Careers in Administration

Closing Date

2023/10/08

Reference Number

N/A

Tracking Number

N/A

Job Title

Executive Director of Finance

Department

Administration

Enquiries

Enquiries: mrwetyanam@cput.ac.za

For detailed advertisements, please visit
our website at www.cput.ac.za/jobs

For application, please forward your
application to recruitment@cput.ac.za

Tel: +27 (0)21 959 6767

Email: info@cput.ac.za

Website: www.cput.ac.za

Twitter: @cput

Instagram: @wearecput

Facebook: www.facebook.com/cput.ac.za

Job Type

5-year performance-based contract

Location - Country

South Africa

Location - Province

Western Cape

Location - Town / City

Cape Town

Job Purpose

In this role, the Executive Director: Finance will assume strategic responsibility and operational leadership of the full financial function of the University. This includes the effective management of the University’s finances to maximise the resources available to deliver on the academic activities within the Institution’s strategic vision and direction.

Minimum Requirements

Required Qualifications, Skills and Experience:
• A relevant undergraduate qualification (NQF 7) plus Honours / PGDip (Accounting) or CTA

• Professional registration with the South African Institute of Chartered Accountants or equivalent professional body as a Chartered Accountant

• At least 10 years’ experience in senior management position managing significantly large functional financial teams and finance specialists

• Applied knowledge of PFMA, GAAP, IFRS, King IV, Financial Modeling, Risk Management, Finance and Procurement policies

• Working knowledge and understanding of dynamics of public higher education and related funding instruments will be an advantage.

• A Master’s degree, MBA or MBL will be an added advantage for the successful candidate

Recommendation

The University seeks to appoint a seasoned financial leader who will be key to the successful delivery of Vision 2030 while making a contribution towards a financially sustainable Institution. The successful candidate has an established and immaculate track record of leading teams to deliver excellent financial services and a deep working knowledge of the higher education sector. The role will report to the Vice-Chancellor of the University and, as a member of the Executive Management, be accountable to the University Council.

Key Performance Areas

Key responsibilities of the Executive Director of Finance include:
• Prepare medium and long-term financial strategy and provide leadership to the CPUT’s financial strategic plans to ensure the sustainability of the Institution.

• Benchmark, develop and manage the performance and operations of the Finance function, ensuring effective delivery of strategy, managing risk and making critical decisions.

• Support the Executive Management in the development of the Corporate Plan and Annual Business Plan, including development of the budget and reporting of expenditure against outcomes, objectives, and targets.

• Lead the preparation and maintenance of the CPUT’s medium and longer-term Financial Recovery Plans aligned to the University’s Financial Improvement Framework.

• Lead the University’s annual and quarterly forecasting process, ensuring alignment with the planning process, providing oversight of the University’s actual and forecast position.

• Support the CPUT Chair of the Finance Committee in providing assurance to the Council in relation to financial strategy, performance, and sustainability.

• Lead the CPUT’s relationship with DHET and ensure obligations in relation to financial reporting are met.

• Build and ensure effective working relationships and partnerships with key stakeholders, funders and financial institutions.

• Ensure adherence to corporate standards and best practice in the management of devolved budgets.

• Liaise with the relevant bodies such as internal and external auditors, Budget Committee, Financial Committee of Council to ensure a coherent approach to internal controls.

• Responsible for the compliance with government account procedures and standards.

• Prepare CPUT’s published annual financial statements and clearing through the relevant management fora.

• Provide leadership to the Finance Department to ensure that the collective and individual role players have the capacity to deliver against CPUT’s financial objectives.

• Promote the Finance Department organisational values and vision, facilitating a positive culture that actively encourages the success and achievements of the team and its collaboration with internal and external partners to the Institution.

Competencies

N/A

Remuneration

N/A

Notes

With its various campuses and diverse cultures supporting the spirit of ubuntu, the Cape Peninsula University of Technology (CPUT) transforms its students, through world-class researchers who inspire knowledge production and innovation that are cutting edge.

CPUT is Africa’s leading Smart University of Technology, globally renowned for innovation, with graduates who shape a better world for humanity. Our Vision 2030 for One Smart CPUT is our ambitious and impassioned commitment to the transformation of lives, communities and economies.

The Cape Peninsula University of Technology is committed to Employment Equity and aims to attract and retain talented individuals to achieve our equity objectives and therefore, people from the designated groups, including women and persons with disabilities, are especially encouraged to apply. Preference will be given to applicants whose appointment contributes towards the achievement of demographic representation. We reserve the right not to make an appointment.

Consult the CPUT website or faculty for more information. Every effort has been made to ensure the accuracy of the information; however the University reserves the right at any time, if circumstances require to make changes to any of the published details.