Treasury Manager

2 weeks ago

Sandton, South Africa Discovery Ltd. Full time

Business Unit:
Discovery Card
Function:Treasury
Date:4 Jun 2024
About Discovery

  • Discovery's core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align with those of Discovery. Our fastpaced and dynamic environment enables smart, selfdriven people to be their best. As global thought leaders, Discovery is passionate about innovating in order to not only achieve financial success, but to ignite positive and meaningful change within our society.
    About Finance Treasury
Group Treasury is responsible for the daily operations of all banking activities for the Group and administered medical schemes.

Key Outcomes may include but are not limited to:
We are looking for a highly skilled and experienced Manager to join our Group Treasury.

You will be responsible for overseeing the day-to-day operations of the treasury team, ensuring efficient cash management, managing financial risk and controls.

This role requires strong leadership skills, ability to communicate to senior management in the organisation, financial acumen, ethical standards, and an incumbent that has proven skills operating in a highly pressurized real time environment and can multi-task.

Individual should have decision making skills, analytical and problem-solving skills to manage any challenges.

Areas of responsibility may include but not limited to:

Team Leadership

  • Provide leadership, guidance, and mentorship to a team of treasury professionals.
  • Set clear objectives, delegate tasks effectively, and monitor team performance to ensure goals are met.
  • Foster a collaborative and supportive work environment that encourages growth and development.
  • Back Up to staff on their daily function when required.
  • Managing and checking that daily tasks are completed by the end of each business day.
  • Providing weekly feedback to management
  • Ensuring all daily SLA are met within the team.
  • Ensuring all SOP, processes and controls are adhered to within the team.
  • Strong decisionmaking skills required and ability to liase with senior management.
  • Assisting in implementation of new processes
  • Assisting in new projects in the area

Cash Management:

  • Manage daily cash positions, including cash flow forecasting, and optimizing cash balances.
  • Reviewing the daily execution of payments and transfers via the online platform are successful.
  • Monitor bank account activity and ensure funding is sufficient for all outflows
  • Managing and checking all investments maturities are received into the bank accounts.
  • Ensure accuracy and compliance.
  • Compile cash flow forecast for the Group and understand the variances

Treasury Operations:

  • Managing the opening and closing of all bank accounts
  • Managing the setup of new and closed accounts on investment system which will include linking and delinking of accounts.
  • Maintenance of bank accounts, signatories on external and internal systems
  • Oversee treasury operations, including Forex payments, ordering of corporate, petrol and foreign Currency Cards and orders.
  • Maintain banking relationships and negotiate banking services to optimize cost and efficiency.
  • Managing the internal inbox to ensure all calls logged.
  • Monitoring and ensuring the daytoday function of the Payment Approval area is performed.
  • Daily QA of functions within the area
  • Assisting with internal and external audit
  • Continuously evaluate and improve treasury processes and systems to streamline operations and enhance controls.

Financial Analysis and Reporting:

  • Prepare, analyze financial reports with accuracy which includes monthly reports i.e. Head Count, Payment Approval & Cash figure & EXCO reports.
  • Assist with the preparation of weekly and monthly cash flow for Discovery Group
  • Ensure all reports are provided to business within the stipulated SLA.
  • Assist and overseeing the reconciling monthly investment statements.

Personal Attributes and Skills

  • Excellent verbal and written communication skills, with the ability to present financial information clearly to senior stakeholders
  • Excellent analytical skills with the ability to identify financial data.
  • Effective communication skills and ability to collaborate with crossfunctional teams, senior leadership, internal and external audit teams, and financial institutions.
  • Leadership qualities such as integrity, accountability, and a proven track record of building and developing teams in a highly pressurized and fastpaced team
  • Works in a systematic, methodical and orderly way
  • People survey and builds rapport
  • Takes account of a wide range of issues across and related to the organization
  • Understanding of financial risk and mitigation strategies to reduce risk
  • Works productively in a pressurized environment
  • Accepts and tackles demanding goals with enthusiasm
**Education (Preferre

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