Treasury Expert
7 days ago
Job Title: Treasury Expert - Financial Control and Analysis
About the Role:
We are seeking a highly skilled Treasury Expert to join our team at Woolworths. As a key member of our treasury function, you will be responsible for delivering a financial control and analysis function within our specialised treasury function.
Main Responsibilities:
- Maintain full control of all FX processes in FBH and Foods, as well as non-trade, in respect of procurement, maintenance, and measurement of FX against Treasury Policy.
- Prepare monthly treasury entries and prepare analysis of FX hedged position.
- Specialist knowledge relating to review of hedge accounting (Interest and FX) criteria and application to Woolworths systems (including Trade stream).
- Maintain effective control of Treasury General Ledger Reconciliations.
- Manage a team of FX clerks.
- Investigate and resolve any FX system issues that may arise together with FX clerks and other stakeholders.
- Prepare monthly financial results and reports to external stakeholders.
- Review of treasury transactions and reporting requirements between other group companies (e.g. African subsidiaries, Country Road and Country Road Ventures).
- Trade Money market daily and FX daily – maintaining strong relationship with service providers.
- In-depth, specialised knowledge of IFRS 9 at the highest professional level required to account for financial treasury transactions in the Annual Financial Statements of a complex multinational business.
- Collate and prepare Stats SA periodic questionnaires.
- Assist in preparing quarterly financial results and reports to the WSA and WHL Board.
- Assist the Group Treasury Manager with management of the relationship with providers of facilities and provision of information thereto.
- Assist the Group Treasury Manager with management of the relationship with SARB and provision of information thereto.
- Detailed financial modelling, understanding the key areas of both income statement and balance sheets to generate and adjust forecasts and inflows resulting in financing/gearing decisions to be made by Treasury when applicable.
- Assist with Budget & forecast variances which are analysed and reported.
- Assist in preparing and maintaining loan models which consolidate all loan and interest payments and maturities.
- Assist in maintaining money market model which forecasts daily cash flows, and highlight any liquidity concerns with appropriate lead time to make adjustments if necessary.
- Assist with ensuring that all interest and capital repayments on funding solutions are made timeously.
- Assist in determining refinancing profiles/solutions, based on the existing maturity profile.
- Assist in maintaining covenant compliance calculations.
- Assist with additional treasury tasks as they arise.
About You:
- A CA (SA) qualification is required, with 1-3 years post-qualifying experience with clear evidence of technical treasury competence.
- Clear evidence of financial modelling experience.
- Evidence of top quartile performance.
- Articles with Big 4 or medium firm.
- Accounting/Financial Services jobs.
What We Offer:
R270,000 - R360,000 per annum depending on experience, plus benefits.
Location: Western Cape.
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