Cape Town City Centre: Finance Manager: Banking and Treasury

About the Role

Our client, a leading South African fashion retailer, is seeking an experienced Finance Manager: Banking and Treasury to join their team in Cape Town City Centre. The successful candidate will be responsible for managing multiple deadlines, demonstrating strong problem-solving and prioritisation skills, and communicating effectively with internal teams and external stakeholders.

Key Responsibilities

• Reporting to the Finance Manager, 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 escalate appropriately
• Routinely liaise with local and foreign banks regarding banking & treasury matters
• Ensure all queries are resolved within the permitted timeframes
• 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
• 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

Requirements

BCom or equivalent

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

Qualifications

Formal education/certifications (Bachelor’s, LLB, Matric, etc.) not mentioned in the original job description.

Salary & Benefits

Not mentioned in the original job description.