Treasury Specialist

Job title: Treasury Specialist

Company: Thungela

Job description: Company Description

The purpose of the Treasury Specialist is to take responsibility for the treasury management in terms of the approved Treasury Policy of the Export Marketing function in the United Arab Emirates.

Finances are Vital, you’ll help us see where we are going.

Thungela Resources [Thungela means “to ignite” in isiZulu] is a leading South African thermal coal business, focused exclusively on thermal coal production. It is one of the largest pure-play producers and exporters of thermal coal in South Africa based on aggregate coal reserves and marketable coal production. Thungela focuses on exporting its thermal coal portfolio mainly to the Indian, Asian, Southeast Asian, Middle East and North African markets.

Job Description

As the Treasury specialist you will support the Financial Manager to execute all Treasury functions in line with the treasury policies for the applicable registered companies and special purpose vehicles (SPVs) in the United Arab Emirates.

More of your responsibilities will include:

• Ensure that the required approval is received from Group Treasury in advance of creating an exposure
• Manage foreign currency transactions including foreign currency payments in accordance with the exchange control guidance, Treasury Policy, and other applicable legislation for UAE
• Ensure accurate recording of all foreign currency exposures in alignment with Group Treasury Policy to realize benefits from netting and pricing.
• Preparing the cash forecasts ensuring alignment with the capital forecasts, discrepancies are identified and reported as well as providing commentaries
• Ensure payments are executed efficiently and timely with detailed documentation.
• File proof of payments (e.g., Debit advice, Swift confirmation) and provide suppliers with the necessary documentation after payments are processed.
• Establish and maintain Statement of Accounts (SOAs) as required to facilitate transparent financial communication with suppliers.
• Managing of funding requirements for the export marketing team and evaluate investment opportunities to optimize returns on surplus cash.
• Manage banking relationships with local financial institutions including banks, fund managers, guarantee providers, etc
• Perform procedures to ensure core accounting processes of Treasury etc. are compliant with other policies and guidelines set by the Group

Qualifications

• Bachelor’s degree in financial management or related disciplines (NQF level 7) or international equivalent
• Applicable certifications i.e.: CPA/CIMA etc

Experience

• Minimum 4 years’ experience in treasury management in the United Arab Emirates
• Previous experience in a similar role within a commodity trading company (advantageous)

Additional Information

• Emerging knowledge of various SAP products i.e., SAP S4 HANA, SAP IBP and SAP CTRM
• Knowledge of various SAP products i.e., SAP S4 HANA, SAP IBP and SAP CTRM.
• Proficient knowledge of safety, risk and stakeholder management

Proficient knowledge of relevant legislation applicable to Thungela Resources incl.:

• UAE Labour law
• UAE Federal Tax Law
• Applicable financial legislation in the UAE
• Sarbanes-Oxley Act

Who We Are

We’re a company that promotes an environment that inspires innovation and where people have a shared sense of purpose. Skills, experience, creativity, and agility underpin our ability to grow and thrive. This means building a diverse team of high-performing individuals who operate our sites safely, effectively and cost efficiently. Our people focus is centered on acquiring, developing, and retaining the talent we need to take our business forward, safely, and sustainably.

What We Offer

When you join Thungela, you can expect to enjoy a competitive salary and benefits package. But people want more out of their jobs than financial benefit alone. Being able to work with thought leaders, opportunities for development, strong values and a sound organisational culture all contribute significantly to a compelling employee value proposition.

Inclusion and Diversity

True diversity is about more than being an equal opportunities employer. It is about bringing out the best in people for the good of our business, its partners, and especially our employees. We’re committed to promoting an inclusive and diverse workplace where people are valued and respected for who they are and know exactly what value they bring to the table.

How to apply

To apply for this role, please complete our online application form. You will have the opportunity to upload your CV and other relevant documentation as part of this process.

Closing Date: 21/03/2024

Expected salary:

Location: Dubai

Job date: Sat, 16 Mar 2024 23:39:09 GMT

Apply for the job now!