Treasury Specialist (12 Months Contract)

SUMMARY:
The company requires a high performing Treasury Specialist to optimise liquidity management, mitigate financial risks, and improve cash flow sustainability.

POSITION INFO:

The incumbent will play a critical role in growing and optimising the company’s financial position by implementing robust treasury controls, raising and managing debt, and ensuring efficient capital allocation.

The purpose of this role is to be the custodian of assets and value protection as well as supporting the company’s financial strategy in creating cost-effective budget solutions that enhance the financial health of the organisation, also inculcating sound and effective corporate financial risk and governance measures through the optimisation of policies and standard operating procedure that are correctly implemented throughout the organisation with effective control mechanisms in place.

Outputs

Liquidity and Cash Flow Management:

• Monitor daily cash positions and forecast short and long-term funding requirements.
• Develop strategies to optimise working capital and reduce reliance on short-term borrowing.
• Implement cash preservation measures in line with the company’s turnaround objectives.

Debt and Funding Strategy:

• Develop a Funding strategy aimed at the short, medium and long-term financial needs.
• Conducts forward scenario planning on organisation-wide funding,
• Analyse and develop Funding Models that respond to the Annual Approved Budget.
• Determines financial risk related to Funding Strategies and plans for long-term sustainability.
• Plan scenarios around various funding options.
• Medium Term and Long-Term Investment decision analyses and review.
• Assess and restructure existing debt obligations to improve terms and reduce financial strain.
• Support negotiations with donors, partnerships, lenders, banks, and government stakeholders for favourable financing solutions.
• Explore alternative funding mechanisms (e.g., asset monetization, public-private partnerships).

Stakeholder Engagement:

• Collaborate with internal teams (Finance, Procurement, Operations) to align treasury activities with cost-saving initiatives.
• Liaise with external partners (banks, National Treasury, auditors) to ensure transparency and compliance.

a) Internal Collaboration:

Work closely with Finance, Procurement, and Operations to align treasury strategies with cost-saving initiatives.

b) External Partnerships:

Engage with banks, investors, National Treasury, and auditors to secure funding and ensure transparency.

Reporting and Governance:

• Prepare treasury reports for LPAs, EXCO, the Board, and regulators.
• Ensure adherence to PFMA (Public Finance Management Act) and other relevant legislation.
• Evaluate and restructure existing debt to reduce costs and extend maturities.
• Negotiate with financial institutions, government, and development funders for favourable funding terms.
• Explore alternative financing options (e.g., bond issuances, impact funds, asset-backed financing).

Banking and Treasury Operations:

• Oversee bank relationships, account structures, and transaction efficiency.
• Ensure compliance with treasury policies and internal controls.

Investment Management

a) Portfolio Strategy:

• Assess the company’s current investment portfolio (if applicable) and recommend adjustments for better returns.
• Develop an investment strategy
• Develop an investment policy aligned with the company’s risk appetite and liquidity needs.
• Introduce new financial markets counterparties
• Drive the preparation of the ratings process and organisational readiness for external borrowings

b) Capital Allocation:

• Advise on optimal allocation of surplus funds (e.g., CPD, and other permitted investments for LPAs and the company e.g. money market instruments, fixed-income securities).
• Monitor investment performance and regulatory compliance (PFMA, National Treasury guidelines).

Financial Risk Management

a) Risk Identification & Mitigation:

• Assess exposure to currency, interest rate, credit, and refinancing risks.
• Develops hedging strategies to mitigate foreign exchange risk.
• Manage Currency and Interest Rate Risk for the organization.
• Strengthen treasury policies, controls, and compliance with regulatory requirements.
• Advise on hedging strategies where applicable.
• Work closely with the Technology division advising, tracking and monitoring all their FX exposures.

Internal Controls and Compliance:

• Strengthen treasury risk frameworks and ensure adherence to PFMA, King IV, and other regulations.
• Conduct stress testing and scenario analysis for financial resilience.
• Stakeholder and Strategic Engagement.

Reporting and Governance:

• Prepare detailed treasury and investment reports for EXCO, the Board, and regulators.
• Present recommendations on financial strategies to support the company’s turnaround.
• Monitor and report on the operational risk and compliance profile as related to finance.
• Develop and review internal control measures to ensure good governance.
• Oversee the management of financial risks to protect organisational integrity, create value.
• Prevent financial loss and ensure compliance with applicable policies and regulations.
• Monitor the execution of Internal risk audits per the checklist to identify and address gaps and provide execution of mitigation strategies.
• Champion the business partner relationship, constantly seeking out ways of adding further value to the business through collaboration. Coaching, education, and appreciation of the business priorities.

Experience / Skills Required

• Minimum of 5 years'' experience in treasury/corporate finance, preferably in the public sector and/or Banking.
• Proficiency in treasury management systems (e.g., SAP, Fikon Star, Bloomberg).
• Financial modelling and cash flow forecasting.
• Expertise in treasury management systems (TMS) and ERP software (e.g., SAP).
• Knowledge of public sector financial regulations (PFMA).

Knowledge:

• Investment Legislation
• Business planning
• Budget management and forward scenario planning
• PFMA and relevant national treasury regulations
• Strategic management
• Financial accounting standards
• Trend analysis
• Understanding of the different Role players within the broadcasting landscape
• Understanding of applicable legislative frameworks and regulations

Qualification Requirement

• Bachelor’s degree in Corporate Finance/ Banking/Investment Management /Econometrics.
• Honors degree in Corporate Finance/ Banking/Econometrics/ Investment Management.

Personal Attributes/Behaviours/Attitudes

• Strong analytical and problem-solving skills.
• Ability to work under pressure in a turnaround environment.
• Excellent negotiation and stakeholder management skills.