Our client in a Petroleum industry is looking to employ a Treasury & Insurance Controller. You Accurately complete treasury and Insurance (EPL) month-end process in respect of foreign exchange transaction, money market transactions, long-term debt financing transactions, EPL insurance claims and EPL Insurance premiums to ensure that financial records are accurately recorded. Accurately complete treasury and Insurance (EPL) business plans in respect of term funding and insurance (EPL) premiums to ensure correctly accounted for in business plan. Prepare short term cash flow forecast for the Group to ensure adequate facilities are in place.

POSITION

Treasury & Insurance Controller

LOCATION

Cape Town/Gauteng

SALARY

Market Related

REQUIREMENTS

Minimum Qualification
NQF Level 7 B. Com (Accounting) Qualified Chartered Accountant CA (SA) (Advantageous)
5 years of experience in Finance or Treasury/ 3 years’ experience as a treasury accountant (Advantageous)
Knowledge of economics theory, banking operations and settlement processes
Good understanding of treasury systems
Responsibilities:

REPORTING AND BUDGET

Develop and complete relevant reporting (e.g. forex, month-end) and departmental budgeting for Treasury unit by ensuring compliance with IFRS.
Develop and complete relevant business plans for term funding and EPL insurance premiums.
Ensure good Corporate Governance to mitigate any inherent risk.
Provide expert technical advice where required in relation to Treasury related function.

OPERATIONAL CONTROL:

Conduct operational year end internal and external audit control and monitor & implement. Treasury Controls (Back and Front office) through consolidation of audit findings.
Ensure timely submission of SARB returns to ensure adherence to processes, policies and procedures.

CASH MANAGEMENT:

Ensure relevant cash management activities through effective communications with all internal/external stakeholders, ensuring no overdrawn opening bank balances.
Ensure accurate forecasting based on drivers, and daily Treasury position sheet accurately and timeously prepared to ensure adherence to processes, policies and procedures.

BANK FACILITIES AND LOANS:

Conduct relevant liaison activities with banks by updating facilities with identified banks, application of new facilities as required to ensure the Group has the appropriate facilities in place.
Ensuring loan repayments (payable and receivable) have been initiated and internal loans net-off to avoid undue interest.

SAP TRM:

Effectively utilize the TRM system for maximum benefit to ensure all treasury transaction are accurately recorded. Actively enhance the TRM system for banking changes and regulatory changes to ensure system is up to date.