Manager Treasury & Controlling - EM South at adidas Group

Purpose & Overall Relevance for the Organization:

• To manage the Treasury function ensuring effective treasury risk management including accurate and timely treasury reporting, which is within the local laws of the country and the internal control framework of the adidas group.
• In addition, perform key Financial Management and Controlling function by bringing financial transparency, analytics, and effective internal controls in an accurate and timely manner to support the business in achieving short - and long-term objectives.

Key Responsibilities:

Treasury 

• Managing the local banking relationships of adidas
• Internally: Group Treasury
• Externally: Local Banks, SARB, other service providers and key partners
• Twelve month rolling Cash Flow Forecast preparation and submission to adidas Group Treasury
• Continuously improve cash‑flow forecast accuracy in SAC/Liquidity Planning as part of the cash flow forecasting process
• Ensure sufficient funding and guarantees are in place to meet operational and investment requirements
• Support month-end working capital requirement (ensure sufficient incoming funds are processed before outgoing funds are released)
• Pro-actively investigate material variances
• Bank Account Management (BAM)
• Opening and closing of bank accounts
• Bank Account Maintenance (BAM) - Users, Access Rights, Limits
• Payment Approver for Mid-month and Month-end vendor payments
• Annual renewal of SARB Approvals
• Bank Guarantees Maintenance - Renewal, Cancellation, New
• Own the monthly Balance Sheet Exposure in SAC—preparation and submission
• Ad-hoc business analysis and reporting requirements from Local and Global stakeholders

Controlling (F, P & A)

Support the F, P & A Director with Inventory & OWC planning and reporting requirements, driving value-adding insights

• Monthly Inventory Reporting and Analysis
• Monthly OWC Reporting and Analysis
• Identifying risks and opportunities with recommended actions
• Provide Actual vs Budget/PY commentary

Legal Entity  

• Monthly update and review of Legal Entity P&L with clear bridge to management P&L
• Understand Management P&L assumptions
• Forecasting of non-management activities in line with F, P & A forecasting timelines

General 

• Insurance - Submit reports/claims and ensure all records are kept up to date
• Facilitating strong business partnering with key stakeholders through standardized and ad-hoc financial reporting and analysis to support strategic and operational decision making
• Manage Corporate CAPEX budget and approve CAPEX requests
• Monthly review of VAT returns and reconciliations in alignment with external advisors
• Monthly Repairs and Maintenance review to ensure correct OPEX vs CAPEX classification to support Tax Compliance.
• Prepare Wear & Tear schedule and ensure CAPEX is allocated correctly for tax purposes.
• Support Sports Marketing VAT compliance
• Preparation of the AFS Year end Related Party and Contingencies Note

Key Relationships: 

• EM South Senior Director Finance
• EM South Finance Leadership Team
• EM South Senior Leadership Team
• EM South Finance Team
• EM Hub F, P & A Team
• EM Hub Finance Team
• Various internal stakeholders
• Global Treasury
• Local Banks

Knowledge, Skills and Abilities: 

• Own end‑to‑end Treasury & Controlling deliverables
• Outcome-focused and accountable leader
• Collaboration with all colleagues from all levels across the business
• Strong interpersonal and active listening skills
• Ability to interact at the highest management level
• Innovative and problem solver by nature
• Highest level of attention to detail and ability to work with complex structures across multiple currencies and organizations
• Ability to prioritize multiple deliverables in a high performing environment by developing effective plans and organising work efficiently.
• Excellent analytical skillset managing large sets of data from multiple sources, as well as comfort with Finance and Accounting principles
• Ability to accept and meet deadlines
• Ability to work in a constantly changing and ambiguous environment

Requisite Education and Experience / Minimum Qualifications: 

• Be a qualified accountant but with strong commercial finance experience (CA or CIMA membership or similar Accounting Body)
• Be a good all-round communicator with the ability to display sound interpersonal skills as well as tact and diplomacy
• Minimum +5 years post qualification experience
• FMCG, Retail experience desirable
• Experience using AI (MS Co-Pilot) advantageous