Chief Financial Officer: CEF Trading

INTERNAL AND EXTERNAL VACANCY:  CHIEF FINANCIAL OFFICER: CEF TRADING

CEF SOC

CEF is a Schedule 2 state owned diversified energy company reporting to the Department of Mineral & Petroleum Resources. The Mandate of CEF is to contribute to the security of energy supply of South Africa and the Region through exploration, acquisition, development, marketing and strategic partnership. It is derived from the CEF Act (No 38 of 1977) and the Ministerial directives issued thereafter.

JOB PURPOSE:

Lead and oversee the Corporate Finance, Supply Chain Management and Treasury Management departments to ensure the provision of efficient and effective services to CEF Trading in accordance with legislative and statutory requirements. To provide financial insights into the operations of CEF Trading, advising on risks versus opportunities.

REQUIRED MINIMUM QUALIFICATIONS AND EXPERIENCE:

• Matric and honours degree in Commerce/ Accounting or Finance-related fields
• 15 years’ experience in Finance/Accounting/Auditing of which 10 years must have served in a senior managerial role and 5 years in a similar role.
• Registration as a Chartered Accountant will be an added advantage
  

DESIRED ADDITIONAL SKILLS/ COMPETENCIES:

• Demonstrated organisational leadership at strategic and operational levels and navigation in a complex organisation.
• Ability to articulate the big picture, combined with a self-directed commitment to advance and achieve agreed outcomes.
• Strategic thinker with strong negotiation skills.
• Critical skills: analytical ability, creativity, teamwork, communication, influencing and leadership.
• Statutory legal compliance (PFMA, Company law)

KEY PERFORMANCE INDICATORS:

Financial, Treasury and Supply Chain Management

• Oversee and provide leadership on the preparation of CEF Trading financial plan
• Oversee and provide guidance on the preparation of quarterly financial performance reports.
• Oversee and provide guidance on the preparation of CEF Trading Financial Statements
• Oversee and provide guidance on:

• Treasury Management
• Transactional Services
• Debt Management
• Expenditure Management
• Demand and Acquisition Management
• Asset Management
• Disposal Management
• Supply Chain Management functions
• CEF Trading

• Oversee the external and internal audit processes and monitor implementation of audit action plans.

Strategic Planning

• Approve and oversee strategic business plans for Corporate Finance and SCM
• Ensure that CEF Trading financial plan is aligned with strategy
• Provide strategic financial leadership and advise the Managing Director, GCEO, EXCO and the Board, as a subject matter expert, on the financial implications of the strategic business developments.
• Provide financial guidance to Departments in preparation of their financial plans.

Core Business support

• Provide business support to operations in relation to:

• Weighing investment and trading risks against opportunities
• Advising on capital structure
• Deal structuring
• Capital raising
• Trade financing

• Provide guidance to business on National Treasury guidelines around investment
• Monitor financial performance of projects and advice on potential financial sustainability negative or positive early warnings
• Advise business during contracting to influence the final accounting treatment of transactions of new deals.

Governance

• Oversee the development and implementation of policies and procedures for Corporate Finance and SCM aligned with legislation and financial and SCM prescripts.
• Oversee the review and development of Finance best practices by senior managers.
• Oversee and guide the preparation of risk management plans and monitor implementation of risk management plans.
• Ensure establishment of Bid Committees to deal with procurement requests.
• Give support to the Board in providing strategic financial advice to ensure best practice compliance and commercial sustainability.

Stakeholder Management

• Represent the Corporate Finance and Supply Chain Management departments in all relevant forums and meetings to ensure good flow of information.
• Serve as liaison office between AGSA and the entity and facilitate engagements between AGSA with the CEO and Board.
• Communicate with key clients and other stakeholders on their needs and resolve and respond to their queries.
• Interact with State Departments and other bodies where required.
• Interact with any software or other service providers to ensure SLAs have been met and contracts managed appropriately.

People Management

• Manage the work and performance of direct reports.
• Facilitate the development of performance management system and monitor, guide the direct reports accordingly on the performance improvement plans.
• Support personal development plans of direct reports and monitor personal development plans for the Finance and SCM team.
• Determine human resource requirements taking into consideration operational needs, skills scarcity and retention capability.
• Develop and monitor implementation of team career progression plan.
• Participate in the recruitment and selection of individuals according to job requirements, EE targets and guidelines.
• Address workplace conflict through the initiation and coordination of consultative processes and implementation of appropriate disciplinary procedures.

Publish date:   18 August 2026

Closing Date:  27 August 2026

NOTE: The successful candidate/s for the advertised position/s will be required to undergo personnel suitability checks, which includes, criminal records, citizenship, financial checks, qualifications and previous employment (Reference checks). It is the responsibility of the applicant to make sure that foreign qualifications are evaluated by the South African Qualifications Authority and the evaluation certificate is attached to the application on submission. If you do not hear from the CEF SOC three months after the closing date of the advertisement, consider your application unsuccessful.  CEF SOC reserves the right not to fill this position. CEF SOC is an equal employment opportunity and affirmative action employer, and it is committed to the achievement and maintenance of diversity and equity in employment, especially in respect of race, gender and disability. This position will be filled in accordance with the CEF SOC Employment Equity Plan.