Review budgeted cash flow forecasts monitor ongoing liquidity requirements across the organization and its companies, and propose any improvements
Ensure timely update of cash actualization and cash flow forecast using the data from the banks and download into the Oracle application
Perform the cash flow actual for comparison to forecast utilizing data on actual revenue cash receipts, revenue expenses, and capital expenditure captured accurately.
Perform timely and accurate monitoring of all payments made to the bank via the electronic payment solution and ensure charges levied are as per contract terms with the solution provider
Invest in a centralized cash pool daily/overnight in the money market in line with the group Treasury policy
Explore techniques (Available options) and potential sources of funding to finance business plans, and enhance internal knowledge by educating staff in the organization
Ensure capital structure is aligned with both business and financial strategy.
Provide information requirements needed to maintain good investor relationships
Analyze and interpret all financial risks and employ measures to mitigate them. With a specific focus on:
Interest Rate Risk
Foreign Exchange Risk
Counterparty Risk (Bank risk assessments)
Carry out an annual review of group Treasury policy (a) to ensure full alignment with Safaricom group policy and (b) to strengthen or reformulate the policy if necessary (based on operating feedback)
Ensure divisional/departmental policies and procedures, systems, and controls are always updated and aligned with group treasury policy
Ensure that all treasury transactions are timely and accurately recorded.
Liaise with business units and FBPs on (a)major funding issues (b). EHOD and CFO on critical projects (c) Vodacom Group Treasury and (d) Relevant external stakeholders as required.
Implement treasury policies that clearly define the Treasury operations namely for forex, cash management, banking procedures, and cash forecasting that conform with best practices within the Group
Ensure and monitor the adherence to the laid down procedures for approval of the transactions, generation of payments, checking, and transfer of the electronic files are strictly adhered to, and report any breach of any part of the process to management. This should cover the application IT security policy requirements
Preparation of cash forecast on an agreed periodic basis and approval by Financial Management
Report variances and explain them between forecast and actual cash flow to measure the level of forecasting accuracy
Offer governance and oversight of the dividend payment process on the share registrar together with the bank that has been contracted to offer the service
Identify treasury issues within M&A and other projects, recommending commercially viable solutions
Manage the performance of staff in the section, define performance indicators, assign tasks, and define goals and objectives for the staff to develop the skill base of the staff assigned, motivate, discipline, and recommend reward of staff.
Knowledge of financial and regulatory environment and exchange control.
Knowledge of company law- legal agreements, loans, bank facilities, share purchase agreements, etc.
Ability to interpret accounting policies and financial statements
Knowledge of investment portfolio strategy, banking, and financial instruments
Knowledge of tax (Local and cross border)
Knowledge of governance and compliance procedures.
Understanding derivatives.
Advanced analytical, organization, and interpersonal skills.
Excellent collaboration, verbal, and written communication skills.
Able to break down problems into meaningful parts and come to rational and well-thought-out conclusions.
Demonstrated strong project management skills.
Attention to detail and accuracy.
Interested in process improvement.
Willing to adapt quickly to quick changes in direction.
Internally motivated to seek out answers, generate ideas, and develop new skills.
