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  • Head of Treasury and Corporate Finance - Sandton - ENGIE Group

    ENGIE Group
    ENGIE Group Sandton

    4 days ago

    Default job background
    Upper Management / Consulting
    Description

    Job Summary:

    We are seeking a dynamic and results-driven Head of Treasury and Corporate Finance to lead and optimize our treasury operations, manage liquidity, and ensure effective financial risk management.

    Key Responsibilities:

    • Create and Structure the department
    • Hire, lead and coach team members.
    • Design and review local policies and procedures, following the Group's guidelines.
    • Cash management and liquidity planning:
    • Responsible for the liquidity of the South African portfolio via the management of external financing facilities, cash pooling and intercompany funding arrangements from shareholders.
    • Develop and implement cash management strategies to optimize cash flow and working capital.
    • Supervise and prepare short-term cash flow analysis reports (monthly and weekly), accounts receivable analysis, and treasury position.
    • Assist in the development, maintenance and application of dividend policy of the South African SPVs.
    • Procure and negotiate credit lines to support the liquidity of the portfolio, if applicable.
    • Financial Risk Management:
    • Identify, assess, and manage financial risks, including interest rate, foreign exchange, and credit risks.
    • Develop and implement risk mitigation strategies and action plans.
    • Analyse and seek optimizations in exchange rates, plan and execute derivatives, monitor Mark-to-Market, prepare the required memorandums for auditors.
    • Prepare and monitor annual risk mandates.
    • Treasury Operations:
    • Oversee daily treasury operations, including cash positioning, forecasting, and reporting.
    • Manage banking relationships and negotiate terms and conditions to optimize banking services.
    • Negotiate and manage guarantees (surety bonds, letters of credit, PCGs) granted and received by the portfolio.
    • Manage the portfolio's bank accounts and handle bank reconciliation.
    • Investment Management:
    • Develop and implement investment strategies to optimize returns on surplus cash.
    • Monitor and report on investment performance and compliance with investment policies.
    • Compliance and Reporting:
    • Ensure compliance with internal policies and external regulatory requirements.
    • Prepare and present treasury reports to senior management and stakeholders.
    • Supervise and control compliance with obligations to banks, including monitoring obligations to do, not do, and default events established in financing contracts.
    • Supervise the completion of all debt covenant compliance in accordance with finance documents.

    Key Accountabilities:

    • Drive best-in-class treasury process management, ensuring that all workflows are efficient, well-documented, and compliant with relevant regulations.
    • Establish and maintain an internal control environment that minimizes risk and ensures financial integrity.

    Perimeter of accountability

    • ENGIE activities in South Africa, including centralized and decentralized entities.

    Internal and external interfaces

    • Direct reporting to CFO SOUTH AFRICA
    • Corporate functional lines and other finance functions, including AIFA and DCFTA
    • Management of existing entities in South Africa
    • Corporate Finance team in AMEA and France.
    • Local and international banks.

    Your Profile and Skills:

    • Education: Master's degree in finance, business, engineering, or a related field.
    • Experience: 10-12+ years of experience in treasury operations, financial risk management, project financing, relationship with local banking community, ideally in a large or international organization.
    • Regulatory Knowledge: In-depth knowledge of financial regulations, including SARB approval, and compliance requirements.
    • Leadership & Collaboration: Proven leadership experience with the ability to manage cross-functional teams and implement change across various levels of the organization.
    • Risk Management: Solid understanding of risk management principles and internal control frameworks, with experience in ensuring compliance with industry standards.
    • Analytical & Strategic Thinking: Ability to think critically and strategically, with excellent problem-solving and decision-making skills.
    • Communication Skills: Strong interpersonal skills with the ability to effectively communicate complex ideas to both technical and non-technical stakeholders.
    • Adaptability: Comfortable leading in a fast-paced, dynamic environment and able to adapt to changing business needs.
    • Systems and Tools: familiarity with ERP systems (SAP is a plus) and proficiency in data analysis tools.

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