As Country Treasury Manager, you will be part of ABB South Africa Finance department and will be based in Modderfontein. As a Country Treasury Manager you will be responsible to represent Group Treasury function in the Country. You will also be responsible for the coordination and monitoring of all Group Treasury activities in line with local regulations and business requirements, and in cooperation with Group Treasury function.
Tasks:
Your tasks as a Country Treasury Manager will include the following:
1. Risk management
• Identify and manage the financial risks relating to Treasury and impacting the Country/Region (e.g. if applicable cash management, foreign exchange (FX) management, insurance risk management, export and trade finance, pension management).
• Designs and implements the appropriate risk mitigation strategies.
• Formulate risk management policies with the aim to protect adverse impact on the company’s results and to support the business achieving their targets.
2. Best practices
• Communicates and implements Finance Group directives and instructions locally, ensuring cost efficient and best practice treasury and finance processes are in place within area of responsibility and in line with Group guidelines and practices.
3. Process improvement
• Drive continuous initiatives and process improvements in Treasury to keep abreast of the latest developments in this area.
• Coordinates Group Treasury function initiatives and projects in the Region/Country.
4. Relationship with financial institutions
• Assists in the formulation of financial strategies, negotiates financial agreements with financial institutions, selects the appropriate financial counterparts and represents the Company in the financial community.
5. Financing, investment and liquidity
• Ensures the Region/Country has the required level of financial sources to support current and future business requirements.
• Structures and manages financing solutions using third-party financing institutions as well as developing new financing initiatives within the Country and/or at Region level.
• Defines strategy and guidelines for the investment of available cash, designs the bank accounts structure (including cash pools) to allow the highest and most effective cash concentration.
• Ensures optimal cash flow and commodity hedging.
6. Budget
• Prepares, implements and enforces the Region/Country Treasury Department budget.
• Manages the department within the assigned budget and resources.
7. Internal control/compliance
• Ensures that internal controls over financial reporting processes are designed and performed effectively and efficiently in the respective areas of responsibility.
8. Mergers and acquisitions
• Supports Merger Acquisition (MA) transactions in the respective area of responsibility within Treasury.
• Supports transaction execution and implementation.
9. People leadership and development
• Ensures (with HR Manager support) that the area of responsibility is organized, staffed, skilled and directed.
• Guides, motivates and develops direct/indirect subordinates within HR policies.
Requirements:
Ideally you will hold a Bachelors or Honors degree in Finance or accounting together with a CIMA Qualification complemented with a minimum of 5 years’ financial controlling experience in a corporate organization. Your treasury management experience, experience with consolidation and working with SAP and data processing coupled with your good Interpersonal skills, communication skills and being deadline driven will make you the ideal candidate.
Additional information:
If you require any further information please write to enquiry.recruitment@za.abb.com
Location: Modderfontein,Gauteng,South Africa
Contract type: Regular/Permanent
Business Unit: Corporate Function Treasury
Date posted: 2016-11-15
Job function: Finance
Publication ID: ZA59691468_E1
ABB ( www.abb.com ) is a leading global technology company in power and automation that enables utility, industry, and transport infrastructure customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in roughly 100 countries and employs about 135,000 people.