Job
Title: Treasury
Manager
Job Ref.: MRL-277642
Location: Mombasa
The company is seeking to recruit a Treasury Manager with the ability to build a high performance team who can operate productively efficiently with minimal supervision.
Job Ref.: MRL-277642
Location: Mombasa
The company is seeking to recruit a Treasury Manager with the ability to build a high performance team who can operate productively efficiently with minimal supervision.
This position routinely reports to the Finance Manager with an
additional reporting line to the CEO.
Overall
Purpose of the Position
- To
assess, plan and manage efficient utilization of cash and financial
services in a manner consistent with the objectives of the Company.
- To
monitor current and projected cash inflows and outflows to ensure that
there is sufficient cash to fund company operations, as well as to ensure
that excess cash is properly invested.
- Engage
in considerable prudence to ensure existing assets are safeguarded through
the use of safe forms of investment and hedging activities
Key Performance Areas
Cash Forecasting
Cash Forecasting
- Prepare
and monitor 6 months cash flow forecasts including daily cash requirements
and execute daily financing decisions.
- Prepare
actual cash flow against projected; analyse and report variances.
- Understand,
manage, and supervise all aspects of cash flow daily.
Working Capital Monitoring
- Effective
management and monitoring of Cash, Inventory, Accounts Receivable and
Accounts Payable to improve on cash flow/ liquidity.
Cash Management
- Monitor
daily cash/bank account position. Manage shortfalls, inform Finance
Manager of requirements on a daily basis and push for collections/arrange
funds.
- Manage
cash to maximize availability of cash not invested.
- Evaluate,
develop and implement cash management systems to optimize efficiencies.
- Attend
scheduled meetings with banks to plan cash management.
Investment Management
- Analyse
on cost benefit of proposed investments before making decisions.
- Understand
and assess risk verses returns of all investment before making any
decision.
- Follow
Investment strategies as per group guidelines.
- Control
and mitigate risk while seeking to optimize portfolio returns.
- Manage
all aspects of in-house investment portfolios.
- Review
and recommend changes to the investment policies based on the market
conditions.
Fund Management and Tie Up
- Ensure
funds are available on maturity of loans.
- Ensure
zero default on statutory payments/financial obligations.
Foreign Exchange Risk Management
- Continuously
monitor foreign exchange movement and risks the company is exposed to and
measure the net exposure of the company on a weekly basis.
- Hedge
transaction risks based on best financial products available from the
banks.
- Follow
group guidelines on Forex Exchange management.
- Measure,
monitor, control and reporting interest rate exposures as well as manage
interest rate risk.
Relationship with Banks and Financial Institutions
- Nurture
positive relationships with financial agencies and other stakeholders.
- Ensure
zero default on financial commitments.
- Obtain/renew/revise
working capital facilities, including cost of borrowing.
Reporting
- Timely
and accurate treasury reporting to management on a monthly basis.
- Provide
financial information to banks as per agreements.
- To
monitor and review status using QlikView web portal
Minimum Qualifications and Experience Requirements
- A
degree in Finance
- A
fully qualified accountant with CPA (K), CFA, ACCA, CA
- Proficiency
in SAP ERP FI, CO modules preferred
- 7-10
years’ experience in a similar role
- Experience
in the manufacturing industries will be an added advantage
Benefits
The organisation subscribes to market-related remuneration.
The organisation subscribes to market-related remuneration.
The
Remuneration for this position will be commensurate with the applicant’s level
of experience and qualifications.
Qualified applicants should submit a comprehensive CV, together with a covering letter supporting the application, to brecruited2015@gmail.com (Subject of the email should be the title of the POSITION APPLIED FOR + JOB REF)
Please note that only short-listed candidates will be contacted.
Qualified applicants should submit a comprehensive CV, together with a covering letter supporting the application, to brecruited2015@gmail.com (Subject of the email should be the title of the POSITION APPLIED FOR + JOB REF)
Please note that only short-listed candidates will be contacted.
