Treasury Associate
Mauritius, ZA
5d ago


Aspen Global Inc. is the Mauritian subsidiary of Aspen Pharmacare Holdings (Aspen), the world’s fifth largest supplier of branded and generic pharmaceutical products.

Aspen is the largest pharmaceutical company listed on the South African stock exchange as well as one of the top 20 companies listed on this exchange.

A few other interesting facts about us are :

  • We supply more than 150 countries around the world.
  • We have supplied more than 500 million packs of medicine worldwide.
  • We employ over 225 people in Mauritius.
  • We have over 24 nationalities speaking 20 languages working in our offices.
  • We have closed more than 20 global deals since inception in 2008.
  • We are the international holding company for more than 60 subsidiaries.
  • Our portfolio compromises of over 100 products and 5000 trademarks.
  • We manage more than 3500 SKUs, from 60 Manufacturing sites and 25 active pharmaceutical Ingredient (API) manufacturers.
  • As part of our continued growth, we are now recruiting for a Treasury Associate - Accounting reporting into the Manager Accounting, Finance.

    Overview of Role

    This role is in the Finance department. The person will be mainly responsible for the broader Treasury function in the finance department and ensuring an optimum cash management for the company.

    Your Responsibilities

  • You will prepare daily, weekly and monthly cash forecasts to optimize the Company’s cash management;
  • You will review all weekly payment batches;
  • You will prepare weekly bank reconciliations;
  • You will ensure the company obtains the best foreign exchange deals by leveraging use of 360T platform;
  • You will perform a monthly foreign exchange analysis (FX reasonability) and provide insights on the main currency exposures;
  • You will liaise with Group Treasury for any queries on the FX reasonability;
  • You will manage the monthly cash inflows and outflows based on the most recent budget / forecast and flag to the relevant parties to ensure optimum cash holdings;
  • You will manage the deferred payables on deal acquisition ensuring payments are released when they become due to the Company’s deal partners;
  • You will post accounting entries on ERP for the notional and FX elements of any deferred payables;
  • You will manage short term working capital funding in an efficient manner to meet the Company’s requirements;
  • You will manage hedging with counterparties (banks) and post the relevant accounting entries on ERP;
  • You will co-ordinate all the intercompany funding requirements between affiliates, group treasury and legal team and ensure funds flow on a timely basis;
  • You will manage relationships with banks and finance counterparties;
  • You will recommend procedures to improve specific task-related activities relating to the functioning of the treasury team;
  • You will provide support for internal and external audit.
  • Requirements

    What you will need to be considered

  • Degree in Finance / Accounting or completed level 2 ACCA or CIMA or equivalent qualifications.
  • At least 3 years of experience in finance. Preferably, experience in the Treasury department, dealing with payments, banks and various stakeholders.
  • Advanced Excel proficiency.
  • Strong planning and organisational skills.
  • Knowledge of cashflow planning and analysis as well as bank relationship management.
  • Applicants must demonstrate in their application how they meet the above criteria in order to be successful for interview selection.

    Thank you for your interest in this opportunity.

    Please make sure you speak to your HRBP before applying. Closing date for internal applications is 22nd January 2019.

    Important notice to Employment Businesses / Agencies

    Aspen will not accept referrals from employment businesses and / or employment agencies in respect of the vacancies posted on this site.

    All employment businesses / agencies are required to contact the Aspen Global Inc. HR department to obtain prior written authorisation before referring any candidates.

    Obtaining of prior written authorisation is a condition precedent to any agreement (verbal or written) between the employment business / agency and Aspen Global Inc.

    In the absence of written authorisation being obtained any actions undertaken by the employment business / agency shall be deemed to have been performed without the consent or contractual agreement of Aspen Global Inc.

    Aspen Global Inc. therefore shall not be liable for any fees arising from such actions or any fees arising from any referrals by employment businesses / agencies in respect of the vacancies posted on this site.

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