Head of Treasury Back Office: VKB Group - Head Office Reitz at VKB Group

Key Responsibilities:

Treasury Operations Management:

• Oversee the back-office treasury operations including trade settlement, in-house (intercompany) cash accounts, reconciliation of financial transactions and treasury reporting.
• Manage the processing of foreign exchange, money market, commodity derivative, loans and other financial instrument transactions, ensuring accurate settlement and proper recording in the financial system.
• Ensure the timely reconciliation of cash and collateral accounts, identifying discrepancies and resolving issues swiftly.
• Manage in-house cash accounts including intercompany loans (capital portion), interest charges to the business, monthly in-house bank statements and daily recording of cash calls.
• Establishing and maintaining intercompany loan agreements, including the monitoring of borrowing limits.
• Manage the Treasury cost recovery model, including the cost of capital.
• Manage Treasury related third party payments

Risk and Control:

• Implement effective controls over treasury back-office operations to minimize operational risks and ensure that all transactions are compliant with internal policies, regulatory requirements, statutory reporting requirements and industry best practices.
• Develop, maintain and enforce policies and procedures to prevent errors in transaction processing, settlement, reconciliations, issuance of in-house bank statements and reporting.
• Work closely with internal audit and compliance teams to ensure proper documentation, reporting and adherence to governance and compliance standards.

Reporting and Data Integrity:

• Supervise the accurate and timely assurance of back-office reports, including intercompany balances and interest charged, weighted average cost of debt, compliance confirmation and financial reporting for treasury operations.
• Manage the treasury-related accounting process and the preparation of financial statements, ensuring that all transactions are accurately and completely accounted for and disclosed according to regulatory and accounting standards.
• Ensure data accuracy and completeness in the treasury management systems, optimizing reporting processes for senior management, external auditors and regulatory bodies.

Treasury Systems and Technology:

• Oversee the implementation and maintenance of treasury management systems (TMS), ensuring they meet the company's operational requirements and provide real-time access to key treasury data.
• Manage system upgrades, integrations and testing to ensure the continuous operation of treasury management systems.
• Work with IT teams to streamline and automate back-office treasury processes to improve efficiency and reduce manual interventions.

Liquidity and Funding Support:

• Monitor and manage daily cash balances to ensure that liquidity requirements are met across all business units and jurisdictions.
• Support front-office treasury functions by ensuring accurate tracking of external borrowing positions and managing the settlement of funding transactions.
• Collaborate with front office and middle office to ensure accurate and timely funding for business operations.

Team Leadership and Development:

• Lead, mentor and develop a team of treasury back-office professionals, ensuring that the team is properly trained and equipped to handle complex treasury operations.
• Establish performance objectives for the team and provide continuous feedback, coaching and career development opportunities.
• Promote a culture of continuous improvement within the back-office treasury team by identifying and implementing best practices.

Compliance and Regulatory Adherence:

• Ensure compliance with local and international regulatory requirements (including South African Reserve Bank) and internal policies and procedures related to treasury operations.
• Maintain up-to-date knowledge of regulatory changes affecting treasury operations and ensure the company remains in full compliance with these regulations.
• Collaborate with auditors and regulators during audits or reviews of treasury activities.

Stakeholder Communication:

• Act as a liaison between back-office, middle-office, front-office, group reporting, group tax, business units and external stakeholders to ensure accurate and efficient information flow and alignment across functions.
• Provide regular updates to senior management on the status of treasury operations, cost of debt, intercompany loans and guarantees and compliance. 
• Manage relationships with external service providers, including transactional (house) bank, TMS service providers, and settlement agents to ensure smooth and efficient operations.

Qualifications:

Education:

• Chartered Accountant

Experience:

• At least 10 years of experience in treasury operations and/or financial reporting in a corporate environment, with a minimum of 5 years in a managerial role.
• Experience in a complex group of companies will be an advantage.
• Experience in working with treasury management systems or similar IT systems and financial system integration.
• In depth knowledge of treasury related regulations, accounting standards and industry best practices.

Skills and Abilities:

• Strong leadership, team management and communication skills.
• In-depth understanding of treasury back-office processes, including in-house banking, and financial reporting.
• Proficiency in treasury management systems (or similar IT systems) and financial reporting software.
• High attention to detail and ability to manage large volumes of data accurately.
• Strong problem-solving skills with the ability to resolve complex matters and implement effective solutions.
• Knowledge of regulatory requirements related to the treasury environment.