Group Specialist: Treasury

Assore
is an international mining holding company, which principally engages in projects involving the mining, processing and marketing of ores, minerals and metals throughout several countries.

Assore boasts a diverse product portfolio and a global customer base. We are proudly renowned for our excellence in supplying iron, manganese and chrome ores, as well as manganese alloys.

Our philosophy is centered on our commitment to safety, operational excellence, customer focus and sustainability. For generations, these efforts have allowed us to positively impact industries and local communities.

We are looking to hire a
Group Specialist: Treasury
in our Group Finance Team. This role is based at our office in Illovo, Johannesburg.

Main purpose of the role:

The Group Specialist: Treasury is responsible for administering and managing the Group's bank accounts, facilities and guarantees, to ensure effective payments and to manage liquidity.

The Group Specialist: Treasury is also responsible for ensuring the accurate payment, reconciliation and accounting of the Group's interest income and expenses across funding and other instruments.

Main Responsibilities:

Banking operations

• Manage day-to-day relationships with banks and financial institutions.
• Maintain the Group's treasury register.
• Liaising with the bank on any payment or receipt queries.
• Track and analyse bank fees to identify discrepancies and support negotiation of more favourable terms with banks.
• Group facilities.

Cash management

• Prepare and execute cash forecasting and liquidity analysis to ensure adequate funds are available .
• Preparation of company cash flows daily.
• Monitor and manage daily cash balances across current, call and treasury accounts in order to maximise the group's cash returns.
• Daily reconciliation of cashbook and reconciling to General Ledger at month end.
• Perform variance analysis between forecasted and actual cash flows, highlighting material differences for management review.
• Recommend placement of surplus cash into approved low-risk instruments to optimise returns in line with Treasury policy.

Payments

• Managing bank transactions.
• Processing payments locally and internationally.
• Payment of invoices: preparing and importing of daily expenses paid on banking system.
• Assist in clearing intercompany accounts.
• Execute on foreign currency transactions and reporting.
• Oversee accurate and timely settlement of FX transactions, ensuring compliance with exchange control regulations.
• Ensure compliance with payment controls, including dual-authorization, approval matrices, and audit trail requirements.

Financial reporting

• Capturing of inward receipts daily.
• Ensuring that company inward funds are captured and reported to the SARB daily.
• Downloading bank statements and import the information into the financial system.
• Send weekly bank reports to accounts receivable team.
• Obtaining reports to facilitate month end close-off.
• Processing of interest expense and interest income.
• Reporting on cash, interest and other positions.
• Liaising with accounts receivable and accounts payable staff to obtain information on entries that cannot be identified and matched.
• Assist the Group Manager: Treasury in preparing Treasury KPIs and dashboards, including cash position summaries, facility utilisation, and interest cost analysis.
• Support broader exchange control reporting obligations beyond inward receipts, as required under SARB regulations.

Risk management

• Identify and assess treasury-related financial risks and implement risk mitigation strategies.
• Ensure compliance with applicable legislation and regulations.
• Ensure compliance with policies and mandates.
• Monitor counterparty exposure to banks and highlight any concentration risk.

Audit support

• Provide support during internal and external audits to ensure adherence to best practices.
• Maintain robust control systems.

Requirements:

• BCom in Financial Accounting or similar degree.
• Additional qualification or certification related to financial markets or treasury management will be advantageous.

Professional experience:

• Minimum of 3 to 5 years experience in a similar position
• Proven experience in treasury management or related financial roles
• Strong understanding of financial principles, cash management, and risk analysis.
• Knowledge of financial regulations and compliance, including banking and tax regulations.
• High level understanding of SARB regulations.
• Excellent computer literacy skills (MS Office 365).
• Previous experience within the mining or commodity trading industry will be advantageous.

Competencies required:

• Excellent communication skills
• Time management skills – able to plan, prioritise and organise
• Strong problem-solving abilities,
• Accurate with attention to detail
• Ability to work under pressure and deadline driven
• Ability to work independently and in a team with the ability to work cross functionally
• Numeracy and sound technical skills
• Strong ethics and company aligned values
• Strong control mindset