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