• Proven experience in project commercial management with relevant contracts (Lump Sum, Unit Rate, Reimbursable, etc.)
• Proven experience in writing and analysing reports and/or submissions intended for shareholders and key stakeholders to inform and recommend business decisions.
DESIRED ADDITIONAL SKILLS/ COMPETENCIES
• Understanding project systems, external and internal governance systems, and applicable legislations and regulations.
• Computer literacy and experience using MS Office Suite / Project Online / SharePoint / Office 365 toolsets.
• Sound knowledge of contractual risk management (identification,
• management & mitigation) will also be beneficial.
• Knowledge of legislation, regulations, policies, processes, and procedures affecting CEF (e.g., PFMA, Treasury Instructions, etc.)
• Strong team leadership and integrity with sound negotiation and influencing skills.
• Determined and resilient, detail-focused, and able to work independently and deliver according to tight timeframes.
• Excellent communication skills and problem-solving skills
KEY PERFORMANCE INDICATORS
Financial Perspective
• Develop budgets and schedules to conform with project requirements and procurement plans;
• Report on budget through meaningful variance reporting
• Initiate cost control by monitoring contract values, duration, and purchase orders;
• Prevent unauthorized irregular and wasteful expenditures relating to project activities;
• Oversee and report performance and progress through analytical techniques to validate cost and performance
Internal Business Processes Perspective – Administration, Control, Benchmarking & Best Practice
• Development and implementation of the CEF Project Systems (i.e. frameworks, guidelines, processes, policies, standard operating procedures (SOPs), templates, and tools) to improve portfolio and project management practices, based on national and international benchmarks
• Support and coordinate project management through analytical, problem-solving, and decision-making skills
• Ensure that projects are well-documented, monitored, and reported;
• Ensure the Annual, Quarterly, and Monthly project and procurement plans are compiled and archived;
• Compile consolidated project/portfolio reports and present them to EXCO and Board (including its sub-committees) and stakeholders;
• In liaison with the IT and other stakeholders, develop an archive system (SharePoint & Power BI) for Project Management Templates for different types of Projects
• As a significant lever, will be responsible for driving and implementing sustainable change and directly supporting the Project Owners/Project Managers-
• Monitor project milestones
• Develop and track KPIs/dashboards
• Map key implementation gaps and manage interdependencies;
• Devise means of achieving outputs while staying within budget constraints;
• Develop and maintain management plans per contract guidelines;
• Monitor project execution to achieve maximum effectiveness;
• Develop project breakdown structure and graphical representations to analyze project progress and challenges;
• Coordinate the risk, and audit plans, to identify new risks and develop appropriate controls;
• Mitigation of risks by minimizing commercial risk through accountability of major project decisions;
• Oversee the development and implementation of the change management system to support successful project implementation;
• Apply appropriate legislation, regulations, policies, and procedures to the project control environment to ensure compliance
Internal Business Processes Perspective – Project Management
• Develop templates and guidelines, based on national and international best practices, for scheduling CEF programs and projects, customized for different functional areas
• Liaise with Project Managers and/or Cost Controllers/Cost Engineers/ Quantity Surveyors to provide regular updates on the Project spending, progress (budget vs actual) per each project milestone, and overall project;
• Ensure that all CEF projects and portfolios:
- have accurate and up-to-date schedules, including budgets, cash flows, and resource plans
- comply with the quality standards set, including ensuring that technical support and guidance is provided to CEF portfolio and project managers in the planning and scheduling process
- comply with the requirements of the control environment set, including conducting regular checks on project and portfolio compliance and ensuring that corrective action is undertaken in the compliance areas identified for improvement
- project and portfolio schedules are regularly updated, including conducting regular quality checks and ensuring that corrective action is undertaken;
• Provide regular reports on project and portfolio performance, forecasts, and scenarios to the GM: PMU and other GMs (GM: Investment Management & Business Development & GM: Energy Projects Division)
Internal Business Processes – Procurement Planning
• Prepare various specific approval requests for approval by the Procurement Committees (PCs) and/or Executive Committee (EXCO), Board
• Engage as necessary with transactional advisors and specialist advisory services to effectively plan procurement
• List contracts, duration and values, and initiate change management processes as required
• Engage in negotiation to support procurement planning
Stakeholder Management Perspective
• Oversee the appointment of consultants and transactional advisors and finalization of the Terms of Engagement and Work Schedules;
• Collaborate with valuation consultants as related to the project control environment;
• Provide quality strategic inputs in relevant management and other forums drawing on specialist area skill sets;
• Interact meaningfully with relevant stakeholders to convey compelling motivations for collaborative projects management and control;
• Advise and provide professional support to designated project and other parties to execute on their accountabilities within guidelines set by GM Projects;
• Maintain professional contact with finance teams on an ongoing regular basis to understand underlying operating environment issues and events on-site to enable the formulation of value-added financial/accounting and reporting advice;
• Work collaboratively with finance, project, and other teams to implement general and specific accountabilities relating to project controls and reporting
Learning & Growth Perspective
• Identify skills and/or knowledge gaps and identify courses, workshops, training events for continuous improvement
• Strive to meet performance objectives by understanding the importance and urgency of tasks/projects, and by applying knowledge, skills and experience toward task accomplishment to the benefit of the team, department and/or organization
• Ensure levels of self-knowledge, -skill and -competence are in place to meet financial modelling and business intelligence objectives, and to contribute meaningfully toward organisational goals
Closing Date: 20 July 2023
Please submit a detailed Curriculum Vitae to SpecialistProjectControls@cefgroup.co.za
NOTE: The successful candidate/s for the advertised position/s will be required to undergo personnel suitability checks, which includes, criminal records, citizenship, financial checks, qualifications and previous employment (Reference checks). It is the responsibility of the applicant to make sure that foreign qualifications are evaluated by the South African Qualifications Authority and the evaluation certificate is attached to the application on submission. If you do not hear from the CEF SOC three months after the closing date of the advertisement, consider your application unsuccessful. CEF SOC reserves the right to not fill this position. CEF SOC is an equal employment opportunity and affirmative action employer and it is committed to the achievement and maintenance of diversity and equity in employment, especially in respect of race, gender and disability. This position will be filled in accordance with the CEF SOC Employment Equity Plan.
INTERNAL AND EXTERNAL
SPECIALIST FINANCIAL MODELLING AND BUSINESS
INTELLIGENCE
CEF SOC
CEF is a Schedule 2 state owned diversified energy company reporting to the Department of Mineral Resources and Energy. The Mandate of CEF is to contribute to the security of energy supply of South Africa and the Region through exploration, acquisition, development, marketing and strategic partnership. It is derived from the CEF Act (No 38 of 1977) and the Ministerial directives issued thereafter.
REQUIRED MINIMUM QUALIFICATIONS AND EXPERIENCE
• Minimum 6 – 8 years in Portfolio Management / Project Management / Investment Management with relevant experience, preferably in the Energy, Oil & Gas, and/or Mining Industries.
• Matric (NQF Level 4) and National Diploma (NQF Level 6)/ bachelor’s degree (NQF Level 7) in Engineering / Quantity Surveying / Construction Management / Business Management / Commerce
• Honours / BTech Degree (NQF Level 8) or post graduate diploma (NQF Level 8) as an added advantage.
• Portfolio Management / Project Management / Investment Management with relevant experience, preferably in the Energy, Oil & Gas, and/or Mining Industries.
• Proven experience in developing, interpreting, and analysing financial models (Projects and Investment) that inform investment decisions.
• Proven experience in writing and analysing reports and/or submissions intended for shareholders and key stakeholders to inform and recommend business decisions.
• Professional Qualification, Accreditation, or Membership as a Financial Modelling and Valuation Analyst (FMVA) or Commercial Banking and Credit Analyst or equivalent with a recognized professional body (i.e., CFI, CFA, etc.)
DESIRED ADDITIONAL SKILLS/ COMPETENCIES
• Understanding project systems, external and internal governance systems, and applicable legislation and regulations.
• Computer literacy and experience using MS Office Suite / Project Online / SharePoint / Office 365 toolsets to support Project delivery.
• Ability to track project metrics and advise on business decisions.
• Complete understanding of relevant company financial reports, procedures for payments, monthly cash flow reports, project reporting, and project reporting experience.
• Demonstrated ability to develop and manage transparent and effective reporting systems
KEY PERFORMANCE INDICATORS
Financial Perspective
• Research, benchmark, recommend, and implement (if approved) comprehensive budget, forecast solutions, etc.
• Estimate project portfolio and projections;
• Analyze and present financial and accounting information when evaluating initiatives, projects, transactions, and/or investments;
• Balance portfolio between profit-making and non-profit-making initiatives, projects, transactions, and/or investments;
• Plan, monitor, and report initiatives, projects, transactions, and/or investments;
• Assess the strategic fit and/or align project portfolio with strategic requirements;
• Update and periodically archive financial models after each earnings rollout or other similar corporate actions;
• Assess viability and ‘do-ability’ and/or desktop analysis of initiatives, projects, transactions, and/or investments and make recommendations to GM: Project Management Unit;
• Pilot project with clear scope and deliverables
Internal Business Process Perspective – Financial Modelling
• Research, assess, and develop (if approved) financial models (in relevant platforms) based on historical information and benchmark with other available industry-specific operating metrics and make recommendations
• Ensure that the latest best practices/ benchmarks are used in developing Financial Models for analysis of initiatives, projects, transactions, and/or investments and make recommendations to relevant stakeholders;
• Conduct scenario analysis based on microeconomic and macroeconomic factors to assess business risk
• Analyze and identify data required to support model tracking;
• Evaluate companies using various financial valuation methods, such as DCF, comparable company analysis, and capital structure analysis;
• Ensure the new models’ accuracy while enhancing the quality of existing models;
• Recommend and implement process improvement measures.
• Identify key financial and non-financial risks and advise mitigation plans;
• Conduct scenario and sensitivity analysis with the intent to support investment activities; and
• Update the financial models after each acquisition, partnership, earnings rollout/dividend pay-outs and/or other similar corporate events.
Internal Business Processes Perspective – Business Intelligence
• Research, assess, and develop (if approved) Business Intelligence (BI) platforms/solutions/systems;
• Collaborate with team members and/or cross functional teams and/or external consultants and specialists for the purpose of collecting data and executing the company’s mission;
• Analyse business requirements and processes and make recommendations to executive management for implementation;
• Provide reports through office applications to improve business processes;
• Create and maintain documentation that includes the design, requirements and user manuals;
• Identify the development needs for the purpose of streamlining and improving the operations of collaborative projects and joint ventures for efficiency and profitability
• Ensure that the BI platforms/solutions/systems are
- Providing accurate and up-to-date schedules, including budgets, cash flows, and resource plans
- Complying with the quality standards set, including ensuring that technical support and guidance is provided
- Regularly updated, including conducting regular quality checks and ensuring that corrective action is undertaken
Internal Business Process Perspective – Performance Management
Research, assess, and develop (if approved) Business Intelligence (BI) platforms/solutions/systems for:
• Hosting CEF’s Project Systems (i.e., frameworks, guidelines, processes, policies, standard operating procedures (SOPs), templates, and tools)
• Templates for different types of Projects (Contracts, Processes, Concept Reports, Business Case templates
• Tracking the performance of each project at various phases and raising concerns to the GM: Project Management Unit (GM: PMU) and respective Project Leads
• Archiving system (SharePoint & Power BI) for Project Management
In liaison with various stakeholders:
• analyse the project portfolio (monitor the sequencing of current and proposed projects, note relationships or interdependencies between projects, scope, etc.) and formulate recommendations regarding project schedule, funding, and optimization to maximize the benefits best realized
• administer a dashboard to track the performance of each project at various phases; and create platforms for knowledge management
Internal Business Processes Perspective – Project Management
• As a significant lever, will be responsible for driving and implementing sustainable change and directly supporting the Project Managers to monitor project milestones or KPIs /dashboards;
• Project Specific Support for projects implemented under other General Managers (GMs),
• Project Scheduling and Controlling support (MS Projects, Primavera).
• Performing site inspections to obtain an understanding of the major assets, how they are being used with the business, and for discussion of future plans for the assets;
• Assess, monitor and reports:
- timing and quality of cash flows,
- debt-service coverage ratios
Internal Business Process Perspective – Business Analysis Planning
• Assist in performing financial benchmark that includes reporting of major performance indicators;
• Identifying critical assumptions and facts that underline valuation estimates and provides alternative approaches as required
• Creating progressive financial models that capture the future operating, investing and financing activities, and helps clients determine future profitability, financial position, and risk
• Preparing robust business planning or transaction models by applying detailed understanding of commercial practicalities, accounting and finance knowledge, technical ability, quantitative analysis, and logic
Stakeholder Management Perspective
• Collaborate with external and internal stakeholders, valuation consultants and prepare:
• Annual valuation of “target company” and perform audit financial modelling, business intelligence and reporting;
• Quality strategic inputs in relevant management;
• Convey compelling motivations for collaborative projects and associated funding applications.
• Advise and provide professional support to designated project and other parties to execute on their accountabilities within guidelines set by GM Projects
• Maintain professional contact with finance teams on an ongoing regular basis to understand underlying operating environment issues and events on site to enable the formulation of value-added financial/accounting and reporting advice.
Learning & Growth Perspective
• Identify skills and/or knowledge gaps and identify courses, workshops, training events for continuous improvement
• Strive to meet performance objectives by understanding the importance and urgency of tasks/projects, and by applying knowledge, skills and experience toward task accomplishment to the benefit of the team, department and/or organization
• Ensure levels of self-knowledge, -skill and -competence are in place to meet financial modelling and business intelligence objectives, and to contribute meaningfully toward organisational goals
Closing Date: 20th July 2023
Please submit a detailed Curriculum Vitae to SpecialistFMBI@cefgroup.co.za
NOTE: The successful candidate/s for the advertised position/s will be required to undergo personnel suitability checks, which includes, criminal records, citizenship, financial checks, qualifications and previous employment (Reference checks). It is the responsibility of the applicant to make sure that foreign qualifications are evaluated by the South African Qualifications Authority and the evaluation certificate is attached to the application on submission. If you do not hear from the CEF SOC three months after the closing date of the advertisement, consider your application unsuccessful. CEF SOC reserves the right to not fill this position. CEF SOC is an equal employment opportunity and affirmative action employer and it is committed to the achievement and maintenance of diversity and equity in employment, especially in respect of race, gender and disability. This position will be filled in accordance with the CEF SOC Employment Equity Plan.