Share this job SVGs not supported by this browser. Description Job Purpose : To manage the Treasury & Credit department of the country in accordance with Group Guidelines and the company’s approved Treasury & Credit Policies and Procedures, ensuring appropriate controls are in place and fully operational. The role also oversees the monitoring and payment of growth projects (Capex) and operational expenditures (Opex), while ensuring close follow-up of the working capital balance between inflows and outflows, acting as the guardian of the company’s working capital. Principal Accountabilities Treasury 1. Ensure proper management of cash and OD facilities at all times. - Timely and accurate cash flow forecasts prepared. - Maintain Bank Balances to ensure minimum cost of borrowing. - Optimise Funds Management, with Zero idle fund target. - Maintain borrowing facilities and ensure interest rates and costs are kept low. - Monthly verification of bank interest charges and commissions. - Synchronise Supply and Treasury Department Commitments. - Follow up of Bank guarantee and LC with bank. 2. Accounts reconciliations are performed on a timely basis and reconciling items explained and cleared promptly. Once bank reconciliations finalized by FC, Treasurer should: - Review the bank reconciliation report. - Provide Banking Information and detailed Statements. - Assist with clearance of unreconciled items by obtaining details of transactions from banks. - Clear all items older than 1 month. 3. Proper execution of Forex deals in accordance with treasury policies and procedures. - Forex purchase requirements authorized as per Treasury policies. - Forex Deals properly and economically executed with proper documentation. - Maintain Forex performance KPIs in accordance with Treasury Score card. - Execute hedging as per the treasury policy, an approved hedging plan and a validated hedging procedure. 4. Proper controls over local currency and Forex Payments processing. - Ensure local suppliers payments processed as per terms and procedures. - Ensure Forex payments are processed according to terms, procedures and with minimum exposure. 5. Maintain up to date fit for purpose treasury procedures. - Review and revise the treasury Policies and procedures. 6. Manage and maintain e-banking and Mobile banking systems (Bank online, MTN Money Orange Money etc) as per the group guidelines - Ensure the e-banking and Mobile banking systems are in place and operational where it is possible with the group support. 7. Manage and maintain banking mandate as per the group guidelines and Treasury Policy - Review and ensure banking mandates are as per Treasury policy. 8. Manage and maintain banking relationships as per the Group Treasury guidelines and Local Treasury Policy - Ensure banking relationships are maintained as per the Group Treasury guidelines and Local Treasury Policy. 9. Insurance / Risk management and Treasury Business continuity Plan - Act as the company insurance focal point. 10. Management and control of issuance of customs bonds, guarantees - Ensure issuance of bonds and guarantees on timely basis and properly controlled. 11. Training and development of staff - Develop staff training plan, execute it and maintain inventory. Credit Controller 1. Timely Order processing (including payment plans) and delivery to customers on time - Strict adherence to credit policy and MoA on order processing. - Release/escalation of orders on hold within 4 hours. - Advice to the business on solutions such as application for additional credit; seeking security/guarantee from customers etc for regular cases of held orders. - Vet payment plans agreed with customers and monitor to ensure compliance. 2. Proactive Credit Exposure Management - Accompany sales teams on periodic Clients on site visits, reporting in groove and follow up on issues identified. - Proper management of securities/guarantees, valuation, and monitoring of expiry dates. - Follow up on overdues with client and business focal points. - Ensure timely resolution of customer disputes. 3. Credit Performance Management - Ensure timely advise of agreed DSO and %overdues to the OU. - Monthly monitoring to track actual performance against targets on credit KPIs. - Collate commentaries on DSO and %overdues to explain off target performance. 4. Debt Collection - Early warning report to business managers (by 25th) on invoices due for collection at month-end. - Follow up and provide necessary reports required for timely debt collection. - Recommend and follow up the charging of interest on overdue debts. - Support customer account reconciliation which may be required in order to facilitate debt collection. 5. Bad debt Management - Timely generation of report on provisions, ensure approval as per MoA and engage FC to ensure proper booking in SAP. - Direct engagement with debt collectors and Legal to ensure that bad debts are followed up and collected. - Ensure timely write-off of debts where collection effort has been exhausted and there is no chance of recovery, as per policy. 6. Timely OU Credit MI Reporting - Prior to implantation of BI Oracle, timely submission of SAP downloads to the central MI focal point for consolidation. - Ensure working knowledge of BI Oracle, to meet the credit MI needs of the OU. 7. Run local Credit committee meetings - Organise CoB and LCC meetings every month, track actions agreed and monitor to ensure implementation. - Generate and circulate all credit reports required for these meetings. 8. Securing the trade receivables - Assess exposure associated with debts given by the organisation and put in a request for credit insurance where required. 9. A/R Audits - Provide information/reports required by auditors on any audit exercise being conducted by the OU. - Respond adequately to audit findings and follow up to ensure implementation of actions agreed within set deadlines. - Ensure that A/R Controls are in place and being applied. 10. Credit data base Management - Periodic review of customer data base. - Conduct data integrity audits. - Review and remove inactive accounts from the system. - Monthly review of A/R SAP KPIs to ensure compliance. 11. Close coordination of credit projects implementation - Effective participation in credit projects initiated both by OU and central teams. 12. Timely reporting of credit issues to central team - Effective participation in central monthly credit team telecons and ensure implementation of agreed actions. Key Challenges Compliance with company policies and procedures. Accurate and timely financial forecasting and reporting. Optimization of fund management and minimization of borrowing costs. Effective execution and documentation of financial transactions. Management of banking relationships and systems. Proactive credit exposure management and debt collection. Training and development of staff. Coordination and compliance with audits and risk management procedures. Requirements Job Knowledge, Skills & Experiences : Bachelor's degree in Finance, Accounting, or a related field Minimum of 5 years of experience in treasury and credit management Strong understanding of treasury operations, cash management, and credit risk management Proficient in using treasury management systems and financial software Excellent analytical and problem-solving skills Strong communication and interpersonal skills Ability to work in a fast-paced and dynamic environment Knowledge and experience in the use of accounting packages. Integrity and honesty plus high level dedication to resolve issues unsupervised. Competencies: Financial management Analytical skills Risk management Compliance and regulatory knowledge Negotiation skills Communication and interpersonal skills Problem-solving skills Leadership and team development Attention to detail Strategic planning and execution Apply for this job