About the Organization:

VisionFund Micro Finance Institution (S.C) is an Institution established according to proclamation No. 40/96 to provide financial services to the productive poor in the rural and urban areas of Ethiopia. VisionFund is currently operating in five of the Regional States of the country. VisionFund MFI is currently looking candidates for the position of Treasury Division Manager based at the Head Office. The successful candidates will have skills and experience that meet the following requirements:

JOB SUMMARY

Treasury Division Manager is responsible for assessing, monitoring, planning and managing the efficient utilization of cash and financial resources in a manner consistent with the objectives of VisionFund MFI. She/He works closely with the Director, Finance Department by providing business insights, comprehensive analysis and advice. Furthermore, the Treasury Division Manager is responsible for implementation to ensure proper liquidity management and risk-weighted returns and oversee all aspects of the company’s cash flow, including investments, loans, and other sources of funding. He/she prepares the cash flow plan, manages the receipt and disbursement activities.

1. Major Duties and Responsibilities:

1.1. Treasury Activities

• Analyzing financial markets to identify trends in interest rates, inflation rates, or other factors that may affect VisionFund MFIs earnings or capital requirements;

• Analyze liquidity position of VisionFund MFI utilizing various techniques such as cash flow forecast, maturity gap analysis, financial ratios and a variety of ‘what if’ scenarios;

• Compare and contrast the actual performance vis-à-vis the forecast and report to the ALCO; periodically;

• Responsible for understanding, managing, and supervising all aspects of liquidity ratios in accordance with VF MFI expectations and best practices; 

• Ensure monthly ALCO/ALM report is prepared & communicated and ensure timely ALCO Committee meeting is held;

• Assess the maturity of Assets and Liabilities and aging of accounts receivable & Accounts payable and settlement accordingly;

• Establishing and maintaining relationships with banks and other financial institutions to ensure that VF MFI has an adequate supply of funds available when needed and to secure favorable interest rates;

• Advise finance department, management and take an active role in developing long-term and short-term investment and funding needs strategies; 

• Monitor investments and borrowings to ensure that adequate liquidity is available to meet withdrawal demands and the growth of loans and investments;

• Ensure funds in excess of liquidity and reserve requirements are monitored;

• Ensure the management of settlement risk;

• Plans and executes supply of funds to and off-take of funds from branches and submits periodic reports;

• Regularly review and recommend in order to sets branches’ cash holding limits, standing instructions and signatory limit and ensure compliance with the limits;

• Ensure excess cash holdings are promptly deposited to the MFIs bank account or if any unmanageable reported to Treasure Division Manager;

• Monitor the fulfillment of the MFIs and statutory reserve and liquidity requirements and ensures that always as per expectation & required;

• Advise & recommend short term investment opportunities for excess liquidity proactively;

• Ensure that periodic liquidity reports are submitted to management & ALCO committee;

• Make analysis of the maturity distribution and the amount of funds that will be available;

• Ensure sufficient funds is available to meet maturing payment obligations and when applicable – ATM and payment & settlement account for digital payments;

• Recommend to open and close bank accounts. Administer all bank accounts, including new accounts, new signers and maintain clear records internally;

• Review for authenticity and accuracy the request and release of bank transfer requests;

• Ensure reports on the status of VF MFI cash flow forecasting, actual cash flows and liquidity position are prepared in order to measure the performance of VF MFI treasury function by linking with financial position, profitability, cash flow and capital structure; 

• Ensure all internal policies & procedures and Government laws & regulations related to Treasury management are implemented accordingly;

• Regularly review and maintain treasury policies & procedures and recommend on need of policy changes to investment, liquidity management, interest rate risk, cash forecasting strategy and etc. based on market/business conditions and ensure proper cash management systems are in place to maximize efficiencies;

1.2. Staff Management

• Manages, supervises, leads, guides and supports the staff of the Treasury & Budget Division;

• Ensures the development of key technical skills of direct subordinates to increase their capacity to develop and undertake major initiatives and assume larger responsibilities to further expand operational impact and sustainability;

• Completes all performance management activities including: performance planning, monitoring, and performance appraisals of staff reporting to him/her

• Regularly mentor and coach subordinates to develop capacity based on evaluation

1.3. Reporting and Others

• Submits periodic reports to the Accounts and Finance Department Director on the work of the Treasury function as stated above, but not limited;

• Performs other duties as assigned by immediate supervisor

Job Requirements

• MA/MBA//BA Degree in Accounting/Finance or related fields.

• A minimum of 7/9 relevant work experience in Microfinance and or Banking Industry.

• Minimum 4 years of senior/middle management experience in managing Treasury

• Experience in a managing teams/unit

• Experience in delivering high standard/quality of service and timely report

3. Terms of employment: Permanent

4. Salary & Benefits:    Negotiable and Attractive salary with benefit package

5. Closing Date:  February 3, 2024

How to Apply

Candidates who fulfill the above requirements can send the application letter, updated curriculum vitae with names and addresses of up to 3 references and non-returnable copies of credentials to VFE_Vacancy@wvi.org or in person to VF MFI SC Head Office located Gerji Mebrat Haile infront of Mulmul Dabo or P.O.Box 31478

Women applicants are highly encouraged to apply!

Note: -   Only short listed candidates will be contacted for subsequent assessment