About the position
Background:
- Excellent career opportunity within a leading manufacturing organisation for a Treasury Manager to facilitate currency conversions and manage foreign exchange rate risks
Minimum Requirements:
- Bachelor's Degree in Economics
- 5-6 Years’ treasury management experience
- Experience working with global teams
- Advanced skilled in Microsoft Windows & Excel
- Ability to translate financial information onto graphs and other reporting tools
- Excellent knowledge of ERP system (Syspro/SAP)
Responsibilities:
- Streamline processes & improve efficiencies through developing, implementing & maintaining an automated process for foreign payments
- Manage foreign exposure through hedges in line with the local and Brazilian company policies
- Oversee foreign cash management/treasury functions, incoming funds etc.
- Ensure & check foreign creditor reconciliations on a monthly basis, verify before paying foreign creditors
- Project manage fixed asset tagging & audit finding processes & compare to asset insurance lists & business units fixed asset registers
- Report variances between these three sources every 2nd year
- Coordinate SARS advance payment PIN management process
Manage registers, including but not limited to:
- Advance payment and register;
- Custom entries for SARB purposes
- Guarantees;
- Expiring of guarantees;
- Letters of credit
- Analyse all FX variances, review Syspro calculations
- Provide monthly average foreign exchange rate cover, determined by derivatives taken out
- Determine bi-monthly the Group’s foreign currency exposure, in USD, EURO and GBP
- Review & monitor foreign currency bank accounts
- Process inter-company transfers & authorise where required, in line with the current signature mandate
- Manage foreign petty cash & imprint system, automate process
- Assess merchanting transactions & update registers on current state of affairs, to ensure effective control on the foreign currency inflows & outflows
- Determine early drawdown or extending on both buy and sell contracts
- Review & submit SARB report
- Ensure company’s currency report is accurate & matched against that of FNB
- Optimise cash stuck within other legal entities in Africa countries, within the Group
Oversee & manage other ad-hoc projects, as and when required, including but not limited to:
- Audit & internal audit findings
- Costing & analyses of amongst others, hedging and funding activities
- Investigate cash management issues for internal or external support
- Coordinate notifications of payment from company’s Equipment division in Ghana & ensure all invoices are checked, corroborated & triangle shipments & direct exports are matched to the Supplier’s commercial invoices
- Responsible to stay up to date with FNB dealing room on rates for Spots, Vanillas, both for South Africa & Ghana
- Update, all foreign payments, terms, value & beneficiaries, weekly
- Maintain various banking mandates, for Group & review on quarterly basis
- Maintain Group’s various online banking platforms.
- Obtain access to all Group’s African banking entities, both online banking and establish signatories, in line with the African liquidation plan
- Maintain credit card register and review monthly spending, report findings to CFO and Senior FM
- Verify that reconciliations are maintained for each card, no top ups, without reconciliations
- Maintain fleet card register and review monthly spending, exception reports, maintenance tracking
- Report back on Users spending in excess of their limits
- Manage the FICA and UBO requirements as are required by the financial institutions
TO APPLY:
- Only if you meet the minimum job requirements and experience as mentioned above, you may submit a detailed updated CV.
- Please Apply Online and complete your registration via our website to enable and protect you as a candidate and to accept the new POPIA terms and conditions.
- This will then create your permanent profile with which you can apply for all jobs as advertised by AJ PERSONNEL.
- However, you may remove your profile from AJ PERSONNEL when you are no longer in the job market.
- Please take note that the applicants who do not adhere to the minimum requirements will not be considered for the respective position.
- Note our clients may expire jobs at their own discretion.
- AJ PERSONNEL will only respond to shortlisted candidates.
- If you have not received a response within two (2) weeks from applying, your application was then unsuccessful for that specific position, however your profile remains on our system for future opportunities.
Desired Skills:
- Treasury functions
- Foreign cash management
- Analyse FX variances
- SARB reports
- Audits
- Streamline processes
- Treasury Manager
Employer & Job Benefits:
- Medical Aid and Pension Fund
