Assistant Director: Cash Management
National Treasury
10
days left
Closes 25 May
Reference number
You'll need this reference number on your Z83 form.
Requirements
A Grade 12 is required coupled with a minimum National Diploma (equivalent to NQF level 6) in Accounting, Economics or Finance. A Bachelor’s Degree (equivalent to NQF 7) in any of the above disciplines is added advantage. A minimum 3 years’ experience obtained in Finance environment. Knowledge and experience in cash management.
Duties
Cash flow forecasting: Forecast cash flows over the short, medium, and long term on a monthly and daily basis. Ongoing review of cash flow statements in line with reporting standards. Manage bridging finance facilities to cover short- term liquidity shortfalls. Perform “Inday” cash flow forecasts for the government’s net cash requirements. Prepare procedure manuals for 61 undocumented processes and attend to audit requests. Update and monitor actual cash flow against reported projected cash flow – variance analysis and follow up with relevant parties. Maintain schedules of non-tax revenue receipts, analyse and recommend forecasting improvements. Convene and maintain records of meetings with (the South African Revenue Service (SARS) on forecasting of tax revenue. Maintain close contact with departments to improve cash flow forecasts. Manage Exchequer investments: Maintain signing arrangements and FICA documents for investment accounts. Maintain daily investment limits in the Tax and Loan accounts utilising the prescribed credit risk ratios/limits and assessing the reasonableness of interest earned in the exchequer accounts. Maintain cash book for investment accounts and develop procedure manuals for undocumented processes. Provide inputs and attend to audit queries. Record and reconcile interest earnings on all Exchequer investment accounts; Tax and Loan accounts, investments in the Corporation for Public Deposits (CPD) accounts, and foreign currency deposits. Engage stakeholders and participate in projects for the automation of manual processes (Exchequer Accounts) and provide inputs to entities and departments on application process of opening a bank account. Optimise the use of broader public sector cash: Maintain cash books and reporting statements of Corporation for Public Deposits (CPD) accounts. Monitor daily CPD balances and reconcile with SARB. Arrange meetings with the South African Reserve Bank (SARB) to agree on the optimal borrowing/ investments of CPD cash. Engage with provinces and other CPD depositors regarding cash flows on their accounts. Maintain forecasting of balances in CPD to ensure that money in CPD is sufficiently utilised. Assist with CPD projects. Execute daily bank account transactions: Perform “Inday” cash transfer transactions between the Exchequer and the Tax and Loan accounts. Perform transactions between the government’s cash management accounts at SARB. Account for all bank account transactions, including fund requisitions, transfer/ payment advice, and reconciliations. Maintain business continuity processes to ensure that banking transactions are conducted. Perform weekly, monthly, and yearly reconciliation of all figures and submit to stakeholders. Attend cash management activities that might require attention from time to time.
Enquiries
enquiries only (No applications): Recruitment.Enquries@treasury.gov.za 62
10
days left
Closes 25 May
Reference number
You'll need this reference number on your Z83 form.