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To inspire people to live active livesTo ensure business liquidity, regulatory and lender compliance
Duties & Responsibilities
To always do your bit towards achieving ourVisionof beingA digitally engaged fitness community of 2m people by 2025 loving being active, anytime, anywhere;to live and role-model ourValuesofAlways learning, Always improving; Inspiring people; Have fun and Do the right thing; and make ourVisiona reality through ourMissionto deliver inspiring exercise experiences offering something for everyone, enabled by our digital ecosystem and data-rich customer engagement, which supports our customers in achieving their fitness goals in our clubs, at home and outdoors.
Effective management of short-term liquidity requirements including daily cash management reporting and cash flow forecasting;
Maximise interest earnings on excess cash held and facility management;
Maintain treasury policies, procedures and controls relating to payment methods, club banking, petty cash, foreign exchange, hedging, bank guarantees, account verification and approved list of payment authorizers and signatories (TITO; Online banking; Scubed);
Ensure compliance with all commercial banking and Reserve Bank regulations;
Ensure compliance with Facility agreement, liaise with facility agent and fulfill lender requests, maintaining facility covenant models and debt amortization schedules;
Assist finance manager with balance sheet and cash flow 5YP forecasts, ensuring the correct accounting of all all debt, dividend and intercompany payments and balances including complete compliance with the Facility agreement;
Together with the General Ledger Manager, ensure that all foreign related party balances are minimized, and balances and transactions are recorded and settled in compliance with SA Reserve Bank regulations and the Facility agreement;
Ensure adequate risk management tools and policies are in place to mitigate against interest rate and foreign exchange risk;
Ensure complete and proper hedge accounting documentation is maintained for qualifying cash flow hedges as per IFRS 9;
Maintain online enterprise banking user profiles and ensuring that all bank signatories are valid and complete;
Ensure that proper and seamless business payment systems are in place so that only valid and authorized payments are made, in line with appropriately approved policy and that maximise collection from customers at minimal cost;
Promote and maintain an engaged business relationship with partner banks and fintech service providers where applicable, procuring new, efficient and relevant transactional banking products and payment solutions,
Work closely with ERP / accounting system support and development teams to ensure optimum functioning of the cash subledger and cash reconciliations in Microsoft Dynamics AX;
Work closely with banking application support and development teams (internal and external) to optimize innovation, functionality and a proper and protected transfer of banking payment files system;
Represent treasury on new projects and development work relating to payment methods and integration to accounting and membership systems;
Ensure that the treasury team reconciles and posts all cash transactions accurately, completely and timeously and review of monthly bank account reconciliations.
Staff hiring, training and performance management;
Ensure effective treasury support services to clubs and head office, ensuring compliance with communicated policies and turnaround times;
Satisfying external audit and budget request.
Desired Experience & Qualification
We can't live without…
Qualified charted accountant (SA)
At least 2 years' post qualification work experience
Respect for others
The ability to manage and develop small teams
Honesty and accountability
Strong analytical and problem-solving skills
Ability to work under pressure as part of a communicating team
Critical, assiduous and ability to provide informative interpretation of business information
We'd love you to…
To be able to work independently
Have strong written, presentation and verbal communication skills
Company Benefits
Entertainment Area
Gym
Training
The benefits listed are applicable to the company and can differ depending on the position or department.
Cape Town - West Coast (Table View - Atlantis)
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