Commercial Manager

South African Reserve Bank - Pretoria, Gauteng

Job closed


Contract type
Application deadline


Commercial Manager

The purpose of this position is to provide strategic commercial and business advice to management in driving the business and supporting growth and transformation in the South African Reserve Bank (SARB).

Detailed Description

The successful candidate will be responsible for the following key performance areas:

  • Coordinate commercial and economics input to capital spend and new business initiatives within the SARB, within the framework of the SARB”s strategic initiatives.
  • Develop and implement a budget plan that reflects 3 to 5 year objectives and priorities of relevant SARB departments, brought down to a 1 year operational view.
  • Promote and maintain appropriate relationships with key stakeholders (internal, external e.g. industry stakeholders suppliers).
  • Produce reporting and management information in order to facilitate appropriate internal liaison and support management decision making (working with budget representatives across the various departments in SARB).
  • Proactively engage with business partners to understand the relevant key cost drivers of departments.
  • Drive commercial negotiations and supply arrangement with relevant key cost drivers of departments.
  • Ensure successful communication of the relevant department budget in alignment with the Bank’s strategy and budget objectives.
  • Provide sound input into all investment cases for relevant (i.e. IT and Corporate Services departments and other strategic business projects) and actively seek value creation opportunities.
  • Designing and implementing a commercial decision-making framework for the SARB (benchmarked and following leading best practice) including methodology and templates for assisting and supporting heads of department in their planning process.

Job Requirements

To be considered for this position, candidates must have:

  • a minimum of an Honours degree in commerce/law, finance/business Chartered Accountant (CA (SA) qualification; and
  • a minimum of 10 - 12 years’ experience in a commercial business function with adequate experience at a senior level.

The following would be an added advantage:

  • A CIMA, CA (SA) MBA, process engineering or project management qualification;
  • exposure to corporate finance.

Additional requirements are as follows:

  • industry, organisational and business awareness knowledge and skill;
  • quality assurance knowledge and skill;
  • continuous improvement knowledge and skill;
  • continued learning and/or professional development knowledge and skill;
  • continued learning and/or professional development knowledge and skill;
  • excel modelling of financial implications to business over a 7 to 10 year life cycle;
  • analytical capability;
  • familiarity with requisite commercial contracts;
  • good understanding across the business life cycle, especially capital projects;
  • In depth knowledge of the business economic value drivers and analysis;
  • leading change and empowerment;
  • driving results;
  • effective communication;
  • impact and influence;
  • building & maintaining relationships – internal and external;
  • negotiating;
  • flexibility.

How To Apply

All interested parties are invited to apply.

Internal applicant: Please note that internal applicants MUST apply through the ERP system.

External applicant: External applicants MUST apply online, via .

  • All available vacancies will be visible.
  • Please follow the links: Careers@SARB>Current vacancies.
  • L ogin>

– Is this your first visit to our Job Site?> Register today (Ensure that you include all your skills and qualifications during the registration process.) ; OR

– Already registered on our Job Site?> Already registered?>Login here

  • Date posted>Last 6 weeks (in the dropdown menu)
  • Select the appropriate IRC number to view the full advertisement.

Do not enclose copies of your identity document or qualifications with your application.

Shortlisted applicants will be subjected to a psychometric assessment, an appropriate reference check and a security clearance as part of the selection process.

The closing date for applications is 20 January 2020. Late applications will not be considered.

In line with the SARB’s commitment to diversifying its workforce, preference will be given to suitable candidates from designated groups. People with disabilities are welcome to apply.

The SARB offers remuneration and benefits commensurate with the level of the position and in line with the market. The level at which the successful applicant will be appointed will depend on his/her experience and competence.

Ms Sarah Molomo

Senior Manager: Recruitment and Selection

Human Resources Department

Currency ZAR

Amount of Travel

Work At Home


Min education
University attendance
Required experience
12 Years
Not defined
Not defined
Not defined



Did not find vacancies of your interest?

Register to be informed when we have suitable positions for your profile.
By registering, you accept our Terms and conditions