Job description
This role reports to the Group Financial Controller
Context/Scope:
EABL group companies comprises: Kenya Breweries Ltd (Kenya), Uganda Breweries Ltd (Uganda) Central Glass Industries Ltd, Kenya Malting’s Ltd, UDV Kenya Ltd, IDU Ltd ,Serengeti Breweries Ltd , EABL Group, and EABL International.
EABL group activities involve extensive and high value cash transactions in the region dominated in various currencies with Kenya Shilling, Uganda Shilling, US$, GBP, Euro, South African Rand and Tanzania shilling forming the core portfolio of currencies.
The Treasury Function primary responsibility of managing and providing advice on all factors affecting Group cash flows, various financial investment/funding decisions and currency risks associated with the day-to-day running of Group business activities.
Purpose of the Role:
- Provide technical advice and support on all treasury related issues to EABL Group companies for both continuing and any new business developments/ acquisitions/disposals.
- Manage group cash to maximize return on asset-cash and minimize group funding costsManage EABL Group cash portfolio to ensure appropriate group currency mix in line with group currency requirements and prevailing world economic trends
- Manage EABL Group foreign exchange exposure and other financial risks to acceptable risk limits.Ensure high-level safety of all EABL cash surpluses held with various financial institutions.
- Ensure timely, cost-effective and adequate funding of all group-financing requirements.
- Keep abreast of legal developments as published by Central Bank of Kenya/Uganda/Tanzania, Capital Markets Authority, Nairobi, Dar-es-salaam and Kampala stock exchanges and other regulatory bodies to ensure compliance with various statutes
- Perform all treasury dealing with banks on borrowing, investments, hedging and purchase of FX
- Keep abreast on all developments in banking industry to enable EABL group tap most updated banking products and technology.
- To manage EABL Group Banking relationship with its Group bankers.
- Manage inter-company settlement payments and processes
- Liaise with various financial institutions, and other EABL group offices for efficient management of various staff schemes.
- Leadership Responsibilities
- Review outstanding Guarantees and Bonds to ensure compliance with Group policy and avoid excessive financial exposure created by such instruments
- Involvement EABL strategic planning process
- Provide Treasury support services to SSC team
- Keep abreast on factors affecting EABL pricing /bank relationships in the market
- Top Accountabilities
- Cash Management
- Business Financing
- Investment of surplus cash
- Management of Group Bank Relationships
- Foreign Exchange Dealing
- Foreign Exchange Risk Management
- Treasury Reporting
- Capital Structure and Funding Policy
- Business Development and Strategy
- Qualifications and Experience
- Business related degree
- A fully qualified accountant; i.e. CPA (K), ACCA or equivalent
- At least 5 years working experience in Treasury Operations
- Sound grounding on aspects of treasury and corporate finance management, e.g. key drivers of interest rates, foreign currency trade, hedging etc.
- Excellent stakeholder engagement skills.
- Excellent interpersonal and communication skills
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