Treasury, Cash and Contract Execution Lead

SUMMARY:
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POSITION INFO:

Our client is one of the leading sterile vaccine manufacturers rooted in Africa, with their core purpose being to "protect life". They are looking to hire a dynamic, passionate, confident, proactive and meticulous Treasury, Cash and Contract Execution Lead to join a goal-oriented team.

QUALIFICATIONS NEEDED:

• Bachelors degree or diploma in Financial Accounting or equivalent.
• Completed Articles
• Preferred: CA(SA)

NECESSARY EXPERIENCE & INDUSTRY KNOWLEDGE:

• 3+ years of recent experience in a similar role;
• Proven experience in cash flow management and forecasting;
• Exposure to foreign creditors and international payments;
• Experience with foreign exchange rates in major currencies
• Solid understanding of cross-border imports and exports processes;
• Proficiency in Ms Excel and data analysis and
• Proficient in SAP and Microsoft Office Suite or related software.

KEY DUTIES & RESPONSIBILITIES OF THE ROLE:

Cash Flow Management

• Actively manage cash flow via cash flow forecasting: Prepare and update a rolling 12-month cash flow forecast, incorporating base business income, expenditure, material purchasing and capital expenditure, as well as project funding and budgets, and any other cash flow considerations. Liaise closely with Project Managers and Financial Planning & Analysis team to ensure that all updates are incorporated into the cash flow forecast.
• Monitor cash usage and balances for the company’s base business, funded projects, and unfunded projects
• Track the cash and deferred income balances for grant funding received in advance.
• Prepare monthly management accounts and reporting decks. Report on Financial Accounting deliverables and metrics relating to cash flow in Monthly meetings.
• Prepare cash flow statements for the Annual financial statement for all companies. Validate line items to bank statement.
• Ensure that excess funds are invested to maximise interest earned.
• Maintain the cash flow forecasting principles document
• Training of staff throughout the business on Cash Flow Forecasting principles where required
• Coach graduates and other team members on the preparation of cash flow statements and report
• Balance Sheet forecasting: participate in budgeting cycle by preparing the budgeted balance sheet, working capital estimations and forecasted cash balances
• Audit assistance relating to bank and cash

Contracts Execution

• Assess all contracts to identify and track deliverables required from the finance team. Maintain a contract summary to ensure visibility of all deliverables, covenants and other requirements relevant to the finance department.
• Develop dashboards to monitor and present funder covenant rations
• Track execution costs of agreements: due diligence fees, credit applications, portfolio monitoring, bank charges for approvals, guarantees and other services, finance costs for loan terms, as well as all other costs relating to funding agreements. Ensure that costs are accounted for in the correct SAP cost centres.
• Maintain audit readiness and documentation for all executed contracts. Assist with internal and external audits and attend to funder audits where required.
• Collaborate with legal and procurement teams to ensure contract alignment with financial policies.
• Monitor and report on funding covenants, attend to all Funder reporting requests and ensure that internal processes meet the requirements of loan and grant agreements.
• Funding due diligence exercises ensure that all Financial Accounting deliverables are met.

Treasury Management

• Responsible for overseeing all exchange control applications, including both annual submissions and ad hoc requests, in compliance with regulatory requirements.
• Investigate and implement solutions to manage exchange risks. Provide management advise on covering exchange rate risk through hedging or other
• Review project budgets to identify expenses or suppliers which may be subject to SARB approval. Ensure that applications are submitted timeously and exchange approvals are in place when required.
• Tracking of exchange approvals ensure that renewals are obtained as and when required.
• Monitor EOIs on prepayments, ensure that documentation is provided to the bank to close outstanding EOIs.

Additional Duties

• Banking administration onboarding and offboarding of users, FICA updates, periodic review of users and access rights
• SARS audits
• Internal control audits
• SAP improvement projects participate in SAP projects and changes where required, lead SAP improvements for the finance department
• Project accounting ensure that accounting meets requirements for capitalisation of project expenses to intangible assets. Attend to any requirements related to the new build project.
• Monitor and report on funding covenants, attend to all Funder reporting requests and requirements.