Reputable Job Vacancy For Treasury Accountant, Application Details

Reputable Job Vacancy For Treasury Accountant, Application Details

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Our Client, a provider of Business and Technology solutions seeks to recruit a Treasury Accountant. He/she will be responsible for managing the Group cash flow in order to contribute to the optimisation of profit and to guarantee smooth business operations of the Group:

Carrying out cash flow forecasting and reporting tasks in line with set guidelines: Manage the treasury and cash related activities so as to ensure the availability of funds to support smooth business operations.

Treasury Accountant Job Responsibilities

  • Working Capital & Supplier Management
  • Participation in the development and maintenance of the Group 12 months’ rolling forecast,
  • Proactively identifying analyses ways to improve the cash cycle and where appropriate makes
  • recommendations for cost saving, propriety and efficiency,
  • Verification and execution of payments in accordance with the laid down policy and guidelines as well as per the contractual obligations,
  • Ensuring availability of foreign currencies to cater for daily payment need,
  • Preparation of a variance analysis of the actual cash flows and the cash forecasts and flag up areas of concern,
  • Ensure effective supplier communication and nil complains,
  • Submission of the aging creditors’ analysis every working Friday by 3PM

Reporting of Financial Performance

  • Accounting for any additional funding received i.e. shareholder or third party loans,
  • Accrual of interest in accordance with offer letters,
  • Month-end and year-end revaluation of both interest and principal,
  • Amortization of capitalized fees if any,
  • Accrual for facility agent fees if any,
  • Retranslation of long term debt and unamortized fees to short term,
  • Reconciliation and justification of the forex exchange movement,
  • Maintaining the loan, Equity schedules and directors accounts,
  • Analyses balance sheet accounts with a view to recognising and adjusting any misstatements on a timely basis,
  • Run spot check on bank accounts to check on accuracy and completeness before month end reporting and pass relevant journals, and
  • Submit group’s cash and bank reports by the 5th of every month, reporting on the activities of the previous month (Bank utilization levels and Average interest rates for the month)

Debt & Capital Structure Management

  • Ensure proper execution and maintain debt documentation,
  • Timely execution of debt repayments,
  • Compliance to Debt Covenants and recommending appropriate solutions to the group,
  • Prepare debt schedules as per due dates and
  • Documentation for shareholder Loans – Resolution, agreements

Cash and Banking Management

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  • Bank Accounts Management & Countrywide banking regulations – tracking, monitoring & updating periodically,
  • Maintenance & Execution of Bank Accounts, Escrow A/C’s – Opening & Closure,
  • Bank Reconciliation status which must be submitted every morning by 10.00 AM detailing any discrepancies between the ledger cash book and the bank statements,
  • Banking Relations Management,
  • Ensure preparation of funds transfer letters to fund bank accounts that are used for payments,
  • Ensure timely reporting on cash and bank balances to Group,
  • Ensure timely and accurate monitoring of company cash book position and bank balances in order to effectively maintain and manage the liquidity position of the company and measure business performance,
  • Daily reporting to Management on Company’s performance in terms of collections/payments versus targets, and
  • Ensure updated cheque summary report is updated.

Foreign Exchange Risk Management

  • Development & Risk Management Policy Compliance,
  • Building sufficient foreign exchange reserves (Euro & USD) in bank accounts especially when the exchange rates are favourable to cater for forex transactions, and
  • Manage the Forex Hedging process, and if applicable futures, Swaps and Options

Requirements for the

  • Bachelor’s Degree in Business, Accounting, Economics or Finance/Administration
  • Proficiency in Microsoft office suite, Sound Financial Accounting knowledge.
  • 3-5 years’ experience working with commissions statements, bank reconciliations, treasury, working capital, debt portfolios, banks, accounts payable and/or receivables, and payroll
  • Basic knowledge of all accounting functional areas
  • IT literacy
  • Business awareness,
  • Strong analytical skills and problem-solving skills,
  • Excellent planning skills,
  • High personal standards and goal oriented,
  • Excellent interpersonal skills,
  • Excellent and effective communications skills, both orally and in writing
  • Team Leadership


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