Kenya Airways Manager Treasury Jobs in Kenya

Kenya Airways Manager Treasury Jobs in Kenya

Brief Description

To manage the liquidity of the business by ensuring that all current and projected cash inflows and outflows are monitored to ensure that there is sufficient cash to fund company operations, as well as to ensure that excess cash is properly invested.

While accomplishing this mission, the Treasurer must engage in considerable prudence to ensure that existing assets are safeguarded through the use of safe forms of investment and hedging activities.

Detailed Description

Principal Accountabilities (Key Performance areas): Accountability (Responsibility)

• Cash forecasting. Compile information from around the company to create an ongoing cash forecast. This information may come from the accounting records, the budget, capital budget, board minutes (for dividend payments) and even the CEO or CFO (for expenditures related to acquisitions and divestitures).

• Working capital monitoring. Review in liaison with Accounts Payable and Receivable Managers the corporate policies related to working capital and model their impact on cash flows.

• Cash concentration. Create a system for funneling cash into a centralized investment account, from which cash can be most effectively invested. This may involve the use of notional pooling or cash sweeps.

• Repatriation: Develop and implement methods of currency repatriations from weak currency zones to strong currency zones to ensure minimum currency risk to the company.

• Investments. Use the corporate investment policy for allocating excess cash to various types of investments, depending on their rates of return, risk and how quickly they can be converted into cash.

• Fund raising. In liaison with the Head of Treasury & Corporate Finance, determine when additional cash is needed, and raise funds through the acquisition of debt, sale of stock, or changes in company policies that impact the amount of working capital required to run the business.

• Risk management. Use various hedging and netting strategies to reduce risk related to changes in asset values, interest rates, and foreign currency holdings. Explore various options of mitigating risk of interest rate, forex and commodity price fluctuation.

• Bank relations. Open, rationalize and maintain bank accounts and mandates to ensure efficient operations, compliance and security of funds. Keep the company's bankers apprised of the company's financial condition and projections, as well as any forthcoming changes in its need for borrowed funds.

• Credit rating agency relations. Keep any credit rating agencies informed of the company's financial results and condition, if these agencies are providing ratings on the company's marketable debt issuances.

• IT systems. Maintains treasury applications/workstations that provide reliable information about cash holdings, projections, market conditions, and other information.

• Reporting. The Treasurer provides the senior management team with reports concerning market conditions, funding issues, returns on investment, cash-related risks, and similar topics.

• Manage Trade Finance facilities i.e Standby letters of credit (SBLC’s), Bank guarantees, etc, for aircraft acquisition and other operations and review bank reconciliations to ensure accuracy of underlying records and prevent loss to the company.

• Control cost centre overhead expenses to improve profitability.

• Custody of, management /Implementation of the Company's internal and external debt, loan contracts ensuring repayments are done on time to avoid penalties and minimize risks of exposure

• Develop, train and motivate staff to enhance productivity and efficiency

Job Requirements

Knowledge and Experience Qualification (Minimum)

• Business graduate (Major in Finance or accounting) Additional Qualifications

• ACCA/CPA (K) or equivalent Years of Experience (Minimum)

• 7 years experience in a bank or Corporate Treasury, 3 of which should be in a supervisory role. Experience in the aviation industry will be of added advantage.

Additional Details

Other Skills

• Knowledge of current use of Derivative in hedging in a banking or corporate environment.

• Understanding of aircraft financing

• Exposure and knowledge of Strong IT supported systems in Finance.

• Excellent interpersonal and people management skills

• Financial analytical skills

• Communication skills

• Negotiation skills

Behavioral competencies

• Team player.

• High degree of honesty and integrity.

• Strategic thinking.

• Results oriented.

• Analytical thinking

• Strategic influencing

• Building capability.

• Customer insight.

• Personal Motivation

How to Apply

For more information and job application details, see; Kenya Airways Manager Treasury Jobs in Kenya

Find jobs in Kenya. Jobs - Kenya jobs. Search our career portal & find the latest Kenyan job positions, career opportunities & jobs in Kenya.

Jobs in Kenya - banking jobs, IT jobs, accounting jobs, NGO jobs, business administration, ICT, UN jobs, procurement jobs, education jobs, hospital jobs, human resources jobs, engineering, teaching jobs, and other careers in Kenya.

Find your dream job from 1000s of vacancies in Kenya posted and updated daily - click here!