Senior Manager: Finance

PURPOSE OF THE JOB

To render end-to-end financial management, including forward-thinking analysis, generating management reports, ensuring statutory compliance, designing an effective control environment and scaling automated financial processes to crafting financial strategies aligned to business health, PFMA and related legislation. Responsible for accurate, timeous and sound financial information to make informed decisions by INSETA Board and Management.

Key Performance Areas

Outputs

Strategic Financial Management and Operational Financial Management (60%)

• Ensure sound, effective, efficient end-to-end financial management value chain and systems to the SETA that optimally support delivery on business needs and requirements
• Ensure the provision of accurate and timeous financial information in order for Management to make informed decisions in all areas of operations
• Drive continuous process efficiency, financial rigor and improved internal control environment
• Ensure compliant, effective and efficient grants management value chain in respect of Mandatory and Discretionary Grants.
• Review existing /develop policies and procedures relating to financial management and reporting, budgeting and grants management within the legislative prescripts.
• Review existing/develop accounting policies in line with the Generally Recognised Accounting Framework and applicable SETA legislation.
• Drive cost management objectives for functions in the SETA
• Pioneer, build and implement finance best
  -practices and effective change enablement financial services and support for the SETA
• Manage, develop, coach, motivate, performance manage and inspire the Finance and Grants Management teams ensuring performance against set individual and SETA targets
• Continuously monitor the SETA’s financial performance and proactively provide financial advice, support & services to the CFO to ensure delivery on SETA strategic objectives, for example. Analysis & Recommendation of financials;
  Continual improvement of financial systems & controls.
• Monitor & manage cash flow (debtors, creditors);
  Operational and Capital Expenditure;
  Levies & Grants
• Keep abreast of developments within the SETA environment as prescribed by the Department of Higher Education and Training, National Treasury including the Office of the Accountant General
• Ensure compliance with all regulatory and government prescripts
• Inculcate a culture of effective, efficient, economic and transparent use of financial and other SETA resources through the adherence to relevant policies and the requirements of the PFMA
• Oversee and ensure the effective management of internal and external audit processes.
• Ensure the development, management and control of budgets in line with the National Treasury guidelines and provide support and advice through consultation in the preparation process
• Monitor the SETA’s financial performance (manage expenditure and budget revision)
• Ensure the compilation, credibility and integrity of monthly, quarterly and annual financial, budget performance and Supply Chain Management reports that comply with regulatory requirements and accurately reflects SETA financial performance
• Development and implementation of robust controls to mitigate against irregular, fruitless and wasteful expenditure
• Ensure efficient and effective financial management support to internal stakeholders
• Ensure the effective and efficient management of relevant Service Level Agreements (SLAs) that will result in delivery on the expected and desired outcomes
• Support the core function to achieve Strategic Plan and Service Level Agreement targets with the DHET;
• Manage the preparation of quarterly and annual financial statements in compliance with Generally Recognised Accounting Practice (GRAP); and assist the SETA to achieve a clean audit outcome annually
• Ensure knowledge-sharing, documentation of information and a team that is informed and up to date with developments in the financial environment
• Ensure the synergy between the different divisions is utilized to continuously deliver on the strategic objectives of the SETA
• Ensure adherence to INSETA policies, procedures and local legislation
• Professional visible…