Job Description

About Us

Safaricom Telecommunications Ethiopia Plc is a company supporting Ethiopia’s digital transformation. As a member of the Vodacom family, we have a wealth of experience connecting over 334 million people globally and over 180 million people in Africa across our network. We look forward to partnering with Ethiopians as we build a new network in Ethiopia.

We are pleased to announce the following vacancy for Executive Head of Treasury within the Finance Function in Ethiopia. In keeping with our current business needs, we are looking for a person who meets the criteria indicated below.

Detailed Description

Reporting to the Chief Finance Officer, the role holder will efficiently management of cash, funding and financial risk across the Group companies in line with approved policies. This includes secure investment of cash resources as well as providing or securing the financial resources required by the company and its subsidiaries to meet their business objectives in a timely, cost efficient and secure manner. Efficiently management of all treasury operations including forex and cash management; ensuring the company has the best banking products and services for its operations; responsibility for all banking relationships as well as accurate cash flow forecasting. Ensure the payment processes for the company is in line with the regulatory requirement and the integrity of the payment process is maintained by all parties involved in the process.

Job Responsibilities

• Review budgeted cash flow forecasts and monitor ongoing liquidity requirements across the organization and its companies
• Invest centralized cash pool daily/overnight in money market in line with Group Treasury policy
• Explore techniques (available options) and potential sources of funding to finance business plans
• Ensure that funding sources are both diversified and compliant from a regulatory and treasury policy; build and maintain relationships with banks and other lenders
• 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. With specific focus to:
• Interest Rate Risk
• Foreign Exchange Risk
• Counterparty Risk (Bank risk assessments)
• Manage banking relationships with our local and international bankers, and with the National Bank of Ethiopia.
• Carry out an annual review of company 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) SLT and CFO on critical projects (c) Safaricom 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 practice within the Safaricom 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 agreed periodic basis and approval by Management
• Report variances and explain them between forecast and actual cash flow to measure 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 and develop the skill base of the staff assigned, motivate, discipline and recommend reward of staff.

Job Requirements

Requirements

• Business related degree with an Honors degree from a recognized university.
• Qualified Accountant ACCA/ACA or equivalent would be an added advantage.;
• 8 years accounting, banking or treasury experience preferably in an international company
• At least 3 years management experience
• Extensive knowledge and experience in the Ethiopian banking and financial services sector
• Extensive experience in preparing cash forecasts and cash flow analysis
• Experience in building complex financial models to evaluate various financial plans will be an added advantage.
• Experience in leading, coaching and developing staff.

How to Apply

If you feel that you are up to the challenge and possess the necessary qualification and experience, kindly proceed to update your candidate profile on Ethiojobs.net