Treasury Lead

Finance Department

Reports to: General Manager – Finance

About the role

An international commodity trading business is seeking a Treasury Lead to manage day-to-day treasury operations and support trading activities through effective cash management, funding oversight, FX execution, and strong banking controls.

This is a junior to mid-level management role combining hands-on execution with oversight of treasury processes, liquidity management, and compliance in a fast-paced, multi-currency trading environment. The role works closely with Global Treasury, Finance, Trading, and Banking partners.

Key responsibilities

• Manage daily cash positioning across multiple entities, banks, and currencies.
• Consolidate daily cash and short-term debt balances and provide visibility by bank, currency, and legal entity.
• Prepare and maintain short- and medium-term cash flow forecasts.
• Identify surplus cash, overdraft positions, and liquidity gaps.
• Execute cash movements to optimise group liquidity and minimise borrowing costs.
• Maintain appropriate liquidity buffers and apply interest-rate considerations to cash usage decisions.

• Oversee timely execution of payments and settlements in line with treasury policies.
• Manage online banking portal access and user controls.
• Maintain strong reconciliation processes and audit trails across all treasury activities.
• Monitor banking services and costs, managing day-to-day bank relationships.
• Stay current on payment fraud risks and mitigation practices.

• Manage internal and external funding facilities, including availability and utilisation.
• Decide on drawdowns, repayments, and refinancing activities.
• Monitor compliance with facility terms, covenants, and limits.
• Record interest costs accurately in the general ledger.

• Identify, monitor, and manage FX exposures arising from operations, funding, and intercompany activity.
• Execute FX hedging, rollovers, and settlements in line with exposure profiles and liquidity forecasts.
• Reconcile FX trades and settlements between treasury systems, trading systems, and bank confirmations.
• Ensure FX settlements align with confirmed same-day cash flows and cut-off times.

• Support treasury reporting and compliance requirements locally and within the wider group.
• Maintain accurate databases of bank accounts, mandates, and supporting documentation.
• Manage KYC processes and related requests from financial institutions.
• Liaise with banks’ exchange control teams and ensure compliance with South African exchange control regulations.
• Coordinate submission of documentation for exchange control approvals and monitor settlement timelines.

• Lead and develop junior treasury staff, promoting strong controls and policy adherence.
• Act as an escalation point for operational or technical treasury issues.
• Support process improvements and automation initiatives within treasury.
• Work closely with Global Treasury, Finance, Trading, and external stakeholders.

• Bachelor’s degree in Accounting.
• Minimum 5 years’ experience in a treasury role.
• Strong understanding of FX risk, FEC hedging, and settlement processes.
• Solid knowledge of bank facilities, covenants, and funding structures.
• Experience with South African exchange control and regulatory requirements.
• Strong accounting knowledge, with an understanding of treasury impacts on the income statement and balance sheet.
• Advanced Excel skills and strong numerical and analytical capability.
• Proficient in Microsoft Office 365, Teams, and SharePoint.
• Self-starter with strong problem-solving ability and a mindset for process improvement and automation.
• Clear communication skills and confident escalation when required.
• High standards of integrity, professionalism, and ethical conduct.

• Exposure to Power BI or treasury process automation.
• Experience in a multi-currency, multi-entity commodity trading environment.

Culture and values

The organisation values respect, accountability, passion, collaboration, excellence, agility, and integrity. You’ll be part of a team that values ownership, transparency, continuous improvement, and professional development.