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New CFO Position at Commerce: Beginning of a Trend in NSW Agencies?

by Staff Writers •
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The new Director-General at Department of Commerce has wasted no time in starting to build the senior team he wants. John Lee was appointed on 8 August, and he's clearly keen get his senior staff in place quickly, with the advertisement for a new CFO.

This is a new position for Commerce, so new in fact that it does not appear on the organisation chart provided to prospective applicants for this position.

The appointment of a new CFO is appears to be evidence that the Department's structure is starting to modernise.

Reporting to the Director-General, this will be a key position given the diversity and complexity of the Department’s business model, including non-budget and budget dependent activities and functions that need to be managed in accordance with different Treasury requirements and policies . The non-budget dependent entities have a combined revenue of $442m and a throughput of $1.8b per annum.

Commerce' role as a central agency makes this role even more significant. CFO positions are relatively unusual within NSW Government agencies (outside trading organisations), so it is likely that the new CFO will be closely watched by other large agencies. They will be particularly interested in the new CFO's relationship with Treasury and the Office of Financial Management.

It's unlikely that this will be the end of organisational changes at Commerce. With the strengthening of the finance role, its possible that the new Director General will also be looking at other areas of the Department.

This position attracts a remuneration package within the range $214,351 - $247,300 per annum. The successful applicant will be on a performance-based contract for a period of up to five years.

The stated role of the position is to "Develop, implement and promote department wide performance reporting consistent with Treasury requirements for Results and Service Plan responding and the department’s internal performance reporting requirements." Click to see full details for the position.

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