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HOUSING DEVELOPMENT AGENCY (HDA) - MANAGER: PROJECT FINANCE
HOUSING DEVELOPMENT AGENCY (HDA)
The Housing Development Agency (HDA) is a national public sector development agency that acquires and prepares land as well as develop the land and project manage the development of housing and human settlements. We carry out our activities in partnership with a range of stakeholders including national, provincial and local government and municipalities, as well as with communities, developers, financiers and other affected parties. Established in 2009, the Agency was established by an Act of Parliament in 2008 and is accountable through its Board to the Minister of Human Settlements. For more information about the HDA, please visit our website: www.thehda.co.za.
The HDA has the following three-year fixed-term contract position:
MANAGER: PROJECT FINANCE
REPORTING LINE: SENIOR FINANCE MANAGER
Ref: MPF/2021
Main Purpose: To ensure the project finances are appropriately managed, reported on and are compliant to ensure the overall financial success of the HDA’s mandate.
Key Performance Areas:
1. Governance and Administration:
• Manage good governance and compliance with audit, as well, as legislative requirements.
• Liaise with internal and external auditors.
• In collaboration with the CFO, develop policies and procedures for project value management to improve infrastructure delivery and to avoid a one size fits all situation.
• Manage the overall project finances to ensure they are run effectively and that accurate financial information is provided.
• Build relations with the project value chain from project identification to final execution.
• Collaborate with the risk teams to ensure a robust fiscal risk management mechanism.
• Examine, evaluate and cost the allocation of risks.
• Evaluate commercial approaches to problem-solving in collaboration with the CFO with a focus on cost-effectiveness rather than enabling politically oriented decision making.
Key Performance Areas:
1. Governance and Administration:
• Manage good governance and compliance with audit, as well, as legislative requirements.
• Liaise with internal and external auditors.
• In collaboration with the CFO, develop policies and procedures for project value management to improve infrastructure delivery and to avoid a one size fits all situation.
• Manage the overall project finances to ensure they are run effectively and that accurate financial information is provided.
• Build relations with the project value chain from project identification to final execution.
• Collaborate with the risk teams to ensure a robust fiscal risk management mechanism.
• Examine, evaluate and cost the allocation of risks.
• Evaluate commercial approaches to problem-solving in collaboration with the CFO with a focus on cost-effectiveness rather than enabling politically oriented decision making.
2. Project Finance Management:
• Conduct due diligence analysis on projects viability.
• Evaluate a pipeline of good projects and related costs to set the motion for upcoming planning (benchmarking).
• Manage monthly reporting of cashflows pertaining to projects.
• Plan, organise and direct the completion of projects within agreed budgets.
• Determine how projects will be financed, including the process to acquire and manage financial resources for the project.
• Manage project budget and ensure no overspending takes place.
• Manage all financial reporting obligations as required by funders.
• Manage monthly reporting of actuals against budgets pertaining to projects.
• Develop a monthly tracking and reconciling system for projects’ capital and operational expenditure.
• Develop a comprehensive monthly cash flow projections’ report.
• Oversee the accurate and timeous transfer of funds for project expenditure when necessary.
• Maintaining projects’ information (contracts, invoices, amendments, etc.) to support ERP system captured data.
3. Financial Reporting for Projects:
• Enforce progress payments to be linked to milestones and verified by an independent expert in consultation with the CFO.
• Manage the accurate allocation of expenses to relevant project cost centres.
• Create feedback loops to learn from the project and develop national good practise to inform costing.
• Manage the completeness, accuracy and timeous processing of project transactions, eg creditors are paid within 30 days.
• Manage bank account balances daily to ensure that there are enough funds in the current account of the projects.
4. Accounts Receivable:
• Review reconciliation of cash book and the bank statement for the requested accounts.
• Review and approve customer invoices monthly.
• Monitor that all leasing agreement’s contracts are appropriately approved before invoices can be issued to customers.
• Review reconciliation of customer statements to Age Analysis.
• Manage timeous submission of statements to customers.
5. Project Funding:
• Manage consultations and collaboration with Project and Development Managers on appropriate structures and requirements relating to funds availed to the HDA projects.
• Provide support in relation to intergovernmental fiscal relations concerns and interests of the HDA.
• Maintain appropriate relations with funders and draft reports as necessary, ensuring compliance with implementation agreements and contracts.
• Manage the draw-down of funds as per available schedule.
• Advise on fiduciary management, in particular ring-fencing budget and subsidy flows.
• Manage debtors’ balances to ensure timeous receipting of funds in accordance with required standards and procedures.
• Review monthly fund reconciliations to ensure fund expenditure is aligned with the implementation protocols.
• Improve transparency and bring hidden costs of projects into open, by developing a financial model for each project.
• Review feasibility studies to assess financial related matters.
2. Project Finance Management:
• Conduct due diligence analysis on projects viability.
• Evaluate a pipeline of good projects and related costs to set the motion for upcoming planning (benchmarking).
• Manage monthly reporting of cashflows pertaining to projects.
• Plan, organise and direct the completion of projects within agreed budgets.
• Determine how projects will be financed, including the process to acquire and manage financial resources for the project.
• Manage project budget and ensure no overspending takes place.
• Manage all financial reporting obligations as required by funders.
• Manage monthly reporting of actuals against budgets pertaining to projects.
• Develop a monthly tracking and reconciling system for projects’ capital and operational expenditure.
• Develop a comprehensive monthly cash flow projections’ report.
• Oversee the accurate and timeous transfer of funds for project expenditure when necessary.
• Maintaining projects’ information (contracts, invoices, amendments, etc.) to support ERP system captured data.
3. Financial Reporting for Projects:
• Enforce progress payments to be linked to milestones and verified by an independent expert in consultation with the CFO.
• Manage the accurate allocation of expenses to relevant project cost centres.
• Create feedback loops to learn from the project and develop national good practise to inform costing.
• Manage the completeness, accuracy and timeous processing of project transactions, eg creditors are paid within 30 days.
• Manage bank account balances daily to ensure that there are enough funds in the current account of the projects.
4. Accounts Receivable:
• Review reconciliation of cash book and the bank statement for the requested accounts.
• Review and approve customer invoices monthly.
• Monitor that all leasing agreement’s contracts are appropriately approved before invoices can be issued to customers.
• Review reconciliation of customer statements to Age Analysis.
• Manage timeous submission of statements to customers.
5. Project Funding:
• Manage consultations and collaboration with Project and Development Managers on appropriate structures and requirements relating to funds availed to the HDA projects.
• Provide support in relation to intergovernmental fiscal relations concerns and interests of the HDA.
• Maintain appropriate relations with funders and draft reports as necessary, ensuring compliance with implementation agreements and contracts.
• Manage the draw-down of funds as per available schedule.
• Advise on fiduciary management, in particular ring-fencing budget and subsidy flows.
• Manage debtors’ balances to ensure timeous receipting of funds in accordance with required standards and procedures.
• Review monthly fund reconciliations to ensure fund expenditure is aligned with the implementation protocols.
• Improve transparency and bring hidden costs of projects into open, by developing a financial model for each project.
• Review feasibility studies to assess financial related matters.
6. People Management:
• Select, assign, lead and manage people.
• Set clear objectives for self and others and measure achievements against these objectives through the implementation of the performance management system.
• Build and manage relationships with staff members.
• Manage and support staff development.
• Develop and manage the implementation of succession plans for key individuals and critical positions.
• Implement the HDA HR policies and procedures as required.
• Manage risks and address issues as they arise.
7. Requirements:
• Qualified CA (SA) or equivalent.
• A minimum of 5 years relevant experience post-registration as a CA in Project Finance, with specific projects cost of approximately R2bn.
• A minimum of 5 years’ management experience.
• The applicant must be able to demonstrate the necessary competencies through experience.
Please forward a relevant CV (Clearly marked with the reference number of the position) in a Microsoft Word format to john@isilumko.co.za.
Conditions of service:
The HDA is an equal opportunity employer ● Appointments will be made in accordance with the HDA Employment Equity policy ● The HDA reserves the right not to make an appointment.
Please do not send certificates, diplomas or testimonials. We thank all applicants for their interest.
Communication will be conducted with short-listed applicants only.
The closing date for applications is 27 June 2021
For enquires please contact John Brouckaert on 011 267 2920