Manager: Financial Reporting at Housing Development Agency (HDA)

Location: Head Office

Reporting Line: Senior Finance Manager

Ref: HDAMFR001

Main Purpose: The Manager: Financial Reporting is responsible for managing and overseeing the financial reporting function of the Agency, ensuring compliance with the PFMA, GRAP, Treasury Regulations, and relevant accounting frameworks. The role supports the CFO in driving financial governance, audit readiness, strategic planning, and accurate reporting to stakeholders, including National Treasury, the Board, and the Auditor-General of South Africa (AGSA).

Key Performance Areas:

Governance and Administration

• Establish and maintain strong internal control systems to ensure the integrity, accuracy, and completeness of financial information.
• Oversee compliance with financial policies, delegations of authority, and cost containment measures.
• Drive implementation of audit action plans and address external/internal audit findings.

Financial Reporting & Compliance

• Prepare and review monthly, quarterly, interim and year-end financial results and supporting schedules for the year-end audit.
• Facilitate the continuous review of the Annual Financial Statements during the audit period.
• Ensure timely submission of statutory reports to National Treasury, Department of Human Settlements, Board, and Audit & Risk Committees.
• Ensure accuracy and reliability of financial reporting e.g. for EXCO, AFS, National Treasury etc
• Develop and Annual Financial Statement preparation plan.
• Manage, reconcile and review transactions in the SAGE system.
• Manage the accurate allocation of expenses to relevant cost centres.
• Manage the completeness, accuracy and timeous processing of transactions.
• Oversee the performance of monthly bank reconciliation for CFO to review.
• Review and approve journals as well as monthly general ledger reconciliations.
• Manage the accuracy of retention balances.
• Manage the maintenance and full compliance of fixed asset register, including Land and regional offices.
• Lead year-end audit preparation and coordinate audit engagements with AGSA and internal auditors.
• Liaise with auditors and manage audit process.
• Ensure clean audit by checking that all the daily tasks are done according to proper financial policies and procedures.
• Review monthly Fixed Asset register and associated reconciliations.
• Sign-off any fixed asset additions or disposals to be processed.
• Ensure all relevant Fixed Asset policies and procedures are maintained and applied.
• Fixed Asset verification process as and when conducted.
• Oversee financial analysis of variances, risks, and opportunities to support decision-making.
• Monitor surplus/deficit assessments, retention of interest/surpluses, and grant accounting in line with PFMA requirements.
• Monitor compliance with Treasury Regulations, Instruction Notes, Circulars, and Board-approved policies relevant to the current scope of work.

Leadership

• Manage and develop the financial reporting team, providing guidance, mentoring, and performance oversight.
• Ensure adequate resource allocation for high-demand periods (e.g., audit season).
• Build a high-performance culture, promoting accountability, integrity, and professional ethics.

People Management

• Select, assign, lead and manage people.
• Set clear objectives for self and others and measure achievements against these objectives through implementation of the performance management system.
• Build and manage relationships with staff members.
• Manage and support staff development.
• Develop and manage the implementation of succession plans for key individuals and critical positions.
• Implement the HDA HR policies and procedures as required.
• Manage risks and address issues as they arise.
• Manage and develop the financial reporting team, providing guidance, mentoring, and performance oversight.
• Ensure adequate resource allocation for high-demand periods (e.g., audit season).
• Build a high-performance culture, promoting accountability, integrity, and professional ethics.

Qualifications & Experience

• A B. Comm. Accounting degree
• A postgraduate diploma/degree qualification will be an added advantage.
• A minimum of 5 years’ relevant experience in Financial Reporting and audit environment.
• A minimum of 3 years’ management experience.
• The applicant must be able to demonstrate the necessary competencies through experience.

Remuneration Scale: R906 100.00 – R1 177 900.00 per Annum (all-inclusive package)