Job Description

Truworths Careers – Finance Manager: Banking and Treasury

Finance Manager: Banking and Treasury – Truworths Careers

Job Description

Truworths is seeking a highly organised and detail-oriented Finance Manager to lead our Banking and Treasury function. The successful candidate will oversee local and foreign banking operations, manage banking systems, ensure timely month-end processes, and maintain strong relationships with external service providers, including banks. This role also involves managing and developing the banking team while ensuring compliance with policies and procedures.

Key Responsibilities

Banking & Treasury Management

• Ensure reconciliation of all company bank and GL accounts, resolving and reporting discrepancies promptly.
• Implement and monitor policies and procedures for banking operations, ensuring adherence by the team.
• Recommend enhancements to banking and treasury policies where applicable.
• Incorporate new business developments (new stores, bank accounts, acquisitions, tender types) into daily processes.
• Liaise with IT Finance to ensure system effectiveness, prioritising and escalating issues as needed.
• Maintain relationships with local and foreign banks, ensuring queries are resolved within agreed timelines.
• Ensure achievement of all Banking and Treasury KPIs.

Cash Flow & Funding

• Prepare accurate daily cash flow forecasts and manage investment, disinvestment, and funding obligations.
• Ensure all banking agreements are current and approved by management.
• Manage monthly funding requirements, ensuring repayments, charges, and covenant obligations are executed accurately.
• Prepare and submit banking covenant calculations and required funding documentation.

Audit, Compliance & Reporting

• Liaise with internal and external auditors as required.
• Ensure completion and submission of all legislative and regulatory documentation within deadlines.
• Assist with secretarial duties for Investment Committee meetings.

Team Management & Administration

• Lead, mentor, and support the banking team, including succession planning and stand-in coverage.
• Oversee head office petty cash function, ensuring policy compliance and operational efficiency.
• Ensure timely and accurate completion of cash flow forecasts and month-end processes.

Qualifications & Experience

• B.Comm or equivalent.
• Experience in banking and treasury management.
• Finance retail environment experience advantageous.
• Strong understanding of bank reconciliations, foreign currency translation and conversion, bank card queries, and discrepancy resolution.
• Management and supervisory experience within a team environment.
• Advanced computer skills, including Microsoft Office (Outlook, Excel, Word), Oracle Financials, Business Online, and appropriate bank reconciliation systems.

Competencies & Attributes

Technical Competencies

• Expertise in reconciliation of bank accounts across multiple organisations.
• Ability to liaise confidently with superiors, clients, and banking institutions.
• Strong organisational skills to manage month-end processes and deadlines.
• Ability to handle and resolve queries accurately and efficiently.
• Strong team player with the ability to prioritise work under pressure.

Behavioural Attributes

• Self-starter, self-motivated, and independent.
• Calm, organised, and effective communicator.
• Team-oriented with strong attention to detail.
• High energy, positive attitude, and ability to multi-task effectively.
• Ability to thrive in a fast-paced, high-pressure environment.

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