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.)
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Prepare the working capital forecast on a weekly basis to ensure we have enough liquidity for operational requirements.
Execute cash management systems to control cash and bank transactions 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
Provide responses / reports and analytical information as requested by management, external auditors, internal auditors, or when issues are identified for further review.
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.
Prepare forecasts to project company cash positions in the short run and the near future
Reconciliations for balance sheet accounts are conducted as per finance policies and procedures. They are completed monthly and submitted timely to Treasury 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 administer bank overdraft & saving accounts; ensure that OD is renewed on a timely basis.
Maintain existing relationships with our banks.
Coordinate request for OD facilities where necessary
Arrange meetings with bank higher officials for the CEO and CFO, where necessary
Ensure compliance with banking sector regulations.
Responsible for submitting foreign currency requests applications and tracking status of foreign currency requests, such as 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 the treasury updates to group finance senior management member
Manage the Payment Accountants and Cashier to ensure that the day-to-day operational tasks are complete.
Contribute to the development of SOPs when requested.
