Financial Manager: Statutory Compliance and Risk Management

Financial Manager: Statutory Compliance and Risk Management

The Council for Scientific and Industrial Research (CSIR) is a leading scientific and technology research organisation that research, develops, localises and diffuses technologies to accelerate socio-economic prosperity in South Africa. The organisation's work contributes to industrial development and supports a capable state. The CSIR has a vacancy for a Financial Manager: Statutory Compliance and Risk Management in theThe Council for Scientific and Industrial Research (CSIR) is a leading scientific and technology research organisation that researches, develops, localises and diffuses technologies to accelerate socio-economic prosperity in South Africa.





The organisations work contributes to industrial development and supports a capable state.Financial Manager: Statutory Compliance and Risk ManagementPosition level, Senior Management/Senior SpecialistAbout The JobThe CSIR has a vacancy for a Financial Manager: Statutory Compliance Risk Management. The successful incumbent will effectively lead and direct CSIR financial governance, compliance and risk management initiatives, including, audit management, financial risk management, financial policies, financial legislative compliance. The incumbent will be overall accountable for the achievement of Key Performance Indicators (KPIs) and the leadership and development of the CSIR Statutory Compliance and Risk Management team. This position is based in Pretoria.Key ResponsibilitiesFinance Strategy: Develop a targeted CSIR finance strategy andoperational plan to enable CSIR strategy.Lead and direct CSIR financial planning to achieve financial targets within the required timeframes, including setting financial KPIs, overseeing the annual internal and MTEF budget process,





providing financial input into the CSIR Shareholders Compact, updating financial forecasts throughout the year.Provide expert advice on financial governance, risk and compliance to support strategic decision making.Lead andmanage CSIR financial governance risk and compliance initiatives.Represent the Finance portfolio at CSIR Exco and Opco meetings and present financial governance, risk and compliance matters. Ensure shared financial governance, risk and compliance knowledge across the CSIR by providing direction on the training requirements and training material for financial and non-financial staff on relevant policies, procedures,





business applications and business processes.Review and improve business processes to improve the internal control environment and communicate changes to assist the organisation with continued compliance of policies, procedures and legislation.Expert advisor on National Treasury, PFMA, International Financial Reporting Standards (IFRS) and other applicable financial legislationCSIR Financial Reporting And AnalysisAccurate and timely preparation of annual CSIR audited financial statements. Distribution of annual audited annual CSIR financial statements to relevant stakeholders, within required timeframesGovernance, Risk And ComplianceRegularly review PFMA / National Treasury instructions and amendments and changes to the reporting framework and other applicable financial legislationAdvise CSIR leadership and management of changes to legislative requirements that will have an operational impact on the business environment in the short and long term.Keep abreast with changes to the relevant accounting framework and standards and reporting requirements by stakeholders, liaise with the external auditors or experts, advise management of the possible impact on systems, processes, CSIR policies and the annual financial statements disclosure as a result of these changes and assist with implementation process to ensure reporting is aligned and complies.Co-ordinates the implementation of relevant CSIR financial policies, procedures, and guidelines to ensure financial compliance and good governance.Regularly review and recommend appropriate financial policy amendments to ensure relevance based on legislative changes or operational requirements to CSIR leadership.Support the Group Manager: Finance to develop and maintain an effective and efficient financial internal control environment to ensure accurate and reliable financial information and high governance standards in line with legislation and CSIR policies.Ensure that the financial reporting framework is adhered to. Co-ordinate identification and communication of financial risks andmitigating controls for input into the CSIR organisational risk register. Co-ordinate implementation of improved procedures, processes, and guideline to mitigate the financial risks and ensure good governance and financial compliance. Ensure the induction and training of CSIR staff on governance, policies, business processes and financial systems.





Prepare and request resolutions to be approved by the Accounting Authority (CSIR Board) or CSIR Executive.Strategic Stakeholder Management And ReportingBuild trusted relationships with internal and external strategic stakeholders, such as National Treasury, DST, SARS, investment banks, auditors, technical experts, through active engagement and continuous communication to ensure a common understanding of requirements, deadlines and timely resolution of any issues that could impact negatively on compliance to statutory or other requirements and to represent the CSIR at stakeholder forums / planning committees, etc. relevant to financial governance, risk and compliance matters. Key contact person for strategic stakeholders for any requests or matters of concern. Assist and advise internal and external to ensure an understanding of the business environment,





legal framework, business processes and solutions and the impact of changes to legislation on the organisations finance function.Department of Science and Innovation (DSI): timely submission of annual and quarterly performance, PFMA and other ad hoc reporting required. National Treasury (NT): timely submission of annual ENE/MTEF budget reports, provide financial input into shareholders compact, and other ad hoc reporting required.South African Revenue Services (SARS): timely submission of applicable statutory returns.Subsidiaries, Joint ventures, and Associates of the CSIR:





oversight on legislative requirements with regards to CSIR Group structure and oversight of the preparation of annual statements for all subsidiaries.Financial Management And AdministrationFinancial management.Request and obtain inputs from the unit Financial Managers to prepare and submit the monthly VAT returns for the CSIR to SARS in accordance with the statutory deadline. Obtain inputs and documentation and prepare and submit information for SARS VAT reviews and liaise with SARS on any queries. Identify and inform management of any risks identified during this process and provide recommendations on actions to mitigate the risk.Manage the department budget to ensure planned activities are incurred within budget.Finance service supportSupport divisional finance managers and management teams to expedite and resolve financial queries from internal and external stakeholders effectively and in a customer-oriented manner.Responsible to deliver all financial Key Performance Indicators (KPIs), within the Statutory Compliance and Rosk Management portfolio. Develop and implement relevant KRAs and KPIs within the Finance department to drive delivery of agreed service levels and the achieve the finance strategy.Oversight Of CSIR/ Auditor General AuditsPlan and manage an efficient annual audit process with the Auditor General (AG)/Internal AuditorsPrepare and assist, by providing system and process descriptions and other information requirements, on internal audit requests/reports and annual/specific external audits to comply with the stated objectives of the audit and financial requirements and to assist the auditors in meeting the set deadlines. Where areas of weaknesses are reported, review, provide management comment and implement corrective action as agreed.Lead the implementation of corrective action from internal and external audit findings to improve control environment. Embed the CSIR vision, mission and values within the Finance teamCulture, Leadership And People ManagementGuide and assist HRMs on cross-cutting matters impacting their area of responsibility (risk and compliance, etc.).Create a culture of customer service and continuous improvement.Qualifications, Skills And ExperienceA Bachelor of Commerce Honorsdegree or equivalent (NQF 8)with at least Fifteenyears experience of which five years must be in Public Entities or State-owned Enterprises. This includes:A combination of Private and Public sector experience;Financial reporting in accordance with legislative requirements in a state-owned enterprise will be beneficial; Working experience with VAT legislation Working experience on a financial ERP solutionDealing with various internal and external stakeholders such as auditors, bankers, etc.Sound understanding of financial legislation applicable to state owned entities;Working knowledge of financial business systems, trends and integration point.Whats in it for you? The CSIR OffersFlexible hybrid work arrangement.Learning and development opportunities.Competitive and market-related remuneration packages.Total guaranteed salary packages which encompass contributions to the pension fund, risk insurance and medical scheme.We openly acknowledge and reward our employees' contributions and accomplishments through our esteemed CSIR Excellence Awards. Closing date: 25 October 2024PLEASE NOTE THAT FEEDBACK WILL BE GIVEN TO SHORTLISTED CANDIDATES ONLY.For more info,email us at [email protected]. Please do-not send applications to this mailbox, it is only for inquiries.The CSIR is an equal opportunity employer. As such, it is committed to the employment Equity Act and will through the filling of this vacancy, give preference to candidates from designated groups in terms of the Employment Equity Act. By applying for this position at the CSIR, the applicant understands, and agrees that the CSIR may solicit a credit and criminal report from registered credit bureau and/or South African Police Services (in relation to positions that requires trust and honesty and/or entail the handling of cash or finances) and may also verify the applicants educational qualification and employment history. The CSIR reserves the right to remove the advertisement at any time before the stated closing date and it further reserves the right not to appoint if a suitable candidate is not identified.

▶️ Financial Manager: Statutory Compliance and Risk Management
🖊️ Council For Scientific And Industrial Research
📍 Pretoria