SOUTH AFRICAN POST OFFICE (SAPO) - CHIEF FINANCIAL OFFICER (POSITION BASED IN PRETORIA)

 
Financial/ Operational
• Manage the Finance and Treasury function of the bank and related risk management, including ALM and ALCO
• Evaluate and manage the bank’s capital structure and advice on investment strategies.
• Ensure efficient management of company resources in accordance with the stipulations of relevant legislation, including Banks Act, PFMA, Companies Act, Income Tax Act, IFRS principles and others
• Ensure cost effective financial systems, internal control systems, policies and procedures, management and support functions are designed and implemented to improve the overall operations and effectiveness of the bank and safeguard the bank’s assets.
• Ensure proper controls, timeliness and accuracy of expenditure and cash flow management, month end, quarterly and year end closings, as well as other financial areas.
• Ensure supporting documentation is available and stored as per regulatory requirements
• Coordinate the preparation of financial statements, financial reports, special analysis and information reports and presentations for financial, strategy and board meetings
• Monitor and measure progress against set budgets and financial plans for entire bank, highlight areas for EXCO and Board focus/ further action
• Liaise with internal and external auditors to ensure that integrated financial systems are in place and compliant with standard accounting principles and procedures
• Support business by providing financial models and/or finance reviews of business cases and tactical plans
• Ensure statutory and regulatory reporting is of high quality and submitted within required timeframes
• Act as a key interface with the SA reserve Bank and other regulators to ensure that all regulations are complied with and that regulatory reports are timeously submitted
• Manage SLAs and other contractual agreements with internal and external stakeholders / customers / suppliers to ensure optimal efficiency and synergies are achieved
 
People Management
• Manage performance of direct reportees ensuring agreement of annual goals, measuring performance against agreed goals and dealing with non-performance accordingly
• Talent management of direct reports, including career development and paths for all staff and succession planning for key positions.
• Ensure that staff receive adequate and relevant training to support their careers, including providing thought leadership around changes and trends in the finance environment
• Ensure that the working environment contributes to improving staff morale and increased productivity
• Alignment to the bank’s transformation objectives through departmental processes
 

 
Minimum Requirements
• Relevant postgraduate financial degree, CA (SA). A MBA / MBL/ Master’s degree in finance or equivalent will be an added advantage.
• At least 10 years post qualification experience in a similar position, preferably in banking industry
 
Knowledge and understanding of:
• Thorough understanding of banking practices and the associated risk management thereof, Banking industry platforms and standards, Extensive knowledge of Corporate Governance, Commercial awareness, Thorough knowledge and understanding of financial systems, Thorough knowledge of Financial Management, Good knowledge of Treasury risk management, processes and procedures, Excellent knowledge of International Financial Reporting Standards and Banking Regulations, Risk and Compliance Management, Value Chain Management, Project Management principles and practices, Good understanding of Government related acts (PMFA, Banks Act, Companies Act, Income Tax Act etc)
 
Skills and Attributes
• Strong leadership skills with ability to interact and influence at all levels, Good business acumen, Ability to think strategically, Excellent problem solving and analytical skills, Excellent negotiation skills, Good interpersonal and presentation skills, Good project management skills, Good people management skills, Sound financial skills, Strong business systems and process experience, Excellent presentation and delivery skills, Good knowledge of data analysis, Good risk management skills, Organisation and planning
• High attention to detail, Visionary, Lateral thinker, Analytical and critical thinking, Decisive, Persuasive and influential, Resilient, Able to work under pressure, High level of emotional intelligence, Effective communicator, Learning agility, High level of Integrity, Strong sense of ethics and fairness.
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CONTACTS
Candidates will be subjected to a fit and proper assessment in line with that required of executive positions.
 
The South African Postbank SOC Limited is committed to the achievement and maintenance of diversity and equity in employment, especially with regard to race, gender and disability. In compliance with the banks employment equity plans, first preference will be given to candidates from designated groups. Correspondence will be limited to short listed candidates only. 
 
If you wish to apply, please forward your Curriculum Vitae (CV) to RecruitmentSN@Postbank.co.za.  
Please indicate in the subject line the position you are applying for. 
 
Closing date: 29th January 2021 
 
Position: 60034311
Cost Centre: 50800
 
(Candidates previously interviewed by the panel will automatically be considered)
 
If you do not hear from the South African Postbank SOC Limited or its Agent within 3 months of this advertisement, please accept that your application has been unsuccessful. The South African Postbank SOC Limited reserves the right not to fill the positions or to re-advertise the positions at any time.