Assistant Director: Cash Management at National Treasury

Qualification/s Requirements

• A Grade 12 is required coupled with a minimum National Diploma (equivalent to NQF level 6) in Accounting, Economics or Finance;
•  A Bachelor’s Degree (equivalent to NQF 7) in any of the above disciplines is added advantage;
•  A minimum 3 years’ experience obtained in Finance environment; and 
•  Knowledge and experience in cash management.

Key Performance Areas

Cash flow forecasting: 

• Forecast cash flows over the short, medium, and long term on a monthly and daily basis;
•  Ongoing review of cash flow statements in line with reporting standards; 
• Manage bridging finance facilities to cover short-term liquidity shortfalls;
• Perform “Inday” cash flow forecasts for the government’s net cash requirements;
• Prepare procedure manuals for undocumented processes and attend to audit requests;
• Update and monitor actual cash flow against reported projected cash flow – variance analysis and follow up with relevant parties;
•  Maintain schedules of non-tax revenue receipts, analyse and recommend forecasting improvements;
• Convene and maintain records of meetings with (the South African Revenue Service (SARS) on forecasting of tax revenue; and 
•  Maintain close contact with departments to improve cash flow forecasts. 

Manage Exchequer investments: 

• Maintain signing arrangements and FICA documents for investment accounts;
• Maintain daily investment limits in the Tax and Loan accounts utilising the prescribed credit risk ratios/limits and assessing the reasonableness of interest earned in the exchequer accounts;
• Maintain cash book for investment accounts and develop procedure manuals for undocumented processes;
• Provide inputs and attend to audit queries;
• Record and reconcile interest earnings on all Exchequer investment accounts: Tax and Loan accounts, investments in the Corporation for Public Deposits (CPD) accounts, and foreign currency deposits; and 
•  Engage stakeholders and participate in projects for the automation of manual processes (Exchequer Accounts) and provide inputs to entities and departments on application process of opening a bank account. 

Optimise the use of broader public sector cash:

• Maintain cash books and reporting statements of Corporation for Public Deposits (CPD) accounts;
•  Monitor daily CPD balances and reconcile with SARB; 
• Arrange meetings with the South African Reserve Bank (SARB) to agree on the optimal borrowing/ investments of CPD cash;
• Engage with provinces and other CPD depositors regarding cash flows on their accounts; 
• Maintain forecasting of balances in CPD to ensure that money in CPD is sufficiently utilised; and 
•  Assist with CPD projects. 

Execute daily bank account transactions: 

• Perform “Inday” cash transfer transactions between the Exchequer and the Tax and Loan accounts;
• Perform transactions between the government’s cash management accounts at SARB;
• Account for all bank account transactions, including fund requisitions, transfer/ payment advice, and reconciliations;
• Maintain business continuity processes to ensure that banking transactions are conducted;
• Perform weekly, monthly, and yearly reconciliation of all figures and submit to stakeholders; and  
• Attend cash management activities that might require attention from time to time.