Job DescriptionJob PurposeThe Banking and Treasury Section Head owns the daytoday management of the companys banking and treasury operations across both onshore and offshore banking relationships The role ensures accurate timely and compliant execution of banking transactions effective cash and liquidity management and strong wellcontrolled relationships with banking partners The role also provides workinglevel support to the CFO on financing forex risk and bank facility matters without owning the strategic dealorigination agendaResponsibilities1 Banking amp Treasury Operations Onshore amp OffshoreManage the daytoday operation of all onshore and offshore bank accounts including account openingclosing signatory updates and administration of online banking platforms Execute and monitor domestic and crossborder payments and transfers ensuring accuracy timeliness and compliance with applicable regulations including CBE and exchange control requirements Maintain the bank facility register limits utilization renewal dates across onshore and offshore banks and flag renewal or covenant requirements ahead of time Coordinate KYC account documentation and other periodic compliance submissions requested by banks 2 Cash amp Liquidity ManagementPrepare and maintain shortterm dailyweekly and mediumterm cash flow forecasts across onshore and offshore entities identifying surplus or deficit positions Recommend and execute fund transfers intercompany funding cash poolingsweeping and shortterm placement or borrowing to optimize liquidity and banking costs Monitor working capital facility utilization and coordinate drawdowns and repayments with banks 3 Trade Finance amp Forex ExecutionProcess and follow up on trade finance instruments letters of credit letters of guarantee bill discounting and supplier financing including issuance amendments and bank coordination Execute forex transactions spot and forward within approved limits and the Groups hedging policy track forex exposures and rate movements Support the maintenance and reporting of interest rate and forex risk positions 4 Banking Relationship Management amp ComplianceAct as the primary daytoday point of contact with onshore and offshore banking partners ensuring queries and requirements are resolved promptly Coordinate with internal departments accounting legal commercial to gather documentation required by banks Monitor and comply with antifraud controls treasury policies and internalexternal audit recommendations relating to banking operations 5 Reporting amp MISPrepare periodic MIS treasury dashboards and debtfacility utilization reports for the CFO and senior management Maintain accurate records supporting bank reconciliations treasury controls and audit requirements 6 Strategic amp Financing SupportSupport the CFO in structuring reviewing and negotiating credit facilities term sheets and legalbanking agreements with banks and lawyers Assist in sourcing working capital and trade finance facilities from commercial banks and provide supporting analysis for engagement with multilateral institutions eg IFC DEG EBRD FMO where relevant Contribute treasury data and analysis to financing proposals board papers and debt reviews prepared by senior management Key InteractionsInternal CFO Finance amp Accounting team Group Banking External Banks regulatory bodies externalstatutory auditors tax advisors and consultants Performance MeasuresLiquidity amp cash availability Maintain minimum approved liquidity buffer zero avoidable paymentdefault events Debt covenant compliance 100 compliance with 90180 day forward covenant forecasting Debt servicing amp refinancing 100 interestprincipal paid on time refinancing initiated well ahead of maturity Cost of borrowing Actual allin funding cost vs approved benchmarkbudget measurable savings from repricingrefinancing Cashflow forecasting accuracy 13week forecast accuracy 9095 particularly for first 4 weeks Workingcapital cash release Reduction in trappedexcess cash measurable cash released through treasury initiatives Cash visibility 9598 of groupcountry bank balances visible centrally daily Banking efficiency Reduce idle accounts bank charges and transaction costs annual savings target Interest income on surplus cash Return vs approved riskfreelowrisk benchmark while maintaining required liquidity Treasury controls Zero material control breaches 100 bank reconciliations and authorized transactions Banking relationships facilities Adequate committed facilities diversification of lenders and no unexpected facility withdrawal RequirementsRequirementsExperience89 years of experience in corporate treasury or banking operations with handson exposure to both onshore and offshore banking Ideally should have handled a portfolio of 150 million Experience of working with Direct Foreign Institutions DFIsforeign banks is an advantage Skills Knowledge CompetenciesWorking knowledge of trade finance instruments LCs LGs forex transactions cashliquidity
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