Senior Manager - Treasury & Credit Jobs in Kenya

Reporting to CFO, the Finance Manager - Treasury & Credit will be responsible for Managing Group Liquidity including evaluation and design of cash management strategies and procurement of cash management solutions in support of the Business Financial Reporting and ensuring the company achieves its objectives of collecting outstanding monies within the set KPIs, reducing overall debtor days and minimizing the risk of unmanageable debt.

  • Cash Flow and Liquidity Management
  • Forex Hedging
  • Banking Facilities Review and Management
  • Supplier financing set up and arrangement
  • Credit processing and approvals,
  • Collection of outstanding debt within the set KPIs,
  • Review and approval of In-House Financed
  • Deals and following up to ensure collection,
  • Preparation of AR Reports and highlighting exceptions
  • Regular review and updating of Credit Control SOPs and Policies


    Cash Flow and Liquidity Management:

  • Prepare cash flow forecasts and build early warning signals to ensure cash equilibrium is maintained at all times. Continuously monitor bank balances and optimize effective utilization of funds and at optimal costs.
  • Forex Hedge - To assess foreign currency exposure of business units on an continuous basis and ensuring adequate hedge process in place in consultation with management and Group treasury.
  • Banking facility review and management - Identify and initiate fund based and non-fund based banking facility requirements for the business units with group treasury as per business plan and reviews.
  • To ensure banking faculties of the Automotive Division are optimally utilized, by minimizing cost of funding.
    Supplier re-financing set up arrangement
  • To ensure timely opening of import letters of credit as per automotive principal requirements and based on purchase plans of the business.
  • Continuous monitoring of inbound shipments and effect payment on due date to ensure uninterrupted supply chain. Advise business units on bank guarantee requirements of the business units and ensure timely action.
  • To ensure all principal vendor payments are accounted and validate the SAP inbound processes are completed by the business correctly and principal vendor accounts are reconciled at all times.
  • Ensure inventory accounting is complete and accurate including Goods in transit accounting.
  • Credit processing and approvals – authorize
    credit limits for customers as per DOA ensuring that the limits are defined in the ERP and followed by the business.
  • Collection of outstanding debt within the set KPIs, - Ensure timely and accurate receivables and collections reporting including, but not limited to, cash collections, credit card collections and forecasting and DSO calculations. Involve the sales team in risk management and collection of overdue payments, providing them with appropriate information (customer account balance, solvency, etc).
  • IHF Review and approvals – conduct evaluation of all IHF (In-house Financed Deals) applications and follow up ensuring that the payments are done on time within the approved limits.
  • Preparation of AR Reports - preparation of weekly and monthly outstanding reports and escalating unresolved issues. Additionally, weekly collection targets highlighting any exceptions.
  • Regular review and updating of Credit Control SOPs and Policies - Contribute to the development/refinement of credit strategy, policy and processes.

    Minimum Qualifications and Knowledge:

  • Over 10 years of PQE experience 3 of which must be in a busy Treasury Function
  • CPA (K) and BA in Finance/Accounting
    In-depth knowledge and understanding of liquidity management
  • Very strong excel & accounting knowledge
  • Good interpersonal & organization skills & analytical mind and with a keen eye for detail.

    Application Instructions

    Email a copy of your CV and Cover Letter to
    Ensure you indicate your current or past monthly salary in your cover letter

    NOTE: Please DO NOT apply using the apply online button. Apply to the email address mentioned above ONLY!
    CLOSING DATE: 9th July 2018

    For more information and job application details, see; Senior Manager - Treasury & Credit Jobs in Kenya

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