Head: Treasury

Job Purpose

• Lead Biovac's treasury function and support the CFO through disciplined cash and liquidity management, stewardship of the debt and funder portfolio, input into capital-structure decisions, management of banking and funder relationships, and management of foreign-exchange, interest-rate, counter party and liquidity risk.
• Own the day-to-day management of a multi-currency balance sheet in which the functional and reporting currency is the South African Rand, while debt, capital commitments, supplier payments and future revenue streams create material Euro and US Dollar exposures.
• Ensure that Biovac meets all obligations under loan, grant, security, intercreditor and other funding agreements, including conditions precedent, drawdowns, repayments, interest and fees, reserve-account requirements, covenants and lender reporting.
• Support the CFO with timely treasury analysis, scenario modelling, recommendations and reporting for Exco, the Board and relevant committees.
• Maintain a strong treasury control environment and ensure compliance with applicable exchange-control, companies, financial-intelligence, tax, accounting, pharmaceutical and organisational requirements.

• Bachelor's degree with Honours, or equivalent NQF 8 qualification, in Accounting, Finance, Financial Management, Economics or a related discipline.
• A recognised professional designation in good standing CA(SA), CIMA, CFA, CTP or an equivalent internationally recognised treasury or finance qualification is required.

• Master's degree, MBA or postgraduate qualification in Treasury, Finance, Corporate Finance or Risk Management.
• Recognition is given to Prior Learning and relevant practical experience, subject to the required professional designation.

• 10+ years' relevant experience in corporate treasury, finance or banking, including at least 5 years in a senior leadership role with direct people-management accountability.
• Demonstrated experience managing material multi-currency exposures, cross-border payments and hard-currency debt in an organisation with a different functional currency.
• Experience administering complex project-finance or corporate-finance facilities involving multiple lenders, currencies, security arrangements, covenants, reserve accounts and reporting obligations
• Proven experience in liquidity planning, cash-flow forecasting, debt-service modelling, interest-rate risk, foreign-exchange risk and hedge execution.
• Experience with authorised dealers, exchange-control approvals, guarantees, letters of credit and other trade-finance instruments.
• Ability to interpret and ope rationalise loan, grant, security, intercreditor and supplier agreements.
• Advanced financial modelling, Excel and data-analysis capability, with proficiency in SAP and treasury or banking platforms.

• Experience in a pharmaceutical, manufacturing or capital-intensive project environment.
• Experience with development-finance institutions, blended-finance structures, international lenders and associated environmental, social, reporting and disbursement conditions.
• Experience with SAP FI/CO, bank integration and treasury-management-system implementation or optimisation.
• Experience supporting external audits, funder audits and hedge-accounting documentation.

• Own and maintain an integrated rolling 12-month cash-flow forecast, supported by longer-term liquidity and debt-service forecasts aligned to the five-year facility build and operating plan.
• Forecast and report cash flows by source currency and in ZAR equivalent, distinguishing operational cash, project cash, grant cash, restricted cash and available…