Treasury Manager

The role of the Treasury Manager is to manage and Coordinate the Treasury function of ASA International Kenya Limited, covering Funding and Cash management, Asset-Liability Committee (ALCO) operations, Deposits, FX, Credit, and Risk Portfolio management.

Duties and Responsibilities

Principal Accountabilities - Treasury

Sourcing for Funding:

• Support and manage local financing activities, including loan facilities, credit lines, and operational funding requirements.
• Prepare and submit required documentation for financing negotiations, regulatory compliance, and reporting obligations.
• Ensure full compliance with local financial laws, tax regulations, and internal audit requirements.
• Investment of idle cash to ensure that there is enough liquidity for operations.

Cash Management:

• Funding plan preparation, updates, and analysis of funding prices to obtain optimal pricing.
• Daily Cashflow monitoring by maintaining a balance between liability settlement and collections.

Manage Bank and Partner Relationships

• Act as the Primary Focal Point for all Banks.
• Ensure that the Company Facilities with the Banks and partners are properly maintained and documented.
• Negotiate and implement favorable terms on the funding Facilities as required by Local or Group treasury Management.
• Ensure that the Company interest is safeguarded from exposure, including but not limited to fraud and misappropriation.
• Maintain the Signatory Lists as per the Group Policy both internally and with the Banks.
• Monitor Interest Rates movements and ensure fair pricing to the Company.
• Scan the market and propose new Banking and Partner Relationships that may be beneficial to the Company.

Banking Transactions and Balances

• Ensure that all transactions in the Banks are timely, correct, and approved.
• Ensure timely and correct capture of Banking Transactions in AMBS/T-24.
• Monitor Bank Balances to ensure optimum interest exposure.
• Monitor Bank Balances to ensure funds are available to meet the Company’s requirements.
• Calculate, verify, and challenge Interest Costs charged by the partners and ensure correct booking in the System.
• Ensure that all Banking Platforms are safe and operational.

Exchange Rate Management

• Monitor Exchange Rates movement and keep Management informed of changes.
• Follow on impact of Exchange Rates movements, advise Management of Hedging Requirement as per Group Policy, and apply hedging where required and agreed.
• Implement Cross Currency Swaps, Forwards, and back-to-back financing for foreign denominated loans where applicable.
• Negotiate with Bank for appropriate rates for Foreign Exchange Transactions (Spot and/or forward).
• Implement transactions (spot and/or forward) to ensure that Company requirement in terms of foreign currency is met at the lowest costs.

Treasury Reporting

• Responsible for disseminating Treasury Reporting both internally and to the Group.
• Ensure that verified and approved Management Information, debt covenants, and any other such requirement are shared with the funding partners.
• Report and attend the monthly Treasury call with the Group Treasury Team.
• Prepare quarterly cashflow forecasts and share with Group Treasury within the specified timelines.
• Ensure that all Key Performance Indicators for Treasury are within acceptable range.

Provisions, Write-offs and Recoveries

• Recommend Provision for bad and doubtful debts according to Group policy (ECL workings).
• Recommend Recoveries adjustments.
• Recommend Bad Debt Write-offs.

Risk Management

• Preparation of Asset and liability reports to be presented at the ALCO committee meetings.
• Monitor interest rate, credit, and liquidity risks, report on gaps, and recommend actions to remedy the gaps.
• Perform Stress test and scenario analysis.

Key Challenges

• Optimize company resources, updated policies, procedures, controls and reconciliation to reduce risk.
• Ensure timely payments to both suppliers & staff.
• Maintain optimum pricing from lenders.

Qualifications, Skills, and Experience

Qualifications & Experience:

• Degree in Commerce or Finance or Banking, and Treasury Qualification.
• ACCA/ CPA or MBA or Treasury Qualifications are an advantage.
• Minimum of 3–6 years’ experience in treasury management, finance, or accounting roles.

Technical Competencies:

• Deep knowledge of Treasury policies, procedures & controls.
• Ability to manage cash, forecast, and plan cash flow.
• Proficiency in Banking transactions.
• Understanding of Transfer Pricing Policies & Laws.
• Experience managing Risk & Forex exposure.
• Familiarity with Business Control framework.

Soft Skills:

• Ability to manage multiple priorities and deliver under tight timelines.
• Analytical mindset.
• Strong stakeholder management and communication skills across senior leadership levels.
• Good interpersonal & communication skills with excellent customer service.
• A team player with the drive to improve performance.
• Ability to work independently under minimum supervision.

Success in This Role Will Mean

• Liquidity Optimization and Excellent Cashflow planning.
• Financial risks are identified, measured, and controlled effectively.
• Having a robust funding pipeline and reliable access to funding at competitive terms (Funding & Capital Structure).
• Strong Internal Controls, Accurate Reconciliations, and Clean audits with no significant findings (Treasury Operations & Controls).
• Value Creations and Stakeholder Satisfaction (Business Partnership & Strategic Value).
• Upholding ASA International Kenya’s core values, promoting teamwork and compliance, and supporting management in achieving overall business objectives.