Job Opportunity at ALAF – Treasury Manager

ALAF

August, 2023

Reference Number: ALAF03022023/01

Overall Job Purpose

Daily cash management
Managing long term and short term loans within the organization.
Advising the Finance Controller on investment opportunities available
Managing credit rating agency relationship.
Formulate policies and procedures that govern all Treasury operations
Supporting the month end process where necessary.
Forecast cash flow positions, related borrowing needs and fund availability for investment.
Monitoring and managing the organizations bank relationship and liquidity management
Managing foreign currency exposure and payments; Hedge and Minimize interest rate risk and foreign exchange risk
Analyzing various scenarios and risk and reporting to the Treasury Accountant.
Forecasting of medium and long term funding and hedging requirement. (If applicable)
Maintain a system of policies and procedures that impose an adequate level of control over Treasury activities
Liaising with senior management across the organization
Supporting the month end process where necessary
Any other related work that may be assigned by the management.

Responsibility for Internal and External Relations

Internal Relations •

CEO, General Manager, Finance Manager, Credit Controller, Supply Chain Manager, Human Resource Manager etc.

External Relations •

Operational responsibilities/Tasks

1. Treasury, Banking and Working Capital Management:

To coordinate with Financial Institutions and Banks and ensure smooth completion of all the financial transactions;
To prepare, monitor and manage cash flow plans to ensure that financial obligations are timely met, any default risk is identified well in advance so as corrective actions are taken;
To focus on the working capital management to ensure that Company’s liquidity ratio remains within the policy, any deviations are brought to notice in time so as corrective action are taken;
To ensure that necessary funds are arranged well within time to meet all the financial commitment of the business in time;
To ensure that all the available banking facilities are used in such a way so that overall costs are not only kept in control but constant savings are achieved;
To ensure banking facility covenants are tracked, monitored and pre-empt Finance Controller on any probable breach;
To ensure necessary reports in respect of Treasury function are prepared accurately and timely for management’s review;
To ensure control and monitoring over Petty cash payments;
To ensure Treasury function operates efficiently and always looking for ways to improve internal and external customer satisfaction;

2. Forex Management

To keep track of the development in the Forex Markets;
To keep track of the various products / options available to cover the forex risks;
To keep track of the forex exposure and the due dates for the payment of commitments as well as expected forex receipts so as to effectively cover the risks relating to foreign exchange movements;
To ensure that all the forex commitments are met in time and at the least possible cost.

3. Vendor Management

To ensure maintenance of proper records of vendor obligations say, register for movement of vendor invoices once processed by Supply Chain and accounted for by the Accounts payable team;
To keep track of due dates for vendor obligations and ensure settlement as per due dates;
To attend to Vendor’s queries with respect to their payments;
To ensure vendor account details are correctly and timely updated in bank portals;
To ensure application of WHT on payments, wherever applicable;

4. Receipts Management

5. Miscellaneous

To assist other colleagues in Finance department in respect of customer collections, accounts payable, etc;
To maintain cross-functional relationships with other departments in order to improve efficiency of Treasury processes and customer satisfaction (both internal and external);
To attend to any other task, as may be assigned by the management

Requirements

Minimum: University level (B. Com Accounting or equivalent) with CPA
Qualifications as an added advantage: Degree / Diploma / Certifications in Treasury Management
Professional registration: Registered with NBAA
General work experience (years): Minimum of 6 years of experience
Specific to the position (level/discipline/years): 4 years of experience
Industry: Manufacturing and or Banking
Good command of English and Kiswahili languages
Excellent communication skills
IT literate with experience of using databases, Microsoft Office (Word, Outlook, Excel) and SAP systems
Effective team player with positive energy and enthusiasm
Strong ethics and a high level of personal and professional integrity.
Employee centric, fast paced and prompt
Well focused with an understanding of priorities and changing demands
Excellent personal organizational skills with the ability to multitask, prioritize and to meet tight deadlines.