Picture
 
SOUTH AFRICAN BROADCASTING CORPORATION (SABC)
 
Division: Commercial Enterprise
Job Title : General Manager: Finance
Scale Code: 120
Report Line : Chief Financial Officer
Position ID: 60000469    
 
5 YEARS FIXED TERM CONTRACT 
          
MAIN PURPOSE OF POSITION
To develop, manage and maintain sound financial management systems, processes and structures mitigate against financial risk, ensure compliance with governance requirements, timeous and accurate financial reporting, to enable informed decision making by stakeholders.
 
 
KEY ACCOUNTABILITIES
  • Conduct internal business review analysis to guide strategic input and strategy development.
  • Provide strategic direction to the Division in terms of defining objectives, strategy and development of business models to be implemented.
  • Monitor and ensure that business plans comply with SABC’s guidelines and policies.
  • Cascade strategy to Finance Departments within the Division.
  • Review and Report on the achievement of business units objectives.
  • Manage the strategic business cycle.
  • Manage and ensure compliance and implementation of various strategic plans to guide the corporate plan.
  • Build and maintain strong, sustainable, respected, and trusted relationships with Business Unit management and all other related stakeholders.
  • Monitor the attainability and sustainability of Divisional performance standards as per objectives.
  • Conduct continuous programme, revenue and market reviews in order to meet strategic objectives.
  • Oversee the preparation of the Division’s annual budget within parameters and timelines issued by Finance, including compilation of budget framework for the Division and alignment with strategy.
  • Manage and oversee the effective co-ordination, reporting and accurate maintenance of all the budgets and forecasts in the Division.
  • Ensure the preparation of forecasts that is reliable and with little deviation from actual results as it unfolds.
  • Authorize financial transactions in line with the Delegation of Authority Framework and SABC policies and procedures.
  • Review business unit monthly financial reports and identify and follow up matters of concern, such as cost budget overruns, and prepare a consolidated financial report.
  • Be the champion of a culture of cost discipline and awareness.
  • Monitor the accuracy of fixed asset register.
  • Support and provide up-to-date financial information to Management to enable informed decision making.
  • Monitor and ensure that the value chain for the Division supports the business in the delivery of objectives.
  • Monitor and report on strategic / operational risks and compliance.
  • Implement internal control measures to ensure a strong internal control environment, good governance and compliance.
  • Oversee the management of Operational risks to protect organisational integrity, create value, prevent financial loss and ensure compliance with applicable policies and legislations. 
  • Review and implement Risk Management Plan in line with organizational  Risk Framework (COSO Model):
  • Monitor execution of annual internal and external audits and ensuing findings address gaps and ensure execution of mitigation strategies.
  • Drive constant innovation in the engagement of the Finance Department with technology and its transition in a world of rapid change and advancement where it is expected to be a value adding business partner.
  • Support Group Finance in all transversal initiatives, projects or operational deliverables, reporting requirements,
  • Plan and execute cashflow management and forecasting under the guidance of and in consultation with the Treasury Department.
  • Evaluate all business plans in the context of compliance to SABC’s guidelines and policies.
  • Effective implementation of Performance Management System in accordance with organizational policy and procedures.
  • Ensure adequate staffing for workload, succession planning and effective leadership.
  • Career Development Plans (CDP) for all staff members.
  • Provide direction on the retention and attraction of staff
  • Support, lead and partake in OHSA initiatives and requirements.
​

​
MINIMUM REQUIREMENTS AND EXPERIENCE
  • Minimum B Com Honours with articles. CA (SA) will be advantages.  
  • Minimum 8 Years’ experience in Finance, of which minimum 5 years should be on Middle Management Level. 
  • Additional requirements to the job
  • Business planning and complexity theory
  • Budget management and forward scenario planning
  • PFMA and relevant national treasury regulations
  • Strategic management
  • Asset Management
  • Management information systems
  • Financial accounting standards
  • Scenario planning and Trend analysis
  • Understanding of the different role players within the broadcasting landscape
  • Project management
  • Understanding of applicable legislative frameworks and regulations
 
CLOSING DATE:  15 October 2019