Job Summary
Manage the Groups Assets and Liabilities (Liquidity management, Borrowings and Investor engagement).
Job Details
- Quantifying, analyzing current and planned levels of risk exposure and ensuring Asset and Liability Committee (ALCO) is aware of risks and opportunities
- 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.
- 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.
- Establish, understand and have active knowledge of weekly group wide and subsidiary level cash position and manage Group Liquidity.
- Maintain template for weekly positioning and cash tracking for the Group; Prepare and analyse Group Historic and Forecast Cashflows.
- Interact with internal contacts and outside bank personnel and investment management personnel assigned to Letshego
- 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.
- Monitoring and re-checking of interest and charges applied by lenders and related transactional charges;
- Prepare & report on financial covenants required by Group lenders;
- 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.
- 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
- Track Group Savings and interest yield in customer and product segments.
- External Funding data support and funder templates completion in advance of funding opportunities.
- Extract daily foreign exchange rates and communicate to subsidiaries for reporting and daily transactions; upload onto General Ledger System.
- Preparing Monthly Letshego Mauritius Limited management accounts, annual financial statements.
- 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.
- Review capital adequacy ratio for the subsidiaries and ensure that it is within regulatory and Group limits at each reporting date.
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