Job Description
Reporting to the Director - Group Financial Controller, the Group Treasurer is responsible for leading and providing strategic oversight on the development, implementation, and execution of corporate treasury policies. Implementing Treasury strategy that optimizes Funding, Investment and management of FX flows across the Group and ensuring a robust system of identification and proactive management of Treasury related risks.
Responsibilities
Key accountabilities and decision ownership:
Ensure production of high quality commercially driven forecasts and plans for treasury
Negotiate funding arrangements including corporate credit facilities and public and private financing arrangements, and minimize total cost of funds
Develop and maintain constructive relationships with banks
Identify opportunities in the banks for investment of excess cash on short or long term and negotiate for optimal yields rates from the market
Advise business units in the implementation, execution and analysis of corporate treasury policies
Present complex treasury issues to senior management and gain support for proposals
Provide support, advice, and guidance to personnel within the treasury function and deliver effectively in line with the policies, processes, and procedures
Apply corporate finance and funding techniques to complex transactions
Develop funding structures using knowledge of subsidiary finance requirements
Assess key treasury risks, and design and implement risk-based mitigation.
Evaluate and recommend optimal capital structure for operating subsidiaries
Ensure that foreign exchange management is in line with the Group policy
Ensure Foreign exchange policy for the company is documented and exposure limits set and agreed by Board and Group
Implement treasury policies that clearly define the Treasury operations namely for forex, cash management, banking procedures and cash forecasting that conform with best practice within the Vodafone Group
Report variances and explain them between forecast and actual cash flow to measure level of forecasting accuracy.
Manage the performance of staff in the section, define performance indicators, assign tasks, and define goals and objectives for the staff
Qualifications
Must have technical/ professional qualifications:
An Honors degree from a recognized university;
Qualified Accountant CPA (K)/CIMA/ACCA/ACA or equivalent is an added advantage;
At least 8 years' experience in a Treasury environment
At least 3 years management experience