Treasury Manager at Kilombero Sugar

Location: Morogoro, Tanzania
Employment Type: Permanent
Job Function: Finance
Experience Level: Middle Manager
Workplace Type: Onsite

Job Purpose

The Treasury Manager will be responsible for safeguarding and optimizing the organization's financial resources through effective liquidity management, funding strategies, and financial risk management. The role supports strategic decision-making by ensuring strong treasury governance, improving cash flow efficiency, managing financial risks, and maintaining compliance with Group Treasury policies and regulatory requirements.

Key Duties and Responsibilities

Financial Risk Management

• Identify, assess, and manage risks related to foreign exchange, interest rates, liquidity, and counterparty exposure.
• Implement hedging strategies in accordance with Group Treasury policies and IFRS 9 hedge accounting requirements.
• Conduct scenario analysis and stress testing to evaluate the impact of market fluctuations on the business.
• Monitor hedge performance and prepare reports on mark-to-market valuations and hedge effectiveness.

Cash and Liquidity Management

• Develop and implement strategies to optimize liquidity and reduce funding costs.
• Prepare and maintain accurate rolling cash flow forecasts to ensure adequate funding levels.
• Monitor liquidity positions and manage short-term funding requirements.
• Drive improvements in working capital and cash conversion cycles through collaboration with internal stakeholders.
• Support initiatives aimed at improving receivables collection, optimizing payables management, and enhancing inventory funding efficiency.
• Oversee the timely completion and accuracy of bank reconciliations.
• Strengthen payment controls, banking access governance, and fraud prevention measures.
• Manage short-term investments of surplus funds within approved risk limits.

Funding and Capital Structure Management

• Work closely with Group Treasury to identify and secure suitable short-term and long-term funding solutions.
• Monitor compliance with financial covenants and ensure no covenant breaches occur.
• Optimize funding costs and manage exposure to interest rate fluctuations.
• Maintain accurate records of loans, facilities, repayment schedules, and related documentation.

Treasury Reporting and Financial Analysis

• Prepare comprehensive treasury reports covering liquidity positions, net debt, funding profiles, and foreign exchange exposures.
• Conduct variance analysis between actual and forecasted cash flows and recommend corrective actions where necessary.
• Provide timely and accurate treasury reports to senior management and Group Treasury teams.
• Promote the automation and continuous improvement of treasury reporting and analytical processes.

Trade Finance and Counterparty Risk Management

• Manage trade finance activities, including letters of credit, guarantees, and other financial instruments.
• Monitor counterparty credit exposure and ensure compliance with approved risk thresholds.
• Identify opportunities to improve trade finance structures to support operational efficiency and mitigate risks.

Governance, Compliance, and Internal Controls

• Ensure compliance with Group Treasury policies, exchange control regulations, and corporate governance standards.
• Maintain a robust treasury control framework, including segregation of duties and audit readiness.
• Support internal and external audits by providing required documentation and ensuring prompt closure of audit findings.
• Review and update treasury policies, procedures, and controls to align with best practices and business needs.

Required Skills and Competencies

• Strong analytical and problem-solving skills.
• High level of integrity, professionalism, and discretion.
• Excellent communication and presentation abilities.
• Strong commercial acumen with a focus on value creation.
• Ability to collaborate effectively across different business functions.
• Results-oriented with a strong sense of ownership and accountability.
• Ability to perform effectively in a fast-paced and complex environment.
• Continuous improvement mindset with an interest in innovation and process enhancement.

Qualifications and Experience

• Bachelor's degree in Finance, Accounting, or a related field.
• Professional qualification such as ACCA, CPA, CIMA, or CFA.
• Minimum of 5–7 years of experience in finance, including at least 3 years in treasury or banking functions.
• Demonstrated experience in cash flow management, liquidity planning, foreign exchange risk management, and treasury operations.

Added Advantages

• Experience with IFRS 9 hedge accounting.
• Exposure to SAP ERP systems.
• Previous experience working within a multinational organization or Group Treasury environment.