This role is responsible for ensuring that effective financial systems and procedures have been established, are being consistently followed and are in line with best practice and legal requirements. Working closely with the business units, the Treasurer will also be responsible for managing the total group working capital management program, including forecasting of funding inflows and outflows. The ongoing review of the systems to meet the ever-changing needs of the business is an important area of focus. The Omnia spirit underpins its service ethic, brings innovation to the fore, creates value for its customers and ensures integrity in all that it does. This role will be reporting directly into the Group Financial Director.
3. Main Outputs and Responsibilities for This Position
(Please provide a short description under each heading/output) Time spent
Liquidity Management
• Advise on the organisation's fundraising strategy
• Ensure use of funds complies with conditions set by the financial institutions as lenders to the Group
• Ensure fundraising. funding instruments and mechanisms, repatriation of funds and company policies complies with relevant legislation and is bound by effective treasury and financial systems and controls
• Ensure effective monitoring and reporting on cashflow, funding requirements, covenants and borrowing limits
• Ensuring that a company's cash flow is adequate to allow it to operate effectively, with a good understanding of the cashflow forecast and variability therein
• Forecasting cash payments and anticipating challenges arising from underlying cash flow in the business units and at Group level
• Undertaking risk management activities to protect the company's financial well-being
• Operating within the board approved funding and hedging policies and making recommendations to improve where possible
• Evaluating the financial impact of new business ventures in terms of funding requirements
• Managing daily cash balances and trading in the financial markets, including the booking and management of foreign exchange contracts, export collars and other derivative instruments as well as the cost to the business
Relationship Management
• Maintain relationships with banks, financial institutions and treasury outsource company to optimize the net cost of funding the business
• Negotiating loan or overdraft terms with company bankers and financial institutions
• Build and maintain positive relationships throughout the Group's divisions and global footprint, working closely with the financial directors, financial managers and where necessary the managing directors as part of the overall financial management of the business through the treasury function
Risk Management
• Group wide exchange rate and commodity price risk management
• Controls over the management of foreign exchange contracts
• Maintaining various South African Reserve Bank approvals and operating within the prescribed limits
• Understanding the requirements of the local reserve banks in other countries and the rules that apply with respect to the import and export of funds, the use of overdraft and other banking facilities, the rules and cost for the conversion of local and other currencies in respect of transactions
• Evaluating the foreign currency and treasury issues and risks when deciding to set up business in a new international jurisdiction
Divisional treasury involvement
• Question the operations on funding requirements and working capital optimization
• Consider return on total funds of Group operations
• Ensure maintenance of and compliance to financial risk management
OTHER SPECIAL REQUIREMENTS:
4. COMPETENCIES
COGNITIVE COMPETENCIES
• Good communication skills
• Team player.
• Proven leadership skills, with good written and oral communication.
• Strong facilitation, commercial negotiation, influencing and communication skills, and leadership abilities both inside and outside the organization.
• Change management and conflict management skills.
• Excellent presentation skills.
• Business acumen with a flair for economic analysis, with a strong understanding of global politics and the impacts on exchange rates.
• Excellent financial modeling skills, particularly in demonstrating the benefits of using various complex financial instruments.
• Risk management of the total treasury function (including accounting impacts under IFRS)
• Strategic understanding of the issues and developing the necessary approach to address these areas
• Excellent knowledge of the local and international foreign exchange and commodity markets
• Professionalism.
• Innovative with knowledge of treasury and financial accounting systems,
• Ability to handle high levels of pressure and critical decision-making.
• High integrity and openness combined with com
This role is responsible for ensuring that effective financial systems and procedures have been established, are being consistently followed and are in line with best practice and legal requirements. Working closely with the business units, the Treasurer will also be responsible for managing the total group working capital management program, including forecasting of funding inflows and outflows. The ongoing review of the systems to meet the ever-changing needs of the business is an important area of focus. The Omnia spirit underpins its service ethic, brings innovation to the fore, creates value for its customers and ensures integrity in all that it does. The Group comprises a balanced and diversified range of complementary chemical services businesses with a broad geographic spread. The Group extracts operational synergies and efficiencies across its businesses. It has been in business since 1953 and is listed in the Chemicals sector of the Johannesburg Securities Exchange. This role will be reporting directly into the Group Financial Director.
1. Main Outputs and Responsibilities for This Position
(Please provide a short description under each heading/output)
Time spent
Liquidity Management
· Advise on the organization's fundraising strategy
· Ensure use of funds complies with conditions set by the financial institutions as lenders to the Group
· Ensure fundraising. funding instruments and mechanisms, repatriation of funds, and company policies comply with relevant legislation and is bound by effective treasury and financial systems and controls
· Ensure effective monitoring and reporting on cashflow, funding requirements, covenants, and borrowing limits
· Ensuring that a company's cash flow is adequate to allow it to operate effectively, with a good understanding of the cash flow forecast and variability therein
· Forecasting cash payments and anticipating challenges arising from underlying cash flow in the business units and at the Group level
· Undertaking risk management activities to protect the company's financial well-being
· Operating within the board approved funding and hedging policies and making recommendations to improve where possible
· Evaluating the financial impact of new business ventures in terms of funding requirements
· Managing daily cash balances and trading in the financial markets, including the booking and management of foreign exchange contracts, export collars and other derivative instruments as well as the cost to the business
Relationship Management
· Maintain relationships with banks, financial institutions and treasury outsource company to optimize the net cost of funding the business
· Negotiating loan or overdraft terms with company bankers and financial institutions
· Build and maintain positive relationships throughout Omnia’s divisions and global footprint, working closely with the financial directors, financial managers and where necessary the managing directors as part of the overall financial management of the business through the treasury function
Risk Management
· Group wide exchange rate and commodity price risk management
· Controls over the management of foreign exchange contracts
· Maintaining various South African Reserve Bank approvals and operating within the prescribed limits
· Understanding the requirements of the local reserve banks in other countries and the rules that apply with respect to the import and export of funds, the use of overdraft and other banking facilities, the rules and cost for the conversion of local and other currencies in respect of transactions
· Evaluating the foreign currency and treasury issues and risks when deciding to set up business in a new international jurisdiction
Divisional treasury involvement
· Question the operations on funding requirements and working capital optimization
· Consider return on total funds of Group operations
· Ensure maintenance of and compliance to financial risk management
OTHER SPECIAL REQUIREMENTS:
2. COMPETENCIES
Cognitive Competencies
· Good communication skills
· Team player.
· Proven leadership skills, with good written and oral communication.
· Strong facilitation, commercial negotiation, influencing and communication skills, and leadership abilities both inside and outside the organization.
· Change management and conflict management skills.
· Excellent presentation skills.
· Business acumen with a flair for economic analysis, with a strong understanding of global politics and the impacts on exchange rates.
· Excellent financial modelling skills, particularly in demonstrating the benefits of using various complex financial instruments.
· Risk management of the total treasury function (including accounting impacts under IFRS)
· Strategic understanding of the issues and developing the necessary approach to address these areas
· Excellent knowledge of the local and international foreign exchange and commodity markets
· Professionalism.
· Innovative with a knowledge of treasury and financial accounting systems,
· Ability to handle high levels of pressure and critical decision-making.
· High integrity and openness combined with commitment to good governance.
· Energetic, highly motivated, with an enquiring mind and passion for excellence and innovation in pursuit of business growth and success.
Intrapersonal Competencies
·
Interpersonal Competencies
·
Communication Competencies
·
3. KNOWLEDGE & SKILLS
Formal Education
Experience
· Qualified CA (SA)
· Treasury Management Certificate / Relevant Post Graduate Qualification-essential
· Member of the Association of Corporate Treasurers of Southern Africa (ACTSA) – Advantage
· MBA will be advantageous.
· 15+ Years' applied experience within Treasury and Financial Management – essential
· 10+ Years' Experience within a Senior Management role within Treasury with a large multi-national group with operations in Africa and other parts of the world – essential
mitment to good governance.
• Energetic, highly motivated, with an enquiring mind and passion for excellence and innovation in pursuit of business growth and success.
INTRAPERSONAL COMPETENCIES
•
INTERPERSONAL COMPETENCIES
•
COMMUNICATION COMPETENCIES
•
5. KNOWLEDGE & SKILLS
Formal Education Experience
• Qualified CA (SA)
• Treasury Management Certificate / Relevant Post Graduate Qualification-essential
• Member of the Association of Corporate Treasurers of Southern Africa (ACTSA) – Advantage
• MBA will be advantageous. • 15+ Years' applied experience within Treasury and Financial Management – essential
• 10+ Years' Experience within a Senior Management role within Treasury with a large multi-national group with operations in Africa and other parts of the world – essential
