Treasury Specialist

It's fun to work in a company where people truly BELIEVE in what they're doing

To provide Accounting and Operational support to the Group Treasury function.

What You Will Do

• Regulatory and Compliance

Perform and oversee Exchange Control applications and renewals, and maintain the internal registers

Investigate problems with Exchange Control approvals to find alternate solutions

Provide training, advisory services and oversight to the business entities in the drafting of the applications before submission

Provide regular reporting as required by SARB

Assemble and provide ongoing KYC documentation for FICA requirements

Financial covenant reporting

• Bank Account administration (local and foreign operations)

Facilitate and oversight in the opening and closure of bank accounts

Oversight and maintenance in the banking online profiles and user access controls

Assistance and processing of new/renewal bank guarantees & Letter of Credits

Assistance in the legal process of transferring bank guarantees and financial guarantees

Assistance in the maintenance of account signatories

Assistance in the onboarding of new bankers and additional banking activities

Assistance in the errors experienced with electronic banking online platforms and profiles

Receipt and distribution of monthly bank statements

Validate and verify bank charges, fees and costs

Oversight of corporate credit cards

Oversight and management of physical cash solutions and devices

• Liaison and operational relationship management, for the purposes of project implementation, treasury training, treasury processes and procedures, distribution of treasury information, with

Banking operational teams

Banking dealing desks in respect of transaction and settlement confirmations

Business entities

Internal auditors

External auditors

• Assistance with project implementation in respect of:

Integration/interfaces between banking, Oracle and FCC systems in respect of treasury transactions and information

Establishing Group Treasury as an in-house banker with internal transactions for forex and cash management

Implementation of money market and cash flow forecasting systems

Assistance and overview in the implementation of treasury and banking systems for Host to Host payments

Treasury Policies for

Liquidity Risk Management

Foreign Exchange Risk Management

Commodity Risk Management

Assist with the review, validation, consolidation, analyses of cash flow forecasts from the entities in all currencies

Assist with the loan interest and redemption verification and payments for external and internal loan/investment transactions

Intercompany loan establishment, management and reporting

Assist with the treasury monthly accounting, forecasting and budget processes, models and reporting

Reporting

Assist with the monthly treasury accounting

Weekly cash position reporting

Monthly exposure reporting

Control reporting

Financial statement reporting

Experience
WHAT YOU WILL BRING TO THE TABLE:

• 8 years in a corporate treasury role
• Experience in liquidity risk management, borrowing and investment instruments
• Experience in supply chain finance
• Experience in foreign exchange risk management and instruments
• Experience in intercompany treasury transactions and accounting thereof
• Preferred experience in establishing a centralised treasury as an in-house banker
• Bachelor's Degree in Finance
• Solid work experience in treasury required
• Deep understanding of Treasury Systems, banking and cash management
• Excel – modelling capability
• PowerPoint – presentation capability
• Experience in banking cash online systems
• Experience in ERP systems

In accordance with the employment equity plan of Tiger Brands and its employment equity goals and targets, preference may be given, but is not limited, to candidates from under-represented designated groups.