A large commodities company based in the East Rand is looking for a Financial Manager to focus on Bank and Cash.
Duties & Responsibilities
Educational and requirements:
Completed relevant qualification as CA(SA)
Up to 7 years experience in a similar role (5 to 7 years post articles experience)
Industry experience: Manufacturing, Mining, Commoies
Cash management is a major responsibility: Experience dealing with and overseeing large volumes of cash (payments and receivables) and foreign the main requirement
General Leadger Reconciliations
Reports and Submissions
Staff Management/ Supervision/ Coaching
Up to date IFRS knowledge is another minimum requirement
SAP would be highly advantageous
Main focus on Cash Requirements:
Maintain daily cash position reports indicating the company’s cash position. Monitor cash levels, draw down levels and funding roll-overs to maintain appropriate levels of cash and liquidity aligned to the funding and liquidity targets
Review daily estimates for both USD and ZAR currency to determine the adequacy of funds and breakeven points for cash and bank.
Disbursement of funds for all due accounts.
Liaison with banks to ensure processing of payments are smooth and beneficiaries receive good value for remittances.
Monthly perform six-month cash forecast
Instruct treasury regarding the investment of the excess cash on short- and long-term basis to optimise Investment Returns on Surplus Cash
Ensure bank revaluations are performed correctly on a monthly basis
Perform mark-to-mark revaluations for forward purchases
Package & Remuneration
R 700 000 - 900 000 Monthly