Head of Treasury (5051632) at The Beverage Company

Role Purpose

• The Head of Treasury will lead the Group’s treasury strategy and operations for the beverages business, ensuring optimal liquidity, funding, risk management, working capital efficiency, and multi-bank relationship management. The role is responsible for cash flow management, forex hedging, fundraising, Accounts Receivable / overdue management, and asset–liability alignment to support sustainable business growth and capital planning.

Key Responsibilities
Banking Relationship Management

• Build and sustain multiple banking relationships across South Africa and other operating regions.
• Manage bank negotiations, facility renewals, pricing, margins, and service level agreements.
• Ensure diversification of banking partners to reduce concentration risk.
• Conduct periodic bank performance reviews and benchmarking.

Fundraising Through Banks

• Lead fundraising activities including working capital lines, term loans, revolving credit facilities, capex loans, and structured financing instruments.
• Develop funding strategies aligned to business expansion, capex plans, and corporate structure.
• Evaluate financing options to achieve optimal cost of capital and balanced funding mix.
• Oversee financial covenant compliance, headroom monitoring, and reporting.

Day-to-Day Cash Flow Management

• Own the daily cash flow management process, ensuring liquidity availability across all legal entities.
• Monitor cash positions on a daily basis, manage pooling/sweeping structures, and ensure smooth daily operations.
• Oversee 13-week rolling cash flow forecasts, proactively highlighting risks and mitigation actions.
• Implement strong controls over payments, bank reconciliations, and cash governance.

Forex Hedging

• Manage the company’s foreign exchange exposure, including import payables, export receivables, intercompany flows, and capex commitments.
• Execute hedging strategies (forwards, swaps, options) aligned to risk appetite and treasury policy.
• Work closely with Procurement and Commercial teams to forecast foreign currency requirements.
• Ensure robust IFRS 9 hedge accounting documentation, effectiveness testing, and compliance.
• Working Capital Follow-Ups: Accounts Receivable & Vendor Payments
• Partner with the Accounts Receivable team to monitor overdue customer balances and ensure timely collections.
• Drive a culture of cash discipline across commercial teams and route-to-market structures.
• Ensure timely payments to suppliers and service providers, balancing business continuity and cash optimization.
• Liaise with the Procurement and Operations teams to improve DPO and negotiate optimal payment terms.

Asset–Liability Management (ALM)
Ensure proper matching of funding tenures:

• Short-term facilities for working capital
• Long-term facilities for capex and long-term investments
• Monitor interest rate risk, refinancing risk, and liquidity headroom.
• Recommend ideal capital structure based on business cycles, risk profile, and investment strategy.
• Oversee long-term debt planning, repayments, and refinancing execution.

Additional Responsibilities

• Oversee treasury controls, governance, and compliance with SARB exchange control regulations.
• Manage counterparty risk, bank limits, and treasury-related policies.
• Ensure appropriate risk management frameworks, including fraud prevention and payment security.
• Lead treasury technology initiatives including TMS, bank integration, and automation of treasury processes.
• Provide treasury insights to the CFO and EXCO to support strategic and operational decision-making.

Required Qualifications

• Chartered Accountant [CA(SA)] – Mandatory
• Postgraduate certifications in Treasury, Risk, or Corporate Finance advantageous.

Required Work Experience

• 15+ years of progressive Treasury experience in Beverages and/or FMCG companies.
• Proven expertise in liquid funds management, forex hedging, cash forecasting, and bank financing.
• Demonstrated success in managing multiple bank relationships and negotiating banking facilities.
• Experience across South African and African markets is an advantage.

Key Competencies

• Strong analytical and financial modelling capabilities
• Excellent stakeholder and bank negotiation skills
• High governance, ethics, and control orientation
• Proactive problem-solving with a commercial mindset
• Ability to operate under pressure and manage tight liquidity situations
• Leadership experience in managing Treasury teams

KPIs for Success

• Liquidity availability and forecast accuracy
• Cost of funds and optimal facility utilization
• FX hedging effectiveness and reduced exposure volatility
• Working capital improvement (DSO, DPO, CCC)
• Timeliness of customer collections and supplier payments
• Strong audit and compliance outcomes

Deadline:18th March,2026