Job Opportunities at Thungela

Job Description

• As the Cash Management Administrator, you will ensure the execution of all bank reconciliations.

More of your responsibilities will include:

• Conduct all vendor payments based on an approved funding proposal.
• Ensure timeous receipt and approval of vendor funding proposals.
• Ensure verification of high value invoices and banking account details
• Execute all vendor payment schedules accurately and timeously
• Timeous and successful release of vendor payments
• Manage the creation of manual payments e.g. SARS
• Investigate and close out queries related to rejected, unpaid payments, blocked payments or other vendor exceptions
• Conduct selected reconciliations and clearing of Non-PO vendors
• Identify opportunities and trends for improving processes related to vendor payments
• Prepare journals accurately and timeously
• Assist the Supervisor to pro-actively meet targets and ensure compliance with policies, procedures, audits, and attestation
• Collaborate with all stakeholders to meet targets e.g. Accounts Payable and Treasury
• Ensure compliance with policies, procedures, audits, and attestation
• Execution of specified bank reconciliations
• Accurate and timeous clearing of matching open items
• Investigate and timeous resolution of uncleared and residual open line items
• Accurate and timeous reconciliation/analysis of specified bank accounts
• Identify and review any trends related to bank reconciliations

Qualifications

• Matric
• Diploma/ Degree in Finance or related field

Experience

• Minimum of 2 years’ experience in a financial services field
• Experience working with commercial banks (Advantageous)

Additional Information

• International Financial Reporting Standards
• Protection of Personal Information Act, No 4 of 2013
• Emerging knowledge of applicable finance systems, specifically SAP S4
• Emerging knowledge of bank interfaces
• Emerging understanding of applicable financial controls
• Basic knowledge of financial services processesJob Description
• As the Cash Management Administrator, you will ensure the execution of all bank reconciliations.

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Job Description

• You will take on the responsibility for short and medium term planning, converting the monthly S&OP plan and weekly demand rail and production forecast into a sales schedule that manages risk and optimises value for Thungela.

More of your responsibilities will include:

• Consolidating the overall medium-term plan for sales, considering the production plan from operation and various logistic plans
• Providing input into the detailed logistics plans taking sales and production constraints into consideration as well as ensuring the tonnages for sales are released timeously while considering risks and quality
• Developing the daily schedules from the S&OP plan and developing the monthly sales plan
• Receiving and providing data to the team so the integrated plan over the 3 weeks planning horizon (Strategic, Tactical and Schedule execution) can be completed
• Providing advisory services at the pre S&OP meeting regarding volume for sale, 3rd party coal, quality issues, scenarios and risk analysis
• Collaborating and engaging with the operations, logistics, port, and sales team to ensure correct product is being sold, loaded on the vessel/ truck and that the quality and quantity is correct
• Developing tactical plans to manage any potential contractual constraints while providing detail communication to the sales team
• Monitoring quarterly sales volumes versus plan, and identifying and managing risk opportunities
• Ensuring adherence to plan and escalating the risks to plan as the arise to ensure that revenue and forecast are inline
• Performing the daily, weekly, and monthly book balancing/ tactical activities
• Validating the execution of required scheduling activities in line with Marketing processes
• Developing and leading improvement projects related to tactical planning
• Advisory authority to mine planning on product, volume, inventory and quality requirements while supporting the mine planning team on buffer stockpile management requirements
• Responsible for the weekly Tactical Planning meeting where advisory services will be provided to key stakeholders on best practices and best course of action and opportunities
• Ensuring contracted sales are within the market prices and indicated through various publications while investigating compliance as well as identifying cost improvement opportunities

Qualifications

• Bachelor’s degree/ Btech Engineering, Logistics,  finance or related Discipline (NQF 7)

Experience

• Minimum 5 years’ experience in Planning and scheduling logistics in a complex mining environment
• Experience in rail shipping and road logistics
• Sales and Marketing experience in a global company
• Experience in production/ metallurgy role in a thermal coal environment preferred (advantageous)
• Additional Information
• Proficient knowledge and experience in a Mine environment
• Proficient knowledge of Coal Markets, stakeholders, trading, and logistics
• Advanced knowledge of planning techniques and tools, specifically within mining or logistics
• Advanced knowledge of data analysis and reporting techniques, processing tools
• Proficient understanding of the marketing and metallurgy value chains, financial concepts, and appropriate risk management
• Proficient knowledge of commodity marketing, specifically related to bulk commodities