FINCA Zambia
FINCA Zambia
Posted Job
8 months ago

Treasurer

In general, the Treasurer’s responsibility is to plan, manage the Liquidity, the Assets and Liabilities of FINCA Zambia, so that the maturities are matched to ensure availability of cash at all times to meet the requirements of our clients, and to structure the balance sheet to that which optimizes Returns on Investments.

Key Deliverables

I. Plan and manage the institution’s liquidity.

  • Liaise with the regional managers/branch managers to forecast liquidity projections in line with the operations disbursement schedule.
  • Ensure cash limits for the HO and various branches so that lowest possible cash is kept with them and set procedures when the cash goes below/up limits.Ensure authentication and authorization procedures for Cash and Bank transactions are maintained.
  • Monitor the Bank Reconciliation on a monthly basis and guide the accounting team.Ascertain smooth running of treasury operations at H/O and Branches and take necessary actions.
  • Prepare Projected Cash Flows, compare with Actual Cash Flows, do a Variance Analysis, and advise Management of the necessary actions to be taken.
  • Alert the management of any serious situations of Cash and Bank balances (low or high) in order to take decision on the targeted disbursements, recurrent /capital expenditures or investments.

II. Handle funding requirements of the institution:

  • Advise management on funds decisions like obtaining loans from financial institutions and donor agencies in line with the institution’s strategic plan.
  • Assist in determining the appropriate time to request for funds from financial institutions and donors.
  • Analyze currency fluctuations and their possible effects to funding and advise management on necessary decision.

III. Manage investments and optimize return on investments:

  • Manage FINCA’s investments (including Fixed Deposits) efficiently to get the maximum returns with minimum risk.
  • Closely monitor the due dates for interest, closure, renewal and maturities of investments so that FINCA does not suffer financial loss due to failure in renewal, closure or interest not credited by the institutions.
  • Advise management of the best investments that would give maximum returns. Follow the money market closely to advise the management on the Cost of funds, changes in interest rates, changes in Government policies that can affect FINCA.
  • Participate in the Asset Liability Management committee meeting to set interest rates on savings products.
  • Monitor impact of large savings depositors on the liquidity reserves and the branches liquidity.Meet all withdrawal requirements for savings depositors.

IV. Devise strategies to avoid/combat risks and ensure compliance with regulatory requirements specific to treasury:

  • The Treasurer should devise strategy to avoid risks, to combat risk and implement processes to meet any financial crisis.
  • Evaluate the currency fluctuations, financial market conditions, interest rate fluctuations, investment decisions and advise management of the potential risk involved. Investigate cash malpractices or non-adherence to policies and take corrective measures in accordance with FINCA’s procedures.
  • Prepare Treasury Operations procedures in line with the statutory and legal requirements of the regulatory institution (e.g. Bank of Zambia, etc.).Daily monitor FINCA’s Cash and Bank Accounts and investments to ascertain compliance with regulatory institution’s requirements at all times.Write and provide timely and accurate reports to the regulatory institution and other statutory authorities.

Qualifications

  • Degree or Post graduate with Banking/Economics Specialization
  • Certification in ACCA/CIMA/ZICA is an added advantage
  • Minimum 3 years’ experience in treasury operations
  • Experience in the banking sector highly desirable

How to Apply

To apply for this job email your details to the email below:

Email applications to
zm_HR@finca.co.zm
FINCA Zambia image
FINCA Zambia
Lusaka
Business loans
Savings products
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FINCA Zambia is a subsidiary of FINCA International, a global micro finance network that offers financial services and products to small scale businesses. FINCA helps its clients achieve their life goals conveniently to build a business, acquire assets, improve their living conditions or invest. The company provides well-designed, responsible, and affordable products including micro and small business loans, credit lines, savings, transactional services and more. For your convenience, FINCA has a secure mobile banking service and over 75 express agents.

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