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Treasury Accountant Job in Kenya

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. 

Ensure appropriate controls are in place and operational.

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

CLICK HERE to apply online

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