Head: Financial Planning & Regulation

Operating Division:Transnet Rail Infrastructure Manager (TRIM)
Employee Group:Permanent
Department:TR-FIN-Financial Accounting/Stat Rep-PKT
Location:Parktown
Reporting To:General Manager: Finance
Grade:C
Reference:req5522

The closing date is on It is the responsibility of the applicant to ensure that HR has received the application before the closing date of the advertisement.

Position Purpose

Position Outputs

1. Strategic Financial Planning and Management Accounting
• Lead the consolidation of TRIM's annual budget, incorporating revenue, operating
expenditure (OPEX), capital investment (CAPEX), and capital operating expenditure
(COPEX) within agreed deadlines.
• Oversee the preparation of accurate monthly management accounts, forecasts, and
long-term financial projections (10-year plans) to inform TRIM Exco and Group Exco
decision-making.
• Drive product and service costing to inform commercial decisions, pricing strategies, and
Private Sector Participation (PSP) business cases.
• Determine reasonable expenditure targets based on Group guidelines, evaluate
motivations for additional funding, and review the accuracy of monthly phasing against
budget targets.
• Establish and monitor TRIM's working capital policy and prepare weekly cash flow
forecasts to inform funding requirements from Transnet Group and development finance
institutions (DBSA, AfDB).
• Assess financial performance and recommend corrective actions (e.g., cost saving initiatives, revenue enhancement strategies) to ensure financial targets are achieved.
2. Investment Management
• Oversee the consolidation of the annual capital programme budget, ensuring alignment
with TRIM's infrastructure renewal and expansion priorities.
• Lead the financial evaluation of business cases for capital investment projects (rail
network, support services), ensuring adherence to IFRS, IAS 16, and IFRIC 12
requirements.
• Manage the strategic financial processes for capital projects, including cash flow
forecasting, budgetary adherence, and evaluation of cost reviews.
• Ensure compliance with PFMA and Delegation of Authority (DoA) for all capital
expenditure, contracts, and asset transactions.
• Serve as the primary finance liaison with internal and external auditors on all matters
pertaining to the capital programme.
3. Regulatory Tariffs and Revenue Assurance
• Oversee the tariff application process, including strategic financial modelling, scenario analysis, and engagement with Transport Economic Regulator (TER) / IRERC.
• Lead the development and maintenance of regulatory mechanisms and frameworks, including tariff methodology, pricing strategy, and regulatory accounts.
• Drive the revenue assurance agenda to eliminate revenue leakage, minimise revenue exposure, and ensure end-to-end revenue integrity across all TRIM income streams.
• Manage TRIM's participation in public consultation processes regarding regulations, rules, guidelines, and directives for rail infrastructure regulation.
• Provide expert advice and present results of regulatory and economic studies to TRIM
Exco and the Regulator.
4. Financial Modelling and Strategic Scenario Analysis
• Lead the development, maintenance and governance of TRIM's integrated financial models, including corridor-level models, long-term financial forecasts, tariff scenarios, capital prioritisation models and sustainability projections.
• Provide scenario analysis, sensitivity testing, NPV/DCF evaluation, affordability assessment and funding requirement analysis to support tariff applications, BFI submissions, PSP/concession decisions and executive investment choices.
• Establish modelling standards, version control, assumption governance and audit trails to ensure models are robust, transparent, reproducible and defensible for CFO, Exco, Board, National Treasury, Regulator and AGSA purposes.
• Translate complex financial modelling outputs into clear executive insights, decision papers, regulatory evidence, corridor prioritisation recommendations and long-term financial sustainability options.
5. Governance, Compliance, and Audit
• Ensure full compliance with IFRS, PFMA, Companies Act, and King IV Code across all financial planning, capital investment management, and regulatory activities.
• Establish and maintain robust internal controls over budgeting, capital allocation, revenue integrity, and regulatory reporting.
• Manage the external audit process (AGSA) for the Financial Planning and Regulation function, ensuring audit deadlines are met with minimal adjustments.
• Lead the development and implementation of financial systems and process improvements to enhance reporting, data analytics, and operational efficiency.
6. Leadership and People Management
• Design and lead the Financial Planning and Regulation departmental structure, with four senior management sub-functions: Management Accounting and Budgeting, Investment Management, Regulatory Tariffs and Revenue Assurance, and Financial Modelling.
• Lead, mentor, and develop staff to meet the objectives of their roles’, ensuring performance is evaluated, training targets are met, and succession planning is in place.
• Drive a culture of high performance, integrity, and continuous improvement within the department, aligning TRIM's values and strategic objectives.

Qualifications and Experience

• Bachelor's Degree in Accounting, Finance, Financial Management, or Economics with
CA(SA), CIMA (ACMA, CGMA), or CFA qualification being strongly preferred.
• 10–12 years’ relevant experience in senior finance, FP&A, management accounting,
infrastructure finance, regulatory finance, investment appraisal, tariff/pricing or financial
modelling, including at least 5 years at senior management level.
• Proven experience in financial modelling, scenario analysis, DCF/NPV/IRR evaluation,
tariff/pricing models, capital prioritisation, revenue assurance and executive decision-support reporting.
• Experience in rail, transport infrastructure, utilities, energy, ports, regulated industries,
public entities or other capital-intensive environments is advantageous.
• Advanced Excel and financial modelling capability essential; ERP, BI or data analytics
experience advantageous.
Standard Job Requirements
• Driver’s license code 08
• Travel as required and approved

Competencies

Strategy & Sustainability
•Strategic Thinking
Translates strategies into measurable goals and objectives to achieve the organisations vision.
•Commercial Awareness
Keeps abreast of internal and external factors that can impact the business; is aware of developments in organisational structures, economics and politics where relevant
•Innovating
Generates new ideas or solutions by thinking "outside of the box"; reviews current processes or systems and identifies ways to optimise them
Inspirational Leadership
•Inspiring People
Inspires, motivates and empowers team members to do their
best
•Managing Talent
Provides clear direction and sets performance standards/ requirements for the team
•Leading Change
Manages and directs change initiatives.
•Embracing Diversity
Manages and promotes equal opportunity and has an appreciation for diversity in the workplace
Business Performance and Delivery
•Lead Business Performance
Manages the business to be more efficient and effective Strategic Decision Making Is decisive and takes full accountability for decisions
•Business Acumen
Understands and deals with various business situations using obtained knowledge and a broad spectrum of expertise
•Analyzing
Thinks in a systemic way and is open to new approaches
Relationship Management
•Communicating Effectively
Communicates the business strategy and objectives in a clear and manner
•Collaborating and Networking
Build wide and effective relationships with people inside and outside of the organisation to help achieve the Organisations goals and objectives.
•Service Orientated
•Leading Governance
•Leading Safety Practice
•Leading Risk Management
•Learning and Applying Expertise
•Resilience
•Emotional Intelligence
•Vigour & Personal Drive

Equity Statement

Preference will be given to suitably qualified Applicants who are members of the designated groups in line with the Employment Equity Plan and Targets of the Organisation/Operating Division.

Disclaimer

If you have not heard from Transnet within 90 days, please consider your application as unsuccessful.

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