- Free State
- Salary: Market Related
- Job Type: Permanent
- Sectors: Accounting Agriculture
- Reference: 107314
Vacancy Details
Employer: VKB Group
Introduction to the VKB Group
The VKB Group is an agricultural company, providing support to farmers and producing straight-from-the farm-foods for consumers. Apart from the various consumer brands, the VKB Group is also represented by its regional brands: VKB, GWK and NTK. Our roots are firmly planted in agriculture with farming at our core, continuously growing and evolving throughout the years.
Starting with providing everything needed on the farm to produce food, we now also operate in all areas of the food supply chain: processing, logistics, and national and global market channels.
This “house of brands” we’ve established with the support of our farmer shareholders is the foundation for building the agribusiness of the future.
Our purpose
Touch lives – for the better: We always aim to make a positive impact in people’s lives: our employees, producers, clients, communities and the larger industry. And, through collaboration with this group of people, we strive to make an even bigger and longer lasting impact in the lives of all South Africans.
Values
We live by five important values:
We are HUMBLE
We acknowledge that we are blessed
We are HUNGRY
We do not settle for mediocre
We are BOLD
We do what is right, even if it scares us
We are SMART
We consider our words and actions
We are TEAM PLAYERS
No-one can do this alone
Our legacy
For the Love of the Land: We do it all for our legacy and the love of nature, people, country, sustainability and progress.
Job Description
- Responsible for treasury front office management for the VKB Group.
- Managing the relationship with the banks with focus on funding.
- Oversee treasury related trading activities.
Education
- CA(SA)
- Completed Post Graduate qualification will be an added benefit.
- 10-15 Years experience in Finance with 3 Years experience in Treasury Management.
- Knowledge of banking regulation in South Africa.
- Strong experience in management of banking relationships and commercial contract negotiations.
- Strong knowledge of funding facilities and funding best practices.
- Knowledge of different funding products available for corporate funding
- Knowledge of Loan Market Association (LMA) standards
- Knowledge of and experience in loan management
- Experience in engagement with executive management and Board
- Knowledge of finance and accounting principles including IFRS.
- Experience in ERP system environment.
- Proficient with MS Office Suite including strong Excel and PowerPoint skills.
- Excellent interpersonal and communication skills (written and verbal).
- Strong relationship building skills and networking with different stakeholders.
- Mindset of continuous improvement and digital transformation.
- Strong focus on teamwork and people development.
- Adaptability to different stakeholders, environments and business requirements.
- Strong analytical skills and high attention to detail.
- Strong leadership skills and the ability to collaborate.
- Detail, deadline and goal oriented.
- Structural planning skills and conceptual thinking.
- Good resilience and stress management.
Duties and Responsibilities
- Overall responsibility for treasury front office (i.e. funding and treasury dealing) management for the VKB Group.
- Continuously analyse funding products and opportunities available in the market and propose funding strategy to Executive management
- Establish and maintain a VKB group funding plan, i.e. analyse uses and sources of cash and liquidity over the short, medium and long-term ensuring sufficient funds are available to meet ongoing operational and capital investment requirements.
- Manage the Request for Proposal process (where applicable) for new funding
- Manage the syndication process in instances where syndicated loans are negotiated and entered into.
- Manage the process and documentation for debt capital market issuances
- Negotiate the best possible funding related commercial terms for the VKB group with financial institutions.
- Review all funding agreements (arrangements) for terms which are complete, accurate and valid.
- Co-legal review of all funding agreements (arrangements) in collaboration with Group Legal
- Facilitate the approval and signing process of funding related documentation in accordance with the VKB Group delegation of authority
- Follow funding transactions through to financial close, including scheduling of utilisation requests and monitoring the flow of funds
- Maintain a loan register and manage all funding agreements which have been concluded
- Prepare the Group's monthly debt report.
- Continuously monitor and manage the cost of funding for the VKB group, including regular funding cost benchmarks.
- Manage the process of security (collateral) being provided to financial institutions for funding purposes.
- Collaborate with Group Finance regarding any possible impact of funding agreements on the Group’s financial and tax positions
- Manage and oversee treasury related trading activities
- Manage all local and global banking relationships.
- Identify opportunities and implement treasury front office related business process improvements.
- Responsible for development of digitalisation for the treasury front office.
- Develop and support treasury front office policies, procedures and controls.
- Develop and enforce strong internal controls and ensure compliance to regulations, Internal Control Reference Framework (ICRF) and other compliance requirements relating to the treasury front office environment.
- Regular feedback to Executive Head: Treasury, Group Financial Director and Group Managing Director.
- Prepare relevant submissions to VKB Exco and Board
- Work with internal and external auditors.
Other Information
- The company can expire jobs at any time at their own discretion.
- VKB Group and/or its subsidiary companies will use any personal data collected through the job opportunities section of this website for recruitment purposes only and, should your application be successful, for purposes connected with your employment.
- VKB Group is an equal opportunity employer. VKB Group’s approved Employment Equity Plan and Targets will be considered as part of the recruitment process aligned to VKB Group’s Employment Equity & Transformation Strategy. VKB Group actively supports the recruitment of People with Disabilities
- Things to take note of when applying through our Career Portal.
- Use Google Chrome when accessing the portal
- Clear copy of your CV in either PDF or Word
- The CV should not have handwriting on the document
- NB! Only Submit your CV on the Upload CV section of the application form and not a PDF that includes other documents such as ID, Driver’s License and other documents. The application form will make provision for the candidate to upload supporting documents.
- When uploading profile picture, make sure the minimum size uploaded is 300 x 300px
1 person has applied for this job. 115 people have viewed this job.
About VKB Group
VKB is a South African agricultural enterprise with the unique vision to focus on alliances with industry related stakeholders. These alliances have developed into the dynamic utilisation of a wide range of agricultural value chain solutions.
Producers in the area in which we conduct business, own and control the VKB Group. Our strategy therefore remains focused on keeping the company as an authentic agricultural producer business, which could also add value for a broader base of general consumers.
The VKB Group continues to capitalize on its rich heritage of almost 100 years by applying the sound cooperative principles of the past. These principles ensure that any association with the Group remains a valuable experience, not only for its shareholders, but also for its suppliers, employees and customers.
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