Treasury Manager: Ssa

7 months ago

Stellenbosch, South Africa COFCO International North America Full time

**Location**:
Stellenbosch, Stellenbosch, ZA

**Vacancy**: Treasury Manager: SSA

**Department**: Finance

**Contract**: Permanent

**Location**: Stellenbosch

COFCO International South Africa (Pty) Ltd has an opportunity for a dynamic individual to fulfill a role in this Company’s finance division.

The role of Treasury Manager SSA is based in Stellenbosch and oversees the overall Sub-Saharan Africa (SSA) region. Today, the region principally consists of the South African business but may further extend.

Primary responsibilities will include overseeing the daily treasury operation. This involves payment processes and approval, cash management, cash flow planning, investment management, set-up of trade finance and off-balance sheet structures, managing the foreign exchange hedging strategy for intercompany loans to align with repayment dates and optimal cost of carry, as well as managing the overall banking relationships and related documentary issues in the region.

The Treasury Manager will work in close collaboration with the Treasury and trade finance teams in the Geneva Headquarters.

He/she will also work closely with the regional CFO and finance team. Legal and compliance as well as the traders to understand the business and help find ways to reduce the working capital of the region.

Minimum qualifications and experience

High level of I.T skills especially on database understanding (Access, SharePoint, advanced Excel proficiency).

Duties & Responsibilities

**Treasury processes**:
In charge of implementing the global Group Treasury processes in the three South African entities as well as any new SSA country, including but not limited to:
Ensuring that the Delegation of Authority and Signing Patterns are in place with all banks.
Ensuring that the proper internal approvals are in place and aligned with the Delegation of Authority and Signing Patterns and that the approval processes are strictly adhered to.

Banking Relationships

In charge of the banking relationships for the SSA Region to ensure proper funding for the local entities
Maintain the bank relationship with our existing banks as well as developing new relationships with potential banks. This includes: preparing documentation, doing KYC, coordinating required signatures, setting up internet banking, bank accounts etc.
Have a full overview of our bank balances, inflows and outflows, and bank account structure with the existing banks.
Negotiation of lines in close collaboration with the Global Financing Team, Legal and Tax in order to ensure compliance with COFCO requirements in relations with facility structures and covenants
Coordination with Head office for the issuance of the Parent Company guarantees
Preparation of reporting to banks and central bank (wherever needed)
Management of the accounts and the signers ensuring that the signers are in line with the global group delegation of Authority
Set-up of off-balance sheet structures to reduce the working capital of the entities
Finding banks for special projects or sensitive destinations

Cash Management

Manage the payment process for the different entities ensuring that the proper payment approvals are followed
Review and approve payments
Analyse forecasts in order to be able to take the appropriate decisions for the Group Funding
Manage the intercompany loans
Manage local debt and borrowings and enter the loan information in the global systems of the group

Reporting

Timely daily debt and cash reporting in the group treasury systems
Ensure proper reporting of the debt, interest and cash by the accounting team
In charge of monthly and ad-hoc reporting to head-office treasury

Other

Work in close contact with the traders to better understand the working capital requirements of the region in order to explore route to decrease and optimize it.
Primary contact for central bank requirements.
Liaise with the FX traders for Treasury related hedging.
Provide any information requested by the external auditors.
Grow the role to new countries and entities if and when required.
Address any additional reporting or requirements that may arise for the region.
Address any manage any additional financing requirements that may arise for the region.
Work in close contact with Global Treasury and IT to maintain and improve the treasury related systems to optimise security and efficiencies.

Essential skills

Keen interest in automation of systems.
Must display strong analytical and problem-solving skills.
Fluent in English (written and oral).
Strong team player.
Enthusiastic, dynamic personality with comfort in a complex multinational work environment.
Able to work independently under tight deadlines and constraint.
Ability to work in a semi-manual environment that requires enhancements.
Possess highest standards of integrity and reliability.

Desirable skills

Exposure to commodities, agri and/or grains industries.
SAP experience.
Experience using an ERP system.

Competencies

Leadership

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