POSITION

Head of Treasury – Reporting to Chief Financial Officer

LOCATION

Gauteng

SALARY

R1 000 000 – R1 200 000 CTC per annum

SUMMARY

The main purpose of this role is to support the company’s Treasury function cash flow forecasting, liquidity management, day-to-day cash management activities, weekly and monthly reporting as well as other treasury-specific ad hoc tasks. The key aim for this person is to support the business’s cash requirements to ensure money is in the right place at the right time to achieve the business’ cash goals.

RESPONSIBILITIES

Oversee the treasury funding function, which includes the raising and management of various instruments in the capital market (Listed Bond program, Asset-Backed securitisation, various structured loans with local and international banks, etc)
Ensure adequate funds availability at the required times.
Responsibility for ensuring that Treasury covenants are met at all times, which ensures adherence to Global Treasury requirements
Approve all remittance funding payments.
Preparation and review of the cash flow forecast.
Update the forecast with actual data and report variances and compliance with company covenants as set out about the company’s bank facilities.
Daily, weekly, and monthly liquidity management and ensuring cash controls are in place and maintained.
Analysis of business cashflow forecasts
Management reporting on liquidity and cashflow position
Preparation of Treasury Forecasts and Budgets and input into Budget systems (Anaplan).
Management of the company’s banking relationships.
Maintaining the service level agreement between the Company and the banks.
Review the analysis of bank charges and interest rates applied to the bank accounts.
Act as a point of contact in respect of managing account limits and release of all payments.
Responsibility for all banking matters – managing loan facilities and bank compliance, guarantees, investments and facilitating, maintenance and renewal thereof.
Assist in the documentation and improvement of treasury policies and procedures.
Represent Treasury on cross-functional teams, including initiatives with Projects and business Development to add value and drive financial performance.
To provide Treasury support on financing, projects and operations across the organisation where Treasury representation is required.
Assist the organisation setting and management of payment allocation.
Liaise with other functional areas on all aspects of Treasury needs, including funding, liquidity, capital, asset/liability management, foreign exchange, cash management & treasury operations.
To lead Treasury initiatives to develop and improve processes and improve efficiency.
To prepare and provide reports to senior management on Treasury matters as appropriate.
Management of the Intercompany transaction process, including reporting
Managing all Forex-related transactions across the business
Responsible for all elements of the Treasury system – Integrity

MINIMUM REQUIREMENTS

Minimum Qualification: CA (SA)
Experience Required: Five to eight years’ treasury experience of which at least three years managing a team.
Preference: Preferences would be given to someone with Treasury experience from a Financial Services provider
Valid Driver’s Licence