Role Purpose
To be responsible for carrying out accurately and on a timely basis, the day-to-day Cash Management activities which include bank account reconciliations, in order to perform bank transfers and opening and closing bank accounts within the set KPIs, agreed budgets and adopted policies and procedures.
Responsibilities
Key Accountability Areas Key Activities
Planning and Budgeting
Keep the Finance & Accounts Manager informed of significant issues related to Cash Management that may jeopardize the achievement of the organization’s goals. Support in developing the annual budget, including Financial and Human Resources requirements
Procedures & Controls
Coordinate with internal and external auditors and provide all required information to the concerned parties in order to facilitate the preparation of internal and external audit reports. Ensure that the overall processes pertaining to Cash Management are conducted in an efficient and effective manner Ensure high standards of confidentiality to safeguard commercially sensitive information
Bank Relationship Supervision & Management
Build and maintain strong and effective relationship with the all other related units to achieve the Section’s goals/objectives. Perform comparative analysis on potential banks and recommend the best options to the Finance & Accounts Manager Build strong relationship with Bank Personnel for facilitation of day-to-day banking requests
Bank Reconciliation
Review the Bank Reconciliation Reports and coordinate with reporting lines to perform necessary actions to rectify issues, if any Inform the Finance & Accounts Manager about the successful bank reconciliations and provide report(s) as and when required
Fund Planning & Supervision
Prepare with the help of the cash management officer the funding plan and coordinate with the related stakeholders to ensure it accurately reflects the organization’s needs Perform bank transfers and issuance of cheques upon receiving payment orders from the Accounts Payable team Liaise with the Group’s Treasury team to ensure that upstreaming of funds is being performed as per policies and enough funds are maintained in the organization’s bank accounts
Cash Management
Stay abreast of the latest applicable cash management leading practices. Review the Cash flow forecast / position prepared by the cash management officer and share it with the Finance & Accounts Manager. Review requests for opening / closing bank accounts and liaise with all stakeholders to ensure the proper procedures are being followed in that regard. Prepare and generate Cash Management reports, under the directions of the Finance & Accounts Manager
Compliance Management
Comply with the organization’s set policies, procedures, management and regulatory requirements, and International Financial Reporting Standards (IFRS) Ensure that all Cash Management transactions are recorded in compliance with the organization’s accounting procedures and the IFRS Analyze transactions, determine accuracy, and ensure completeness and compliance to established policies and procedures
Policies, Processes and Procedures
Implement accounting system, procedures, and internal controls. Contribute to the identification of opportunities for continuous improvement of systems and processes taking into account leading practices, changes in business environment, cost reduction and productivity improvement
People Management
Allocate work to employees, conduct performance reviews and manage leave and overtime in coordination with the Finance & Accounts Manager to ensure efficiency of the section. Supervise direct reportees in their day-to-day tasks and guide them in managing their performance by providing appropriate feedback and counseling. Drive the engagement and satisfaction of all employees within the section through holding periodic meetings to discuss the achievements and address any employee issues and/or concerns. Identify areas for professional development of self and all direct reports, and act to enhance professional development of self and others. Actively participate in on-the-job training, mentoring and coaching of subordinates Provide clear direction, prioritize tasks, assign and delegate responsibility and monitor the workflow
Qualifications
Knowledge and Experience Minimum of 6 years of related experience
Education and Certifications
University degree in Business Administration with specialization in Finance or Accounting. * Professional certification such as CMA/CFA is a plus
