Finance Manager: Banking and Treasury

Truworths; South Africa; On-site; ZAR 600 000 - 800 000; Full time

Job summary

A prominent retail company in South Africa is seeking a Finance Manager: Banking and Treasury to oversee banking operations and finance processes. This role requires strong experience in banking management, effective communication with stakeholders, and robust computer skills. You'll manage cash flow forecasting and ensure compliance with banking agreements. Ideal candidates should hold a B.Comm or equivalent and prefer previous experience in a retail finance environment. The position is on-site, offering the chance to lead a finance team.

Qualifications

• 5+ years of experience in banking or treasury management in a finance retail environment.
• Management or supervisory experience is required.
• Proficiency in Microsoft Office (Outlook, Excel, Word) with strong analytical skills.

Responsibilities

• Oversee reconciliation of local and foreign banking operations.
• Ensure timely completion of banking month-end processes.
• Maintain relationships with banks and service providers.

Skills

Experience in banking/treasury management

Strong computer skills in Microsoft Office

Team collaboration

Education

B.Comm or equivalent

Tools

Oracle Financials

Business Online

Job description

Overview

Job Title: Finance Manager: Banking and Treasury

Business Area: Finance

Job Type: Permanent

Workplace Type: On-site

Location: South Africa, Western Cape, Cape Town

Closing Date: 2026/02/02

Reference Number: TRU250303-2

Job Description: We are looking for a detail oriented team player who can meet multiple deadlines, solve problems, prioritise effectively, maintain calm and communicate effectively with the Finance Manager, the team, and external stakeholders (stores and banks), and manage all external relationships with service providers such as banks. Reporting to the Finance Manager, the primary responsibility of this role is to oversee the local and foreign banking operations, banking systems support, and ensure timely completion of banking month-end processes and staff management.

Responsibilities

• Reporting to the Finance Manager, the primary responsibility is to ensure the reconciliation of all company bank and GL accounts and resolve/report any discrepancies.
• Ensure the correct policies and procedures are in place and followed by the banking team in collecting documentation from stores with regard 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 to prioritise and escalate 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 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 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.
• Prepare banking covenant calculations and submit all required funding agreement requirements to the necessary institutions within the required time periods.
• Assist in secretarial duties for Investment Committee meetings.
• Ensure the completion and submission of all legislative documentary requirements to various institutions within required deadlines.
• Manage the head office petty cash function, ensuring compliance with policy, updating policy as appropriate, spot checks and efficient office operation.
• Accurate and timely completion of the company cash flow forecast.

Qualifications and Experience

QUALIFICATIONS

• B.Comm or equivalent

EXPERIENCE / KNOWLEDGE

• Experience in banking/treasury management
• Experience in a finance retail environment
• Experience in general finance processes including 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

Competencies

TECHNICAL Essential Competencies

• Reconciliation of bank accounts across multiple organisations
• Very strong computer skills: Microsoft Office suite (Outlook, Excel, Word), Oracle Financials, Business Online, new Business Online (Africa) and an appropriate bank reconciliation system
• Ability to interact confidently with superiors and customers
• Ability to liaise with Local and Foreign Banking institutions and regulators
• Ability to handle and resolve client queries accurately and timeously
• Ability to co-ordinate banking month-end functions
• Ability to work as part of a team
• Prioritise work appropriately
• Ability to meet tight deadlines and work under pressure

BEHAVIOURAL

• Self-starter, self-motivated and self-managed
• Calm, good communicator
• Organised and focused
• Team orientated
• Attention to detail
• Good energy and attitude
• Ability to multi task and prioritise appropriately