Treasury Dealer/Officer – Parktown needed at Hollard Insurance
Job title : Treasury Dealer/Officer – Parktown
Job Location : Gauteng, Johannesburg
Deadline : April 28, 2024
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Key Responsibilities
Cash and Liquidity Management
- Monthly sweeping/transfer of premium bank accounts
- Daily funding of claims bank accounts
- Daily funding of operational bank accounts
- Ensuring every bank account has a positive balance and download of balances daily.
- Managing and monitoring the company’s day to day liquidity
- Managing and ensuring that maturities and settlements are received timeously.
Maximising returns on cash investments :
- Dealing on Fixed Deposits, Call Deposits, Negotiable Certificate of Deposits, Repurchase Agreements
- Execution of Money Market fund decisions
Administration of the Treasury Front Office function
- Treasury System
- Updating daily deals
- Reconciling and updating monthly interest on investment accounts
- Updating interest rates
- Opening and closing of new treasury accounts according to the investment instruments purchased on Treasury system.
- Training new users on Treasury system.
- Key contact with system service provider to assist in resolving any technical issues.
- Completion of Collective Investment Scheme instructions
- Creating payments and transfers on Banking Online systems: Dividends, Tax, Investments, Loans, Salaries
Administration and Accounting of Hollard Treasury Partners
- Update daily Treasury Partner call movements on the Treasury system.
- Monitor and maintain interest rates allocated to Treasury Partners on Treasury System
- Monthly Reconciliation and distribution of Treasury Partner statements to Business Units.
- Preparation of monthly Treasury Partner interest journals to be posted in the Financial System (Great Plains) and reconcile the clearing accounts.
- Follow up with Business Units regarding entries not posted on financial system.
Credit Cards
- Issuing cards to authorised employees of Hollard for business use and cancelling of cards for employees that have left Hollard.
- Maintenance of credit cards limits, increase or decrease according to requests from management.
- Maintenance spreadsheet of active credit card users and reconcile with bank.
- Being a liaison for Hollard with the Credit card division at the bank.
- Contact bank to investigate fraudulent activities on company credit cards. Cancel and reissue cards.
Reporting
Work alongside Treasury Manager in
- Preparing weekly Treasury cash position reports for investment or disinvestment decisions
- Preparing quarterly reports of list of bank accounts to submit to the bank for Set-off agreement purposes.
- Preparing quarterly list of Broker accounts swept & funded by Treasury to be shared with Financial Business Partners
- Any other reporting that would be beneficial for analysis purposes and/or creating efficiencies within the Treasury Department and Hollard Group
- Maintaining a list of current accounts and the purpose thereof
- Reporting to the Bank relationship Officer of dormant accounts and consider closing after discussion with Business Unit.
- Reporting the new bank accounts that could be swept or funded.
- Analysis of bank charges incurred in each bank account and submit report monthly to management.
Required Knowledge and Experience
Dealing in foreign exchange
Foreign payments
- Capturing and submitting foreign exchange payment applications (on NedTreasury system or manually) to the bank for payment
- Ensure documents are in order and invoiced and paid from correct entity.
- Confirmations to be saved and sent to Business Unit.
- Resolve queries for foreign payments.
- Confirming incoming and outgoing of overseas funds
Foreign payments (Hollard Group)
- Booking of Forward Exchange Contracts
- Managing, update and renew foreign exchange approvals.
- Drafting and submitting of foreign exchange approval applications to Nedbank and RMB Exchange Control
- Save reminders for renewing of SARB re-applications.
- Compare foreign exchange rates between banks to negotiate the best rate.
- Working alongside the Treasury Manager in creating efficiencies and looking at improvements in managing foreign transactions and the implementation of system changes.
- Update foreign registers and distribute to cashbook and Vat specialists.
- Emotional maturity
- Ability to perform in pressurized and high paced environment.
- Excellent interpersonal and communications skills
- Good time-management and prioritization skills
- Analytical Skills
- Computer skills, specifically MS Office programs
Educational Requirements
- Minimum Qualification: Matric
- BCom or Business Management Diploma, Treasury related qualification advantageous
- Years of experience: 3-5yrs experience, and Treasury and Financial systems knowledge
How to Apply for this Offer
Interested and Qualified candidates should Click here to Apply Now