Job Title: Treasury Accountant
Reports to: Finance Manager
Purpose of Job: To manage the Treasury department of the country in
accordance with Group Treasury Guidelines and the approved company Treasury
Policies and Procedures.
Duties & Responsibilities:
1. Ensure proper management of cash
and OD facilities at all times.
- Timely and accurate cash flow forecasts
prepared.
- Maintain Bank Balances to ensure minimum cost
of borrowing.
- Optimise Funds Management, with Zero idle fund
target
- Maintain borrowing facilities and ensure
interest rates and costs are kept low.
- Monthly verification of bank interest charges
and commissions
- Synchronise Supply and Treasury Department
Commitments.
- Optimise OTS structured financing resources to
meet company’s requirements.
2. Accounts reconciliations are
performed on a timely basis and reconciling items explained and cleared
promptly.
- Ensure bank reconciliations prepared and reviewed
by 10th of each month.
- Reconciling items cleared promptly. Don’t
allow items older than 1 month.
3. Proper execution of Forex deals in
accordance with treasury policies and procedures.
- Forex purchase requirements authorized as per
Treasury policies.
- Forex Deals properly and economically executed
with proper documentation.
- Maintain Forex performance KPIs in accordance
with Treasury Score card.
- Execute hedging as per the treasury policy, an
approved hedging plan and a validated hedging procedure.
4. Proper controls over local
currency and Forex Payment s processing.
- Ensure local suppliers payments processed as
per terms and procedures.
- Ensure Forex payments are processed according
to terms, procedures and with minimum exposure.
5. Maintain up to date fit for
purpose treasury procedures.
- Review and revise the treasury Policies and
procedures.
6. Manage and maintain e-banking
systems (Straight 2 Bank and Citidirect) as per the group guidelines
- Ensure the e-banking systems are in place and
operational
7. Manage and maintain banking
mandate as per the group guidelines and Treasury Policy
- Review and ensure banking mandates are as per
Treasury policy.
8. Manage and maintain banking
relationships as per the Group Treasury guidelines and Local Treasury Policy
- Ensure banking relationships are maintained as
per the Group Treasury guidelines and Local Treasury Policy
9. Insurance / Risk management and
Treasury Business continuity plan
- Act as the company insurance focal point
- Make sure that a business continuity plan is
in place for treasury operations and act as focal point for
maintaining/updating and testing it
- Act as permanent credit vetting analyst
back-up.
10. Management and control of
issuance of customs bonds, guarantees
- Ensure issuance of bonds and guarantees on
timely basis and properly controlled.
11. Trustee of pension trust a) Carry
out fiduciary duty as trustee.
- Ensure proper communication between the
Pension fund administrators and Trustees
12. Treasury Management of JVs(SVLK).
Ensure active and effective treasury management of JVs as per the group
treasury policies and procedures.
Development targets
13 Training and development of staff
- Develop staff training plan, execute it and
maintain inventory.
Position Requirement
- 5 years’ experience of management of a Finance
Department, Experience in accounting and Finance.
- Banking experience will be a plus.
- Experience of JDE software,
- Experience of staff management, Interpersonal
skills.
- Knowledge of Retirement Benefits Act and
Knowledge of Pension and Provident Rules and Regulations.
How to Apply
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