Head of TreasuryRole PurposeThe Head of Treasury will lead the Groups treasury strategy and operations for the beverages business,ensuring optimal liquidity, funding, risk management, working capital efficiency, and multi-bank relationshipmanagement. The role is responsible for cash flow management, forex hedging, fundraising, AccountsReceivable / overdue management, and assetliability alignment to support sustainable business growth andcapital planning. Key ResponsibilitiesBanking Relationship Managementï‚· Build and sustain multiple banking relationships across South Africa and other operating regions.ï‚· Manage bank negotiations, facility renewals, pricing, margins, and service level agreements.ï‚· Ensure diversification of banking partners to reduce concentration risk.ï‚· Conduct periodic bank performance reviews and benchmarking. Fundraising Through Banksï‚· Lead fundraising activities including working capital lines, term loans, revolving credit facilities, capexloans, and structured financing instruments.ï‚· Develop funding strategies aligned to business expansion, capex plans, and corporate structure.ï‚· Evaluate financing options to achieve optimal cost of capital and balanced funding mix.ï‚· Oversee financial covenant compliance, headroom monitoring, and reporting. Day-to-Day Cash Flow Managementï‚· Own the daily cash flow management process, ensuring liquidity availability across all legal entities.ï‚· Monitor cash positions on a daily basis, manage pooling/sweeping structures, and ensure smooth dailyoperations.ï‚· Oversee 13-week rolling cash flow forecasts, proactively highlighting risks and mitigation actions.ï‚· Implement strong controls over payments, bank reconciliations, and cash governance. Forex Hedgingï‚· Manage the companys foreign exchange exposure, including import payables, export receivables,intercompany flows, and capex commitments.ï‚· Execute hedging strategies (forwards, swaps, options) aligned to risk appetite and treasury policy.ï‚· Work closely with Procurement and Commercial teams to forecast foreign currency requirements.ï‚· Ensure robust IFRS 9 hedge accounting documentation, effectiveness testing, and compliance.Working Capital Follow-Ups: Accounts Receivable & Vendor Paymentsï‚· Partner with the Accounts Receivable team to monitor overdue customer balances and ensure timelycollections.ï‚· Drive a culture of cash discipline across commercial teams and route-to-market structures.ï‚· Ensure timely payments to suppliers and service providers, balancing business continuity and cashoptimization.ï‚· Liaise with the Procurement and Operations teams to improve DPO and negotiate optimal paymentterms. AssetLiability Management (ALM)ï‚· Ensure proper matching of funding tenures:o Short-term facilities for working capitalo Long-term facilities for capex and long-term investmentsï‚· Monitor interest rate risk, refinancing risk, and liquidity headroom.ï‚· Recommend ideal capital structure based on business cycles, risk profile, and investment strategy.ï‚· Oversee long-term debt planning, repayments, and refinancing execution. Additional Responsibilitiesï‚· Oversee treasury controls, governance, and compliance with SARB exchange control regulations.ï‚· Manage counterparty risk, bank limits, and treasury-related policies.ï‚· Ensure appropriate risk management frameworks, including fraud prevention and payment security.ï‚· Lead treasury technology initiatives including TMS, bank integration, and automation of treasuryprocesses.ï‚· Provide treasury insights to the CFO and EXCO to support strategic and operational decision-making. Required Qualificationsï‚· Chartered Accountant (CA(SA)) Mandatoryï‚· Postgraduate certifications in Treasury, Risk, or Corporate Finance advantageous. Required Work Experienceï‚· 15+ years of progressive Treasury experience in Beverages and/or FMCG companies.ï‚· Proven expertise in liquid funds management, forex hedging, cash forecasting, and bank financing.ï‚· Demonstrated success in managing multiple bank relationships and negotiating banking facilities.ï‚· Experience across South African and African markets is an advantage. Key Competenciesï‚· Strong analytical and financial modelling capabilitiesï‚· Excellent stakeholder and bank negotiation skillsï‚· High governance, ethics, and control orientationï‚· Proactive problem-solving with a commercial mindsetï‚· Ability to operate under pressure and manage tight liquidity situationsï‚· Leadership experience in managing Treasury teams KPIs for Successï‚· Liquidity availability and forecast accuracyï‚· Cost of funds and optimal facility utilizationï‚· FX hedging effectiveness and reduced exposure volatilityï‚· Working capital improvement (DSO, DPO, CCC)ï‚· Timeliness of customer collections and supplier paymentsï‚· Strong audit and compliance outcomes