Treasury Manager

JOB SUMMARY Provide Management support in carrying out Corporate Treasury operations involving cash management, care and custody of funds and other financial assets and foreign exchange rate transactions. DUTIES & RESPONSIBILITIES FUND MANAGEMENT Manages fund including cashiering function, investment and allocation of funds. Undertakes sourcing of funds including borrowing from bank and other sources. Ensures proper recording, documenting and posting of all collections and disbursements. Monitors and controls bank balances. Preparation of reliable cash flow projection in coordination with other departments as to the receipts and disbursement. Checks the accuracy and completeness of all receipts and disbursement reports. Liasons and maintains harmonious relationship with banks and financial institutions. LC/TR/Loans Monitors LC/TR maturities. Maintain and updates LC/TR ledgers and computer files. Reconciles monthly LC/TR balances with bank. Coordinates with Logistics/Purchasing Dept. on LC transactions. Negotiates for best rates on LC/TRs/Fx and recommends for approval. Handles negotiations for import bills ad trust receipt bookings, maturities and payment. Handles and monitors maturities, renewal and documentation of bank facilities in coordination with VP-Finance. Handles and monitors prompt remittance of LC/TR/Loan documents to the bank. Ensures that we have on our file a copy of all LC/TR/Loan documents to the bank. Monitor prompt payment and renewal of TR/Loan maturities. Facilitate and coordinates with the bank and other department for the submission of bank requirements needed for the renewal of the credit facilities. Prepare Credit Line Facility Report. PLANNING & ORGANIZING Prepare short-term and long-term group financial plans including cash flow projections to enable proper cash/funds planning in order to ensure availability of funds when needed. Develops systems and procedure to strengthen internal control in Treasury function. Develops a list of investments alternatives for mobilizing investible fund that will enable maximum yield/return while at the same time minimizing/avoiding risk. Develops and maintains effective organization unit that will ensure maximization of work done by fewest people at least cost, with greatest satisfaction to people doing work. LEADING & CONTROLLING Lead subordinates to ensure proper implementation of treasury policies and procedures. Monitors and enforce subordinates in the proper executions of their duties and responsibilities. Directs and implements investment of investible funds in accordance with approved investment policies and guidelines. Directs or undertakes the availment of bank lines taking into account the objective of lowering the cost of funds. Directs disbursements/payments of liabilities, expenses and other disbursement to ensure prompt payment to avail discounts or avoid penalties. PROBLEM SOLVING Provide accurate information and advise to Division Head in solving treasure related problems. Recommend appropriate proper solution to problem encountered. Review and develop treasury system and policies. DECISION MAKING Recommend hiring, promotion, disciplining and termination of subordinates. Recommend sanctions that maybe imposed on subordinates who violate company rules and regulations. Submit performance appraisal of the subordinates as required by HRAD. Recommends proper fund sourcing to minimize cost. QUALIFICATIONS Graduate of Bachelor of Science Degree in Business Administration, Accounting or Banking and Finance. With at least 15 years of experience in a Managerial capacity, in Treasury and Credit Collection Functions in a Group of companies or big Manufacturing firm. With excellent network of contacts or professional relationships with banks and Has a well-established network and relationship across the industry to include the Banking Community. PERSONALITY MUSTS AND WANTS Trustworthy Patient and Emotionally Matured Able to handle work pressure Assertive and able to lead Effective interpersonal and communication skills #J-18808-Ljbffr