Job Purpose
- To ensure timely report on daily cash position for utilization of funds. To monitor and coordinate the banking transactions/activities of the organisation.
Core Responsibilities and Key Result Areas
Managing Cash Assets
- Prepare daily cash position report
- Monitor and follow-up with investment placement including interest and roll-overs
- Review imprest system
- Review daily sales and daily lodgement verification
- Vet payments to suppliers and ensure invoices are in order for payment
- Assist in listing vendors for payment
- Ensure the cash position is updated to inform the management about firm liquidity and where cheques are written.
Treasury Advisory
- Advise management on utilization of surplus funds
- Assist to evaluate the fiscal decisions of their organization and recommending the best possible course of action.
- Analyse the risks and rewards of various decisions on a regular basis
- Ensure the management understands the risks of any given financial decision and is aware of alternative decisions they might be better off making instead.
- Recommends fixed cash to yield interest for the company, in a case of availability of excess funds.
Bank Oversight
- Monitor daily bank balances to payment instruments are not issued on unfunded account.
- Manage bank POS terminals and deployment
- Maintain relationship with bank officials
- Ensure all treasury transactions are posted and reconciliation of GL and sub GL accounts
- Confirm and verify bank charges
- Review bank reconciliation report
- Monitor and ensure payment processes are strictly adhered to
- Assist in guiding the bank reconciliation process monthly
- Confirmation of cheques
Key Performance Indicators
- Provision of Daily cash report
- Provision of Bank Reconciliation Report
- Percentages of account balances reported daily
- Percentages of cash transactions reconciled daily
- Time taken to create month-end accounting journals for all treasury transactions
- Rate of compliance with internal controls especially on payments
- Accuracy of forecasted investment income
Knowledge Requirements
- Knowledge of Cash Management Principles
- Knowledge of banking systems and processes
- Knowledge of the Food/QSR Industry processes
- Knowledge of the Microsoft Excel software
Job Specifications
- A good first degree in Accounting or Finance
- Possession of a Post graduate degree in Accounting/Business Administration or related field is an added advantage
- Membership of the Certified Treasury Professional(CTP), ICAN, ACCA, CFA or any other related professional qualification is required, as well as courses on Treasury and Fund Management
- Minimum of 3 years in a core financial/treasury capacity
Decision Expectations
- Recommend operational, strategic and financial decisions
- Make recommendations to the management on best investment alternatives
- Enforce agreed decisions
- Assign work to subordinates
- Monitor subordinates’ work performance
- Appraise/evaluate subordinates’ performance
How to Apply
Interested and qualified? Go to Food Concepts Plc on career2.successfactors.eu to apply