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  • Posted: Mar 20, 2020
    Deadline: Not specified
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    MultiChoice South Africa's activities involve the operation of Pay-Television and internet subscriber platforms. The MultiChoice South Africa group includes the digital satellite Pay-Television business ("DStv"), which has been in operation since 1995. Other businesses in the group are; M-Net (delivers thematic channels and exclusive content to DSt...
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    Senior Treasury Analyst

    Senior Treasury Analyst

    The Organization

    The Multichoice Group is a broad-based multinational media and entertainment group headquartered in South Africa, Dubai and Netherlands with principal operations in pay television, video entertainment, advertising and content security serving rapidly growing base of 13,5 million households. Eminent brands within the Group include DSTV, GOTv, SuperSport, M-Net, DSTVnow, Showmax and Europe based content security leader Irdeto. Key areas of operations are:

    • Storytelling ranging from content creation, production and aggregation including the best global general entertainment, sport and eminent African content library, delivered to customers
    • Pay Television: direct-to-home satellite and digital terrestrial television services;
    • SVOD: subscription video on demand services across multiple online platforms with a focus on library and local content in developing markets, and
    • Advertising: providing dynamic media solutions; handling commercial airtime, on-air sponsorships, content integration, and online sales across a variety of 130+ channel brands on linear TV, VOD, social media, and digital platforms.
       

    The group’s strength lies in its focus on local language and culture, its entrepreneurial spirit and the quality of its workforce. Multichoice Group has a successful history of identifying trends early, adapting them for the markets in which it operates and leveraging them to maximum advantage. The group generates revenues primarily through subscription model, with a growing contribution from advertising revenue. Its key objectives are to:
     

    • Expand Pay TV, SVOD subscriber base and Advertising sales
    • Focus on investment and technology
    • Maintain a local approach
    • Provide quality service
    • Attract innovative and motivated employees

    Key Customers

    Internal:

    • Group Treasurer
    • Head of finance and related finance staff for:
    • Mnet
    • DSTV Media Sales
    • NMS Insurance Services
    • SuperSport
    • MultiChoice South Africa
    • ShowMax
    • MultiChoice Rest of Africa
    • Irdeto
    • MultiChoice Shared Services department

    External:

    • MultiChoice banking partners

    Purpose of the Position:

    • Supporting the Group Treasurer with all daily operational treasury activities with a key focus on the following areas, this role will also manage and review work performed by Treasury Analyst:
      • Financial risk management of the Group’s foreign exchange exposures
      • Cash and liquidity management
      • Governance and risk management


    Key Performance Objectives
    Tasks [ The focus will always be on only one of the core functions based on the Group Treasury rotational structure. There are therefore some duplicate items within the three focus areas]

    Financial Risk Management

    • Preparation of monthly Treasury reports and explanations of variances from budgets/forecasts, as well as reporting on hedge performance.
    • Analysing foreign currency exposures and propose hedges that should be executed.
    • All FX deal executions (spots, forwards and NDF’s)
    • Ensuring all deals executed are correctly captured/reported in the Treasury Management System, including FX revaluation reports
    • Analysing hedging journals that have been processed across the group.
    • Assisting internal customers with the preparation and upkeep of hedge documentation.
    • Setup and roll-out treasury related processes across the group.
    • Work with internal and external auditors to comply with audit requests.
    • Ad hoc treasury assignments, analysis and projects.
    • Support the various shared-services teams across the business with treasury related queries.
    • Support with traditional treasury back office functions


    Cash and liquidity Management

    • Managing of ZAR and USD cash pools and related interest calculations
    • Execution of Daily cash transactions
    • Support the internal MultiChoice customers with cash-flow forecasting activities (which include budgeting/forecasting of future cash flows)
    • Assist the Group Treasurer in the preparation of monthly Treasury reports indicating actual vs forecast variances
    • Setup and roll-out treasury related processes across the group
    • Work with internal and external auditors to comply with audit requests
    • Ad hoc treasury assignments, analysis and projects
    • Support the various shared-services teams across the business with treasury related queries
    • Support with traditional treasury back office functions


    Governance and Risk Management

    • Preparation of monthly compliance reports
    • Maintaining the integrity of the Treasury Management System
    • Assisting the Corporate accountant with the preparation of monthly Treasury related journals
    • Support the various shared-services teams across the business with treasury related queries
    • Setup and roll-out treasury related processes across the group
    • Work with internal and external auditors to comply with audit requests
    • Ad hoc treasury assignments, analysis and projects
    • Support on all bank related queries and KYC processes
    • Ensure businesses as well as the treasury team is in compliance with group Treasury policies
    • Assist with preparing treasury governance policies, procedures and protocols


    People Management

    • Oversee the activities of the team to ensure effective delivery of business outcomes.
    • Develop a high performing team by embedding formal performance management process and informal coaching. Encourage frequent knowledge sharing between team members.
    • Determine and analyse development needs for the team and ensure that identified training requirements are budgeted for and executed.
    • Interview and recruit new members of the team, including determining appropriate compensation levels with input from Human Resources.
    • Create effective workforce and recruitment demand plans to ensure that current and future business requirements can be met.
    • When required, initiate disciplinary processes for team members calling on support from Human Resources when required.
    • Resolve grievances raised by team members and escalate only if required.
    • Address poor performance of any team member through the formal Performance improvement programme and ensure that continued poor performance is appropriately dealt with.
    • Motivate team members and ensure that their efforts are recognised.

    Qualifications Essential:

    • Bachelors in Accounting – CA(SA) preferred

    Experience

    • Previous Corporate Treasury experience
    • Previous hedge accounting / IFRS9 experience beneficial
    • Preparation of management reports and/or dashboards
    • Previous experience in managing junior staff members


    Technical Competencies (List the key technical competencies)

    • Strategic thinking and decision making
    • Knowledge of commonly used Treasury concepts, practices and procedures
    • Understanding of and passion for financial markets
    • Strong analytical and quantitative skill set
    • Financial acumen, and ability to build financial models and run scenario simulations
    • Business acumen
    • Advanced computer literacy in Microsoft Office (word, excel and power point)


    Behavioral Competencies (List the key behavioral competencies)

    • Relationship Building
    • Conflict Resolution
    • Decision Making
    • Critical Appraisal
    • Holistic Thinking
    • Persuading & Influence
    • Coaching

     

    Method of Application

    Interested and qualified? Go to MultiChoice on multichoice.taleo.net to apply

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