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 DoRegulatory and CompliancePerform and oversee Exchange Control applications and renewals, and maintain the internal registersInvestigate problems with Exchange Control approvals to find alternate solutionsProvide training, advisory services and oversight to the business entities in the drafting of the applications before submissionProvide regular reporting as required by SARBAssemble and provide ongoing KYC documentation for FICA requirementsFinancial covenant reportingBank Account administration (local and foreign operations)Facilitate and oversight in the opening and closure of bank accountsOversight and maintenance in the banking online profiles and user access controlsAssistance and processing of new/renewal bank guarantees & Letter of CreditsAssistance in the legal process of transferring bank guarantees and financial guaranteesAssistance in the maintenance of account signatoriesAssistance in the onboarding of new bankers and additional banking activitiesAssistance in the errors experienced with electronic banking online platforms and profilesReceipt and distribution of monthly bank statementsValidate and verify bank charges, fees and costsOversight of corporate credit cardsOversight and management of physical cash solutions and devicesLiaison and operational relationship management, for the purposes of project implementation, treasury training, treasury processes and procedures, distribution of treasury information, withBanking operational teamsBanking dealing desks in respect of transaction and settlement confirmationsBusiness entitiesInternal auditorsExternal auditorsAssistance with project implementation in respect of:Integration/interfaces between banking, Oracle and FCC systems in respect of treasury transactions and informationEstablishing Group Treasury as an in-house banker with internal transactions for forex and cash managementImplementation of money market and cash flow forecasting systemsAssistance and overview in the implementation of treasury and banking systems for Host to Host paymentsTreasury Policies forLiquidity Risk ManagementForeign Exchange Risk ManagementCommodity Risk ManagementAssist with the review, validation, consolidation, analyses of cash flow forecasts from the entities in all currenciesAssist with the loan interest and redemption verification and payments for external and internal loan/investment transactionsIntercompany loan establishment, management and reportingAssist with the treasury monthly accounting, forecasting and budget processes, models and reportingReportingAssist with the monthly treasury accountingWeekly cash position reportingMonthly exposure reportingControl reportingFinancial statement reportingExperienceWHAT YOU WILL BRING TO THE TABLE:8 years in a corporate treasury roleExperience in liquidity risk management, borrowing and investment instrumentsExperience in supply chain financeExperience in foreign exchange risk management and instrumentsExperience in intercompany treasury transactions and accounting thereofPreferred experience in establishing a centralised treasury as an in-house bankerBachelor’s Degree in FinanceSolid work experience in treasury requiredDeep understanding of Treasury Systems, banking and cash managementExcel – modelling capabilityPowerPoint – presentation capabilityExperience in banking cash online systemsExperience in ERP systemsIn 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.