Fadac Resources is Recruiting For Treasury Manager

Job Responsibilities

• Oversee the treasury affairs of the business and ensure they are legal, constitutional and within accepted accounting practice.
• Monitor and report on the financial health of the business.
• Assist and provide adequate support to the Head of Finance with respect to fund raise, custody of funds, utilization of funds and safety of cash assets.
• Supervises, motivates and leads teams by identifying roles and providing guidance on service output and quality
• Provide insight and guidance contemporary Accounting and reporting issues
• Ensure effective and efficient use of resources.

Treasury Operations:

• Supervise all incoming and outgoing banking transactions on behalf of the company
• Recommend and implement necessary controls and policies to safeguard cash assets of the business (covering receipt, custody and disbursement of cash and other financial information)
• Coordinate the process of fund raise and provide all required information in conjunction with the Financial Adviser
• Review statements and provide advice on issues pertaining to business finance
• Advice the business on changing macro & micro economic indices and contemporary financial regulations as may be applicable to the business.
• Ensure appropriate working capital is available to run day to day activities of the business
• Oversee vendor payment systems in line with agreed payment terms.
• Advice the business regarding investments and loans
• Liaise with relevant partners and management team to ensure the financial viability of the organisation.
• Oversee the process of deployment of POS to all outlets
• Ensure proper reconciliation of sales proceeds and implement necessary controls to ensure sales proceeds are fully remitted to the company accounts (cash, mobile money operators, POS and other payment channels)
• Ensure proper filing and safe keeping of financial records.
• Ensure proper records are kept and that effective financial procedures and controls are in place covering but not limited to the following
• Prepare/provide information required for monthly and quarterly cashflow forecasts.
• Maintain the petty cash system and regularly process petty cash claims.
• Regularly carry out reconciliations/ oversee regular reconciliations of all bank account and ensure timely resolution of all reconciling items.
• Make the necessary arrangements to collect payments from debtors and bank payments promptly.
• Prepare, quarterly and yearly reportsto regulatory bodies i.e.SEC on fund utilization (when necessary and where applicable)
• Ensure all treasury transactions are posted timely and reconciliation of GL and sub -GL accounts.
• Ensure vendor cheques are confirmed timely to banks.
• Perform and document periodic risk assessmentfor treasury unit and work with Internal Control on updating risk register.
• Ensure proper records are kept and that effective financial procedures and controls are in place, i.e. Records of cheque signatories
• Signing limits
• Petty cash/ float
• Salary payments
• Pensions
• PAYE and other regulatory payments
• Vendor payments
• Capital expenditures

Regulatory Compliance:

• Establish reporting procedures and ensure compliance with regulatory guidelines
• Ensure that appropriate finance systems are maintained and that all procedures/controls are implemented
• Ensure that all accounting records are in compliance with the approved policies and accounting standards
• Oversee the proper maintenance of the organisation’s accounting records and ensure compliance with tax and taxation agencies, including all other statutory and regulatory requirements
• Ensure timely remittance of all statutory deductions to the relevant bodies (e.g. pension and taxes) and manage the interface between the Organisation and its external auditors.

People Development:

• Ensure that direct reports are suitably motivated by providing them with: a sense of achievement, responsibility for decision making and recognition of achievement
• Directly responsible for the development of direct reports, support in competence and career Management

Key Performance Indicators:

• Provision of Daily cash report
• Provision of Timely Bank Reconciliation Report devoid of long outstanding reconciling items
• Accuracy of treasury reports, fund balances etc
• Ratio of investment income to idle cash
• Time taken to create month-end accounting journals for all treasury transactions
• Accuracy of cash forecast
• Rate of compliance with internal controls especially on payments
• Accuracy of forecasted investment income
• Timely provision of audit requirements (external and internal)

Job Requirements

• A good first degree in Accounting or Banking & Finance
• Possession of a Postgraduate degree in Accounting/Business Administration or related field is an added advantage
• Minimum of 8 years in Audit or core Finance role with at least 3 years in Management capacity.
• Membership of the ACCA, ICAN, CIS or any other related professional qualification is required.
• Knowledge of financial reporting and analysis
• Knowledge and experience of fundraising finance practice
• Knowledge of capital markets, accounting and business finance
• Knowledge of relevant Software Application
• Industry Knowledge
• Numerical Analysis
• Knowledge of Financial Analysis & Interpretation and reporting
• Knowledge of Cash Management Principles
• Knowledge of banking systems and processes
• Knowledge of Risk Management