The Treasury & Credit Control Officer is responsible for managing the company’s cash flow, banking relationships, and credit risk. The role ensures optimal liquidity, effective credit management, and compliance with financial policies to support business operations across the company’s subsidiaries.
Key Responsibilities
Manage daily cash flow, ensuring adequate liquidity for operations across subsidiaries.
Execute and monitor bank transactions, reconciliations, and intercompany transfers.
Oversee foreign exchange management, including hedging strategies to mitigate currency risks.
Manage Collateral Financing Arrangement (CFA) transactions with the banks.
Optimize working capital by managing receivables, payables, and inventory financing.
Support fundraising initiatives, covenant negotiations, and bank relationship management.
Assess customer creditworthiness and recommend credit limits.
Monitor accounts receivable and follow up on overdue payments.
Develop and implement credit control procedures to minimize bad debts.
Prepare monthly reports on debtor aging and collection performance.
Execute and monitor investment activities, ensuring alignment with company policies and risk tolerance.
Maintain bank account documentation, online banking platforms, authorized signatory records, and legal documentation.
Partner with finance, operations, and commercial teams to embed treasury discipline in decision-making.
Maintain accurate and up-to-date documentation for audits and internal reviews.
Undertake other related tasks and duties as assigned by the supervisor.
Educational Qualifications & Experience
Bachelor’s degree in Finance, Accounting, Economics, or related field.
Professional certification (CPA, ACCA, CFA, or equivalent) preferred.
Membership of a relevant professional body e.g. ACCA/CPA.
5+ years in treasury or corporate finance, ideally in the oil and gas or FMCG sectors.
Strong knowledge of East African banking systems, FX markets, and regulatory frameworks.
Good knowledge of International Financial Reporting Standards (IFRS), financial policies, procedures, and systems.
Skills & Competencies
High analytical and numerical skills.
Strong interpersonal and communication skills.
Good negotiation skills and the ability to develop strong working relationships.
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