Safaricom Ethiopia is a leading telecommunications company committed to driving digital transformation and financial inclusion in Ethiopia. We are seeking a highly qualified and experienced professional to fill the following position:
Position: Manager – Cash Flow Planning & Management (Re-Advertisement)
- Business Unit: Finance
- Location: Addis Ababa, Ethiopia
- Employment Type: Full-time
Role Purpose
The role is responsible for the efficient management of cash, funding, and financial risk across group companies in line with approved policies. This includes secure investment of cash resources, timely and cost-effective financial resource management, and ensuring proper banking relationships. The role also oversees forex and cash management, dividend payments, and financial risk mitigation.
Key Responsibilities
1. Cash Flow & Treasury Management
- Review budgeted cash flow forecasts and monitor ongoing liquidity requirements.
- Ensure timely updates of cash actualization and cash flow forecasts using Oracle applications.
- Perform cash flow actuals for comparison with forecasts, ensuring data accuracy.
- Manage payments via electronic payment solutions and ensure adherence to contract terms.
- Invest centralized cash pools daily/overnight in the money market per treasury policies.
2. Risk & Financial Strategy
- Explore funding sources and enhance internal knowledge on financing options.
- Ensure capital structure aligns with business and financial strategies.
- Analyze and mitigate financial risks, including:
- Interest Rate Risk
- Foreign Exchange Risk
- Counterparty Risk (Bank risk assessments)
- Conduct annual reviews of group treasury policy for alignment and improvements.
3. Compliance & Governance
- Ensure treasury transactions are accurately recorded.
- Implement and monitor treasury policies for forex, cash management, banking, and forecasting.
- Ensure adherence to approval procedures for transactions and electronic payment security policies.
4. Financial Reporting & Stakeholder Management
- Prepare periodic cash forecasts and variance reports for management review.
- Liaise with business units, finance teams, and external stakeholders (banks, investors, etc.).
- Oversee dividend payment processes and ensure compliance with regulatory requirements.
5. Team Leadership & Development
- Define performance indicators and goals for treasury team members.
- Provide training and mentorship to build team capabilities.
- Ensure motivation, discipline, and performance management of staff.
Required Qualifications & Experience
- Education:
- Qualified Accountant (CPA / ACCA / CIMA / ACA).
- Bachelor’s degree in Finance, Accounting, or a related field.
- Experience:
- 5-8 years of accounting, finance, or treasury experience.
- At least 3 years in a supervisory role, focusing on cash forecasting and financial planning.
- Experience in building and reviewing financial models.
Core Competencies & Skills
- Strong knowledge of financial regulations and company law.
- Understanding of banking, financial instruments, and investment strategies.
- Expertise in tax (local and cross-border), governance, and compliance procedures.
- Advanced analytical, organizational, and interpersonal skills.
- Ability to interpret financial statements and accounting policies.
- Strong project management and process improvement skills.
- High attention to detail and problem-solving abilities.
- Excellent verbal and written communication skills.
Financial Responsibilities
- Prepare and monitor cash flow forecasts against actual receipts and expenditures.
- Manage day-to-day business funds to ensure optimal utilization and minimal costs.
- Advise on funding strategies for business operations.
How to Apply
If you meet the above qualifications and experience, please follow these steps to apply:
- Update your candidate profile on the Safaricom Career Portal.
- Click on the apply button and attach your updated resume.
- Application Deadline: March 31, 2025.
🔗 Application Link: Apply Here
Note: If you have previously applied for this position, you do not need to submit another application.
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