Treasury Manager Job in Mombasa Kenya

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. 

He/She must demonstrate high integrity and ethics with the ability to think and make decisions on the role in a prudent manner. 

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

• 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 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.