Finance Manager: Banking

Truworths; Cape Town; On-site; ZAR 700,000 - 1,100,000; Full time

Job summary

Truworths in Cape Town is seeking an experienced banking and treasury professional to oversee local and foreign banking operations, treasury policy, and month-end processes.

Reporting to the Finance Manager, you will lead a small team, ensure reconciliations, KPI targets, cash flow forecasting, and liaise with banks and service providers to resolve discrepancies.

Qualifications

• B.Comm or equivalent qualification.
• Experience in banking/treasury management.
• Experience in finance retail environments.

Responsibilities

• Reconcile all bank and GL accounts and report discrepancies.
• Ensure banking policies and procedures are followed by the banking team.
• Liaise with local and foreign banks on treasury matters.
• Forecast daily cash flow and manage funding requirements.
• Manage head office petty cash and support audits.

Skills

Treasury management

Staff management

Microsoft Excel

Oracle Financials

Bank reconciliations

Foreign currency translation

Education

B.Comm or equivalent

Tools

Business Online Africa

Job description

We are looking for a detail orientated team player; who can meet multiple deadlines, problem solve, prioritise effectively, maintain calm and communicating effectively with the Finance Manager, the team, and external stakeholders (stores and banks), and manage all external relationships with service providers such as banks etc.

Reporting to the Finance Manager the primary responsibility of this role is to oversee the local and foreign banking operations, banking systems support, ensuring timely completion of banking month-end processes and staff management.

Key Responsibilities:

• Reporting to the Finance Manager, the primary responsibility is to ensure the reconciliation of all company bank and GL accounts and resolve/reporting all discrepancies.
• Ensure the correct policies and procedures are in place and being followed by the banking team in collecting documentation from stores with regards to queries/discrepancy resolution.
• Propose banking & treasury policy amendments/enhancements where applicable.
• Incorporate new business developments into the daily reconciliation process where relevant (new stores, new bank accounts, new acquisitions, new tender types).
• Ensure system effectiveness and efficiency, by liaising with IT Finance routinely to prioritise, and escale appropriately.
• Routinely liaise with local and foreign banks regarding banking & treasury matters.
• Ensure all queries are resolved within the permitted timeframes.
• Ensure all Banking and Treasury KPI`s are met.
• Assist the banking team with regards to succession and stand-in support, in the absence of any team members.
• Liaise with external and internal audit as required.
• Ensure accurate daily cash flow forecasting and efficient resulting investment/disinvestment and funding obligations are actioned meticulously daily.
• Ensure all banking agreements are current and signed by management.
• Manage funding monthly requirements, ensuring repayments/charges are actioned and accounted for correctly.
• Preparation of banking covenant calculations and submission of all required funding agreement requirements to the necessary institutions within the required time periods.
• Assisting in the secretarial duties for Investment Committee meetings.
• Ensure the completion and submission of all legislative documentary requirements to various institutions within required deadlines.
• Management of the head office petty cash function. Ensuring compliance with policy, updating policy as appropriate, spot checks and efficient office operation.
• Accurate & timely completion of the company cash flow forecast.

Qualifications and Experience:

• B.Comm or equivalent

Experience and Knowledge:

• Experience in the banking/treasury management
• Experience in a finance retail environment
• Experience in general finance processes including, inter alia, bank reconciliations, foreign currency translation and conversion, bank card queries, resolving bank discrepancies etc.
• Management/supervisory experience, and working within a team dynamic.
• Very strong computer skills: Microsoft Office suite (Outlook, Excel, Word), Oracle Financials, Business Online, new Business Online (Africa) and an appropriate bank reconciliation system

Truworths is committed to transformation and to providing equal employment opportunities in line with the Employment Equity Act.