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Summary

This role will be responsible for leading day-to-day Treasury operations or requirements and any running or upcoming Treasury projects. Owing to the forex challenges which are experienced in Ethiopia, the activities conducted within this role are key to enable the growth and sustainability of our operations in Ethiopia. The role will be required to manage the liquidity and foreign exchange requirements effectively and efficiently for the business through strong partnership and collaboration with key banking industry stakeholders.

The role is expected to closely work and collaborate with the Unilever Global Treasury to ensure we have access to inter-company funding, and cost-effective world class banking services and sources of finance. You will work with the Global team to implement financial flows to and from Ethiopia, including dividends, service fees, royalties, capital repatriations and loan repayments.

It will also be required to own and continuously improve the Treasury compliance processes in line with the Global Treasury standards and local regulations.

This Role Will Enable You To

• Expand your personal leadership profile in a regional, global, and cross-cultural context
• Apply financial skills/ experience in both executional and strategic context
• Work as part of a diverse and inclusive team, operating in a multi-cultural environment
• Gain experience to effectively influence key stakeholders globally
• Build an internal and external network of international contacts, including external stakeholders in financial markets.

Key Accountabilities

• Banking
• Lead and work with Regional / Global Treasury to ensure adequate facilities are available to meet existing and future business funds requirements
• Develop and maintain effective operational network with key Banks/Financial Institutions to ensure smooth operations and harness opportunities
• Responsible for administering role for Bank related systems
• Co-ordinate and ensure documentation in place to transact with Banks (facilities letter, documentation, director’s resolution etc)
• Financial Accounting
• Ensure accurate and timely internal reporting for both statutory and internal reporting of the Treasury function. These includes Reviewing journals on Interest charges, bank charges, Loans, FX differences arising out of settled FX contracts, settlement of payments and collections etc
• Liquidity Management
• Ensure Unilever’s financial assets are safe guarded with proper planning of short-, medium- and long-term cash requirements. This includes funding requirements and maximizing long term returns on excess liquidity.
• Forecast day-to-day cash flow positions, related borrowing needs, and available funds for investment.
• Identify opportunities for cost savings or increase returns on excess cash.
• Reviews company’s cash forecast and performs an analysis on the projected vs. reported cash holdings.
• Exposures management
• Mitigates financial risks related to the interest rates on the foreign exchange positions.
• Governance, Compliance & Documentation
• Maintains policies and procedures that impose an adequate level of control over treasury operations.
• Ensures all transactions are completed in accordance with the Schedule of Authorities and are properly documented.
• Responsible for the Treasury Policy compliance and observing Forex limits
• Establish and report treasury KPIs
• People Development:
• Drive performance management, career planning, development planning and succession planning for team and self

Skills / Experience Required

• Bachelor’s degree in Finance/Accounting or related field of study (Professional qualification in accounting e.g., ACCA, CIA, CIMA, CPA etc will be an added advantage)
• 5 years minimum relevant working experience in Banking environment or similar role
• Excellent knowledge and experience on Ethiopia Treasury & banking regulations, systems, and network.
• Strong Treasury project management and organisational skills
• Ability to build relationships while holding stakeholders accountable
• Ability to make the complex simple
• Excellent written and oral communication ability
• Strong SAP knowledge or any other known ERP system

Key interactions/Relationships

• Ethiopia Finance Manager
• East Africa Finance Director
• Ethiopia Country Leadership Team
• East Africa Finance Leadership Team
• Global Treasury Team
• Bankers
• External Auditors