Chief Financial Officer - Rosebank, South Africa - SPARK Schools

SPARK Schools

Verified Company

Rosebank, South Africa

1 week ago

Posted by:

Thabo Mthembu

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Description

SPARK Schools is a social impact disruptor and is leading change in the education space through its network of affordable private schools.

The SPARK Schools network provides transformational education innovation through Africa's first blended learning model, which elevates student achievement and provides the tools teachers need to serve their students effectively.

The blended learning model, which combines classroom teaching and online instruction, allows teachers to anticipate student needs and equips schools to provide personalized education at an affordable cost.

SPARK Schools is pioneering this transformative education model to ensure the accessibility of university and careers for all.

SPARK Schools is a high growth, mission and values-driven entrepreneurial organisation, operating 20 primary schools, 4 high schools and serving over 15,000 families in 2023.

We are looking for dynamic people to join our team.

Purpose of Role:

The CFO is positioned as the strategic partner and advisor to the CEO to support the sustainable expansion of the network.

The CFO is responsible for all operational matters as they relate to finance, risk and budget management, cost benefit analysis, compliance, cash flow management and the securing and management of new funding and or capital raising strategies.

The CFO is responsible for overseeing the efficiency and quality of systems and processes.

Reports To:
Chief Executive Officer (CEO)

Responsibilities:

Strategic and Operational Plans Management

Work in partnership with the CEO and senior executives on the strategic vision of the network including identifying and developing investor relationships.
Take full responsibility for the overall control of the company's finance and accounting function.
Contribute to the development of the company plan and strategy across all areas of the business, challenging assumptions and decisionmaking as appropriate and providing financial analysis and guidance on all activities, plans, targets and business drivers
Provide input and guidance to the network with regard to Finance, Risk, Compliance, Accounting, and any applicable financial service
Provide strategic direction in respect of financial management and participate in the strategic planning processes of the company
Work with relevant leaders to grow the business, formulating strategies and plans.
Optimise the company's brand position, financial performance and strategic position.
Ensure that budget processes are aligned to strategic planning processes and performance outputs
Provide timely and accurate flow of financial and other operational information necessary for strategic decision making
Evaluate the adequacy and effectiveness of internal controls, governance and risk management of all business processes
Ensure that company controls around systems and processes are robust, compliant and support current activities and future growth.
Develop and implement service delivery improvement programmes
Ensure there is full compliance by business units with relevant financial legislation, policies, and guidelines
Approve and implement delegations of authority that are compliant with the applicable company framework and requirements
Responsible for providing insights into property acquisition and entering into discussions and agreements with property providers according to the requirements of the financial model

Board, Shareholders and Investors

Prepare and present the Annual Financial Statements to the Board of Directors and Shareholders.
Prepare the Board pack and minutes for the Board meetings.
Establish a high level of credibility and manage strong working relationships with external parties including investors and advisors.

Financial Management

Develop, manage, implement and review Finance policies for input from relevant stakeholders
Ensure company budgeting processes are carried out and reviewed
Ensure the budget processes are aligned to strategic planning processes and performance outputs.
Preparation and submission of the budget statements to the board within stipulated time frames
Preparation and submission of Budget Adjustment Estimate and implementation of approved varients
Advise business unit managers on budgeting, accounting, analysis, financial reporting, cash management, debt management and other duties as delegated by the CEO from time to time
Oversee the compilation of financial statements
Oversee debt collection initiatives in order to ensure that all income due is collected timeously
Authorise all expenditure and claims within delegated authority
Liaise with auditors and coordinate external, interim and annual audits
Manage the yearend audit process with the various stakeholders
Ensure that the recommendations of internal and external audits are implemented and adhered to
Ensure proper disposing of surplus and/or underutilised assets as and when required
Take ultimate