Job description
JOB PURPOSE
Under the authority of Africa and Indian Ocean CAFO, the Treasurer of the Cluster:
Guarantees the cluster’s day-to-day liquidity,
Manages, anticipates and secures cash flow by covering the financial needs,
Ensures the financial profitability of the company by actively controlling the inflow and outflow of financial flows.
POSITION DUTIES AND RESPONSIBILITIES
Management of flows and balances
Participate in the management of the BFR: optimization of the Customer (DSO) and Suppliers (DPO),
Management and follow-up of the Cluster’s delinquencies,
Daily analyze the accounts’ banking positions in the different banks,
Balance the books and invest any cash surpluses,
Provide financing needs,
Determine the banking position in value date.
Budget and cash flow forecasts
Consolidate the monthly cash budget of the subsidiaries on the basis of the knowledge of the activity and its history,so, assess exactly the year-end net cash flow position and net indebtedness in order to better define the external financing needs to request the banks or the head office.
Monthly and weekly reporting
Develop and communicate a weekly summary of the consolidated cash position, analyzing the main outflows and inflows of the week and forecasts for the coming week,
Analyze and explain the differences between the budget and actual flows,
Draw conclusions in terms of fees or financial products,
Compare the accounting position and the banking position; control the correct cash transactions accounting,
Draw conclusions in terms of 3-month forecasts and short-term financing needs.
Investment financing
Participate in the financing package of business acquisitions or major assets,
Offer subsidiaries refinancing solutions by setting up loans, guarantees or recapitalization.
Bank Relationships Management
Set up the necessary credit lines, defined with financing plans and cash flow forecasts, in accordance with the Group’s guidelines and strategy,
Negotiate and control the banking conditions applied,
Set up currency hedging tools suitable to the currencies used and the activity specific flows
Manage banking powers by listing all bank signatories and updating them as soon as a signatory leaves.
Support and internal control
Provide technical support and expertise to subsidiaries,
Set up, harmonize and control compliance with procedures in subsidiaries,
Ensure the consistency of cash management procedures: accounts centralization, automatic rise of surpluses, interest-rate risk and currency hedging…
Optimization of costs and financial products
Control the interest statements given by the banks and check the financial interests charged by them,
Manage the bank flows according to the specific advantages of each financial institution.
Risk management
Identify and quantify the risks impacting the company (interest rate, exchange, raw materials, counterparty risk, etc.),
Evaluate the impact for the company,
Set up hedging tools,
Define monitoring indicators,
Set up control procedures.
QUALITY SECURITY ENVIRONMENT MISSION
Respect the rules established in the framework of the Environmental Management System,
Report any environmental non-conformity.
INITIAL TRAINING AND REQUIRED EXPERIENCE
Business schools, finance option or equivalent acquired through experience (minimum 5 years experience on the same position),
Master’s degree in Finance, Treasury: Master’s degree in Corporate Cash management or equivalent acquired by experience,
Knowledge of the offer, specificities and regulations of the geographical area.
REQUIREMENT
Experience the management of international multi-currency flows,
Control of the banking transactions,
Knowledge and exploiting of accounting data,
Thorough knowledge of micro-computing including database tools and spreadsheets, office software (power point and word) and new information and communication technologies (NICT),
Knowledge of cash management software,
Knowledge of the report skills,
Fluency in English and French.
REQUIRED QUALITIES
Very good communication / Reliability / Discretion and confidentiality / Dynamism / Pro-activity and anticipation / Availability / Leadership / Ability to persuade / Skilled negotiator / Tenacity / Ability to analyze and summarize/ Curiosity / Critical sense.
