Manager Transactional Cash Management

Role purpose

• Transactional Cash Management;
• Manage payments and encashment within the Purchase to Pay and Order to Cash process;
• Execute payment files, direct debit files and manual payments;
• Manage and resolve discrepancies;
• Build, maintain and operate payment / collection systems
• Manage payment authorization
• Execute payment within acceptable timeframe to ensure “Paid on time” KPI is adhere to;
• Reconcile automatic bank statements to the highest degree;
• Follow up on aged items on bank and E-money reconciliation. Keep reconciling items on reconciliation to a minimum.
• Design posting rules for the Payment System into the General Ledger;
• Prepare the 90 day forward cash forecast (incorporating weekly trading information);
• Support the CFO & Head of FP&A to deliver cash targets
• Execution of all standard controls for Transactional Cash Management and retention of audit evidence of the completed controls
• Liaise with the Group reporting team on Cash management

TECHNICAL /FUNCTIONAL SKILLS

Accounting & compliance

• To ensure that the Accounting and Information provided for decision making is accurate, timely and relevant.
• To ensure Financial statements are compliant with IFRS and other reporting requirements.
• Ensure that all Vodacom and Vodafone compliance requirements are met: SOX, Internal Audit, External Audit.
• Manage relationships between Fin Ops and auditors

Intra-company Management:

• To ensure that the intercompany process is streamlined to allow accurate accounting and effective balancing of transactions
• Compliance with the billing, settlement -and reconciliation terms of the Group Intercompany Policies
• Manage relationships between TCM and all other internal stakeholders involved in the intercompany process

GL Processing:

• To ensure that the activities required in terms of month-end closure are effectively planned, responsibilities allocated, communicated to stakeholders and monitored by the TCM team to ensure overall reporting deadlines are achieved
• Management of all activities related to Vodacash ensuring transactions are processed timeously into the General Ledger

Accounts Reconciliation

• To ensure that all accounts reconciliations are performed in the Cadency tool for the Vodacash and Vodacom entity following Vodacom and Vodafone compliance requirements on the Accounts reconciliations.

MANAGERIAL /LEADERSHIP SKILLS

• Working closely with our Business partners to enable a transition to the new EVO TCM process. Moving through the phases of: Stabilisation, effectiveness and efficiency. Deliver world class.
• Actively participate in critical meeting within Finops division and ensure involvement in driving key successful factor to meet stretch deadline for reporting
• Support the team in resolving complex operational control issues
• Ensure that there are no blockages to the provision of the future capability requirements
• Ensure completion of all reconciliations on time and within Cadency tool

Develop a superior quality team:

• Ensure that he recruit, develop and retain the right people for Transactional cash management
• Provide business vision, clear definition of roles, responsibilities, and individual goals and performance objectives;
• Set and measure KPIs for the team
• Motivate, and provide ongoing technical/management training and career counselling to retain the necessary professional staff required to support the TCM environment. Also establish succession plans for team
• Provide regular, constructive feedback to maximize positive impact of individual team member’s talent
• Promote a ‘passion for accuracy’ and ‘continuous improvement’ mentality

The way we work :
• You are open-minded, passionate and the way you work energizes others. You are committed to the timely delivery of a job well done. You behave with integrity and transparency.

QUALIFICATION AND EXPERIENCE

• University degree in finance, economics and/or business administration.
• Preferably Master’s Degree or MBA
• Fluency in English and French Language.

MINIMUM EXPERIENCE & ESSENTIAL KNOWLEDGE

• Accountancy qualified
• 5 + years’ experience in transactional operational environment
• 5 years’ leadership experience – essential
• End-to-end knowledge of TCM activities
• SOX, IFRS and local GAAP knowledge
• Ability to communicate at all levels
• ERP operational knowledge
• Good understanding of HFM functionalities