Summary
Overview
Work History
Education
Skills
Work References
Personal Information
Accomplishments
Certification
Timeline
Generic
Yoschini Govender

Yoschini Govender

Treasury Manager & Fraud Investigator
Johannesburg

Summary

Seasoned treasury professional with 20 years of experience overseeing funding strategies, liquidity management, and treasury operations. Skilled in developing and implementing daily and long-term strategies to enhance business efficiency and growth. Passionate about innovating solutions to streamline treasury operations, improve liquidity forecasting, and optimize funding strategies in alignment with organizational goals. Specialized in compliance, leading projects for major entities such as Tiger Brands Group, Illovo Sugar Africa, and Omnia Group. Certified Fraud Examiner with advanced knowledge in fraud prevention techniques, financial investigations, and risk management strategies to ensure financial integrity and business continuity. Proficient in financial analysis, cash management, and risk assessment to support strategic financial planning while maintaining regulatory compliance and implementing effective financial controls.

Overview

28
28
years of professional experience
20
20
years of post-secondary education
1
1
Certification
3
3
Languages

Work History

GROUP TREASURY SPECIALIST & ADVISORY/FRAUD INVESTIGATOR

ILLOVO SUGAR AFRICA
06.2023 - Current
  • Assessing interest rate, currency exposure and liquidity risk of the Group.
  • Monitor Banking covenants in the Group
  • Working with Legal and Tax teams negotiating banking facilities.
  • Managing Group facilities, Guarantees, Letters of Comfort, SARB applications and all other task relating to monitoring and control within the Treasury function.
  • Managing compilation, maintenance and application of the Group Treasury policy.
  • Monthly reporting, treasury disclosures and reporting for the half yearly and year end reporting.
  • Business Partnering and working on various Treasury projects.
  • Working of fund-raising activities (debt and equity) with country Treasury teams and ABF Group Treasury
  • Improving working capital across the Group
  • Managing banking relationships
  • Reviewing GL journal for treasury transactions and approvals.
  • Hedging strategies and ensuring the Hedging Policy is adhered to.
  • Daily cash management.
  • Ensuring that all Treasury controls and policies are in place.
  • Fraud and risk management
  • Fraud investigation of cases presenting through the Tip-Offs line
  • Fraud investigation of Procurement matters and abuse
  • Data Analysis and Control efficiencies in Fraud Analysis
  • Report Writing in Fraud Cases.

LECTURER, BUSINESS COACH AND TRAINER

IDIOMA INTERNACIONAL ACADEMY (COSTA RICA)
12.2020 - 05.2023
  • Lecturing to Business Students.
  • Grading of students’ assessments.
  • Training students
  • Researching topics for the class content.

GROUP TREASURER

TIGER BRANDS LTD
05.2021 - 02.2022
  • Cash management of daily and monthly position for the Group of Companies.
  • Detailed quarterly forecasting and accounting process
  • Budget and accounting process.
  • Approval of all cash transfers and intercompany funding transfers of the Group.
  • Audit of the cash transactions
  • Quarterly Treasury Report, Findings and Controls.
  • Managing all relationships with various banks.
  • Negotiating better interest rates on borrowings with the banks.
  • Ensuring the borrowings limits are not breached.
  • Daily repayment on overnight loans, or borrowings based on the company cash position.
  • Maintaining all interest calculations on loan schedules.
  • Recalculating interest charged on the Overnight Loans.
  • Recalculation of all Commitment Fees charged, and approval of invoices.
  • Managing risks and segregation of duties in the Treasury Department.
  • Compliance Officer for all Banking and SARB regulations.
  • Project Management of various Treasury new products.
  • Project Lead for the change of Banker project.
  • Implementing the Sweeping plans with new Banker.
  • Excellence in performing the role and ensuring information is complete, accurate and timeous
  • Keeping up to date with changes in regulations of South African Reserve Bank
  • Building and maintaining positive relationships throughout Tiger Brands divisions and global footprint
  • Daily liquidity reports
  • Monthly financial risk management reports
  • Procurement monthly schedules
  • Board and management reports and advisory
  • Research and prepare reports for Executive review
  • Advise group management on appropriate actions required to mitigate risks
  • SARB, FICA, banking and exchange control compliance
  • Managing the Shared Service banking team and their daily reporting.
  • Managing payments of the Trust accounts.
  • Direct relationships with Directors and Senior Executives
  • Month End reporting for IFRS16 and Interest in depth analysis.
  • LC’s and Guarantees
  • Sec 45 Funding and Board Requirements
  • Year End AFS and preparing the notes to the AFS on the Financial Instruments.
  • Working Capital Pack to determine the Dividend declaration.
  • Building new reports due to ERP system change, for IFRS16 and interest month end reporting.
  • Close monitoring of African entity compliance and banking regulations.
  • Repatriation of funds in African countries.
  • Investment of funds in African countries.
  • Assisting with the increase of the global footprint of Tiger Brands.
  • (Consultant Position)

GROUP TREASURY MANAGER

OMNIA GROUP DIVISION
01.2009 - 05.2020
  • Cash management of daily and monthly position for the Group of Companies.
  • Detailed 6-month cash flow forecasting for the Treasury and Group Divisions.
  • Approval of all cash transfers and intercompany funding transfers of the Group.
  • Managing the balances of several accounts in the entire Group.
  • Independent auditor of all cash and Treasury related transactions.
  • Managing all relationships with various banks.
  • Negotiating better interest rates on borrowings with the banks.
  • Ensuring the borrowings limits are not breached.
  • Daily repayment on overnight loans, or borrowings based on the company cash position.
  • Review of accounting journals
  • Accounting instructions for FEC transactions and funding of these FEC’s.
  • Monthly Profit and Loss reports for all FEC transactions.
  • All transactions relating to Working Capital Loan from our foreign Subsidiary.
  • Maintaining all interest calculations on loan schedules.
  • Reviewing the bank account foreign currency transactions for the Group, and the accounting.
  • Reporting on all the Group’s USD and EUR transactional exposures, as well as hedging the position.
  • Recalculating interest charged on the Overnight Loans.
  • Recalculation of all Commitment Fees charged, and approval of invoices.
  • Compiling the annual year-end tax pack for the South African Group of Companies, final review by previous Treasurer.
  • Completing all the Tax Returns for our associated smaller companies.
  • MT940 process for all bank accounts.
  • Solely responsible for the implementation of the SCB online banking system in Mauritius.
  • Compiling the USD forecast based on all Import and Export transactions.
  • Managing the entire process, of all Omnia’s Trade Finance transactions, with various banks.
  • Overseeing and management of the automatic integration of the exchange rates from Reuters into ERP system.
  • Mentoring, training and supervising staff who are reporting, into the Treasury department.
  • Managing risks and segregation of duties in the Treasury Department.
  • Compliance Officer for all Banking and SARB regulations.
  • Major role-player involvement in the rollout of a Formal Treasury system in the organisation.
  • Involved with all major projects relating to the rollout of the new segments, on the Treasury One system.
  • Super User of the Treasury One system.
  • Project Management of various Treasury new products.
  • Implementing the Sweeping plans with Banks.
  • Responsible for implementation and control for the accounting journals into ERP system, with regards to the Sweeping process with two major transactional bankers in South Africa.
  • Management of the TreasuryOne operations team to ensure efficient processes on a daily basis.
  • Mentoring and development of a disadvantaged learner in our team.
  • Responsible for modelling various scenarios relating to the financial risks managed
  • Mentoring and training groups and divisional employees where appropriate
  • Manage performance of direct reports
  • Excellence in performing the role and ensuring information is complete, accurate and timeous
  • Staff management
  • Keeping up to date with changes in regulations of South African Reserve Bank
  • Build and maintain positive relationships throughout Omnia’s divisions and global footprint
  • Daily liquidity reports
  • Monthly financial risk management reports
  • Cashflow forecast scenarios and reconciliations
  • FX positions and scenarios
  • Board and management reports and advisory
  • Research and prepare reports for Executive review
  • Advise group management on appropriate actions required to mitigate risks
  • Mature and insightful representation at forums
  • Withholding tax payment requests
  • SARB, FICA, banking and exchange control compliance

FINANCIAL MANAGER - GROUP TECHNOLOGY

NEDBANK
07.2007 - 12.2008
  • Management accounting for Nedbank International entities namely Swisscard and Tando
  • Flash & Predictor Reports.
  • OPCOM slides for Executives
  • Actual vs Variance Reports
  • Managing the invoicing and debtors of the local and foreign entities.
  • Executive Pack for Swisscard Branch & Nedbank Manco.
  • Balance Sheet Recons
  • Consolidated Reporting for 3 entities.
  • International Reporting Pack.
  • Budgeting and Forecasting for Swisscard and Tando
  • Online Balance Sheet Recons.
  • Training and Mentoring the Assistant Financial Officer in our team.
  • Reason for leaving: Better opportunity

MANAGEMENT ACCOUNTANT

OMNIA GROUP DIVISION
01.2002 - 06.2007
  • Full accounting function to Balance sheet for the Group
  • Responsible for the monthly Management accounts.
  • FEC Instructions to banks and the funding of these transactions.
  • Reconciliations of USD and EUR CFC bank accounts.
  • Bank Reconciliations for several bank accounts.
  • Balance Sheet and Intercompany recons
  • Budget Journals and assisting with preparation of the budgets
  • Preparation of Taxation schedules
  • Consolidated VAT return for the entire Group of companies
  • Stock Takes and Audit of Stock
  • Assisting with the various Treasury Functions.
  • Cash Management and Cash funding on a daily and monthly basis for the entire Group
  • Preparing Audit Packs.
  • Supervising and training of debtors/creditors clerk.
  • Reason for leaving: Career Growth

BALANCE SHEET BOOKKEEPER/ AUDITOR

ASH & HELLBERG (CHARTERED ACCOUNTANTS)
01.2001 - 12.2001
  • Bookkeeper to Balance Sheet for various enterprises and industries
  • Bank Recons for various clients
  • VAT, UIF and RSC Levies Returns
  • Audits for various clients.
  • Tax returns for various clients.
  • Audit procedures and working papers file
  • Reason for leaving: Relocated

ADMIN MANAGER & OFFICE ACCOUNTANT

MSGM MASUKU JEENA (CHARTERED ACCOUNTANTS)
03.1997 - 12.1999
  • Managing the entire administrative function of the firm
  • Registering companies and close corporations
  • VAT and UIF registrations.
  • Capturing work in progress reports
  • Running debtors’ system on Pastel
  • Handling debt collection and queries.
  • Basic Accounting and Auditing for small clients.
  • Bank Recons for various clients
  • Reason for leaving: Career Growth

Education

Matric Bachelors Pass - Business And Financial Management

Silver Heights Secondary
Pietermaritzburg
01.1983 - 12.1995

ASSOCIATION OF CERTIFIED FRAUD EXAMINERS - undefined

CERTIFIED FRAUD EXAMINER

Bachelor of Commerce - FINANCIAL AND STRATEGIC MANAGEMENT

UNISA
University Of South Africa
01.2000 - 11.2005

DIPLOMA - TAXATION

UNISA

Post-Baccalaureate Diploma - Diploma in Financial Accounting And Business Mgmt

Damelin
Pietermaritzburg
01.1986 - 01.1987

TREASURY, RISK & CASH MANAGEMENT - undefined

EUROFINANCE

INTERNATIONAL TREASURY MANAGEMENT - undefined

EUROFINANCE

Skills

  • Microsoft Word

  • Microsoft Excel

  • Microsoft PowerPoint

  • Microsoft Outlook

  • CaseWare

  • AS400

  • BPCS

  • Cognos

  • Pastel Accountancy

  • Treasury One System

  • QAD

  • Microsoft Dynamics AX

  • Oracle

  • Profit and loss analysis

  • Daily cash management

  • Reporting and analysis

  • Project management

  • Time Management

  • Compliance Role

  • Treasury accounting

  • Policy development

  • Interpersonal abilities

  • Strong communication skills

  • Fraud detection

  • Commercial environment experience

  • Fast-moving commercial reporting

  • Good spreadsheet skills

  • Computerised accounting systems

  • Prioritisation

  • Meeting tight deadlines

  • Effective verbal communication

  • Effective written communication

  • Robust treasury control

  • Multitasking

  • Excellent Microsoft Excel skills

  • Excellent systems skills

Cash management expertise

Time management

Bank relationship management

Decision-making confidence

Team collaboration

ERP system experience

Strategic financial planning

Continuous improvement mindset

Regulatory compliance

Working capital optimization

Debt management

Financial analysis proficiency

Risk management strategies

Work References

  • Jules Urdang, Acting Omnia Group Treasurer, 0827777752
  • Clare Giletti, Omnia GM, 083 652 2187
  • Carosin Buitendag, Omnia Group Treasurer, 082 458 3678
  • Ian Richter, Tiger Brands FM, 083 346 8880

Personal Information

  • ID Number: 7709200206083
  • Date of Birth: 09/20/77
  • Nationality: South African
  • Driving License: Code 08
  • Marital Status: Married

Accomplishments

Awarded top employee award at Nedbank.

Solely implemented a Treasury Management system at Omnia Group.

Project Lead at Tiger Brands, for massive banking project for change of primary transactional banker.

Project Lead on SAP implementation project for Treasury for the Illovo Group.

Certification

CFE - Certified Fraud Examiner

Timeline

GROUP TREASURY SPECIALIST & ADVISORY/FRAUD INVESTIGATOR

ILLOVO SUGAR AFRICA
06.2023 - Current

GROUP TREASURER

TIGER BRANDS LTD
05.2021 - 02.2022

LECTURER, BUSINESS COACH AND TRAINER

IDIOMA INTERNACIONAL ACADEMY (COSTA RICA)
12.2020 - 05.2023

GROUP TREASURY MANAGER

OMNIA GROUP DIVISION
01.2009 - 05.2020

FINANCIAL MANAGER - GROUP TECHNOLOGY

NEDBANK
07.2007 - 12.2008

MANAGEMENT ACCOUNTANT

OMNIA GROUP DIVISION
01.2002 - 06.2007

BALANCE SHEET BOOKKEEPER/ AUDITOR

ASH & HELLBERG (CHARTERED ACCOUNTANTS)
01.2001 - 12.2001

Bachelor of Commerce - FINANCIAL AND STRATEGIC MANAGEMENT

UNISA
01.2000 - 11.2005

ADMIN MANAGER & OFFICE ACCOUNTANT

MSGM MASUKU JEENA (CHARTERED ACCOUNTANTS)
03.1997 - 12.1999

Post-Baccalaureate Diploma - Diploma in Financial Accounting And Business Mgmt

Damelin
01.1986 - 01.1987

Matric Bachelors Pass - Business And Financial Management

Silver Heights Secondary
01.1983 - 12.1995

ASSOCIATION OF CERTIFIED FRAUD EXAMINERS - undefined

CERTIFIED FRAUD EXAMINER

DIPLOMA - TAXATION

UNISA

TREASURY, RISK & CASH MANAGEMENT - undefined

EUROFINANCE

INTERNATIONAL TREASURY MANAGEMENT - undefined

EUROFINANCE

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Yoschini GovenderTreasury Manager & Fraud Investigator