[Hiring] Treasury Manager @Fika

Role Description

The Treasury Manager safeguards Fika's cash across its multi-country footprint. They own daily cash positioning, liquidity forecasting, banking relationships, and foreign exchange management, ensuring country offices are funded on time and donor funds are held and moved securely. The role establishes the treasury policies, payment controls, and signatory discipline Fika needs as it scales.

Duties and Responsibilities

• Cash positioning and liquidity management
  • Monitor daily cash positions across headquarters and country office bank accounts.
  • Execute inter-account and inter-company transfers to keep each entity adequately funded.
  • Maintain short-term liquidity buffers aligned with payroll, program disbursement, and grant advance cycles.
• Cash flow forecasting
  • Build and maintain short- and long-term cash flow forecasts focused on liquidity: the timing of cash in and out.
  • Draw on grant disbursement schedules maintained by the Grants Finance team and organizational forecasts from Financial Planning to align liquidity planning with funding realities.
  • Report forecast variances and emerging liquidity risks to the CFO with recommended actions.
• Banking relationships and administration
  • Manage Fika's banking relationships across its operating countries, including account structures, mandates, and e-banking platforms.
  • Administer bank signatory lists and approval matrices, keeping them current with staff changes.
  • Lead the opening and closing of bank accounts and negotiate banking fees and service terms.
  • Ensure banking operations comply with local regulations in each jurisdiction.
• Foreign exchange management
  • Monitor foreign exchange exposures arising from donor-currency inflows and local-currency spending.
  • Oversee currency revaluations and report exchange gains and losses.
  • Advise on hedging strategies (spot and forward transactions) and provide foreign exchange guidance to country finance teams.
• Treasury policy, controls, and risk
  • Develop and maintain Fika's treasury policy, covering cash management, payments, foreign exchange, and investments.
  • Strengthen payment controls, including segregation of duties, approval workflows, and fraud prevention measures.
  • Support internal and external audits on treasury and cash controls.
• Investment of reserves
  • Invest idle cash and reserves in line with the Board-approved investment policy, prioritizing capital preservation and liquidity.
  • Report investment performance and compliance to the CFO and the Finance and Audit Committee.

Qualifications

• Bachelor’s degree in Finance, Accounting, Banking, or a related field.
• Minimum of five years’ experience in treasury or a related finance function within a multi-entity or multinational environment.
• Demonstrated experience in multi-currency cash management and foreign exchange.
• Professional treasury certification, such as CTP, AMCT, Chartered Treasurer, or equivalent, preferred. CPA or ACCA is also accepted.
• Experience with treasury management systems, SWIFT, and ERP platforms, with advanced Excel skills.
• Strong understanding of payment controls, banking operations, and cash-related internal controls.
• Excellent organizational skills and attention to detail, with the discretion required to manage sensitive financial operations.
• Ability to work effectively across cultures and time zones.

Working Conditions

• Work arrangement: Remote.
• Regular collaboration with colleagues across Africa, Europe, and the United States.
• Occasional international travel to country offices, estimated at approximately 10%.

Physical Requirements

• The role is office-based and is not physically demanding.

Direct Reports

• No direct reports initially. The role works through country Finance staff on cash management and banking matters. The team structure will be reviewed as transaction volumes grow.

Data Protection

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