Closing Date 2020/03/20
Reference Number LAN200109-3
Job Title General Manager: Treasury
Division Finance and Treasury and IT
Unit Treasury
Job Type Classification Permanent
Location - Country South Africa
Location - Province Gauteng
Location - Town / City Centurion
JOB ADVERT SUMMARY
The Land and Agricultural Development Bank of South Africa (Land Bank) is South Africa’s only specialist agricultural bank established in 1912, the bank’s sole objective is to serve South African commercial and emerging farmers and bring specially designed financial services within their reach. These services enable farmers to finance land, equipment, improve assets and obtain production credit. The Land Bank provides financial services that have moved with the times and continues to provide services to agri-business and constantly reviews its offerings to ensure that they match the needs of an industry. As change has swept across the sector in South Africa the socio-economic makeup of agriculture has altered, bringing new entrants from historically disadvantaged backgrounds on to the land, these new farmers, facing the challenges of establishing sustainable agri-businesses across the agricultural value chain, Land Bank has been a commercial lifeline offering appropriately designed financial products that facilitate personal and commercial viability in a sector that is vital to the sustainability of South Africa and its people.
MAIN PURPOSE OF THE JOB
To provide strategic direction to the Treasury department and manage Land Bank treasury activities to ensure appropriate funding and liquidity levels as well as sound financial management.
Key Performance Areas
Design and Implement the Treasury Strategy as Aligned to the Corporate Plan
1. Contribute funding advice to Company strategy to guide decisions with regards to strategic initiatives and potential funding
2. Analyse the company strategy and roadmap to determine the future trends, strategic direction and legal implications to determine the funding strategy and borrowing plan for the year.
3. Interpret the company strategy and roadmap and relate to the divisional roadmap to determine the direction of the specific area
Develops Policies, Processes and Limits for Treasury function
1. Creates the criteria for treasury approaches and develops, implements and enforces appropriate policies
2. Analyses the strategy and plan and creates the policies and approaches to support the plan through detailed sub-policies and processes:
1) Counter party limits
2) Settlement limits
3) Product concentration limits
Manages the Land Bank’s Capital Funding and Liquidity
1. Establish the funding requirements of the Land Bank
2. Liaise with investors, shareholders and banks to ensure the Land Bank has sufficient funding at all times
3. Manages sound cash flow provision of the bank
4. Monitor cash levels, draw down levels and funding roll-overs to maintain appropriate levels of cash and liquidity aligned to the funding and liquidity target ratios
5. Manages the Cost of funding and advise on adjustments and amendments to proactively deal with market changes
6. Ensure sufficient sources of Capital are available to exceed the target Capital Adequacy Ratios.
Optimise Investment Returns on Surplus Cash
1. Identify investment grade counterparties and set investment limits
2. Instruct cash office and front office liquidity to invest the surplus cash relative to approved limits
3. Oversight and monitoring of adherence to investment counterparties and limits
4. Manages surplus cash investments to optimise investment returns
Minimise Treasury Risks
1. Analyse, assess, monitor and evaluate all Treasury risks and create a detailed risk management framework
2. Enforces risk management framework, monitors adherence and reports on exceptions or breaches Report to the Liquidity Committee and Asset liability committee on Treasury risk related matter
3. Identify possible treasury risks during execution of outputs, as a result of research conducted or as indicated by Internal Audit as a result of auditing
4. Conduct investigations to determine:
1) The nature of the risk
2) The extent of the risk
Manage Stakeholders Relationships
1. Liaise with external and internal stakeholders
2. Represent the Land Bank at forums
3. Represent Land Bank at National Treasury, Legal and Regulatory institutions
4. Manages relationship with ratings agencies in relation to funding and liquidity matters to maintain investment grade rating
5. Investment relationships:
1) Conducts semi-annual investment roadshows to solidify investor relationships
2) Ad hoc investment engagements and discussions regarding potential product development
3) Respond to credit related queries
Departmental and People Management Performance Management
1. Analyse the business plan to determine the applicable deliverables and targets
2. Compile the Performance Management documentation in collaboration with the staff member in terms of:
1) Job Profile requirements
2) Key Performance Areas
3) Personal Development Plan
4) Conduct performance planning session and Track and monitor performance in accordance with performance contracts
5) Conduct performance reviews in accordance with policies and procedures and take corrective actions where necessary
6) Provide coaching and feedback to employees on how to improve and sustain their performance
7) Lead the department by managing appointments, promotions, and industrial relations issues conjunction with the Human Resources Support Service Unit
8) Conduct disciplinary actions as per Land Bank’s policy and procedure where necessary
Capacity Planning
1. Determine the human resource requirements, in accordance with the expected deliverables and current capacity
2. Secure the human capital requirements to ensure that deliverables will be met in accordance with the expected targets
3. Set and achieve employment equity targets.
4. Minimise staff turnover Financial Management
5. Develop and manage budget
6. Manage expenditure and ensure no fruitless expenditure
7. Adhere to financial guidelines and thus ensure proper control over expenditure
8. Pursue divisional targets and manage the financial health and stability of division
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