POSITION: GROUP TREASURY & AMS FM

REPORTS TO: CHIEF FINANCIAL OFFICER

DIRECT REPORTS: NONE

JOB OBJECTIVE

• Responsible for cash flow management, forecasting and reporting , as well as funding, across the group
• Managing relationship with debt providers and responsible for related internal and external reporting
• Supervising hedging activities across the group
• Providing accurate divisional financial reports and interpreting financial information
• Ensure compliance with all regulatory requirements
• Leadership and mentoring of staff and coordination of their activities
• Divisional treasury function
• Administration and completion of all existing and future projects
• Developing and implementing financial management controls to minimise financial risks
• Managing budgets and forecasts
• Minimising internal/external audit findings
• Achieving cash conversion targets for the division
• Providing commercial/financial support to all divisional function

TASK DESCRIPTION
• Cash flow management and forecasting for the group including engaging with subsidiary FM's and measuring their budgeted cash flow vs actual cash flow and ensuring excess cash is swept to Head office;
• Building and maintaining a forecast IS, BS and cash flow model including covenants which can be used for ongoing use when applying for bank finance
• Managing the cash management system of the group. This will include an initial clean up exercise of streamlining bank accounts and ensuring all subsidiaries are part of the cash management system. (Candidate should have a working knowledge of cash management systems)
• Knowledge of LC's and Guarantees and working with subsidiaries to manage their LC requirements;
• Management of the working capital facilities and allocation across the group;
• Management of the Hedging (Interest rate and FX hedging) across the group;
• Covenant reporting to the banks as well as providing the Information undertakings to the lenders on an ongoing basis
• Management of the group Term facilities on an ongoing basis
• Building and maintaining relationship with the Banks, specifically from an operational and working capital perspective
• Divisional Cash flow Consolidation and review
• Release Payments
• Liaison with Bank/HO Treasury where required
• Commentary of Accounts Receivable and Payable DSO’s
• Accounts Receivable and Payable Age Analysis review
• Achievement of cash conversion targets
• Divisional monthly results review
• Month end Divisional commentary for HO submission
• Divisional WC Review and Commentary
• Preparation and Distribution of Divisional Reporting Packs
• Review and consolidation of monthly rolling forecast
• Review of monthly internal IFRS packs
• Review of internal tax packs
• Review of Provisional tax computations
• Review of Operating Company AFS
• Intercompany reconciliations
• Manage Divisional Audit process
• Review Audit Management letters and implementation of controls thereof
• Review Key Balance sheet reconciliations
• Quarterly review of Divisional Balance Sheet reconciliations
• Review of Inventory Balances to Management System
• Review of obsolete stock and slow-moving stock provision
• Review and Approve Payroll from HR
• Set and Review of Annual KPI’s for self and staff
• Staff management ensuring correct staff in correct positions
• Manage Budget and forecast process
• Consolidation of Divisional budgets (I/S, B/S, CF and Capex) and preparation of Budget pack
• Quarterly insurance review
• Identify and react quickly to problems and develop appropriate internal controls to minimize financial risk
• Conducting reviews and evaluations for cost-reduction opportunities
• Prepare ad hoc analyses and reports as required
• Attend to ad hoc queries as required

KEY PERFORMANCE INDICATORS

• Effectiveness of cash management and reporting across the group
• Effectiveness of hedging strategies across the group
• Value of input into key financial decisions taken
• Strength of relationships and ongoing support from debt providers
• Reduction in Internal and External audit management report issues
• Improvement on Cash Conversion Cycle (Working Capital Days)
• Implement effective Processes and Procedures that drive efficiencies and productivity within Finance department
• Measurement and achievement of the prescribed EBITDA


QUALIFICATION AND EXPERIENCE

• Qualified CA (SA), in good standing
• Seven (7) years’ experience in a manufacturing/brands environment
• Seven (7) years’ Treasury & Finance management experience
• Five (5) years’ Managerial experience


Should you not be contacted within two weeks of your application being submitted, please consider your application unsuccessful. Closing date will be the 27th December 2019