We are hiring: Chief Financial Officer (CFO) vacancy

JET Education Services seeks to appoint a Chief Financial Officer (CFO) to be responsible for financial leadership for the organisation. The CFO oversees and develops business improvement strategies, and monitors and analyses innovations to improve the business processes to optimise income margins. The CFO provides, maintains and attends to all financial matters, i.e. finance management and planning; provide analysis and forecasting for the organisation and its funders/partners; manage the finance division and facilitate appropriate training for continuous upskilling of all finance staff; manage all compliance and implementation of all financial regulations for the organisation and funding contracts; including the management of the annual and specific audit requirements. The successful candidate reports to the Chief Executive Officer, and work closely with the CEO, Chief Operating Officer and all Executive Managers. The CFO also manages and reports on the Organisational Financial Resources, affecting the organisation and clients.

The main tasks include:
•    Develop and drive the financial strategies aligned to the organisation’s strategic plans, and to ensure sustainability as a non-profit comany (NPC).
•    Determine and set budget forecasts - quarterly and annually.
•    Participate actively in business development and fundraising activities of JET.
•    Efficiently manage the funds of the company, projects and funders with full compliance
•    Responsible for the management accounting controls and processes for optimal fiduciary compliance
•    Monitoring and reporting on the performance of the organisation and projects on a monthly/quarterly basis
•    Manage the legal and taxation aspects of the company
•    Responsible for all financial strategic and aligned reports to the Board and its committees.
•    Responsible for the management and preparation of the Finance and Audit Committee (F&A) meeting - preparation, all reporting and liaison with the Board of Directors on this committee
•    Responsible for the external annual audit; procurement in the company, asset management; all financial system updates; and the training and development of staff in the financial unit.
•    Manage and quality assure all client and funder related and specific external auditing on JET receipts.
Job specification:
•    A relevant post-graduate degree such as a B Com (Masters) or Masters in Business Administration (MBA)•    A professional designation, such as Chartered Accountant (CA), is strongly recommended
•    Relevant prior learning may be considered
•    Minimum 10 years’ experience at a Senior Financial Management or CFO level
•    Computer literacy
•    Management and very good people skills
•    Effective interpersonal and communication skills
•    Advanced experience and use of accounting packages and experience in cloud-based accounting, such as SAGE 300 and Caseware•    Competencies: good interpersonal skills; emotional intelligence; act as a trusted source as part of executive management; has good business acumen.

KEY PERFORMANCE AREAS
1)    Establish and maintain JET’s Accounting Systems
•    Responsible for the management accounting controls required to monitor progress against company targets and take expedient and effective action to respond to changing conditions.
•    Maintain and establish a separate chart of accounts for the company and all projects where appropriate.  Responsibility for setting up and developing financial systems is also a requirement.
•    Ensure that a monthly reconciliation of all accounts is completed.
•    Ensure that all invoices are sent out to the clients with the appropriate audit trails.
•    Responsible for managing the debtor’s book and following up on all unpaid invoices.
•    Prepares cash statements, cash budgets and forecasts

2)    Liaison with the Divisions to ensure smooth operations of the Financial Processes within JET
•    Prepares consolidated monthly accounts including income statement and balance sheet covering a number of projects.
•    Has a regular meeting with executive managers of the divisions
•    Train executive managers and project managers on financial matters where appropriate.

3)    Reporting
•    Reports to Board, Board Sub-Committees, and management committees on financial matters affecting the company, setting goals, managing funds efficiently and providing budgetary forecasts.
•   Compiles and reviews monthly management accounts
•    Compiles statutory reporting for the entire organisation.
•    Monitors and reports on actual performance of divisions and projects against the business plan.
•    Manages large amounts of international donor funds and write reports to donors on the disbursement thereof where appropriate.
•    Provides input to annual report

4)    Organisational Budget
•    Develops and consolidates organisational budget in accordance with financial policies and procedures.
•    Controls expenditure related to the budget, i.e., ensures that the appropriate financial resources are available for the expenditure.
•    Manages and consolidates the budgetary process and compiles the organisational budget based on organisational requirements.
•    Reports on expenditure in accordance with the financial calendar.

5)    Internal Control and Risk Management
•    Develops policies and procedures related to organisational risks.
•    Identifies and reports on all financial risks and exposure to financial risks.
•    Manages the organisational Financial Risk Register.
•    Ensures compliance to Legislative and Regulatory requirements:
•    Companies Act
•    SARS
•    Organisational Solvency
•    Regulatory Compliance

6)    Cash Resource Management
•    Conduct financial forecasting to ensure that the required cash resources are planned.
•    Develops financial forecasts for the organisation.
•    Consistently ensures sufficiency of cash resources in accordance with organisational needs.
•    Daily ensures that the cash resources are available to cover expenditure and ensures that cash resources are acquired when necessary.
•    Controls the flow of cash – receipts and expenditure.
•    Manages the process for investments of surplus funds.

7)    Procurement Management
•    Develops and implements the Procurement Policies and Procedures.
•    Ensures that all procurement is conducted in accordance with the policies and procedures.
•    Ensures that the tender process is followed for procurement of goods based on limits set in policies and procedures.
•    Ensures that the asset register is maintained and updated as required.
•    Manages the retirement of obsolete assets in accordance with policies and procedures.
•    Negotiates lease agreements for the company

8)    Line Management of Staff
•    Ensures that each staff member within the Unit has a reasonable workload
•    Monitors staff’s performance regularly
•    Puts remedial steps and development plans in place where appropriate
•    Records the above within JET’s performance management system
•    Manages development of staff in accordance with Personal Development Plans

9)    Other Tasks
•    Assists in preparation of business plans
•    Completes the tax returns of the company
•    Is responsible for the treasury function of the company
•    Completes all NPO reports

The CFO is appointed as an executive director on the JET Board.
All shortlisted candidates will be subjected to independent relevant reference checks. A culture fit interview will precede the formal interview process, which may also include a competency assessment.

Salary CTC: R1 400 000.00 - R 1 900 000.00

Applications must be done online via this form no later than 26th March 2026 , 23h00. Late applications will not be considered.