Finance Manager- Treasury

Department:

People & Change Kenya

Job type:

Permanent

Closing date:

25-Nov-16

Location:

Nairobi

Reference Number:

130-PEO00700

The Company

Our Client, a leading player in the East African motor industry is seeking to recruit individuals with excellent leadership, analytical, interpersonal, planning and organizational skills, as well as a good understanding of IFRS and ERP systems to help the company drive the achievement of its strategic objectives and fulfill its vision and mission.

Job Purpose

Reporting to the Finance Director, the Finance Manager - Treasury will be responsible for Managing Group Liquidity including evaluation and design of cash management strategies and procurement of cash management solutions in support of the Business. Financial Reporting

1. Cash Flow and Liquidity Management
2. Forex Hedging
3. Banking Facilities Review and Management
4. Supplier financing set up and arrangement

Roles & Responsibilities

- Cash Flow and Liquidity Management:
Prepare cash flow forecasts and build early warning signals to ensure cash equilibrium is maintained at all times. Continuously monitor bank balances and optimise effective utilisation of funds and at optimal costs.
- Forex Hedge - To assess foreign currency exposure of business units on an continuous basis and ensuring adequate hedge process in place in consultation with management and Group treasury.
- Banking facility review and management - Identify and initiate fund based and non-fund based banking facility requirements for the business units  with group treasury as per business plan and reviews. To ensure banking faculties of the Automotive Division are optimally utilized, by minimizing cost of funding.
- Supplier re-financing set up arrangement
To ensure timely opening of import letters of credit as per automotive principal requirements and based on purchase plans of the business. Continuous monitoring of inbound shipments and effect payment on due date to ensure uninterrupted supply chain. Advise business units on bank guarantee requirements of the business units and ensure timely action.
To ensure all principal vendor payments are accounted and validate the SAP inbound processes are completed by the business correctly and principal vendor accounts are reconciled at all times. Ensure inventory accounting is complete and accurate including Goods in transit accounting.

Experience/ Skills Set

• Over 10 years of PQE experience 3 of which must be in a busy Treasury Function
• CPA (K) and BA in Finance/Accounting
• Indepth knowledge and understanding of liquidity management
• Very strong excel & accounting knowledge
• Good interpersonal & organization skills & analytical mind and with a keen eye for detail.

If you believe you fit the required profile, please login and submit your applications in confidence by Friday 25 November 2016. In addition, please attach your curriculum vitae with details of your qualifications, experience, present position, current remuneration, expected remuneration as well as copies of professional and academic certificates. While applying, quote the title of the position you are applying for and include your day and evening telephone numbers, email address and names and address of three referees.

Only applications received online will be processed and only shortlisted candidates will be contacted.

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