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.

Treasury policy, operations and controls

• Carry out an annual review of group treasury policy to ensure full alignment with Vodafone group policy and strengthen or reformulate the policy if necessary (based on operating feedback).


• Present proposed policy changes to the board.


• Ensure divisional policies and procedures, systems and controls are updated and aligned with group treasury policy at all times


• Ensure that all treasury transactions are accurately recorded Liaise with:
  
  
  
  • CFO, ME Legal Affairs (Corporate Transactions) ME Tax on major funding issues.
  
  
  • CEO and Op Co MDs on critical projects
  
  
  • Vodafone Group Treasury
  
  
  • Relevant external stakeholders, as required. 
  
  
  
  

Opco strategic management

• Manage Treasury function at a group level, including reporting.


• Ensure knowledge share happens across all entities.


• Identify improvements in capital structures across the Group and aid in implementation to optimise funding.


• Enforce and oversee Treasury Policy implementation in all Operations.


• Treasury risk management best practice, i.e. digitizing, reporting, tracking, etc.

Mergers, acquisition and projects

• Advise on optimal funding mix for mergers, acquisitions and projects.

M-Pesa

• Manage the M-Pesa treasury risk. Including CPR, default exposure and insurance exposure.

The ideal candidate for this role will have:

• CA (SA) and / or Master's Degree with additional qualification in the Corporate Treasury field.


• Broad business experience with a minimum of 15 years in a treasury environment / corporate treasury role, 10 years of which should have been in a senior management role. 

Leadership Competency Requirements 

• Required to provide professional guidance to, and manage a team of 4 senior specialists / specialists.  Leadership needs to be persuasive, ethical and in line with financial strategy.

Core competencies, knowledge and experience:

• Experience in treasury management as noted backed by background in auditing (financial services sector), internal audit, etc.


• Knowledge of company law – legal agreements, loans, bank facilities, share purchase agreements, etc.


• Knowledge of financial regulatory environment and exchange control.


• Ability to interpret accounting policies, financial statements.


• Knowledge of tax (local and cross border).


• Knowledge of governance and compliance procedures.


• Understanding of ethics (CMT) and sanction listed countries.


• Problem solving and decision making skills.


• Resilience and ability to balance changing priorities and anticipate changing conditions.


• Strong written and verbal communication skills.


• Interpersonal skills, team player.


• Decision and results-driven. 


• Ability to manage conflict.

We make an impact by offering:

• Enticing incentive programs and competitive benefit packages


• Retirement funds, risk benefits, and medical aid benefits


• Cell phone and data benefits, advantages fibre connection discounts, and exclusive staff discounts offered in collaboration with partner companies

Closing date for Applications: 09 November 2026.  

The base location for this role is Midrand, Vodacom Campus. 
 

The company's approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.
Vodacom is committed to an organisational culture that recognises, appreciates, and values diversity & inclusion.