Treasury Manager at Virgin Active South Africa

We can’t live without…

• Qualified charted accountant (SA)
• At least 2 years’ post qualification work experience
• Respect for others
• The ability to manage and develop small teams
• Honesty and accountability
• Strong analytical and problem-solving skills
• Ability to work under pressure as part of a communicating team
• Critical, assiduous and ability to provide informative interpretation of business information

We’d love you to…

• Be deadline driven
• To be able to work independently
• Have strong written, presentation and verbal communication skills

A day in the life (your duties and responsibilities)

• Effective management of short-term liquidity requirements including daily cash management reporting and cash flow forecasting;
• Maximise interest earnings on excess cash held and facility management;
• Maintain treasury policies, procedures and controls relating to payment methods, club banking, petty cash, foreign exchange, hedging, bank guarantees, account verification and approved list of payment authorizers and signatories (TITO; Online banking; Scubed);
• Ensure compliance with all commercial banking and Reserve Bank regulations;
• Ensure compliance with Facility agreement, liaise with facility agent and fulfill lender requests, maintaining facility covenant models and debt amortization schedules;
• Assist finance manager with balance sheet and cash flow 5YP forecasts, ensuring the correct accounting of all all debt, dividend and intercompany payments and balances including complete compliance with the Facility agreement;
• Together with the General Ledger Manager, ensure that all foreign related party balances are minimized, and balances and transactions are recorded and settled in compliance with SA Reserve Bank regulations and the Facility agreement;  
• Ensure adequate risk management tools and policies are in place to mitigate against interest rate and foreign exchange risk;
• Ensure complete and proper hedge accounting documentation is maintained for qualifying cash flow hedges as per IFRS 9;
• Maintain online enterprise banking user profiles and ensuring that all bank signatories are valid and complete;
• Ensure that proper and seamless business payment systems are in place so that only valid and authorized payments are made, in line with appropriately approved policy and that maximise collection from customers at minimal cost;
• Promote and maintain an engaged business relationship with partner banks and fintech service providers where applicable, procuring new, efficient and relevant transactional banking products and payment solutions,
• Work closely with ERP / accounting system support and development teams to ensure optimum functioning of the cash subledger and cash reconciliations in Microsoft Dynamics AX;
• Work closely with banking application support and development teams (internal and external) to optimize innovation, functionality and a proper and protected transfer of banking payment files system;
• Represent treasury on new projects and development work relating to payment methods and integration to accounting and membership systems;
• Ensure that the treasury team reconciles and posts all cash transactions accurately, completely and timeously and review of monthly bank account reconciliations.
• Staff hiring, training and performance management;
• Ensure effective treasury support services to clubs and head office, ensuring compliance with communicated policies and turnaround times;
• Satisfying external audit and budget request.