MRM- Mariakani 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.
Job Purpose:
- To assess, plan and manage efficient utilisation 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 Areas of Responsibilities (but not limited to):
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 maximise availability of cash not invested.
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.
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
- Relationship with Banks and Financial Institutions
- Nurture positive relationships with financial agencies and other stakeholders.
Reporting
- Timely and accurate treasury reporting to management on a monthly basis.
The Successful Applicant Must Possess the Following:
- A Bachelor’s Degree in Finance or Accounting with the relevant professional accounting qualification (CPA/CA/CFA/ACCA etc.)
- A minimum of 5 years’ commercial experience in a treasury function ideally with a manufacturing background
- Ability to work in a team and across treasury, finance and the business
- Able to communicate effectively at all levels
- Strong understanding and knowledge of accounting principals
- Ability to work in a flexible manner