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EASTERN CAPE DEVELOPMENT CORPORATION (ECDC)
 
CHIEF FINANCIAL OFFICER - 5 YEAR CONTRACT
GRADE 22 (Total Cost to Company)
 
Reporting to the Chief Executive Officer (CEO), the Chief Financial Officer (CFO) will provide Executive Management, Audit, Risk & Compliance Committee and the Board with reliable, consolidated financial information; manage and safeguard the corporation’s assets (liquid, current and non-current); provide leadership and strategic advice; implement financial controls in accordance with recognised and accepted financial standards and prescribed regulations and exude astute and prudent financial management in guiding the corporation towards sustainability.
 
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KEY DUTIES AND RESPONSIBILITIES
The Key Performance Areas will encompass:
  1. As a custodian of the PFMA and accompanying regulations, the CFO shall be responsible for overseeing the development and implementation of the ECDC group financial accounting, management accounting, consolidated reporting and procurement policies and procedures.
  2. Provide leadership on the long-term sustainability and commercial viability of the corporation in implementing the strategy.
  3. Facilitating delivery of financial and administrative support services, particularly Financial Control, Budget and Forecasting, Revenue Collection and Recording, Supply Chain Management and Financial Processes.
  4. Preparing and presenting the ECDC financial statements including its subsidiaries and liaising with both the internal and external auditors.
  5. Ensuring that ECDC maintains a positive audit outcome.
  6. Developing and maintaining relationships with stakeholders, banks, investors, insurers, and others.
  7. Managing the Finance Business Unit and its employees.
  8. Oversee the insurance and related risk management across the organisation.
 
MINIMUM REQUIREMENTS
  1. A qualified Chartered Accountant.
  2. 10 years’ experience of which 5 years must be at senior management level, 5 years within a development finance institution, private sector, or parastatal.
  3. Extensive knowledge of IRFS, GAAP, PFMA, Treasury Regulations, Companies Act and other relevant legislation.
 
Technical requirements:
  1. Must have practical knowledge and experience in internal and external audits, IT Governance and due diligence processes and procedures.
  2. Extensive experience in sustainability and commercialisation initiatives.
  3. Must have knowledge of financial reporting, management accounting principles, and treasury functions.
  4. Additionally, the successful candidate must possess the following competences:
  • ​Management skills and accountability
  • Strategic orientation and results driven
  • Astute leadership aptitude
  • Ability to make decisions and apply independent judgement
  • Excellent financial reporting skills
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This is a 5-year fixed term appointment, and the successful candidate will be subjected to signing a performance contract. Candidates that meet the outlined requirements should submit their applications along with a detailed CV with at least three contactable references, certified copies of educational qualifications and identity document. Shortlisted candidates will be required to attend interviews as well as other assessments. If you have not been contacted within 8 weeks after the closing date of the advertisement, please regard your application as unsuccessful.
 
In making these appointments, ECDC reserves the right to apply the principles enshrined in the Employment Equity Act, its policies, and plans. Female candidates are encouraged to apply.
 
All submissions to be sent to: Talent Consultant Tel: 043 704 5783
Email: humanresources@ecdc.co.za
 
Closing date: 15 March 2022