Manager, Treasury Division job at VisionFund Micro-Finance Institution S.C

Vacancy title:
Manager, Treasury Division

[ Type: FULL TIME , Industry: Accounting , Category: Management ]

Jobs at:

VisionFund Micro-Finance Institution S.C

Deadline of this Job:
18 July 2022  

Duty Station:
Within Ethiopia , Addis Ababa , Horn of Africa

Date Posted: Friday, July 08, 2022 , Base Salary: Not Disclosed

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Learn more about VisionFund Micro-Finance Institution S.C
VisionFund Micro-Finance Institution S.C jobs in Ethiopia

1.1. Treasury Activities • Analyzing financial markets to identify trends in interest rates, inflation rates, or other factors that may affect vision Fund MFIs earnings or capital requirements • Analyze liquidity position of vision Fund MFI utilizing various techniques such as cash flow forecast, maturity gap analysis, financial ratios and a variety of ‘what if’ scenarios; • Compare and contrast the actual performance vis-à-vis the forecast and report to the ALCO; periodically. • Responsible for understanding, managing, and supervising all aspects of liquidity ratios in accordance with VF MFI expectations and best practices • Ensure monthly ALCO/ALM report is prepared & communicated and ensure timely ALCO Committee meeting is held. • Assess the maturity of Assets and Liabilities and aging of accounts receivable & Accounts payable and settlement accordingly • Establishing and maintaining relationships with banks and other financial institutions to ensure that VF MFI has an adequate supply of funds available when needed and to secure favorable interest rates • Advise Finance & Accounts Department, Management and take an active role in developing long-term and short-term investment and funding needs strategies • Monitor investments and borrowings to ensure that adequate liquidity is available to meet withdrawal demands and the growth of loans and investments • Ensure funds in excess of liquidity and reserve requirements are monitored • Ensure the management of settlement risk • Plans and executes supply of funds to and off-take of funds from branches and submits periodic reports • Regularly review and recommend in order to sets branches’ cash holding limits, standing instructions and signatory limit and ensure compliance with the limits • Ensure excess cash holdings are promptly deposited to the MFIs bank account or if any unmanageable reported to Treasure Division Manager • Monitor the fulfillment of the MFIs and statutory reserve and liquidity requirements and ensures that always as per expectation & required • Advise & recommend short term investment opportunities for excess liquidity proactively • Ensure that periodic liquidity reports are submitted to management & ALCO committee • Make analysis of the maturity distribution and the amount of funds that will be available • Ensure sufficient funds is available to meet maturing payment obligations and when applicable – ATM and payment & settlement account for digital payments • Recommend to open and close bank accounts. Administer all bank accounts, including new accounts, new signers and maintain clear records internally • Review for authenticity and accuracy the request and release of bank transfer requests • Ensure reports on the status of VF MFI cash flow forecasting, actual cash flows and liquidity position are prepared in order to measure the performance of VF MFI treasury function by linking with financial position, profitability, cash flow and capital structure • Ensure all internal policies & procedures and Government laws & regulations related to Treasury management are implemented accordingly • Regularly review and maintain treasury policies & procedures and recommend on need of policy changes to investment, liquidity management, interest rate risk, cash forecasting strategy and etc. based on market/business conditions and ensure proper cash management systems are in place to maximize efficiencies. 1.2. Staff Management • Manages, supervises, leads, guides and supports the staff of the Treasury & Budget Division; • Ensures the development of key technical skills of direct subordinates to increase their capacity to develop and undertake major initiatives and assume larger responsibilities to further expand operational impact and sustainability; • Completes all performance management activities including: performance planning, monitoring, and performance appraisals of staff reporting to him/her • Regularly mentor and coach subordinates to develop capacity based on evaluation 1.3. Reporting and Others • Submits periodic reports to the Accounts and Finance Department Director on the work of the Treasury function as stated above, but not limited • Performs other duties as assigned by the Director, Finance & Accounts Department Job Requirements 2.1. Education/Training • MA/BA Degree in Accounting/Finance or related fields. 2.2. Experience • Minimum total experience of 8/10 years for MA/BA Degree in Microfinance and or Banking Industry. • Relevant experience of minimum 5 years in Treasury • Minimum 4 years of senior/middle management experience in managing Treasury • Experience in a managing teams/unit • Experience in delivering high standard/quality of service and timely report 2.3. Behavioral Competency • Well organized and ability to act in a professional and ethical manner • Team Player • Has a “Can do attitude” • Analytical and observational skills. • Excellent Communication and Interpersonal skills • Service Quality Oriented • Leadership, team management, developing and mentoring skill • Relationship building, negotiation, problem solving and troubleshooting • Critical thinking and problem-solving skills • Adaptability 2.4. Operational Competency • Good planning, organizational, analytical and decision-making skills • Ability to develop forecasts • Ability to collect, analyze and interpret data • Ability to develop risk management plans and tools • Good presentation and analytical skill • Skilled in banking software, accounting tool and Microsoft office • Knowledge of the operational routine of Microfinance/Bank is essential • Understanding of the Cash Management, Account Services, Clearing and Payments functions is essential • Identifying problems and applying Risk Management techniques to resolve them • Comprehensive knowledge of regression analysis and time series methodologies • Comprehensive knowledge of data collection and evaluation techniques

Work Hours: 8

Experience in Months: 96

Level of Education:
Associate Degree

Job application procedure

How to Apply
Candidates who fulfill the above requirements can send the application letter, updated curriculum vitae with names and addresses of up to 3 references and non-returnable copies of credentials to  or in person to VF MFI SC Head Office located Geri Mebrat Haile in front of Mulmul Dabo or P.O.Box 31478

Women applicants are highly encouraged to apply!

Note: - Only short listed candidates will be contacted for subsequent assessment

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Job Info
Job Category: Accounting/ Finance jobs in Ethiopia
Job Type: Full-time
Deadline of this Job: 18 July 2022  
Duty Station: Ethiopia Addis Ababa
Posted: 08-07-2022
No of Jobs: 1
Start Publishing: 08-07-2022
Stop Publishing (Put date of 2030): 08-07-2066
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