Budgeting and Forecasting
* Ensure that the necessary training is provided to the internal stakeholders on the policies within area of responsibility.
* Oversee the development and maintenance of appropriate policies and procedures in relation to:
o Revenue exchange and non-exchange transactions.
o External income
o Income received in advance.
o Pricing and costing; and Project accounting.
* Drive the process for annual and multi-year budgets (including forecasting); including ongoing support.
* Develop the Budget guidelines, which will be signed off by the CFO.
* Provide guidelines for the quarterly forecasting and ensure adherence thereof.
* Consolidate the preliminary and final budget documents (i.e., Budgeted Financial, Statements – full set; financial commentary); as submitted by the respective Institutes and / or Divisions)
* Submissions of the Medium-Term Expenditure Framework (MTEF/MTEC) and ENE (Estimates of National Expenditure) to the National Treasury, Department of Agriculture, Land Reform and Rural Development (DALRRD) and other external
* Stakeholders as per the agreed standards and agreed timelines.
* Provides professional assistance and support to ARC management and staff on budget and
other related matters.
* Assist the CFO, in reviewing and prioritising the business cases relating to Capital Expenditure budget.
Management Accounting and Reporting
* Provide finance support and input in terms of developing business cases / proposals to ensure that the opportunities pursued are financially viable.
* Performing financial analysis on a continuous basis to identify areas of development or improvement.
* Analyse revenue and expenditure variances relative to the approved budgets and prepares monthly management reports (A full set of financial statements including financial commentary/ narrative)
* Collaboration with other finance managers, to ensure that the integrity and quality of the management reports are of acceptable standards.
* Prepare quarterly reports to be submitted to the DALRRD; National Treasury; Statistics South Africa and any external parties as required.
People Management
* Manage people development initiatives, succession planning and talent management to meet functional performance standards.
* Provide input into workforce planning and implement approved plans to ensure team is suitably staffed to meet sub-functional objectives.
Internal Business Processes
* Ad hoc requests from the CFO and other internal stakeholders.
* Review of policies and procedures within line of responsibility (i.e. External Income; Income received in advance; Pricing and Costing).
* Project Accounting; Budgeting and Forecasting.
* Ensure that audit requests are addressed within the agreed timelines as set by the auditors (internal and external).
* Implementation of audit improvement initiatives related to area of responsibility.
* Ensure that audit findings are addressed
* Lead the FP&A function, overseeing budgeting, forecasting, and financial analysis processes to support strategic decision making and business planning.