Treasury Manager (Gauteng)

Spec

Our Client a Listed JSE Insurance & Investment Firm is on the hunt for a Top Treasury Manager.

The main purpose of this role is to manage and oversee the day-to-day activities of the treasury operations team and ensure that all operations run smoothly.

Responsibilities and work outputs

Daily cash management:

• Execution of intra-group transfers
• End of day detailed balance reviews
• Aggregation of bank account opening balances

Administration of bank account management platform:

• Facilitate the opening and closing of bank accounts with business units in accordance with the policies, rules and procedures provided.
• Lead banking operations including account openings, closures, updates to account information, and banking signatories.
• Maintain a bank account database and ensure completeness thereof.
• Implement and strengthen controls related to bank account database and cash management system.
• Review of the GL cash breakdown and ensure the bank balances are reconciled.
• Reconcile opened and closed bank accounts to the payment system to ensure completeness.

Manage and maintain a database of online platform users with limits:

• Assist in maintaining and review of user limits with the various banks.

Maintenance of banking relationships:

• Establish and lead new/existing bank accounts/relationships.
• Maintain details of group exposure with all banks.
• Reconciliation of bank balances to general ledger balances and analysis of movement.
• Conduct annual reviews of banking facilities with each bank with a view to updating facility agreements to align with company needs and cost-saving objectives.
• Annual review of cash management structures.
• Ensure cash management structures are updated for opened and closed bank accounts.
• Manage the overall cost of the banking infrastructure supporting the company’s activities, measured on a per-transaction basis.
• Handle bank fee expense budget and forecasts.
• Monitor and reconcile banking fees against those recorded in General Ledger.
• Monitor bank limits breaches and ensure that the clients and Banks are notified of the breaches.
• Monitor bank fees, negotiate as needed, and explore opportunities to reduce cost and improve efficiency.
• In the event of a breach, ensure that the limits are amended at the bank and the client is notified.
• Maintain updated delegation of authority and provide updates to the banks as required.
• All bank related documents are electronic/paper-filed.

Other general Treasury operations activities:

• Conducting reconciliations for Treasury specific bank accounts.
• Coordinate, run and complete implementation projects for new services, technologies, account changes, system or process changes regarding cash management to improve the cash cycle and simplify company operations.
• Negotiate pricing & implementation fees for new services and prepare cost/benefit analysis.
• Ongoing provision of Treasury reporting.
• Maintenance and updates to our Treasury operating procedures as necessary.
• Maintenance of a Financial Controls Framework and Risk Register.

Money Market:

• Handle operation and liquidity of fiduciary and surplus funds investment including money market deposits and funds.
• Oversee overall money market dealing activities and foreign exchange dealing and collaborate with other departments to ensure that all activities are aligned to practices and framework.
• Build and manage the relationship with banks to negotiate rates and processing of trades and transactions.
• Invest funds on the Money Market through analysis of rates, returns and business needs.
• Prepare and present insights on treasury exposures, activities and possible contribution to the function.
• Assist with providing ad hoc information for internal reports relating to regulatory reporting, compliance and internal policies and procedures.

Foreign Exchange execution:

• Execution of foreign exchange deals with banks.
• Transacting on FX system to capture, aggregate and approve FX deals.
• Collate the Forex requirements across divisions and optimally trade in the external market.
• Manage and monitor all foreign exchange trading and money market dealing processes and systems to ensure efficiencies across the group.
• Compliance with all laws, regulations and industry standards.
• Correlating data to assist the team in reporting of foreign transactions to the compliance team on a quarterly basis.
• Execute foreign exchange and money market dealing activities to ensure the best outcome for the group.
• Optimise Forex usage and minimise risk with foreign currency transactions.
• Contribute to policy development within the area of expertise and implementation of best practice solutions.
• Process and keep a record of Forex transactions and information received from divisions and other stakeholders.
• Capture information on the system to access up-to-date and accurate information used to trade Forex instruments.
• Monitor, address and escalate risk that may lead to an operational loss.

Competencies required:

• Strong verbal and written communication skills.
• Highly analytical.
• Strong operations capabilities.
• Self-awareness.
• Embracing diversity.
• Results driven.
• Task-oriented.

Minimum Requirements

Experience and Qualifications

• B.com Accounting or other relevant degrees in Financial Management, Economics, Treasury Management or related field.
• ACI Dealing Certificate (preferred).
• 5-10 years’ experience in Operations, Middle Office or Back Office.