Position Title: Deputy Manager- Treasury, Investments & Credit Control
Tenure: Full Time
Reporting to: General Manager- Treasury, Investments & Credit Control
Department: Finance
Location: Nairobi
Profile Introduction: Our client in the Insurance Industry seeks to bring on board a Deputy Manager shall be responsible for supporting the efficient management of the company’s investment portfolio.
The ideal candidate is a robust in risk management practices strategy of pursuing balanced growth, increasing market share and maximizing shareholder wealth.
Key Areas of Responsibility:
- Efficiently and actively (day-to-day) managing the company’s entire investments portfolio made up of Government Bonds, Corporate Bonds, Quoted Equities, Non-Quoted Equities, Bank Deposits, Cash at Bank and Properties and daily reporting on the Company’s daily performance to the GM.
- Actively (day-to-day) participate in bonds and equites trading at the NSE and daily reporting on the Company’s daily performance to the GM
- Actively (day-to-day) managing the company’s Treasury Function and manage liquidity and daily reporting on the Company’s daily performance to the GM.
- Develop and update investment/treasury/credit policies on regular basis
- Reporting on the Company’s investment performance to the Management, Board Investment Committee, and the Board.
- Generate investment income revenues to meet the set targets.
- Maintain of counterparty relationships, accounts, credit/trading limits and correspondence.
- Maintain of external relationships with regulators and market bodies.
- Mobilize funds from premiums collections and other investments to fund the balance sheet.
- Manage pricing of the company liabilities.
Key Functions:
- Reconcile debtors sub-ledger to General ledger
- Maintain weekly collections as per approved forecasts and maintain an updated collection report.
- Identify changes in payment patterns and propose action to avert indebtedness
- Provide information for recommending bad debts provision in line with credit policy
- Ensure all Client reconciliation issues are raised with respective departments and sorted out.
- Collect all outstanding debt from customers within the credit control policy and as per set targets.
- Ensure correct weekly debtors reports circulation for debtors and cash inflow forecasts
- Ensure monthly debtors’ statements generation and emailing
- Monitor the actual and projected exposure against credit limit
- Analyze and reconcile all client statements and circulate monthly to all stakeholders to facilitate collection.
- Ensure credit policy relevancy, compliancy, and adherence (Held, Suspended Accounts)
- Creation of new customer accounts as per policy
- Ensure credit accounts are created only after getting fully approved credit application forms
- Co-ordinate monthly credit control meetings.
Minimum Requirements:
- Bachelor’s degree in Finance, Accounting, Business, Statistics, Mathematics, Economics, or related fields from a recognized institution.
- Certified Public Accountant (CPA- K) or Certified Financial Analyst or its equivalent whether fully/part qualified
- Eight (8) years’ experience in Treasury & Investments function out of which 5 years should be at Head or senior management level in a financial institution.
- Five (5) years’ experience in active bonds and equites trading at the NSE
- Excellent interpersonal, communication and negotiation skills
- Excellent writing and presentation skills.
- Critical thinking and problem-solving skills
- Excellent decision-making and leadership capabilities
- Customer and Stake holder management skills
- Ability to work under pressure and within strict deadlines
- Entrepreneurial/Commercial mind-set
How to Apply:
If qualified and up to the challenge, share your CV to vacancie@stratostaff.co.ke with the subject Deputy Manager- Treasury, Investments & Credit Control by 16th November 2022, attach your CV.
Only shortlisted candidates will be contacted.