Job Description

Job Summary Remuneration Up to R 1 000 000 Company Benefits Pension, medical aid Role Purpose: Responsible for commodity procurement financial reporting and compliance and corporate treasury functions of the business. Primarily entails financial/statutory reporting, derivative accounting, cash flow and loan management, transactional treasury, cash forecasting and working capital functions. Required Qualifications : CA (SA) Required Experience: Minimum 4 years post-articles experience in a financial accounting and treasury environments Required Knowledge: Financial accounting and treasury principles and practices Cash flow planning and execution Highly numerate and able to analyse statistical information and interpret financial data to produce reports Required Skills: Experience in technical financial accounting reporting, cash flow and working capital management Derivative experience will be advantageous SAP FI experience preferable Advance MS Excel Ability to analyse large amounts of data Attention to detail Key Responsibilities: Commodity Finance and Compliance Compilation and preparation of monthly management packs for review. Supervision of all General Ledger functions. Providing commentary on the financial performance. Ensuring compliance with IFRS 9 reporting standards and preparing relevant IFRS9 calculations. Managing derivative allocations using Cognos. Calculation and management of MEBIT pass back. Handling mark-to-market calculations and tracking trades on CBOT. Preparation of relevant financial statements notes. Preparing sensitivity calculations for derivative instruments. Facilitating both internal and external audit processes. Serving as a super user for SAP, overseeing system functionality. Managing of cash forecasting. Handling reporting activities for intercompany transactions. Managing and tracking currency trades, settlements, and calculating PNL. Policy monitoring and amendments. KPI tracking of commodity prices. Profitability tracking of commodities. Treasury Oversight cash flows forecasting and cash utilization. Reviewing and analysing regional cash flow forecasts. Managing loans and ensuring compliance with limits. Supervising day-to-day transactional banking activities. Handling resolutions related to banking matters. Overseeing the structure of banking operations. Managing and maintaining banking accounts. Handling leasing activities with WesBank. Managing foreign exchange exposure, tracking deals, calculating profit and loss, and determining effective rates. Facilitating both internal and external audit processes. Managing AFS disclosure requirements. Approving daily requirements related to creditors. Quarterly forecasting: Preparing working capital forecast balances, calculating interest costs, and ensuring accuracy of loan/cash balances. Providing commentary on actuals vs target vs quarterly forecast variances. Updating and tracking weekly forecasts. Monthly credit risk reporting. Reconciliation of Rainbow customer account to statement, preparation of clearings and calculation of debtors days. Tracking of debtors exposure and credit limits. Identifying and addressing process inefficiencies relating to cash and working capital. Monitoring of creditors days. Teamwork and Self- Management Take ownership and accountability for tasks and activities and demonstrate effective self-management in terms of planning and prioritizing, and self-development. Follow through to ensure that quality and productivity standards of work are consistently and accurately maintained. Inform relevant parties in the event of tasks or deadlines not met, the potential risks thereof and provide appropriate resolution. Support and drive the business core values. Manage colleagues and clients expectations and communicate appropriately. Demonstrate willingness to help others and "go the extra mile" to meet team targets and objectives. Champion training and development of self and others through utilizing available training opportunities. Participate in and drive regular performance appraisals and ensure that own targets and goals are clear and achievable. Staff Management Lead and develop staff within the context of the Labour Relations Act, Employment Equity Act, Basic Conditions of Employment Act and the Skills Development Act. Monitor staff performance and provide regular feedback. Manage staff activities, ensuring service levels are met and protocols are adhered to. Coach and support staff where necessary to achieve objectives. Manage staff leave and general time management issues in line with organizational deliverables and standards. Champion staff training and development through the utilization of available training opportunities or contributing to the development of new training solutions in collaboration with national training specialists. Conduct regular performance appraisals with subordinates. Establish sound staff and labour organising and communication structures and systems. Lead the team towards meeting the strategy and targets through regular communication and utilization of the full organizational talent management tool set. Conduct regular meetings and ensure that records are kept and shared across the team and that action plans agreed towithin team meetings are delivered upon. A Consultant will be in touch if you are shortlisted for the position. Please consider your application unsuccessful should you not have been contacted within 2 weeks. We will keep your CV on our database and contact you should you match the criteria of any other vacancies.

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