Group Treasury Director at Tiger Brands

Job description

Please note: Tiger Brands is an equal opportunity employer and all applications are considered within our Employment Equity policy

Applications close: 26 July 2017

Please note that your interest expressed in this career opportunity will be treated in the utmost of confidence.

Overview

The role of Treasury continues to expand, and the function is playing an increasingly more central role in corporate decision-making for the Group. At Tiger Brands, there is renewed recognition of the importance of traditional treasury activities, while at the same time playing a more strategic role in corporate activities.

As part of the function there is an increased focus on optimizing the use of cash on the Group’s balance sheets and on ensuring holistic risk management to enable Tiger Brands to improve their performance in an increasingly uncertain economic environment.

The Director of Treasury will be responsible for developing and managing strategies, operations and policies related to the Group’s treasury function, including cash management, foreign exchange, borrowing, and payment processing. You will be responsible for managing bank/service provider relationships, internal control environment for the company’s overall banking, project management, and be the subject matter expert on Treasury Management Systems.

The ideal candidate will define the strategy for the Treasury function to support the growth of the Group and it’s evolving priorities. Your strong relationship management skills, and the ability to work closely with a wide range of stakeholders will stand you in good stead.

CRITICAL FOCUS AREAS

• Manage cash and investment portfolio
• Formulate and implement investment policies, including the establishment of risk parameters
• Develop processes and systems to determine daily company wide cash position
• Forecast sources and uses of cash
• Assess, manage and mitigate foreign currency exposure across portfolios
• Review commodity, inventory, receivables financing with a view to optimising working capital
• Investigate financial products that may benefit the company
• Ensure treasury activities are in compliance with treasury policies, accounting guidelines, governance policies and internal controls
• Co-ordinate and communicate any material changes to policy or cash balances to company; and ensure that our strategies are in line with their medium to long term plans
• Be aware of Company actions or policy changes that impact treasury responsibilities.
• Consult with management and manage implementation of best practices.
• Build an understanding of customer/client needs and expectations in areas of accountability. Formulate plans and strategies for a department, or project to satisfy internal client or external customer requirements.
• Comply with government laws and regulations, and Company specific policies, procedures and standards. Identify and implement internal controls and safeguards as necessary.
• Leverage knowledge from participation in peer organisations and other resources to implement best practices that add value to the organisation

DESIRED SKILLS, KNOWLEDGE AND EXPERIENCES

Please note: Only candidates who meet the criteria below will be considered

Ability to:

• Develop Treasury strategy, aligned to business strategy and objectives of the group and successfully execute
• Experiences and knowledge:
• Extensive experience in finance and treasury, with a minimum of 4 years in a corporate treasury
• Expert knowledge of currency, cash and capital markets and finance
• Deep understanding of Treasury Management Systems and banking
• Excellent analytical, interpersonal, communication and presentation skills
• Robust investment management skills
• Demonstrable track record of effective leadership
• Ability to direct, lead, and manage people on projects and initiatives
• Ability to liaise with key internal stakeholders
• Effective written and oral communication for presentation and summary to senior leadership

Required Qualifications:

• Honours Degree in Business/Finance or Economics
• Certified Treasury Professional or similar qualification

Desired behaviour:

• An active and effective leader
• An energetic, efficient, and resourceful team player and individual contributor
• Demonstrated ability to build strong relationships and teams
• Ability to develop and implement innovative strategies
• Ability to communicate effectively with senior management and to effect change across a large and diverse organization