Treasury Manager: SSA

Treasury Manager: SSA

Position: Treasury Manager: SSA - South Africa - Stellenbosch

Role Overview:

The role of Treasury Manager: SSA is based in Stellenbosch and oversees the overall Sub-Saharan Africa (SSA) region. Today, the region principally consists of the South African business but may further extend.

Primary responsibilities will include overseeing the daily treasury operation. This involves payment processes and approval, cash management, cash flow planning, investment management, set-up of trade finance and off-balance sheet structures, managing the foreign exchange hedging strategy for intercompany loans to align with repayment dates and optimal cost of carry, as well as managing the overall banking relationships and related documentary issues in the region.

The Treasury Manager will work in close collaboration with the Treasury and trade finance teams in the Geneva/Portugal Headquarters. Collaborate and work closely with the regional CFO and finance team, Legal and compliance as well as the traders to understand the business and drive/help find ways to reduce the working capital of the region.

Key Performance Areas:

Treasury processes:

• In charge of implementing the global Group Treasury processes in the three South African entities as well as any new SSA country, including but not limited to:
• Ensuring that the Delegation of Authority and Signing Patterns are in place with all banks.
• Ensuring that the proper internal approvals are in place and aligned with the Delegation of Authority and Signing Patterns and that the approval processes are strictly adhered to.

• In charge of the banking relationships for the SSA Region to ensure proper funding for the local entities.
• Maintain the bank relationship with our existing banks as well as developing new relationships with potential banks. This includes preparing documentation, doing KYC, coordinating required signatures, setting up internet banking, bank accounts etc.
• Have a full overview of our bank balances, inflows and outflows, and bank account structure with the existing banks.
• Negotiation of lines in close collaboration with the Global Financing Team, Legal and Tax to ensure compliance with COFCO requirements in relations with facility structures and covenants.
• Coordination with Head office for the issuance of the Parent Company guarantees.
• Preparation of reporting to banks and central banks (wherever needed).
• Management of the accounts and the signers ensuring that the signers are in line with the global group delegation of Authority.
• Set-up of off-balance sheet structures to reduce the working capital of the entities.
• Finding banks for special projects or sensitive destinations.

• Manage the payment process for the different entities ensuring that the proper payment approvals are followed.
• Review and approve payments.
• Analyse forecasts to be able to take the appropriate decisions for the Group Funding.
• Manage the intercompany loans.
• Manage local debt and borrowings and enter the loan information in the global systems of the group.

• Timely daily debt and cash reporting in the group treasury systems.
• Ensure proper reporting of the debt, interest, and cash by the accounting team.
• In charge of monthly and ad-hoc reporting to head-office treasury.

• Work in close contact with the traders to better understand the working capital requirements of the region to explore routes to decrease and optimize it.
• Primary contact for central bank requirements.
• Liaise with the FX traders for Treasury related hedging.
• Provide any information requested by the external auditors.
• Grow the role to new countries and entities if required.
• Address any additional reporting or requirements that may arise for the region.
• Manage any additional financing requirements that may arise for the region.
• Work in close contact with Global Treasury and IT to maintain and improve the treasury related systems to optimise security and efficiencies.

• University degree in Business administration and/or Finance (5 years experience in a similar role).
• High level of IT skills especially on database understanding (Access, SharePoint, advanced excel).
• Keen on automating systems and driving efficiencies.
• Must display strong analytical and problem-solving skills and critical thinking skills.
• Fluent in English (written and oral).
• Strong collaborator/team player.
• Enthusiastic, dynamic personality with comfort in a complex multinational work environment.
• Able to work independently under tight deadlines and constraints.
• Ability to work in a semi-manual environment that requires enhancements.
• Possess highest standards of integrity and reliability.
• Coping under pressure, fast-paced environment.
• Resilience.
• High Emotional Intelligence.

• Strong Leadership of self and others.
• Listen well and share ideas/solutions.
• Earn the confidence from fellow departments, colleagues, management.
• Business & Commercial acumen.
• Improves existing processes and/or introduces new methods.
• Acts to add value to the business.
• Makes timely decisions.
• Follows through to deliver results.
• Promotes timely flow of information.
• Client focus (internal/external stakeholders).
• Strong client orientation, principally In-House customers.
• Understands and responds appropriately to clients' needs.
• Works to deliver high quality product/service to clients.
• Integrity & Values.
• Is trustworthy, open, and honest. Takes ownership of own decisions and actions - successes and mistakes. Communicates and instils Cofco culture and values.
• Innovation.
• Drive improvement and efficiencies.

• Relating and networking.
• Presenting and communicating information.
• Analysing.
• Planning and organising.
• Delivering results and meeting customer expectations.
• Adapting and responding to change.
• Coping with pressures and setbacks.
• Entrepreneurial and commercial thinking.
• Deciding and initiating action.
• Adhering to principles and values.