Chief Financial Officer

NT - Bachelor Institute of Indigenous Tertiary Education

Darwin, Northern Territory, Australia

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Job Posted: 09/10/2018

Job Category:

Executive / CFO / Finance Director

Job description:
Position description

Position title Chief Financial Officer

Position number 9044

Position classification EOCBI

Division Operations

Location of position Batchelor

Tenure of position Three year fixed term appointment

Immediate supervisor Chief Operating Officer

Positions supervised Manager of Financial Accounting and Manager of Management


Special features of position N/A

1. Position overview:

The Chief Financial Officer plays a key role in the support of operational and financial decision making

of the Institute through the provision of accurate and timely financial advice, budget development and

the analysis of trends in income and expenditure. The Chief Financial Officer is responsible for the

provision of financial services to the Institute. In addition, the Chief Financial Officer adds commercial

value to the business by working closely with the Executive Leadership Team (ELT) to drive consistent

best practice and optimal financial decision making.

2. Key Responsibilities:

? Provide advice to the Executive Leadership Team on all aspects of the Institute’s financial

management, operations and reporting.

? Provide advice to Management so that strategic business decisions are informed, relevant, and

consistent with agreed performance measures and strategic objectives defined in the Institute’s

strategic and business plans.

? Through the provision of monthly, quarterly, half yearly and annual reports, ensure that

Management are aware of trends in income and expenditure in the context of the annual budget.

Identify specific issues which are influencing budget outcomes.

? Provide leadership in the development and implementation of Institute-wide financial management

practices including meeting legislated reporting obligations.

? Lead the Institute’s annual budget development and review process, ensuring that all key

business objectives, budget trends or issues and KPIs are identified and appropriately inform the


3. Provide direction to the Institute’s financial operations:

? Lead the Finance Unit in the delivery of best practice financial services to the Institute through the

provision of financial advice and services to the Executive Leadership Team and their Divisions.

? Provide guidance for change initiatives across the organisation by shaping the financial services

business function in order to deliver on business imperatives.? Manage the development, approval, communication and implementation of all frameworks,

policies and procedures relating to financial services in the Institute.

? Seek to continuously improve the services provided by the Finance Unit including financial and

management accounting, financial operations and financial systems.

? Conduct financial analysis and reviews of strategic business initiatives to ensure adequate

financial resourcing and consistency with business objectives.

? Periodically examine financial policies, practices and reporting to ensure compliance with

accounting policies and standards and identify and implement rectification strategies for non-


? Provide accurate and timely financial information for examination by the auditors or other external

stakeholders as required.

? Develop and implement an Internal Audit Plan and contribute to the Finance, Audit and Risk

Management Committee (FARMC) in an advisory and reporting capacity.

? Collaborate with Institute Divisions, Teams and Committees to support the achievement of

sustainable, compliant and strategically aligned project funding outcomes.

4. Staff capability leadership:

? Mentor and coach finance and non-finance team members to create an environment that

motivates and engages staff to perform at their best.

? Enhance organisational financial management performance by working closely with and up-

skilling functional and operational managers across the Institute.

? Negotiate annual work and development plans for own staff.

? Support staff in identifying capability gaps, areas of quality in their performance and career

aspirations. Developing strategies to enhance performance and close capability gaps.

5. Essential selection criteria

1. Relevant tertiary qualifications and either CA or CPA membership.

2. Strong working knowledge of Australian Accounting Standards and Corporate Accounting

principles and practices.

3. Excellent working knowledge of financial and performance business management functions and

the ability to provide advice that supports executive level strategic business decisions and meets

statutory and regulatory obligations.

4. Excellent conceptual, analytical and risk management skills with a capacity to manage in a way

that minimises risk exposure.

5. Demonstrated experience managing large and complex budgets.

6. High level people management skills including the ability to monitor the performance of staff,

manage change and develop staff skills.

7. High level interpersonal and communication skills, including effective leadership, consultation,

facilitation, negotiation and presentation skills including a demonstrated ability to apply these

skills in leading complex and difficult discussions relating to the Institute’s finances.

8. Thorough understanding of and commitment to equal opportunity principles, affirmative

action and a demonstrated capacity to work within the social, political and cultural

context of Aboriginal and Torres Strait Islander communities.

Applications close: Sunday 28th October 2018

The position description is available from the Institute’s website

vacancies or by contacting the Human Resources Unit on (08) 8939 7443 or (08) 8939 7393.

All enquiries and applications are to be forwarded directly to Natalie Chapman – 8939 7424


The Institute reserves the right not to make an appointment, or to vary the type of appointment.

Priority consideration for Aboriginal and Torres Strait Islander applicants.