Head of Treasury and Corporate Finance

1. POSITION DETAILS

Position Title:

Head of Treasury & Corporate Finance

``Reports to:

Country Chief Financial Officer – South Africa

Department:

Finance

Period:

Full Time - Local Employment Contract

Location:

Woodmead, Johannesburg - South Africa

CLOSING DATE:

14 March 2025

2. BACKGROUND

ENGIE is global leading energy company that develops its businesses – Power, Natural Gas, Energy Services – around a model based on responsible growth to take on the challenges of the transition to a low-carbon economy: security of supply, the rational use of resources, access to sustainable energy and climate change. The Group provides governments, communities, cities and businesses with efficient and innovative solutions based on its expertise in four key sectors: independent power development, renewable energy, liquefied natural gas and energy efficiency services.

For more information please visit: www.engie.com or www.engie-africa.com

The Group turnover in 2021 was 57.9 billion Euros. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe, Euronext Vigeo Eiris - Eurozone 120/ Europe 120/ France 20, MSCI EMU ESG screened, MSCI EUROPE ESG Universal Select, Stoxx Europe 600 ESG, and Stoxx Global 1800 ESG).

3. JOB PURPOSE

The candidate will be responsible 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.

• 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.

Create & Structure the department:

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

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.

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.

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.

Investment Management:

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

• Work with the risk and compliance manager to ensure adequate controls in place over all systems and processes.

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

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.

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

5. QUALIFICATIONS, EXPERIENCE AND SKILLS:

Essential Qualifications:

• Master’s degree in finance, business, engineering, or a related field.

Experience, Knowledge and Skills:

• 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.

Language:

• English Language
• Excellent communication skills both written and verbal.

Business Understanding:

• Experienced working in complex multinational organisations.
• Financial systems technical expertise.
• Understanding of the energy sector.

Competencies

• Business Insight - applying knowledge of business and the marketplace to advance the organization’s goals.
• Financial Acumen - interpreting and applying understanding of key financial indicators to make better business decision.
• Ensures Accountability - holding self and others accountable to meet commitment.
• Action Oriented - taking on new opportunities and tough challenges with a sense of urgency, high energy, and enthusiasm.
• Collaborates - building partnerships and working collaboratively with others to meet shared objectives.
• Persuades - using compelling arguments to gain the support and commitment of others.
• Drives Results - consistently achieving results, even under tough circumstances.
• Manages Ambiguity - operating effectively, even when things are not certain or the way forward is not clear.
• Communicates Effectively - developing and delivering multi-mode communications that convey a clear understanding of the unique needs of different audiences .
• Manages Complexity - making sense of complex, high quantity, and sometimes contradictory information to effectively solve problems.
• Organisational Savvy - manoeuvring comfortably through complex policy, process, and people-related organizational dynamics.
• Plans and Aligns - planning and prioritizing work to meet commitments aligned with organizational goals.
• Builds Effective Teams - building strong-identity teams that apply their diverse skills and perspectives to achieve common goals.
• Tech Savvy - anticipating and adopting innovations in business- building digital and technology applications.

Location / travel

• Based in Johannesburg, South Africa.
• Flexibility to travel throughout South Africa.