Manager: Treasury and Compliance - Komatsu Africa Holdings (Pty) Ltd - Johannesburg, South Africa
(2023-07)
Monitor daily cash balances and Cash forecasting to ensure sufficient liquidity for operational needs.
- Implements sound treasury back-office controls: month-end close, journals, reconciliations, payment validations, segregation of duties.
- Responsible for Treasury performance and KPI reporting
- Delivers accurate management reporting and supports budgeting/forecasting for income statement, balance sheet and cash flow.
- Prepares FX revaluations, MTM analyses and hedge accounting artefacts to support compliant reporting.
- Monitor currency exposures and support FX hedging activities to minimize operational exchange rate risk for the marketing business.
- Negotiation of credit lines and Bank funding agreements, coordinates with legal, credit and sales teams to ensure optimal pricing and terms.
- Provide exchange rates to the Marketing and Mining teams.
- Conducts annual appraisals and continuous performance reviews.
- Coordinates internal/external audits; tracks findings to resolution; strengthens governance and fraud risk mitigation. (J SOX)
- Collaborates with finance and business teams for cross functional activities to enhance reporting, data integrity and operational efficiency.
- Builds relationships with banks and auditors; provides timely stakeholder inputs for decision-making.
- Forecast cash flow requirements and develop strategies to optimize cash positions.
- Reviewing and releasing Internation payments.(JPY,USD,EUR,GBP & NOX)
- Ensuring that payments are in line the exchange control regulations from the SARB.
- Resolving payment issues with the banks.
- Overseeing bank account management documentation and reviewing bank recons (ZAR,USD,JPY & EUR)
- Execute and oversee cash disbursements and receipts efficiently.
- Identifying and Managing forex risk for Mining machinery and Parts.
- Maintain and manage relationships with financial institutions and counterparties.
- Develop strategic investment policies and strategies for surplus cash.
- Evaluate and recommend investment opportunities.
- Prepare and present accurate and timely treasury reports to senior management and stakeholders.
- Maintain and analyse treasury-related financial data.
- Assist in the preparation of financial statements and disclosures related to treasury activities.
- Stay up-to-date with financial regulations, SWIFT changes and exchange control requirements.
- Ensure adherence to regulatory guidelines in treasury operations.
- Maintain communication and collaboration with internal and external auditors during audits.
- Supervise, Training and development of a fast-paced team of treasury professionals, providing guidance and mentorship.
Assistant Treasury manager at Coca Cola Beverages Africa - Genpact | Coca cola Beverages Africa - Johannesburg, South Africa
(2021-12 - 2023-06)
Assistant Treasury manager supporting cash management and bank operations for Coca Cola Beverages Africa.
- Manage the bank clearing accounts
- Sign off month end bank reconciliations
- Perform month end Bank analytics for all clearing accounts
- Weekly cashflow projections
- Investigate on mis-clearings and misallocations
- Liaise with the team on payments/receipts not automatically allocated by the robot.
- Perform Forex reval entries
- Checking TB for unusually high unallocated items
- Ensure the team has successfully uploaded bank statements daily.
- Authorize payments on Standard bank business online.
- Review Monthly Market to Market recon.
- Ensure the team has loaded foreign payments correctly and appropriate supporting docs are sent to the bank.
- Maintain relationships with various stakeholders (Banks, External Auditors, Customers).
Corporate Treasury Specialist - Merck (Pty) Ltd - Johannesburg, South Africa
(2020-12 - 2021-11)
Taking care of 2 Entities in South Africa, 1 Kenya, 1 Angola, 1 Mozambique and 1 Nigeria.
- Book forex for any import obligations
- Maintains the approved cash float for the company
- On daily basis, perform reconciliation of deposits, creditors payments, and cash book payments to the bank statement in order to minimize risk and the possibility of fraud
- Process all local and foreign payments according to company standards and keep proper documentation thereof - Handle receipts, banking and protection of company funds
- Invest available funds - Forecast cash flow positions - Analyse risk that might impact cash flow
- Support business strategy through data analysis to improve decision-making and processes.
- Maintain cash flow by reviewing banking activity and reconciling monthly reports
- Comply with Corporate Treasury requirements - Comply with Reserve Bank statutory requirements and legislation
- Drove the deployment and development of treasury products by fostering collaborative decision-making and clearly communicating best practices across stakeholders
- Ensure enough funds are available to meet ongoing operational and capital investments requirements
- Prepare Financial reports, keep abreast of changes in Financial Regulations and legislation
- Manage credit card facility
- Maintain a system of policies and procedures that impose an adequate level of control over Treasury activities
- Risk and Credit Control management
- Managing technical automation projects to design and implement effective Treasury solutions
- Process Improvements using analysis , communication, and strong interpersonal skills.
- Provide solutions to complex issues within Treasury
Treasury Officer - Wilmar Oils SA (Pty) ltd - Johannesburg, South Africa
(2015-10 - 2020-11)
Treasury Officer responsible for cash management, forex operations, and multi-entity treasury functions.
- Daily cash forecasting for all 4 Entities done to avoid liquidity problems. (Multi-Currency)
- Instruct any interbank transfers daily
- Effective funding planning allocation to lower interest rates.
- Maintain transactional banking relations with all banks.
- Adhering to the legal and admin requirements from the banks (SARB approvals, signatories, documentation, FICA,KYC)
- Opening and Closing of the entities bank accounts.
- Managing access controls for users on all bank portals.
- Manage the trade finance position of the Entities
- Manage the Money Market of the entity.
- Exchange control applications with the banks.
- Weekly SA Financing position reporting to Singapore.
- Validate Interest charged by all banks for financing.
- Bank Charges validations.
- Oversee Shared services centre in loading of forex payments.
- Review Foreign Creditors recons.
- Manage intercompany loan positions.
- Oversee debtors' collections vs projections.
- Oversee bank reconciliations.
- Any adhoc tasks requested by the Manager.
- Book forex for any import obligations (Standard Bank & Standard Chartered Bank)
- Compile the daily FX exposure report and report to Singapore.
- Daily Reconcile the Trading position and the Financial position.
- Ensure hedge levels follow the groups hedging policy.
- Validate and analysis of Forex gains and losses.
- Compile the Hedge Accounting report Monthly.
- Monthly Review of the Market to Market for open hedges.
- Buying currency from the Standard Bank and Standard Chartered bank for foreign payments.
Cash Book Clerk - Wilmar Oils SA (Pty) ltd - Johannesburg, South Africa
(2013-11 - 2015-09)
Cash Book Clerk responsible for banking operations and cash management across multiple international banks.
- Daily downloading of bank statements across all international banks.
- Capturing of cashbook transactions and allocation of payments to invoices.
- Loading Online payments on the banking system.
- Gathering documentation required by Banks eg. BOP forms, copy invoices etc.
- Reporting all In & Outgoing funds of the day.
- Preparation and distribution of weekly Debtors &Creditors List.
- Liaise with Operations for payment allocations.
- Manage bank balances.
- Capturing of Fleet card, petty cash, expense claims, commission and charges.
- Prepare month end bank reconciliations of all banks.
- Manage filing of all bank statements, payment requests and all bank correspondence.
Bookkeeper - Great Return Investments CC - Johannesburg, South Africa
(2013-05 - 2013-10)
Bookkeeper providing accounting and auditing support.
- Setting up a meeting with the client to have an overview of the business
- Creating financials for the client for audit purposes.
- Capturing the cashbook and invoices for the client.
- Submitting Vat returns for the client.
- Liaising with the external Auditors for Audit purposes.
- Assisting The Audit team in the following:-
- Inquiring of management and others to gain an understanding of the organization itself, its operations, financial reporting, and known fraud or error.
- Evaluating and understanding the internal control system.
- Performing analytical procedures on expected or unexpected variances in account balances or classes of transactions.
- Testing documentation supporting account balances or classes of transactions observing the physical inventory count.
- Confirming accounts receivable and other accounts with a third party.
Financial administrator - Ukupha Group (Mohwelere Trading (Pty) Ltd, Phakamole Trading (Pty) Ltd, Phakamole Logistics, Tillado Investments and Advent Oil (Pty) Ltd) - Johannesburg, South Africa
(2010-07 - 2013-04)
Financial administrator managing accounting operations across multiple entities.
- Excellent PASTEL knowledge.
- Microsoft office 365, powerpoint and Microsoft Excel knowledge
- Ensure that all the cashbook transactions are processed and posted accurately within specified timeliness.
- Ensure that all creditors invoices are captured and posted and creditors' reconciliations are done timeously.
- Ensure that creditors are paid within the agreed times.
- Ensure that the debtors' invoices are raised and dispatched within the shortest possible time.
- Calculate Depreciation and post on a monthly basis to reflect changes in the asset register.
- Ensure that all petty cash expenses are processed and reconciled.
- Ensure that VAT returns and other statutory returns are completed and submitted to the external Auditor to then liaise with the South African Revenue Services.
- Ensure that vatable invoices are raised correctly and posted to correct profit and cost centers.
- Preform Bank Recons
- Payments problem-solving
- Assist with daily cash flow monitoring and report.
- Drafting monthly Budgets.
Filling Assistant - Mohwelere Trading (Pty) Ltd - Johannesburg, South Africa
(2010-03 - 2010-07)
Filing Assistant managing records and documentation.
- Add new material to file records, and create new records as necessary.
- Answer questions about records and files.
- Assign and record or stamp identification numbers or codes in order to index materials for filing.
- Eliminate outdated or unnecessary materials, destroying them or transferring them to inactive storage according to file maintenance guidelines and/or legal requirements.
- Enter document identification codes into systems in order to determine locations of documents to be retrieved.
- Find and retrieve information from files in response to requests from authorized users.
- Keep records of materials filed or removed.
