Kenya Airways prides itself in being the Pride of Africa. We fly to thirty six destinations worldwide, most of them being in Africa. We have recently expanded our fleet with the acquisition of four modern Boeing aircraft in the 777 series. At Kenya Airways we believe that our greatest asset is our people.
When you join Kenya Airways we provide you with training, the systems and tools you require to perform and best of all, an environment that will enable you achieve your full potential.
Brief Description
Lead the Treasury function including Group Credit Control, paying particular heed to managing the Group’s Financial Risk and Exposure profiles.
This is to ensure that the needs of the Group in regard to the above are delivered effectively and efficiently.
In addition, ensure availability, security and utilization of funds to meet current and future obligations at minimum risk. The funding must be done in a manner that optimizes the capital structure thereby reducing the weighted cost of capital.
Detailed Description
* Play a leading role in the development of the company’s overall funding strategy,
* Define the optimal capital structure of the organization.
* Determine and source funds from the most appropriate source for supporting the business in order to achieve the most efficient capital structure. This may be by way of loans, bonds, rights issues etc
* Lead in sourcing for Aircraft and other Asset financing ensuring that this is done in the most cost effective manner.
* Manage the Aircraft lease, maintenance reserves and loan contracts ensuring payments are optimized and negotiated periodically
* Maintain bank accounts and mandates to ensure efficient operations, compliance and security of funds.
* Regularly update and issue cash flow forecasts to allow executive management to make strategic and tactical decisions within the parameters of available cash resources and to ensure that the group is able to meet its payment
* Review exchange rate forecast for use by the Kenyan aviation industry to ensure uniformity in reporting and accounting for multi currency transactions.
* Develop and maintain hedging strategies in multi-currency transactions and analyze foreign exchange regulations for compliance and to minimize financial risks.
* Control cost centre overhead expenses to improve profitability.
* Develop, train and motivate staff to enhance productivity and efficiency.
* Approve payments and review bank reconciliation’s to ensure accuracy of underlying records and prevent loss to the company.
* Develop and maintain relationships with banks and financial institutions to ensure beneficial strategic opportunities are obtained.
* Develop, improve and lead the management of group credit policy to minimize bad debts while ensuring collections targets are met, in order to contain losses and maximize cash flow.
* Manage the Group’s hedging policy for fuel, loans, interest rates and forex exposure and availability of funds ensuring that the group is protected against unplanned for price and rate changes.
* Lead the financial role in due diligences performed on proposed projects and acquisitions to ensure that only appropriate projects are selected, and expectations from these are met.
* Budget and manage costs within the Corporate Finance Dept within budget to contribute to the achievement by the Group of its budgetary goals.
* Source, negotiate & secure all banking facilities to meet current and future obligations at minimal costs.
Job Requirements
Knowledge, Skills, Experience
* Business graduate (Major in Finance or accounting) and
* Financial analysis training or CPA (K)
* Certified Financial Analyst CFA
* Knowledge of current use of Derivative in hedging in a banking or corporate environment.
* Computer literate
* Excellent interpersonal and people management skills
* Analytical skills
* Communication skills
* Negotiation skills
* 3 years relevant experience
Competencies
* Team player.
* Honesty and integrity.
* Strategic thinking.
* Results oriented.
* Strategic influencing
* Building capability.
* Customer insight.
Additional Details
* Timeliness and availability
* Level of exchange loss
* Cost centre variance to budget.
* Level of productivity.
* Statutory and contractual compliance
Closing Date: 25-Jan-2010
Grade: H13
How to Apply
Click here to apply
Saturday, January 16, 2010
Treasury Manager Job Vacancy at Kenya Airways
