Senior Accounting Specialist Treasury 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.

 Responsible for managing accounts payables & receivables (AP/AR) in a professional and knowledge.

Duties and Responsibilities

• 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.

• 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.

• 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 advice (Credit & Debit) received from banks and booked on SAP system within the same transaction month.

• Responsible for all foreign currency requests applications and getting approval for the same. Along with foreign currency loan requests to National Bank of Ethiopia.

• 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.

• Monitor and ensure daily the deposit of the sales proceeds.

• Monitor the repayment of the borrowings. Monitor the interest of the borrowings, recording accruals for interest expense where required and perform reconciliation of interest from bank statement

• Managing oversees cash reporting processes and the design/implementation of intercompany funding strategies

• Control & wisely administrate bank overdraft & saving accounts. Along with its timely renewal.

• 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 all the sales are timely recorded into the SAP system.

• Update the price changes and ensure timely uploaded into the SAP system.

• Cross check the Z-report showing POS sales and the SAP sales.

• Ensuring the customer aging report are properly maintained and cleaned as and when the cash collection occurs on a daily basis / weekly.

• Ensure customers’ subsidiary legers are maintained appropriately and continuously reconciled. Send confirmations where necessary.

• Blocking of the customers in SAP system when the credit period expires.

• Review and approve journal entries for accuracy to ensure the integrity of the general ledger 

Job Requirements

Qualifications:

• MBA/BA Degree in Accounting, Accounting and Finance or related field of study.

• A minimum of 6/8 years of relative experience or ACCA with 4 years of experience of which 2 years as Accounting Specialist -Treasury or equivalent capacities at manufacturing company or audit firm

• Hands-on experience on SAP and In-depth knowledge in International Financial Reporting Standards (IFRSs) and its application.

• Good knowledge of the Ethiopian Tax regulations

 Competencies:

• Knowledge of SAP FICO & SD applications

• Skilled in performing accounting procedures; preparing and maintaining accurate records; compiling & preparing financial reports

• Ability to maintain a high level of confidentiality, data and draw logical conclusions and define accounting problems and recommend solutions

• Ability to organize work and set priorities to meet deadlines

• Extensive experience in preparing cash forecasts, cash flow analyses and liquidity management.

• Experience in building complex financial models to evaluate various financial plans.

• Expertise in SAP core treasury module (Money Market and Loans, Foreign Exchange, Interest Rate Swap, Reporting and Risk Management.

• SAP implementations in treasury, Banking, Cash Management.

• Experience in Receivables Management (Collections, dispute and credit management) desirable.

• FRS 9 knowledge/expertise desirable

How to Apply

Register using the following LINK

Note: Specify the position and JOB ID in the cover letter!