Head of Treasury and Corporate Finance

Head of Treasury and Corporate Finance

Company: ENGIE AMEA

Department: Finance

Location: Bryanston, Johannesburg, South Africa

Job Summary:

We are seeking a dynamic and results-driven Head of Treasury and Corporate Finance to lead and optimize our treasury operations, manage liquidity, and ensure effective financial risk management. Acting as a strategic partner to the CFO, this role will play a pivotal part in driving operational excellence, identifying financial risks, ensuring effective cash management, and enhancing the efficiency and scalability of treasury functions. The ideal candidate will have broad expertise across treasury management, financial risk assessment, project finance structures and local banking requirements, ensuring that the finance organization operates at peak performance and meets ENGIE’s policies.

Key Responsibilities:

1. Create and Structure the department

• Hire, lead and coach team members.
• Design and review local policies and procedures, following the Group’s guidelines.

2. Cash management and liquidity planning:

• Responsible for the liquidity of the South African portfolio via the management of external financing facilities, cash pooling and intercompany funding arrangements from shareholders.
• Develop and implement cash management strategies to optimize cash flow and working capital.
• Supervise and prepare short-term cash flow analysis reports (monthly and weekly), accounts receivable analysis, and treasury position.
• Assist in the development, maintenance and application of dividend policy of the South African SPVs.
• Procure and negotiate credit lines to support the liquidity of the portfolio, if applicable.

3. Financial Risk Management:

• Identify, assess, and manage financial risks, including interest rate, foreign exchange, and credit risks.
• Develop and implement risk mitigation strategies and action plans.
• Analyse and seek optimizations in exchange rates, plan and execute derivatives, monitor Mark-to-Market, prepare the required memorandums for auditors.
• Prepare and monitor annual risk mandates.

4. Treasury Operations:

• Oversee daily treasury operations, including cash positioning, forecasting, and reporting.
• Manage banking relationships and negotiate terms and conditions to optimize banking services.
• Negotiate and manage guarantees (surety bonds, letters of credit, PCGs) granted and received by the portfolio.
• Manage the portfolio’s bank accounts and handle bank reconciliation.

5. Investment Management:

• Develop and implement investment strategies to optimize returns on surplus cash.
• Monitor and report on investment performance and compliance with investment policies.

6. Compliance and Reporting:

• Ensure compliance with internal policies and external regulatory requirements.
• Prepare and present treasury reports to senior management and stakeholders.
• Supervise and control compliance with obligations to banks, including monitoring obligations to do, not do, and default events established in financing contracts.
• Supervise the completion of all debt covenant compliance in accordance with finance documents.

Key Accountabilities:

• Drive best-in-class treasury process management, ensuring that all workflows are efficient, well-documented, and compliant with relevant regulations.
• Establish and maintain an internal control environment that minimizes risk and ensures financial integrity.

Perimeter of accountability

• ENGIE activities in South Africa, including centralized and decentralized entities.

Internal and external interfaces

• Direct reporting to CFO SOUTH AFRICA
• Corporate functional lines and other finance functions, including AIFA and DCFTA
• Management of existing entities in South Africa
• Corporate Finance team in AMEA and France.
• Local and international banks.

Your Profile and Skills:

• Education: Master’s degree in finance, business, engineering, or a related field.
• Experience: 10-12+ years of experience in treasury operations, financial risk management, project financing, relationship with local banking community, ideally in a large or international organization.
• Regulatory Knowledge: In-depth knowledge of financial regulations, including SARB approval, and compliance requirements.
• Leadership & Collaboration: Proven leadership experience with the ability to manage cross-functional teams and implement change across various levels of the organization.
• Risk Management: Solid understanding of risk management principles and internal control frameworks, with experience in ensuring compliance with industry standards.
• Analytical & Strategic Thinking: Ability to think critically and strategically, with excellent problem-solving and decision-making skills.
• Communication Skills: Strong interpersonal skills with the ability to effectively communicate complex ideas to both technical and non-technical stakeholders.
• Adaptability: Comfortable leading in a fast-paced, dynamic environment and able to adapt to changing business needs.
• Systems and Tools: familiarity with ERP systems (SAP is a plus) and proficiency in data analysis tools.