Managing Executive: Treasury and Funding

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Role Purpose/Business Unit:

Strategic and operationally strong leadership in managing Funding, Asset and Liability Management in a Group role, supporting 8 markets. The incumbent is the custodian of capital allocation, efficiency of the use of capital and policy owner for Treasury. This will be critical support to the Group CFO in the roles of shaping the capital strategy and building financial resilience for the group, including all markets.

Your responsibilities will include:

Cash and liquidity management

• Review budgeted cash flow forecasts and monitor on-going liquidity requirements across all operating companies (HFM reporting system). • Invest centralised cash pool daily / overnight in money market, in line with group treasury policy. • Evaluate unproductive cash in all operations and develop strategies for effective utilisations.

Capital market-funding requirements

• Investigate techniques (available options) and potential sources of funding to finance business plans (own banks, other banks or funding sources). • Negotiate finance structures, terms and conditions. • Liaise and deal with credit rating agencies and assist with due diligence or other review interventions where required. • Carry out potential investor road show presentations (insurance companies, etc.) • Develop overall funding strategy, identifying all available sources of funding and appropriateness for various investment types. • Expand funding sources, i.e. VF Lux, banks, DFIs, Vendors, tax incentives, etc. • Support M&A activities relating to optimised funding. • Ensure that funding sources are both diversified and FSB compliant. • Build and maintain relationships with banks and other lenders.

Corporate financial management

• Ensure that group capital structure is aligned with both business strategy and financial policy; discuss, agree and optimise capital structure, dividend policy, share buybacks, supply chain finance, etc. with CFO, Exco and Board as required • Provide information requirements needed to maintain good investor relationships.

Financial risk management

• Develop strategy to manage all financial risks and employ measures to mitigate these paying particular attention to: • Interest rate risk • Foreign exchange risk • Counter party risk (e.g. bank risk assessments) • Pricing risk • Develop “what if” scenarios where applicable to assist strategic decision making.