Zain Kenya wishes to recruit the position of Senior Treasury Operations Co-ordinator.
Reporting to the Treasury Manager, the incumbent shall be responsible for:
Managing the OPCO's cash flow in order to contribute to the optimisation of profit and to guarantee smooth business operations of the Zain Group:
- Participates in the development and maintenance of the 12 months' rolling forecast
- Proactively identifies analyses ways to improve the cash cycle and where appropriate makes recommendations for cost saving, propriety and efficiency
- Performs bank reconciliations.
- Serves as the OPCO's agent with the Bank and handles routine interaction and communication with the banks
- Verify and execute payments in accordance with the laid down policy and guidelines as well as per the contractual obligations.
Carries out cash flow forecasting and reporting tasks in line with set guidelines:
· Maintains a 12 monthly rolling cash forecast, including the 3 months', weekly forecasts
- Updates the HQ central system with the cash flow forecast every week
- Prepares a variance analysis of the actual cash flows and the cash forecasts and flag up areas of concern.
- Prepares the weekly treasury position report.
· Produce and analyze supplier aging report for purposes of payment planning.
Support the reporting of financial performance:
· Revalues loans, interest and RPS and other cost schedules for month end cost comparative analysis and ensures current values are reflected in the records.
· Prepares treasury journals and ensure they are accurate and complete before posting to GL.
· Coordinates month end closure for Treasury section.
· Custodian of the loans and equity schedules
· Review schedules for loans, redeemable preference shares and IRF reconciliations for accuracy and completeness
Manage the treasury and cash related activities so as to ensure the availability of funds to support smooth business operations:
- Analyses short term money market instruments such as call deposits and interest on current accounts, to ensure maximum gains from any surplus funds at any given period.
- Ensures that there is enough liquid cash in the bank accounts to cater payments, either local or foreign.
· Books bank charges in the main operating bank accounts and transfers from the collections accounts to the main operating accounts.
· Scrutinizes bank accounts to ensure that there are no fraudulent transactions.
- Plays the role of a bank agent by acting as an interface between the banks and Zain.
Manages forex reserves and transactions:
- Supports the Manager –Cash Management in respect to forex transactions.
Builds sufficient foreign exchange reserves (Euro & USD) in bank accounts especially when the exchange rates are favorable to cater for forex transactions
Analyses balance sheet accounts with a view to recognising and adjusting any misstatements on a timely basis.
Qualifications:
· University Degree in Accounting or Business (with an accounting or Finance emphasis)
· Part qualified accountant (CPAII, ACCA II, or its equivalent)
· Excellent knowledge of all accounting functional areas
· 2 to 5 years of experience working with commissions statements, bank reconciliations, accounts payable and/or receivables, and payroll
· Able to work with managers throughout company in analyzing financial situations.
- Proven ability to analyse complex business issues and identify, design and implement effective practical recommendations
- IT literacy
- Able to operate in a performance driven organization
Competences
· Business awareness
· Strong analytical skills and problem solving skills
· Excellent planning skills
· High personal standards and goal oriented
· Excellent interpersonal skills
· Excellent and effective communications skills, both orally and in writing.
· Excellent presentation skills
Interested candidates are invited to apply for the role by visiting the careers section on the website, www.zain.com.
The deadline for applications is Thursday 3rd June 2010.
