Head of Treasury - Western Cape at TFG (The Foschini Group)

Key Responsibilities:

• Coordinate the interaction with finance and finance business stakeholders to align on financial liquidity position
• Monitor implementation of working capital, finance risk and policies within the group working with group FD and FinComm
• Provide and analyse business liquidity for TFG Group (RoA, Aus and UK)
• Develop liquidity models per region which will enable CF predictability
• Communicate and report to stakeholders based on reporting obligations and, where applicable, on incidents (and response)
• Manage the forex exchange risk (hedging strategies) 
• Implementation of robust controls related to treasury matters relating to all parts of the group that are actively managed by the group
• Prepare and monitor company’s various cash flow forecasts and perform financial modeling
• Operations management : Forecast daily cash requirements and execute daily financing decisions
• Manage all aspects of In-house investment portfolios
• Manage long-term and short-term investment strategies
• Determine TFG’s financing goals and risk tolerance
• Support group on key investment decisions which have an impact on cost of capital
• Review and recommend changes to the investment policies based on the market conditions
• Management of all group investments, day-to-day cash management, cash flow forecasting and all electronic banking systems
• Driving improvement in the management of cash and borrowings across TFG
• Participate at the Finance and Risk committee
• Effectively manage bank/ transactional and debt capital markets relationships
• Ensure Reserve Bank requirements are met
• Ensure compliance with regulatory standards to mitigate financial statement and operational risk
• Relationship management : with key funders  ( the treasury team : Monitor bank service fees, exposures  and address quality issues etc)
• Evaluate alternative long-term borrowing strategies and make recommendations in accordance with the capital structure guidelines
• Arrangement and ongoing negotiation of all group borrowing, bank relationship management, bond raising and issuance
• Assessment and management of all business related financial risks, including FX, interest rate and counterparty risk management
• Active management of transactional risks (M&A, disposals) that the group may be face on an ongoing basis
• Integration and development of the current group treasury policy with the group’s strategic requirements and direction; and Management, development and adaptation of the treasury functions and processes to take account of both the size and resources of the group
• Drive change (cash management focus)  at brand level and international business level
• Mentor and motivate team members
• Act as the primary contact for banking relationships an / other and support M&A activity and Identify competency and qualification needs and recommendation of   appropriate measures (training, qualifications, etc.) 
• Engage business to research potential impacts on TFG’s proposed financing and benchmark balance sheet to peers and other metrics to peers
• Support business and Enterprise Risk Management in the analysis and response to incidents impacting on Finance Risk
• Stakeholder engagement including lobbying, communication and reporting
• Report to Group FinComm
• Work collaboratively with the relevant CoEs and Shared Service to ensure cash is managed effectively and risk control procedures are in place; and
   Collaborate with internal and external stakeholders in management of cash flow and executing daily financial decisions.

Qualifications and Experience:

• Bachelor’s degree or higher qualification in Finance (Essential)
• Proficiency in treasury management systems and financial software (Desirable)
• CA (SA) or MBA - Advantageous
• 10 years’ post qualification experience (minimum)
• 5 years Group Treasury leadership experience

Skills: 

• Reconciliation and Analysis 
• Debt Management 
• Accounting and Reporting 
• Auditing 
• Cash Management 
• Financial Risk Management 
• Mergers and Acquisitions.  
• Excellent project management skills  
• Strong business communication skills with an ability to work well in a collaborative environment with senior executives  
• Ability to draft commentary, analyse information to establish key messages, present information both visually and written