The Technology Innovation Agency (TIA), an initiative of the Department of Science and Innovation, has a mandate to enable and support technology innovations across all sectors of the economy in order to achieve socio-economic benefits for South-Africa and to enhance its global competitiveness.<\/p>\n
TIA is a public entity with the aim of enhancing the country\u2019s capacity to translate a greater proportion of local research and development from higher education institutions, science councils, public entities and private research institutions into commercial technology products and services.
\nIn executing its mandate, the organisation provides funding and non-funding support to stimulate innovation so that it provides a catalytic impact to the economy whilst improving people\u2019s lives and protecting the environment.<\/p>\n
TIA is a talent driven, customer- centric and impact focused organisation. In our endeavour to support technology innovation with socio-economic outcomes, we seek to infuse the organisation with team players that find resonance as value creators, agile thinkers, progressive attitudes, customer-centricity, dynamic work ethic and an optimistic disposition. We aim to harness these attributes in a manner that they culminate into a culture of teamwork, impact and accountability.<\/p>\n
<\/p>\n
Job Title: Chief Financial Officer<\/strong> Scope of the Position:<\/strong> Purpose of the Position:<\/strong> Strategic Management:<\/strong> Financial Reporting<\/strong> Governance, Risk Management and Management Reporting<\/strong> Stakeholder Management<\/strong> Internal Processes<\/strong> People Management<\/strong> Requirements<\/strong>
\nLocation:<\/strong> Pretoria, Gauteng, South Africa
\nReference<\/strong> # TIA08\/07\/2020
\nContract Type:<\/strong> Contract 5 Years
\nSalary:<\/strong> Market Related<\/p>\n
\nThe Chief Financial Officer position reports to the Chief Executive Officer and is responsible for the following functions:
\n\u2022Finance;
\n\u2022Supply Chain Management; and
\n\u2022Enterprise Risk Management.<\/p>\n
\nThis role will be responsible to provide strategic financial leadership, governance, financial risk management, professional and ethical financial practices to ensure financial and reputational sustainability of the Technology Innovation Agency.<\/p>\n
\n\u2022Develop a sound business case to the Department of Science and Innovation and National Treasury to improve funding for the Technology Innovation Agency (TIA).
\n\u2022Contribute to the development and drive the implementation of the organisation\u2019s five \u2013year strategic plans, vision and goals through the development of the three-year Divisional strategy.
\n\u2022Contribute to the development of the TIA Annual Performance Plan (APP), aligned to the Strategic Plan.
\n\u2022Develop an annual operational plan for the Finance Division, aligned with the TIA Strategic Plan and TIA Annual Performance Plan.
\n\u2022Develop and manage the financial and expenditure plan to support achievement of TIA\u2019s objectives.
\n\u2022Set clear direction and project objectives for the Division.
\n\u2022Manage TIA\u2019s financial risks.
\n\u2022Ensure the values, vision, mission and strategy is articulated within the Division
\n\u2022Ensure sound Corporate Governance.
\n\u2022Enable effective decision making in TIA by aligning the Delegation of Authority with the TIA Strategic Objectives within acceptable risk parameters.<\/p>\n
\n\u2022Manage the process of compiling Annual Financial Statements for the Technology Innovation Agency, aligned with National Treasury Regulations.
\n\u2022Attend to other financial reporting requirements in line with Government regulations and relevant legislation.
\n\u2022Generate quarterly management accounts and reports for review by EXCO, the Board and the Department of Science and Innovation.
\n\u2022Consolidate management accounts from business units to prepare monthly reports to monitor and compare budget to actual expenditure for the entire organisation.
\n\u2022Provide reports to EXCO on Investment Support, such as royalties, exit strategies, etc.
\n\u2022Prepare forecasts based on trends to ensure that TIA achieves its set targets and to implement corrective measures should risks be identified in the Short and Long Term
\n\u2022Manage revenue targets, maximizing return on investment and collection of royalties to ensure revenue growth.
\n\u2022Oversee the annual external audit exercise for TIA<\/p>\n
\n\u2022Ensure sound Corporate Governance.
\n\u2022Conduct risk assessment and update the risk matrix for the Division. Submit monthly and quarterly risk reports to EXCO and Board Committees.
\n\u2022Ensure compliance with applicable legislation as required.
\n\u2022Ensure compliance with regards to the implementation of policies and procedures.
\n\u2022Proactively identify and address internal and external challenges to protect the organisation<\/p>\n
\n\u2022Identify, build and nurture trust and collaborative relationships with internal and external stakeholders.
\n\u2022Interact closely with CEO, EXCO, Board, government officials, the public and other stakeholders in maintaining positive relationships for the organisation
\n\u2022Lead conversations with industry around issues of specialisation.
\n\u2022Provide input to the negotiations with investees regarding agreements, sales of shares.
\n\u2022Engage with industry stakeholders to position the organisation strategically.<\/p>\n
\n\u2022Develop and implement work plans to guide the implementation of projects.
\n\u2022Ensure communication, knowledge sharing and interdependence across Divisions to maximise efficiency in the organisation.
\n\u2022Apply forward-thinking to re-imagine organisational processes in line with client requirements to create value within specified time periods.
\n\u2022Make use of analytics for decision-making and forecasting purposes.
\n\u2022Enable the Board, EXCO and other key stakeholders, by optimising the management of financial and supply chain functions in line with the PFMA and National Treasury Regulations.
\n\u2022Ensure the Finance; Supply Chain Management and Investment Finance Standard Operating Procedures are revised and signed-off annually.
\n\u2022Advise the executive team should any possible risks be identified
\n\u2022Advise the organisation on the forecasting and budgeting requirements.
\n\u2022Prepare the annual budget in line in line with the Annual Performance Plan
\nEnsure that annual budgets are developed for each Business Unit in line with the Operational Plans.<\/p>\n
\n\u2022Ensure key roles are staffed with appropriately experienced employees.
\n\u2022Oversee all operational and business activities to ensure the Finance team produce the desired results and are consistent with the overall strategy of the organisation.
\n\u2022Ensure that Performance Agreements are drafted for employees in the Finance Team and that performance reviews are conducted in line with the Human Resources Policies.
\n\u2022Implement the required Performance Management initiatives, in line with the Human Resources Policies, in situations where underperformance \/ non-performance is identified.
\n\u2022Identify competency-gaps of team members and ensure that appropriate training interventions are implemented.
\n\u2022Mentor and coach staff members continuously to enhance the effectiveness of their performance.
\n\u2022Hold regular meetings with team members to improve their capabilities and facilitate skills transfer
\n\u2022Ensure talent is retained within the Division through people management processes.
\n\u2022Hold team members accountable for poor performance.
\n\u2022Hold team members accountable for misconduct.
\n\u2022Drive a culture of professionalism, delivery, efficiency and urgency in the organisation.
\n\u2022Follow operational procedures, policies and standards.<\/p>\n
\nQualifications and Experience:
\n\u2022Minimum Requirements: Chartered Accountant (SA)
\n\u202210 years\u2019 experience in a Senior Management role in Finance or Accounting with at least five (5) years in an Executive Management role.
\n\u2022Experience in the application of the PFMA and Treasury Regulations.
\n\u2022Application of the Generally Accepted Accounting Principles (GAAP) as well as Generally Recognised Accounting Practices (GRAP), including budgeting, forecasting, cost control principles and strategic planning and execution.
\n\u2022Experience in Supply Chain Management (SCM), Asset Management, optimisation of Investments and debt collection.
\n\u2022Proven experience in Stakeholder Relations Management.
\n\u2022Proven track record in Operational Efficiency through effective People Management, and<\/p>\n