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KZN GROWTH FUND - CHIEF FINANCIAL OFFICER
KZN GROWTH FUND
CHIEF FINANCIAL OFFICER
SALARY: MARKET RELATED
The KZN Growth Fund Trust ("KGFT") is an entity of the Kwa-Zulu Natal Provincial Government through the Department of Economic Development, Tourism and Environment Affairs (EDTEA). Its mandate is to finance private sector projects that drive economic growth, stimulate job creation, promote broad based black economic empowerment (B-BBEE) and reduce inequality.
Reporting to the CEO, this is an opportunity for a suitably qualified senior executive to lead the finance and administration function of the KZN Growth Fund Trust. The incumbent will provide effective professional leadership, and ensure the establishment and implementation of sound financial management, accounting, procurement and internal control systems and processes, for KGFT, in compliance with IFRS, PFMA, and other relevant legislative requirements.
The ideal individual will be responsible for: • Develop short- and long-term strategic financial objectives for the Trust, in line with overall business strategy; • Direct and oversee all aspects of the financial management, accounting and reporting functions of the Trust • Effectively manage financial aspects of the Trust's project loan portfolio; • Provide financial advice and support to the CEO;• Provide financial reporting to the Board and Sub-Committees; • Manage and minimise the company's financial risk exposure by maintaining an effective system of internal controls in liaison with the relevant assurance providers;
• Accurate financial reporting in accordance with the relevant regulatory requirements and international standards; • Provide EXCO with advice on the financial implications of business activities, and provide consultative support to planning initiatives through financial and management information analysis, reports and recommendations; • Oversee the outsourced IT and facilities management function; • Liaise with external auditors and attends to audit queries. • Management of supply chain management • Manage the process of preparation of annual financial statement and review • Manage the safe guarding of assets • Review and drafting of policies and procedures • Ensure quarterly reports are accurate and submitted to EDTEA and Treasury timeously • Manage finance team and performance reviews • Provide input on Debt and Equity portfolio • Provide guidance, leadership in finance and organisation.
The following minimum requirements must be met in order to be considered for this position: • Chartered Accountant or equivalent with at least 10 years' post-qualification experience • Minimum 5-7 years' financial management experience at senior management and/or executive level within the banking environment or associated fields, preferably with experience in project finance/development finance/investment banking • Advanced knowledge of international financial reporting standards • Knowledge of PFMA legislation and Treasury Regulations • Strong excel skills and financial modelling expertise will be an added advantage • Acumen and experience to manage and interact with key stakeholders at senior level, Board and other relevant Board subcommittees, including business, project sponsors, professional and entrepreneurial individuals • Advanced knowledge and understanding of accounting principles, Commercial law, and all related compliance legislation including the Public Finance Management Act and FAIS. • Good understanding and knowledge of the formulation and implementation of policies and procedures.
The following minimum requirements must be met in order to be considered for this position: • Chartered Accountant or equivalent with at least 10 years' post-qualification experience • Minimum 5-7 years' financial management experience at senior management and/or executive level within the banking environment or associated fields, preferably with experience in project finance/development finance/investment banking • Advanced knowledge of international financial reporting standards • Knowledge of PFMA legislation and Treasury Regulations • Strong excel skills and financial modelling expertise will be an added advantage • Acumen and experience to manage and interact with key stakeholders at senior level, Board and other relevant Board subcommittees, including business, project sponsors, professional and entrepreneurial individuals • Advanced knowledge and understanding of accounting principles, Commercial law, and all related compliance legislation including the Public Finance Management Act and FAIS. • Good understanding and knowledge of the formulation and implementation of policies and procedures.
KZN GROWTH FUND TRUST EMBRACES THE PRINCIPLES OF THE EMPLOYMENT EQUITY ACT.
THE APPOINTMENT WILL BE MADE IN LINE WITH KGFT'S EMPLOYMENT EQUITY PLAN.
Correspondence will be limited to short-listed candidates. Late applications will not be considered.
Email users are requested to set the delivery option on both "return receipt" and "confirm delivery".
If you have not been contacted within 30 days of the closing date of the advertisement, please accept that your application has been unsuccessful.
Interested applicants should forward a motivation letter of how each of the entry requirements are met, a detailed CV, certified copies of qualifications and ID document to: Precious@kzngf.co.za
CLOSING DATE: 18 May 2020