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South Africa

Chief Financial Officer (P3)

Company Central University of Technology, Free State
Reference # 212
Published 05/11/2021
Contract Type Contract
5 Years
Salary R 1,913,211.00 - 1,913,211.00 Annually
Location Bloemfontein, Free State, South Africa
Duration 5 Years
Introduction
Main purpose of the job

To support the University’s strategic development, by providing direction and oversight in driving financial and operational performance, by ensuring financial sustainability of the institution in the long term. Furthermore, in providing strong leadership to the finance function, sustaining a culture of high performance and customer service with clearly articulated and agreed goals. The incumbent is expected to challenge the status quo in the planning and delivery of services, driving improvement to the financial operations of the University; and provide support to the Vice-Chancellor and Principal to ensure effective financial management and commercial sustainability of the institution.
Job Functions Academic,Finance,Financial Planning
Industries Academic
Specification
Main tasks
1. Develop financial policies and strategic plans for the section and institution2. Manage the Finance Section, including overseeing the operation of the following units:
•Accounting Services, Assets Management and Financial Reporting
• Supply Chain Management (Procurement, Creditors and Central Stores)
•Student Accounts, Financial Support, Bursaries and Loans
3. Ensure the financial sustainability of the institution in the long term
4. Develop, implement and monitor a budget for the section and the institution
5. Manage the performance and development of staff
6. Provide and present Financial Reports
7. Represent the University at external forums

Nature of appointmentFive-year Executive Manager performance-based contract

Minimum salary scale (Total Cost to Company)R1 913 211 per annum

Note: CUT applies an internal parity model to determine remuneration that complies with the principle of “equal pay for work of equal value”. Accordingly, the preferred candidate may expect an offer that is in line with their qualifications and years of similar experience. Please contact the Recruitment office for more information on the applicable salary scale.
Requirements
Candidates will be recruited and appointed in accordance with the Employment Equity and Affirmative Action Programmes of the Central University of Technology, Free State.

Female candidates, in particular, who meet the stated requirements are encouraged to apply.


Minimum Qualification/ Knowledge and/or Experience

•Chartered Accountant CA (SA) or equivalent, e.g., Chartered Certified Accountant (ACCA).
•8 years relevant experience in a financial environment of which at least 3 years should have been at a senior management level and preferably in a Higher Education environment.
•Good understanding of the latest King report on Corporate Governance
•A business and/or commercial leader operating at Board/Council level
•Excellent technical finance skills and be a confident communicator able to influence across a multifaceted organisation.
•Capacity to think strategically and innovatively and will be adapt at working in a changing and complex environment.
•Committed to CUT’s values, demonstrating an ability to balance a commercial perspective in support of the overriding mission of the university



Desired Qualification/ Knowledge and/or Experience

•All the above
•Master’s qualification in Finance
•10 Years relevant experience in a financial environment of which at least 5 years should have been at a senior management level and preferably in a higher education environment


Terms and Conditions
•Candidates will be recruited and appointed in accordance with the Employment Equity and Affirmative Action Programmes of the Central University of Technology, Free State.
•The Central University of Technology, Free State reserves the right to conduct/employ a third party to conduct a background investigation in respect of all short-listed candidates.
•Correspondence will be limited to short listed candidates only. If you haven’t received feedback in eight weeks, consider your application not shortlisted.
•The Central University of Technology, Free State reserves the right not to make an appointment in the advertised post and/or to appoint other suitable persons recruited by means other than this advertisement.
•Appointment, either on a permanent or contract basis, will be negotiated with the successful candidate.
Job Closing Date 26/11/2021
   
   
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Last Updated: 30-6-2021 [21.06.02.21]
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