Treasurer (Ref: TDBT)
Remuneration: R30 000

Position in the Financial sector in Observatory, Cape Town - Western Cape
Posted On Monday 13 May 2019
Job Description:

A leading African Payments Company requires a Treasurer to join their team.

Main job function

The main purpose of the role is to ensure all accounts are pre-funded in the most efficient manner to ensure the effective running of the operation and to ensure that there are sufficient balances available for 3rd party products. The Treasurer needs to ensure that payments are captured timeously and accurately on company-based systems. The Treasurer reports directly to the Group Treasury Manager. This individual is responsible for constantly monitoring the accounts and ensuring all accounts are sufficiently pre-funded. The individual is responsible for reconciling daily and monthly transactions with partners on company-based systems and fully investigating any queries that may arise. Internal Liaison takes place with the Accounts team. External liaison takes place with all external Pay-Out partners.


Grade 12 or equivalent (Essential)

Relevant tertiary qualification in Finance


2 years’ experience in a Treasury environment (Essential)

2 years’ experience in Remittance or similar industry (Essential)

2 years’ experience with Valtari Software (Desirable)

Knowledge of African and exotic currencies would be highly advantageous

Knowledge of money transfer procedures

Knowledge of treasury management

Knowledge of accounting principles

Knowledge of EFTs

Duties and responsibilities (includes but is not limited to):

To ensure all accounts are pre-funded in the most efficient way while balances the risks of over and under funding

Create calculations/projections for what money will be needed for each Pay-Out partner (forecasts of a daily, monthly, quarterly and yearly basis)

Accurately calculate and determine the amount needed to pre-fund each account 2 days in advance

Create the required EFTs for the Pretoria office to release

Preparation of foreign exchange payment instruction documentation to various banks Processing of foreign exchange payments on automated banking systems

Ensure funding spreadsheets is always updated

Liaise with the bank to track Swift confirmations

To update daily funding sheet and company systems for each Pay-Out partner account and to ensure all collections are accounted for

Track all collections for Pay-Out partners

Update wallets for each Pay-Out partner timeously

Liaise with the recons team to ensure all funding has been updated and captured

Ensure all foreign currency deals are updated and captured on the various company systems

To build and maintain working relationships with partners

Resolve queries effectively and timeously

To provide support to the treasury team

To manage own professional and self-development 

A Consultant will be in touch if you are shortlisted for the position.  Please consider

your application unsuccessful should you not have been contacted within 2 weeks.  We will keep your CV on our database and contact you should you match the criteria of any other vacancies.

Please contact Tamrin De Beer