Job Summary

Manage the Groups Assets and Liabilities (Liquidity management, Borrowings and Investor engagement).

Job Details

  1. Quantifying, analyzing current and planned levels of risk exposure and ensuring Asset and Liability Committee (ALCO) is aware of risks and opportunities
  2. Developing and preparing financial reports that analyze the subsidiary and Group level balance sheet, profitability, foreign exchange risk, liquidity risk, market risk and interest rate risk; assist with drafting ALM policies and procedures and also, ensure that interest rate of return (IRR) remains within policy levels.
  3. Understanding relationship between Cash Management processes, General ledger and intercompany position/balance – be able to apply knowledge when needed as team explores different solutions to liquidity and asset liability management.
  4. Establish, understand and have active knowledge of weekly group wide and subsidiary level cash position and manage Group Liquidity.
  5. Maintain template for weekly positioning and cash tracking for the Group; Prepare and analyse Group Historic and Forecast Cashflows.
  6. Interact with internal contacts and outside bank personnel and investment management personnel assigned to Letshego
  7. Ensure timely reporting to all internal and external stakeholders on all matters central to ALM (i.e CFO report and Group Risk reports; Group Asset and Liability Management Committee); Automation of ALM reporting.
  8. Monitoring and re-checking of interest and charges applied by lenders and related transactional charges;
  9. Prepare & report on financial covenants required by Group lenders;
  10. Monitor and ensure interest and principles due are paid and funded in a timely manner; meeting cash and liquidity requirement of the Group and subsidiaries; produce interest and principal confirmation report.
  11. Update and manage the Borrowings template with new funding lines and matured funding; Verify that appropriate plans are in place and executable with respect to rolling facilities forward or obtaining new facilities
  12. Track Group Savings and interest yield in customer and product segments.
  13. External Funding data support and funder templates completion in advance of funding opportunities.
  14. Extract daily foreign exchange rates and communicate to subsidiaries for reporting and daily transactions; upload onto General Ledger System.
  15. Preparing Monthly Letshego Mauritius Limited management accounts, annual financial statements.
  16. Manage foreign currency exposures across the Group, verify FX open positions; determine hedging instruments, identify any areas with Interest rate, FX risk the business may not have identified and tracking economic activities through BMI reports, across the Groups footprint.
  17. Review capital adequacy ratio for the subsidiaries and ensure that it is within regulatory and Group limits at each reporting date.
See also  Anti Money Laundering Compliance Officer at BBS BANK LIMITED

Requirements

  • Bachelors of Finance (Degree)
  • Certificate in Treasury Fundamentals from Association of Corporate Treasurers, Level 1 or 2 CFA, ACI Dealing Certificate from Financial Markets Association an added advantage.
  • Financial Analysis Fundamentals and Fixed Income Fundamentals from Corporate Finance Institute┬« (CFI)
  • 1-2 years Finance Background with an understanding of financial reporting and processes
  • Liquidity management understanding
  • Capital and debt instruments understanding
  • Experience in a financial institution, or investment house
  • Funder house experience

 

Closing date: July 12, 2024

 

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