1028 Heslerton Road, Dunsandel, Canterbury

Transcription

1 Position Reports to Treasury Company Synlait Milk Ltd Date: February 2015 Location 1028 Heslerton Road, Dunsandel, Canterbury Purpose The Treasury position involves the responsibility to ensure that SML s financial risk is managed within the parameters set out in the Treasury Policy in addition to reporting upon compliance to this policy. This role will develop, implement and maintain the treasury policy framework and its associated procedures. Key to executing these procedures will be the exhaustive utilisation of the treasury management system. Specifically the role includes: Cash management (NZD, USD, EUR and RMB) Foreign exchange management Working capital financing Loan, IRS and overdraft management Treasury policy compliance and associated reporting Management of all other derivative instruments and contracts Key Performance Areas Cash management Daily liquidity management for cash denominated in all currencies utilised by SML Daily fund transfers to maintain liquidity Bank statement reconciliation and daily updates of cashflow models and TMS Short term cashflow forecasting and reporting Foreign exchange management FX orders and delivery Maintenance of the excel swap report and the TMS Month end valuation and reconciliation of all deriviatives FX policy compliance assessment and associated reporting Proposal of FX tactics for review by the Financial Controller and tactical planning committee Treasury PD February 2015 Page 1 of 6

2 Key Performance Areas Working capital financing Inventory finance drawdowns, reconciliation and associated accounting Trade finance drawdowns, reconciliation and associated accounting Review of all LC s before execution and administrating the discounting of LC s with SML banks Administrating and reconciliation of all factoring of customer balances Loan, IRS and overdraft management Administrate the periodic drawdown of term loans and overdraft facilities Administration if interest rate swaps and related derivatives in accordance with SML treasury policy Administrate all interest accruals and associated accounting Periodic reporting and support periodic forecasting of finance expenses Treasury policy compliance and associated reporting Management of all other derivative instruments and contracts Ensure SML remains in compliance to Treasury policy at all times. Where it appears possible that SML may move outside policy, the Treasury accountant should make recommendations to the to remediate the situation Periodic reporting on treasury policy along with proposing recommended tactics and actions Periodic review of treasury policy parameters and recommendation of amendments to the Financial Controller Derivative contract administration Month end valuation and reconciliation of all derivatives Derivative policy compliance assessment and associated reporting Proposal of derivative tactics for review by the and tactical planning committee Treasury PD February 2015 Page 2 of 6

3 Team Work Work with others to contribute to team and group outcomes Demonstrate active support of Synlait Milk values and exhibit behaviours that are consistent with them Keep up-to-date with business developments in the company and gain an understanding of the company s vision, mission and strategy. Compliance / Risk Management Comply with all relevant company policies and delegations Comply with all Quality Assurance / ISO systems Identify and remedy any health and safety hazards and report any incidents Projects Undertake specific analysis and investigations / projects as directed and in an accurate and timely manner. Professional & Personal Development Undertake identified personal training / development with the prior approval of the Remain abreast of current industry related trends, practices and disciplines and undertake regular updates in either competency training or changes in law as required. Keep up-to-date and demonstrate awareness of relevant legislation and best practice. Build networks with relevant organisations, professionals and associations. Treasury PD February 2015 Page 3 of 6

4 Key Relationships Internal External CEO CFO Corporate Finance Manager Shared Services Manager Legal Counsel Bankers Treasury advisors Auditors Authorities Delegated authorities within the Synlait Delegated Authorities Policy. Decision making in scope of this position Organisational Structure Chief Executive Executive Assistant Chief Financial Officer GM Culture, Capability & Strategy GM Sales GM Supply Chain GM Manufacturing GM Quality & Technical Services Treasury Systems Accounting Manager Financial Reporting & Compliance Capital Asset Treasury PD February 2015 Page 4 of 6

5 Competencies Deciding and Initiating Action Adhering to Principles and Values Writing and Reporting Applying Expertise and Technology Analysing Delivering Results and Meeting Customer Expectations Following Instructions and Procedures Coping with Pressure and Setbacks Makes prompt, clear decisions which may involve tough choices or considered risks, takes responsibility for actions, projects and people, take initiative, acts with confidence and works under own direction, initiates and generates activity Upholds ethics and values, demonstrates integrity, promotes and defends equal opportunities, builds diverse teams, encourages organisational and individual responsibility towards the community and the environment Writes clearly, succinctly and correctly in a structured and logical way which meets the needs and understanding of the intended audience, writes convincingly in an engaging and expressive manner, avoids the unnecessary use of jargon or complicated language Applies specialist and detailed technical expertise, develops job knowledge and expertise through continual professional development, shares knowledge with others, uses technology to achieve work objectives, demonstrates an understanding of different organisational departments and functions Analyses numerical and verbal data and all other sources of information, breaks information down into component parts, patterns and relationships, probes for further information or understanding, makes rational judgements using the available information and analysis, produces workable solutions, demonstrates and understanding of how one issue may be a part of a much larger system Focuses on customer needs and satisfaction, sets high standards for quality, quantity and productivities, monitors and maintains standards, works in a systematic, methodical and orderly way, consistently achieves work goals Appropriately follows instructions from others without unnecessarily challenging authority, follows policies and procedures, keeps to schedules, arrives punctually, demonstrates commitment to the organisation Works productively in a high pressure environment, keeps emotions under control during difficult situations, balances the demands of work and personal life, maintains a positive outlook at work, handles criticism well and learns from it Treasury PD February 2015 Page 5 of 6

6 Qualifications, Skills and Experience Qualifications: Minimum of a University Degree in Commerce CA membership of the ICAANZ is a prerequisite At least 7 years experience in similar roles Experience: Experience in administrating and managing FX derivatives Experience in administrating and managing other derivatives, including, but not limited to, interest rate swaps etc Experience in short term liquidity management across multiple currencies, facilities and bank accounts Experience in reporting of treasury risk and effectiveness management Skills: Expert knowledge of financial instruments, different foreign exchange contract types and tactics. Expert knowledge of NZ IFRS as they relate to treasury transactions Proven ability to work under pressure and meet deadlines in a multi-tasking environment. Health & Safety 1. All staff must be conscious of potential safety problems at all times 2. A Health and Safety Policy is in place within Synlait. Instructions regards safety given by the Health and Safety representatives must be followed at all times. Non-Limitation Clause This job description is not intended to be a complete or limiting description of the functions that the employee may reasonably be requested to undertake both within and outside of the normal hours of work. ACKNOWLEDGMENT I have read and understand the above job description. Employee Name Signature Date Treasury PD February 2015 Page 6 of 6