Treasury Finance Audit Tj Sparrow Jan 2011


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Treasury Finance Audit Tj Sparrow Jan 2011

  1. 1. CAREER PROFILE: TRISH JOHNSON SPARROWAddress 14 Emerald Mews, East Pont Road, Rivonia ext. 15. Jhb 2157Contact 082 923 9050Email address, trishjhnsn1@gmail.comProfessional Memberships • Chartered Institute of Secretaries SA. Associate Member 0812188 • Association of Corporate Treasurers, SA. Full member • Chartered Institute of Business Management. Fellow Member 0812188 • Institute of Risk Managers of South Africa IRMSA Full Member 8174Non –Executive Directorships • Non-Executive Director – City of Johannesburg: Johannesburg Zoo, Jan 2007 to 2009. • Non-Executive Director – City Parks of Johannesburg: Jan 2010 to date.Qualifications • Chartered Secretaries: CIS Professional Post-Graduate Qualification: Company Secretarial and Governance Practice. Majors: Accounting III, Taxation, Economics. • Henley Business School: MBA 2009 – 2012 Completed 2nd Year.Personal Development Programme • Infrastructure Finance for PPP Projects facilitated by World Bank Institute 2008 • Project Finance 2007. Project Management 2008 (USQ) • SAFEX Regulations and Compliance at SA Futures Exchange 2001 • Financial Markets & Instruments Academy of Financial Markets 2002 • King II 2002 Report. Sarbanes-Oxley Act 2002. Public Finance Management Act of 1998.Volunteer work • USA Embassy charity fund raising committee 1999 -2001School Education • O, M, and A levels (Cambridge UK General Certificate of Education)Citizenship • South African 1
  2. 2. CAREER HISTORY(1) COMPANY Eskom Holdings Limited. Generation Division, Megawatt Park.Positions held i. Back Office Manager – wholesale energy trading. ii. Audit and Compliance Manager – production planning. iii. Business Services Manager – strategy, technology and assurance. January 2005 to present date.Managerial function coordinating the work of others in a team meeting financial targetsBack Office Manager responsibilities:1. Power Exchange Settlements: ensure audit grade revenue clearing and settlement verification procedures (wholesale energy trading)2. Integrate audit grade settlement processes into SAP accounting and reporting3. Monitor long-term commodity-linked sales contracts4. Maintain, comply and integrate Corporate Treasury objectives. Develop and integrate Back Office policy and quality management systems into processes5. Divisional revenue budgeting6. Transfer pricing and costing of ancillary services.Scope of Audits:1. Compliance with policies, standards, and applicable laws and regulations2. Settlement monitoring, compliance and SAP reporting3. ISO 9000 QMS compliance and implementation in Business Unit4. SAATCA Quality Audit Programme roll out in Business Unit5. Transfer pricing applications to National Energy Regulator (NERSA)6. Non-conformance testing within the unit’s business processes.Committee participation:Internal Trading CommitteePower Exchange SettlementsQuality Management Systems ForumEskom Crisis Recovery Team2010 Steering CommitteeMANCOM SecretariatManager’s Awards2010 MW Project during FIFA World Cup EventReport to: Portfolio GM. 2
  3. 3. (2) COMPANY Palabora Mining Company. Copper Mine. Rio Tinto listed company, UK.Position Treasury Manager October 2003 to December 2004Managerial function coordinating the work of others in the team meeting financial targets improving performance in people and processesMain Functions of the treasury position:1. Manage SA office corporate treasury function including front, middle and back office processes, primarily long term debt refinancing and strategic planning2. Negotiate with SA and international financial institutions to secure cost effective borrowing facilities3. Develop systems to minimise the group’s exposure to foreign currency and commodity price risk within Rio Tinto (HO) policy4. Execute deals in currency and commodity market, manage portfolio risk5. Provide front office and back office support to Rio Treasury London desk for trades in currency, money market and commodity futures, manage parent company guarantees6. Develop group Treasury policies and integrate with UK Treasury Manager7. Short and long term cash flow forecasting and financial modeling8. Monitor contractual performance vis. a vis. banks, suppliers and regulators9. Manage customer credit risk and subsidiaries’ credit policies10. Liaison with Finance regarding cash forecasting and working capital requirements11. Manage outsourced treasury function to ensure compliance to best practice12. Report to Financing Committee on refinancing project – sub committee of Board13. Ensure compliance to SA Reserve Bank regulations14. SAP FI reporting. MS Excel. MS Project.Investor Relations responsibilities:1. Communicate with lenders and financial analysts, investor roadshows2. Manage debenture issuance and dividend settlements with Computershare Ltd and stakeholders3. Assist with market announcements for publishing on SENS4. Ensure compliance with JSE regulations (financial reporting standards)5. Ensure compliance to Rio Tinto information disclosure policy.Safety Officer duties in terms of SHEQ – Safety Act regulationsReported to: Financial Manager (Ms. Elia China) 082 441 6688 Reason for leaving – mine restructuring. 3
  4. 4. (3) COMPANY Gworx Risk Management ConsultantsPosition Treasury Risk Consultant November 2002 to September 2003Developed risk assessment and compliance frameworks within Treasury (front, middle and backoffice). Clients were Nedcor and Rennies’ Bank Ltd. Johannesburg(4) COMPANY Louis Dreyfus Africa. Commodity trading operations world wide in agriculture.Position Financial Controller & Head of Treasury November 1999 to September 2002Managerial function coordinating the work of others in the team meeting compliance targets improving performance in people and processesProvided back office and front office support to commodity trading desk, managed the treasury,cash flow and borrowings portfolio. Planning of the financial activities of the trading operations andoversight of the flow of financial instruments. Manage foreign currency exposure and hedgingratios. Preparation of financial and regulatory reports, audit controls and risk mitigating processes.Compliance to fiscal and regulatory laws. Staff performance.Reported to: Finance and Admin Manager. Mr. Robin Ravinsky. Contact COMPANY Jupiter Drawing Room Pty. Ltd. Media GroupPosition Financial Manager. September 1996 to October 1999.Install financial management practices into the business, implement internal accounting controls;negotiate credit lines and develop funding strategy; full function financial and taxation reportingand financial staff co-ordination.Reported to: MD and FDReferee: Mr. Rod Pringle FD 083 303 9688.(6) COMPANY Simply Wild Africa [Zambia] and Island Ostrich Ranch [USA].Finance & Admin Manager July 1987 to July 1996(7) COMPANY Nampak Corrugated and Metal Box Divpac.Plant Financial Manager July 1982 to June 1987 4