Job Description
The position falls under the Finance Department and will report to the Finance Manager. The main responsibilities are cash flow management, establishing and maintaining relationships with banks, forecasting cash needs, evaluating investment opportunities to maximize returns, continuously seeking opportunities for process improvement, playing a vital role in maintaining financial stability and supporting strategic financial decision-making.
Key Duties & Responsibilities
Cash Management
- Daily cash flow planning ensuring funds availability to meet operational requirements.
- Predicting future cash needs based on historical data, current financial activities, and upcoming obligations to ensure the organization has the necessary funds.
- Providing accurate and timely financial reports on treasury activities, including cash positions, investments, and debt levels.
- Provide advice to management on all areas of cash management and investments.
Oversee Cash Book
- Daily bank uploads of statements into ERP.
- Daily clearing of general ledger accounts for payments and receipts.
- Daily reconciliations of cash and bank and highlighting of reconciling items to credit control and accounts payable.
- Preparation of monthly cash book reconciliation.
- Cash book recons signed off within one week of month end.
Investment, Debt & Risk Management
- Evaluate and recommend short-term and long-term investment opportunities to maximize returns on excess funds while considering risk tolerance.
- Oversee the organization’s debt portfolio, including issuing and repurchasing debt securities, managing loan agreements, and ensuring compliance with debt covenants.
- Identify and mitigate financial risks related to currency fluctuations, interest rate changes, and other market conditions that may impact the organization’s financial stability.
- Provide accurate and timely financial reports on treasury activities, including cash positions, investments, and debt levels.
Bank Relationship Management:
- Establish and maintain relationships with banks and financial institutions, negotiating terms, and coordinating banking activities.
Maintain Policies and Procedures
- Administer and support the execution of internal audits.
- Execute drafting and implementation of new policies.
- Maintain and communicate financial policy updates.
- Prepare working papers and schedules in support of month-end and year-end cash management and treasury activities.
People Management and Development
- Manage the team daily
- Conduct performance reviews and coaching of team
- Manage employee relations within the team
Skills, Experience & Education
- Relevant Degree in Finance or Equivalent of CIMA/ACCA/ZICA
- Minimum of 3 years of Treasury Management experience.
Click here to apply: https://ccba.erecruit.co/candidateapp/Login
