Senior Manager – Treasury & Cash Management Full Time NEW

We are seeking a talented and experienced professional to lead our Treasury department as the Senior Manager. In this role, you will be responsible for the overall management of treasury operations, including forex and cash management, and establishing strong banking relationships to support our business objectives. Your expertise will be crucial in ensuring the company’s financial stability and optimal utilization of cash resources.

Role purpose: 

Efficient management of the company’s liquidity, funding, financial risk and treasury operation across group companies in line with approved policies. This includes secure investment of cash resources as well as providing or securing the financial resources required by Safaricom and its subsidiaries to meet their business objectives in a timely, cost-efficient and secure manner.

Efficient management of all treasury operations including forex and cash management; ensuring the company has the best banking products and services for its operations; responsibility for all banking relationships; accurate cash flow forecast reporting.

Key accountabilities and decision ownership:

A. Treasury policy, governance and internal controls

•     Implement and update Treasury policies covering forex, cash management, banking procedures, and actualization for cash flow forecasting, in line with industry best practice, Group policy, Board approvals and local regulations.

•    Ensure appropriate procedures are in place to safeguard receipt of monies, prompt banking, and immediate detection and escalation of non-compliance.

•    Ensure the adherence to approval mandates for all payments, interbank and intercompany fund transfers, and report any breach to senior management.

•    Ensure all payment requests for goods, services, and statutory/duty payments are appropriately supported by invoices and required documentation, and that payments are made only to legitimate parties using approved vendor master data.

B. Liquidity, cash flow forecasting and cash management

•    Implement budgeted cash flow forecasts and monitor ongoing liquidity requirements across the company and subsidiaries.

•    Ensure preparation and actualization of cash flow forecasts on agreed periodic basis, including variance analysis and explanation between forecast and actual cash flow.

•    Ensure timely execution of payments in line with cash forecasts and agreed plans, avoiding missed payments and unnecessary costs.

•    Drive maximum automation of cash management and bank reconciliation.

C. Banking operations, reconciliation and payment systems

•     Ensure bank reconciliation for all bank ledger accounts is performed strictly in accordance with the Bank Reconciliation Policy and variances are resolved expeditiously

•    Ensure banking procedures, technology specifications, and instructions are properly communicated to banks and implemented to secure electronic receipts and payment processed.

•    Ensure the electronic payment system runs smoothly, including oversight of generation, review, approval, and transfer of electronic payment files.

D. Funding and financial risk

•     Participate in sourcing borrowings and ensure compliance with all borrowing requirements and covenants, monitor repayment obligations and funding conditions.

•    Develop mechanisms to identify and monitor FX exposures (e.g., when commitments are raised and economic exposure periods) and recommend hedging/cover actions as appropriate.

E. Cash investment and return optimization

•    Identify opportunities for investment of excess cash (short- and long-term) and negotiate optimal yield rates from the market, including for Mpesa Trust accounts.

•    Monitor bank charges and pricing and actively negotiate to secure best possible rates and banking products for the business.

F. External environment monitoring and advisory

•     Monitor economic indicators and trends in Ethiopia (interest rates, forex rates, inflation), banking sector health/risk profile, and National Bank of Ethiopia regulations, and ensure the CFO is updated with timely insights and recommendations.

G. People management and capacity building

•     Lead, coach and develop treasury staff; align performance indicators, manage workload, and ensure staff development, motivation, discipline and wellbeing.

Core competencies, knowledge and experience:

Business competencies

• Leading others
• Be agile and results focused
• Consciously takes steps to make the most of every conversation/interaction
• Identifies people’s needs, interests and motives to be able to influence the decisions they make
• Communicates simply to excite and engage people
• Pro-actively adapts own style and approach to build rapport, and work with others more effectively
• Builds and maintain strong relationships and networks

Operational Excellence

• Targets effort and resources on high-value, high impact activity
• Focuses on achieving maximum performance and driving continuous improvement
• Think about processes and problems cross-functionally and end-to-end
• Uses knowledge of products, technology, process, systems and policy to solve problems

Creativity and Innovation

• Finds creative ways to exploit opportunities and solve problems
• Takes risks and pushes what is possible
• Experiments with unorthodox approaches

Business Know how

• Uses data and research to make decisions that are competitively and financially robust
• Balances current and future needs
• Thinks and acts like an owner of the business
• Acts in line with legal, regulatory, professional and ethical standards

Working with Change

• Responds flexibly to changing situations
• Manages the business and people aspects of change to drive performance

Project and Programe Management

• Defines scope and deliverables in terms of time, cost, quality and business benefit
• Schedules activity and identifies resource needs, dependencies and synergies
• Evaluates progress, mitigates risks and addresses issues

Functional Competencies:

Treasury

• Develops and advises on funding strategies for the business

Experiences

• Experiences in financial and regulatory environment and exchange control.
• Experiences in company law- legal agreements, loans, bank facilities, share purchase agreements, etc.
• Ability to interpret treasury policies and financial statements
• Knowledge of investment portfolio strategy, banking, and financial instruments
• Knowledge of tax (Local and cross border)
• Knowledge of governance and compliance procedures.
• Understanding derivatives.
• Advanced analytical, organization, and interpersonal skills.
• Excellent collaboration, verbal and written communication skills.
• Able to break down problems into meaningful parts and come to rational and well-thought-out conclusions.
• Demonstrated strong project management skills.
• Attention to detail and accuracy.
• Interested in process improvement.
• Willing to adapt quickly to quick changes in direction.
• Internally motivated to seek out answers, generate ideas, and develop new skills.

  Key performance indicators:

1. Policy and compliance

• Treasury and related policies reviewd, updated and communicated in line with Group/Board requirements.
• Nil incidents of non-compliance with Treasury policies, approval mandates (DOA), and regulatory requirements; breaches detected and escalated immediately.

   

  B. Cash forecasting and liquidity management

   

• Cash flow forecasts prepared and actualized on agreed periodic basis with documented variance explanations.
• Forecast accuracy maintained at an agreed target level (e.g., monthly variance within tolerance levels) and continuously improved through automation and better data capture.
• Daily cash position reporting produced clear day-on-day movement explanations and liquidity risks escalated proactively.
• Zero missed critical payments (e.g., debt service, contractual and statutory payments) due to treasury execution failure.

  C. Banking operations and reconciliation quality

   

• 100% of bank reconciliations completed, reviewed and approved within the timelines set in the Bank Reconciliation Policy
• Reconciling items followed up and resolved within agreed SLA; no long-outstanding reconciling items.

  Direct reports: 

• Senior Accountant Treasury

• Qualified Accountant CPA /ACCA/CIMA/ACA and a member of a professional body with a finance or related Honors degree from a recognized university would be preferred
• 5-8 years accounting and treasury experience in a well-run company
• 3-5 year(s) at a manager level extensive experience in treasury operation such as bank reconciliations, managing multiple bank accounts including retail collection accounts and complex treasury and banking payment systems.

                                                        About Us

  At Safaricom Ethiopia, we are a purpose-led technology company dedicated to transforming lives through digital connectivity and inclusive financial services. In under four years, we have grown to serve over 10 million customers, with our network now reaching 55% of Ethiopia’s population – a testament to our bold vision and trusted partnerships.

  Guided by core values such as customer obsession, innovation, integrity, and get it done together, we are building a workplace that is dynamic, inclusive, and empowering. We believe our greatest strength lies in our people. That’s why, for two consecutive years, we have proudly get earned the Top Employer Award – in recognition for our unwavering commitment to fostering a supportive, innovative, and inclusive environment to people.

  Join Safaricom Ethiopia and be part of a team that is shaping the digital future of Ethiopia. Here, your work has meaning, your voice matters, and your growth is our priority. Together, we are transforming lives for a digital future     

   

How to Apply

• If you feel that you are up to the challenge and possess the necessary qualification and experience, kindly proceed to create/ update your candidate profile on the recruitment portal and then Click on the apply button. Remember to attach your resume