Treasury Manager

SUMMARY:
Background:

• Excellent career opportunity within a leading manufacturing organisation for a Treasury Manager to facilitate currency conversions and manage foreign exchange rate risks

POSITION INFO:
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)

• 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

• 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

• 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

• 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.
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• Please take note that the applicants who do not adhere to the minimum requirements will not be considered for the respective position.
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• 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.