Job Opportunity: Treasury Head position available at Repi Soap & Detergent PLC in Addis Ababa. Accounting and Finance, Business and Administration, FMCG and Manufacturing, Management jobs in Ethiopia are in high demand. Apply now through GeezJobs - Ethiopia's leading job portal.

Roles & Responsibilities 

The Treasury Head is responsible to assess, plan, monitor, manage and control the efficient utilization of cash and bank activities in a manner consistent with the objectives of the Company. Create continuous improvement environment for policies and procedures for maximum accuracy, efficiency and internal control.

Management & Cashflow planning

• Managing day-to-day cash and treasury activities in line with the Delegation of Authority, treasury policy and manages appropriate procedures, processes and internal control environment around month-end and quarter-close activity.
• Managing treasury operations and controls (cash pooling/sweeping, etc.)
• Provides advice to the Manager on all areas of cash management and investments.
• Reviews the Cash Flow requirements report to ensure funds availability to meet operational requirements.
• Evaluate, develop and implement cash management systems to control cash and bank transactions movement on daily basis.
• Understand and manage appropriate accounting procedures and processes.
• Managing relationship with Supply Chain to ensure that payments are made on schedule and on time. 
• Collect bank statements from each operational bank with every 5 days interval where online banking facility is not available or in the process to convert to online banking.
• Ensure bank advices (Credit & Debit) received from banks and booked on SAP system within the same transaction month.
• Leading the preparation, control, generates and approval process of Vendor payments (Check, CPO, Bank Transfer, internet banking, petty cash) and submit with proper control over cheque books
• Develop everyday cash position report comprising of forecasting every week cash receipts & disbursements and allocate cash for cheque payments with collaboration of Supply Chain & Sales & HR teams. Ensuring long-term cash flow and working capital requirement.
• Provide responses / reports and analytical information as requested by management, external auditors, internal auditors, or when issues are identified for further review.

Monitoring & Control

• Reviewing funding needs, monthly reporting of all treasury activities to senior management
• Monitor the interest and repayment of the borrowings, recording accruals for interest expense where required and perform reconciliation of interest from bank statement. Maintain interest calculation template to monitor the charges levied on the overdrafts daily.
• Review of bank signatories list and update the bank on change of signatories in a timely fashion where necessary.
• Manage external and internal auditor relationships with an eye towards increasing the efficiency and effectiveness of all controls.
• Prepare forecasts to project company cash positions in the short run and the near future Re-values FX denominated balance sheet accounts as required for the preparation of financial statements
• Reconciliations for balance sheet accounts are conducted as per finance policies and procedures. They are completed monthly and submitted timely to Manager for review. Reconciliation deviations are identified, reported and solved within one month of deviations being identified
• Cash book recons signed off within one week of month end. 
• Control and validate correctness of internet banking and electronic payments’ balance & process.
• Managing oversees cash reporting processes and the design/implementation of intercompany funding strategies
• Control & wisely administrate bank overdraft & saving accounts; ensure that OD is renewed on a timely basis.
• Monitoring & ensure Finance team in their day-to-day responsibilities including payment runs, invoice settlement, cash collection and Balance Sheet reconciliations.
• Monitoring & control and follow-up supplier credit, letters of credit and guarantees/ deposit liability. And managing the margins and service fee on such facilities.
• Ensure accuracy of data

Business Relation

• Evaluate, develop, and monitor banking relationships and assist in actively building and developing strong strategic relationships with strategic banks and the group.
• Promoting the organization’s banking relationships, liquidity management and other financial service providers.
• Conduct benchmark studies of banks and their services to evaluate whether they fit the company requirements and which banks provide services at economic rates.
• Coordinate request for OD facilities where necessary
• Arrange meetings with bank higher officials for the CEO and CFO
• Ensure compliance with banking sector regulations.
• Negotiate and manage debt agreements, including loans and credit facilities for the company and staff.

Forex Sourcing and Tracking 

• Participating in different trade deals in sourcing FX
• Responsible for all foreign currency requests applications and getting approval for the same. 
• Open and track the progress of LCs, CADs and TT payments.
• Ensure compliance with National Bank of Ethiopia regulations for all FX transactions (incoming transfers, outgoing payments, registration, etc) including capital registration, supplier credits shareholder/ external loan approval and registration, dividend approval and payments, etc.
• Prepare and present FX and treasury updates to group finance senior management members

People Management

• Motivate, direct, coach and develop a diverse, high performing team to meet established goals and build organizational capability. Prepare sub-ordinates KPIs and monitor their performance periodically. Periodically conducts performance appraisal of subordinates and staff to identify performance gaps or outstanding performance and take appropriate action
• Routinely train finance personnel on new efficient way of working. Continuously assess the team capability and develop training plans and execute.

Qualification

• BA degree in Accounting or Finance
• At least 8 years with a BA or MBA/ MA 6 years or ACCA with 4 years relevant experience of which at least 2 years as Treasury Head or equivalent capacity at manufacturing company or audit firm
• Hands-on experience of SAP and in depth knowledge in International Financial Reporting Standards (IFRSs) and its application.
• Expertise in SAP core treasury module (Money Market and Loans, Foreign Exchange, Interest Rate Swap, Reporting and Risk Management).
• IFRS 9 knowledge/expertise desirable.

How To Apply

Apply through Ethiojobs:- Treasury Head - Fill this this form  - https://forms.gle/M46QtqPoRmeVbttY7 or through email - hana.seyum@et.wilmar-intl.com