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STATE DIAMOND TRADER
 
The State Diamond Trader is a state-owned entity established in terms of Section 14 of the Diamonds Amendment Act, 29 of 2005. It is classified as a Schedule 3b entity of the Public Finance Management Act (PFMA). We invite self-motivated and suitably qualified individuals who wish to stand out in their field to apply for the Chief Financial Officer position should they meet the below listed job purpose, minimum requirements, competencies, and key accountabilities.
 
CHIEF FINANCIAL OFFICER 
DEPARTMENT: Finance Department 
REPORTING RELATIONS: Chief Executive Officer 
JOB GRADE: E3 
SALARY BAND: R1,200,000 – R1,526,787 (Cost to Company – negotiable within this salary band) 
 
JOB PURPOSE
The CFO will have primary day-to-day responsibility for providing leadership for planning, implementing, managing, and controlling all financial and accounting activities including formulating and implementing the financial strategy of State Diamond Trader (SDT). This will include direct responsibility for accounting, finance, forecasting, strategic planning, job costing, legal, property management, investor relationships and partnership compliance and financing 
 
 
MINIMUM REQUIREMENTS
• B. Com Degree and a relevant Post Graduate Qualification and or Qualified CA (SA) will be advantageous
• At least 7 years working experience in the accounting field at senior management level.
• Proven knowledge of financial and accounting standards and requisite regulations such as PFMA, IFRS, Treasury Regulations, State Owned Entities Governance Policies and Prescripts. 
 
SKILLS AND COMPETENCES
• Excellent analytical and problem-solving skills;
• Attention to detail;
• Integrity and honesty;
• People leadership and developmental skills;
• Business Acumen;
• Planning and organising skills;
• Finance budgeting and management skills;
• Communication skills;
• Constructive dispute resolution skills;
• Advanced report writing skills; and
• Strategic management and leadership skills.
 
KEY ACCOUNTABILITIES
 
KEY PERFORMANCE AREAS:  Strategic Financial Management of the Business
KEY PERFOMANCE INDICATORS – OUTCOMES:
  • Manage processes for financial forecasting, budgets, consolidation and reporting
  • Advise the Board and Management regarding the SDT’s financial risks
  • Ensure prudent utilisation of funds and expenditure control
  • Provide recommendations to strategically enhance financial performance and business opportunities
  • Provide leadership in the development for the continuous evaluation of short and long-term strategic financial objectives
  • Support the CEO and management by advising on the financial implications of business activities in the execution of their functions in terms of the Public Finance Management Act and other related legislation
  • Ensure that effective internal and external controls are in place and ensure compliance with GAAP and all applicable laws and rules for financial and tax reporting
 
KEY PERFORMANCE AREAS: Strategic Management of Supply Chain Management Processes
KEY PERFOMANCE INDICATORS – OUTCOMES:
  • Ensure that a procurement plan for the financial year linked to the approved budget is approved
  • Ensure that all supply chain management processes are in line with applicable legislation
  • Ensure that the entity has an updated asset register
 
KEY PERFORMANCE AREAS: Finance Department Policies
KEY PERFOMANCE INDICATORS – OUTCOMES:
  • Produce Finance Department policies to be approved by the Board
  • Ensure that SDT employees are work shopped in all Board approved policies
 
KEY PERFORMANCE AREAS: Auditing
KEY PERFOMANCE INDICATORS – OUTCOMES:
  • Produce and monitor the internal audit plan and ensure it is implemented with clean findings
  • Produce and monitor the external audit plan and ensure it is implemented with clean findings
 
KEY PERFORMANCE AREAS: Finance Team Management
KEY PERFOMANCE INDICATORS – OUTCOMES:
  • Lead, mentor, and coach the Finance Department team to achieve departmental and organisational strategic objectives
  • Using the entity’s Performance Management Policy, set annual targets and assess the Finance Department team’s annual performance
 
 


APPLICATIONS
An application letter, detailed CV, qualifications copies, and ID copy must be forwarded to: The Human Resources Manager, email hr@statediamondtrader.gov.za. 
Applications without above listed documents will not be considered
 
ENQUIRIES
Contact the Human Resources Manager Mr Nkosinathi Mabaso, Tel 011 334 2691 or nkosinathim@statediamondtrader.gov.za.  
 
Closing Date: 24 June 2022

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