Required to manage the accurate postings of treasury/cash and Bank transactions and ensure compliance with the approved processes and policies.
Have overall responsibility for the petty and regional cash operations to ensure effective day to day running of the business.
Effectively partner with Revenue Operations, Accounts Payable, Corporate Sales, Retail etc. to identify needs and develop solutions to improve financial and process performance and maintain relationships with key internal and external business partners.
Responsibilities
Tactical:
Review and develop Treasury processes and policies and ensure operational controls and standards are adhered to on a daily basis
Identify Opportunities to automate and streamline treasury processes
Manage the overall process and cost of collecting cash collections and banking for the business.
Manage, co-ordinate and control the cash operations and administration of cash advance and petty Cash
Operational:
Ensure all lodgments, payments and fund management journals are accurately captured on accounting systems (GL, TABs, ERP etc.)
Provide monthly report on bank charges with commentary on variances
Manage petty cash and cash advances to staff in line with approved policy and ensure safety of the cash
Manage Treasury operations month end financial reporting closure activities
Implement and ensure compliance with internal controls, policies and procedures on a daily basis
Complete special projects as required to ensure continuous improvement of processes.
Ensure posting of payments received from Accounts Payable
Review, analyze and verify charges and commissions/interest posted by the banks
Manage the bank guarantee book to ensure minimum losses to the company
Qualifications
Degree in a relevant discipline from a recognized university.
8 - 10 years' work experience which includes the following: track record of 3 years or more; with at least 3 years in relevant sector/ industry
Membership of Professional association (CIMA, CFA, ACCA, ICAN, etc.).
Worked across diverse cultures and geographies advantageous
Understanding of risk management practices, financial market instruments and regulatory requirements in a Commercial bank/ Multinational Company
Knowledge in Back office support for a corporate Treasury
Extensive experience in liquidity management and accounts payable settlement
Knowledge of investment portfolio strategy, banking, and financial instruments.
General knowledge of GAAP and SEC reporting requirements for investments and other financial instruments.
Banking operations and Trade financing
Conversant with up to date treasury products, policies and accounting rules
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