Manager Cash and Banking - TSTT

To efficiently manage TSTT's financial resources related to Cash, Banking transactions and liquidity.

Applications are invited from suitably qualified individuals to fill the following position of:

MANAGER CASH AND BANKING – TREASURY AND VENDOR MANAGEMENT - FINANCE

JOB SUMMARY

JOB PURPOSE

To efficiently manage the organisation’s financial resources related to cash, banking transactions and liquidity. Analyze and ensure assigned reconciliations are completed timely, manage and control TSTT’s Petty Cash System and printing of company cheques and process critical wire transfers. Establish processes and procedures to ensure that cash collected by the agents or dealers is deposited or transferred to the company's accounts and plan for the optimal use of and reinvestment strategies for its surplus cash.

KEY FUNCTIONS

• Efficient management of cash, ensuring maximizing use of surplus cash. This includes management of both TTD and foreign currencies, as well as continuous liaising and negotiations with various banking institutions.
• Responsible for receipt of funds and opening of new loan accounts; includes reflection and set-up of liability on the General Ledger and addition to the manual loan schedule.
• Responsible and accountable for all Cash and Banking General Ledger entries, including receipt, review and sign-off on all relevant journals. Ensure all entries in the related General Ledgers are done in accordance with International Accounting Standards.
• To prepare assigned reconciliations and schedules as per Financial Close timelines, ensuring all reconciling items are investigated and cleared timely. This includes bank reconciliations and Loan schedules.
• To prepare routine required cash flows, along with ad hoc cash flows for review by Senior Manager and submission to relevant stakeholders which includes Executives, Directors, Shareholders, Bond Holders and relevant Ministries.
• Ensure that cash collected by the agents or dealers are deposited or transferred to the company’s accounts in line with the company’s SLA.
• To develop and improve mechanisms, policy and processes for all areas of responsibility.
•  Work closely with the Vendor Management department to development monthly payment list and timing of payment based on cash flow forecast and available cash.
• To confirm payments with bank personnel, ensure receipt of payments are received.
• Responsible and accountable for approval of cheques to be printed, wire transfers and petty cash disbursements whilst ensuring all items are valid for payments based on the company’s controls.
• Perform various required calculations inclusive of withholding taxes.
•  Responsible for management of cash and banking related transactions and functions for new products under TSTT’s Emerging Services and Innovation department. Also ensure compliance with all procedures, policies and legal framework around these new products.
•    To conduct analysis of assigned bank account balances for submission of related reports; provide recommendations to management based on the analysis of reports.
• To monitor and report on expenditure for assigned areas of finance; analyze and investigate past results, perform variance analyses between budget and actual revenue and costs reported, and prepare monthly, quarterly and annual variance reports; To provide and complete inputs into the preparation of monthly management accounts.
• To consult and liaise with internal and external auditors to design policy for the management of the Company’s cash and the fraud investigation units of the organization as necessary.
• Manage all aspects of employee performance and ensure adherence to all HR Industrial Relations policy and practices.
• Ensures that all work is done in accordance with established safety practices and procedures.
• Performs such other related duties as may be assigned by the Senior Manager, from time to time.

EDUCATION & EXPERIENCE

• Bachelor’s degree in finance, or

ACCA, CIMA, CMA and/or equivalent will be considered an asset.

• An MBA will be an asset.
• A minimum of five (5) years’ experience in Management of the Treasury Unit, Cash Management and Investment or in managing the Financial Accounting function of a medium to large organization, three (3) years of which entails management experience in a Telecom environment.
• Proficient in Microsoft Office suite.
• Experience with Oracle-based accounting software systems.

FUNCTIONAL COMPETENCIES

• Accounting Procedures, Policies and Compliance -Includes knowledge and compliance to professional accounting standards, requirements, and procedures related to the business (i.e. IFRS or GAAP).
• Financial and Management Accounting - The ability to understand and demonstrate financial statement preparation, compliance, and analysis, reconciling operational processes and their underlying financial transactions. Includes features such as cost management, revenue, and profitability management.
• Financial Planning - Includes skills such as budget development, forecasting, and analysis; also includes the ability to set financial goals and manage financial resources.
• Data Analysis & Reasoning - Analyses and draws insights from relevant data to identify organizational challenges and opportunities. Uses storytelling to effectively communicate insights and actionable, data-informed recommendations. Makes Decisions based on the recommendations.

CORE AND LEADERSHIP COMPETENCIES

Organisational Awareness: Contributes to the organisation by understanding and aligning actions with the organisation's goals, core functions, needs, and values. Contributes to the organisation by actively demonstrating the alignment of activities with the organisation strategies, key initiatives, core functions, needs, and values and supporting others to do the same.

Customer Focus: Prioritises and takes action on the needs of both internal and external customers. Designs and delivers products and services with the customer experience top of mind.

Planning and Results Orientation: Invests time in upfront planning to achieve organisational goals and objectives while meeting quality standards, following the appropriate processes, and continuously assessing results.

Creativity and Innovation: Thinks beyond the confines of traditional models to recognise opportunities and find new and better ways of doing things to be and remain an agile broadband provider. Encourages experimentation and accepts failure as a driver of innovation.

Communication: Effectively and appropriately interacts with others to build relationships, influence others, and facilitate sharing ideas and information. Uses tact and diplomacy to navigate demanding situations. Relays key messages by creating a compelling story targeted to specific audiences.

People Leadership: Inspires, motivates, and empowers people to achieve organisational goals. Coaches, mentors, and manages employee experience and performance through mindful preparation. Creates space for others to lead.

Managing Through Change and Uncertainty: Adjusts thinking and behaviour to resiliently face change and uses experience to fuel growth. Embraces failure as a learning opportunity for themselves and others. Enables the process of change and transition while helping others deal with the effects of change.

Relationship Building: Develops internal and external trusting, professional relationships. Purposefully develops networks to build value through collaboration.

Salary and Benefits: Applicable to a Section Manager position

Deadline date for applications: Wednesday 7th November 2024