Treasury Manager Job in Mombasa Kenya

Job Title: Treasury Manager

Job Ref.:

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.
  • 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

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 (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.