Treasury

Job description

Job Title: Treasury (Zimbabwe)

Reporting to : Financial Controller South East Africa

Location : Harare

Grade : 1E

Unilever South East Africa is a Multi Country Organization (MCO) made up of 4 Unilever companies – Malawi, Mozambique, Zambia, Zimbabwe. This role is based in Harare and manages treasury for the 4 countries.

Liquidity Management support to Global Treasury

· Engagement with Global Unilever Treasury (GTC)
· Cash forecasting to gauge cash requirements
· Monitoring of cash balances and forex requirements
· Net debt and interest costs forecast (prepare, analyze and submit to Global Treasury)

Manage bank relationships

· Signatories
· New or changing bank facilities
· Relationship management with banks

Forex Exposure

All 4 countries are importers, therefore every week there is a need to buy forex from banks to be able to pay foreign creditors

Reserve Bank compliance for all 4 countries

· Application of all Reserve Bank Approvals through bank liaison
· Inward funds confirmation to the banks
· Facilitating the Reserve Bank admin requirements when paying out Dividends
· Facilitating the Reserve Bank admin requirements when paying interest on foreign loan
· Indicate to the business the Reserve Bank implications/consequences related to transactions and processes

Interest Forecast

· Computing the Interest forecast calculation for the year
· Submission to GTC

Concern Loan, Interest payments, Repayments & Extensions

· Ensuring corporate governance is observed (board resolution for any renewals)
· Ensuring compliance with Central Banks is maintained
· Facilitating the payment of interest or repayment (engaging with the Banks and GTC)

Dividend payment

· Ensuring corporate governance is observed (board resolution, Liquidity test signed off by management)
· Ensuring Reserve Bank compliance is maintained (Reserve Bank approval)
· Facilitating the payment (engaging with the Banks and GTC)

Service payment

· Ensuring Reserve Bank compliance is maintained (Reserve Bank approval for all 4 countries)
· Facilitating the payment (engaging with the Banks and GTC)

Finflex

· Preparation of a the Finflex deck
· Bi-annual call/face to face update on Treasury projects, Tax update, Free Cash flow and Forecast view on major payments e.g. Dividends, Service fees etc
· Discussion on Forex policy and any other Cash issues/developments
· Platform for GTC to identify and communicate opportunities for the MCO

Documentation

· Service Level Agreements
· Verbal Dealing Authority
· KYC with banks

Project

· Liaising with internal stakeholders on urgent treasury issues.
· Projects (High Radius, Stokvel etc.)
· Ad-hoc (analyses, presentations etc.)

Qualification required:

University Degree