Our Client In The Tobacco/Agriculture Sector Is Looking To Hire a Treasury Manager. The Incumbent Shall Be Reporting To The Head Of Office. The Successful Candidate Shall Manage The Company's Treasury Systems And Practices, Assessing, Monitoring, Planning, And Management Of Efficient Utilization Of Cash And Financial Services In A Manner Consistent With The Objectives Of The Company.
Duties And Responsibilities
Cash Flow Planning And Reporting
Plan And Manage The Company’s Funding Requirements.
Timely Communicate Forecast Borrowing Positions.
Daily Review And Authentication Of Bank Transactions.
Ensure Security Of Funds Received And Disbursed By Following Procedures For Proper Controls And Timely Deposits/Disbursements With Accurate Reports.
Manage Relationships With Banks.
Attend To Loan Facility Renewals Within Set Timelines.
Monitor Debt Levels And Compliance With Debt Covenants Including But Not Limited To Ensuring That Loans And Interest Are Serviced Within Stipulated Deadlines, Compliance With Security Covenant Ratios And Directing Logistics With Regards To The Allocation Of Form Cd1s And Export Receipts Amongst Lender Banks.
Submission Of Monthly Stocks And Debtors Return, Monthly Management Accounts And Audited Financial Statements Reports To Lenders Within Set Deadlines:
Provide Evidence Of Sufficient Security Cover Required By Lenders Ahead Of Drawdown Requests Per The Lender’s Requirements.
Monitor Collateral Manager Reports And Ensure Alignment With Internal Reports
Ensure That Working Capital Management Optimal Balances Are Maintained In The Bank Accounts And Creditors Are Paid On Time.
Maximize Technology Leverage To Create Value Through Automation Of Processes And Procedures Including The Weekly Cashflow
Ensure Regulatory Compliance Regarding Registration Of Offshore Loan Facilities With The Reserve Bank Of Zimbabwe (RBZ), Form Cd1 Acquittals Within Set Deadlines, Secure RBZ Approval For Offshore Service Payments, Acquittal Of Advance Offshore Payments Within Set Deadlines, Secure RBZ And Tobacco Industry And Marketing Board Authority For Local Green And Packed Tobacco Sales And Green Leaf Purchases Loan Draw Down Reports Within RBZ Deadlines.
Ensure That Statutory Levies And Taxes Including ZIMTRADE Levy And Imtt Are Deducted By Banks And Validate The Amounts Paid.
Ensure Value Additions Compulsory Liquidations And Greenleaf Drawdown Liquidations Are Complied With.
Ensure That There Are No Losses To The Company By Closely Monitoring Cash And Bank Balances And Noncompliance With Regulations.
Budget Funding Requirements, Interest, And Finance Costs, Imtt And Full Year Cashflow.
Monthly Validation Of Interest And Finance Charges And Imtt Accruals.
Analytical Review Of Bank Balances, Borrowings And Interest And Bank Charges.
Prepare Board And Shareholder Reports And Submit Them To The Head Of Finance Within Set Deadlines
Assemble Information For Internal And External Auditors Per Set Timelines.
Develop, Communicate, And Enforce Policies And Procedures To Complete Required Financial Processes And Prepare Records Necessary To Safeguard Assets And Provide Reliable Financial Information.
Comply With Policies And Procedures Including The Financial Authority Policy.
Monitor Financial, Operational, And Regulatory Risks And Provide Solutions To Address Relevant Risks.
Ensure a Sound System Of Internal Assurances And Controls.
Provide Leadership, Direction, And Supervision Of The Treasury Team.
Qualifications, Experience And Attributes
Accounting Degree Or Its Equivalent
Professional Qualifications Such As CIMA Or CA Will Be Added Advantage
Must Have Sound Knowledge Of Finance And Accounting.
Minimum Five Years’ Experience In a Similar Role Or Related Environment
Demonstrate The Aptitude Or Competence For Assigned Responsibilities
Ability To Work Independently And Under Extreme Pressure With a Level Of Detail And Accuracy
Manage Time And Resources Well And Demonstrates Good Organizational Abilities
Computer Literate In Microsoft Office Applications, Word, Excel, Outlook, And PowerPoint