CompanyThe Beverage CompanyReference ##FIN22Published30/06/2021Contract TypePermanentSalaryMarket RelatedLocationIsando, Gauteng, South AfricaIntroductionRole Purpose
Manages and monitors daily cash management transactions, reports cash operation activities, and supports borrowing/investment transactions daily. Ensures liquidity and prepares cash flow projections. Additional responsibilities include assisting in the development of bank relationships, determination of investment and anticipation of short-term borrowing needs. Responsible for liquidity management, including in-house banking and providing payment support, as applicable. Assesses the products, services, technologies, and systems that are available and appropriate for The Bevco Treasury department. Responsible for the housekeeping and management of the banking system. With the assistance of the Financial Services Accountant, manages and monitors capital expenditure requirements from a financial accounting perspective, ensuring accurate entries to the balance sheet for capex purchases and completed work-in-progress projects. Responsible for Capex management, balance sheet reconciliations and ad-hoc requirements of the Financial Services team.
Responsible for the maintenance of all loan schedules, ensuring accurate and complete interest calculations and timely interest and capital repayments.
This role reports to the Financial Accountant.Job FunctionsFinanceIndustriesFmcg (Fast Moving Consumer Goods Sector),Food & BeveragesSpecificationKey Accountabilities and Outputs
Treasury Management
•Monitors and manages company’s daily cash position. Anticipates short-term borrowing needs and communicates them to management.
•Responsible for loading of inter bank account transfers and sweepings.
•Responsible for verifying and performing the first release of payments as and when required.
•Responsible for loading foreign payments as and when applicable.
•Resolves foreign exchange (FX) currency issues in terms of settlement of delivery with the bank.
•Responsible for third party payments (Sugar Beverage Levy) based on calculations received from Strategic Finance.
•Responsible for reporting daily cash balances available and preparing the daily banking summary for
the CFO’s review.
•Performs daily bank account reconciliations and investigate and resolves variances.
•Responsible for account management and banking system maintenance. This includes adding/removing users, linking user devices, debit order cancellations and updating beneficiary details.
•Ensuring all KYC checks are performed and adhered to prior to loading beneficiaries on the banking system.
•Manages the credit card processes including but not limited to attending to credit card queries, opening, or closing of credit cards and providing statements to management when required. Perform reviews on credit cards expenses ensuring valid and accurate transactions.
•Credit card management and housekeeping, ensuring only authorised persons have access to credit cards.
•Communicates with HR to ensure employees who are no longer employed in the business have their credit cards cancelled and banking access removed.
•Manages and maintains banking relationships on a transactional level, and reports bank related information to the Financial Accountant.
•Recommends and implements improvements to current cash management processes.
•Maintains all cash inflow/outflow schedules for forecasting. Assists with cash forecasting as required.
•Acts as an expert advisor on banking issues for the business units and other corporate functional areas.
•Ensures compliance with FIAS, anti-money laundering regulations, and other rules governing cash transactions and banking.
•Interfaces with accounting for bank general ledger upload, journal entry differences and general troubleshooting.
•Resolves errors timely.
•Monitor’s bank charges and continues to investigate opportunities to reduce bank charges.
Capex management
•Monitoring monthly capital expenditure requirements by obtaining information from various project managers and owners.
•With the assistance of the Financial Services Accountant, ensuring that capital expenditure is appropriately accounted for in terms of IAS16.
•Creating monthly capital expenditure reports reflecting variances between actual and budgeted capex monthly and year to date for the review of the Financial Accountant.
•Together with the assistance from the Financial Services Accountant, ensuring that Fixed Asset, Intangible Asset and Tax Asset Registers are accurate and complete.
•Ensuring accurate depreciation and amortisation journal entries are processed monthly.
•Providing a forecast cash flow view of monthly capex expenditure to the Financial Accountant.
•Tracking work-in progress capex projects and ensuring accurate capitalisation to the balance sheet once the project is completed.
•Work with Regional Financial Managers to perform annual verification of physical assets
Loan schedules
•Maintaining the loan schedules across the group entities, including posting of monthly journal entries.
•Updating loan schedules for changes in interest rates when applicable
•Reviewing loan schedules to determine when payments of interest and capital are due
Balance Sheet and Ad-Hoc Tasks
•Assists the Financial Accountant with performing balance sheet reconciliations monthly. Reconciliations to be performed will be communicated by the Financial Accountant.
•Ensuring appropriate KYC checks are performed on suppliers prior to the creation of finance purchase orders
•Creates finance purchase orders when requested by management.
•Follows through on purchase orders created from creation up until payment of the invoice. Provides management with continuous feedback and the status of the Purchase Order.
•Being able to stand in for other team members when required.
Behavioral Competencies
•Ability to work under pressure and in a fast-paced environment.
•Ability to work independently.
•Taking ownership and accountability for actions.
•Ability to form relationships and influence decision making with stakeholders at all levels of the organisation.
•Assertiveness.
•Effective communicator.
•Innovativeness and ability to improve processes and controls in daily tasks.
•Ability to work in multidisciplinary teams.
•Being reliable and a team player.
•Be willing to work on projects and to go above and beyond.
•Detail orientated.
•Results and goal orientated.
•Learning and having a growth mind-set.
RequirementsQualification:
•Bachelor’s degree in Commerce or related field required.
Experience and skills
•At least 4 - 5 years’ experience in a Treasury role
•Knowledge of appropriate accounting and financial software programs (SAP would be an added advantage but not a requirement).
•Knowledge of MS Office including Excel, Word, and PowerPoint.
•Knowledge of receivables, payables, and cash processes.
•Relevant financial analysis knowledge.
•Presentation skills.
•Troubleshooting and ability to resolve problems with minimal assistance.
Job Closing Date02/07/2021Share on
