Job Title:  Treasury Manager

Organisation: ASA Microfinance Uganda Ltd (ASA Uganda)

Duty Station: Kampala, Uganda

Reports to: Chief Financial Officer

About Organisation:

ASA Microfinance Uganda Ltd (ASA Uganda) is a for-profit, non-deposit taking Microfinance Institution, operating as a microfinance company and regulated by the Uganda Microfinance Regulatory Authority (UMRA). ASA Microfinance Uganda Ltd is also a member of the Association of Microfinance Institutions of Uganda (AMFIU). ASA Uganda commenced operations in 2013. ASA Uganda is a subsidiary of ASA International, one of the world’s largest international microfinance institutions globally and operates in 13 countries in Africa and Asia. The company was listed in the premium segment on the London Stock Exchange in July ’2018.

Job Summary:   Manage and Coordinate the Treasury (Cash management, ALCO, FX, Funding) Credit and risk Portfolio in the Finance Function of ASA Microfinance (U) Limited.

Key Duties and Responsibilities:

Treasury

Sourcing for Funding.

• Support and manage local financing activities, including loan facilities, credit lines, and operational funding requirements.
• Prepare and submit required documentation for financing negotiations, regulatory compliance, and reporting obligations.
• Ensure full compliance with local financial laws, tax regulations, and internal audit requirements.
• Deposit mobilization and management

Cash Management

• Funding plan preparation, updates and analysis of funding prices to obtain optimal pricing
• Daily Cashflow monitoring by maintaining a balance between liability settlement and collections.
• Investment of idle cash more while ensuring expected level of liquidity is maintained

Manage Bank and Partner Relationships

• Act as the Primary Focal Points for all Banks
• Ensure that the Company Facilities with the Banks and partners are properly maintained and documented
• Negotiate and implement favorable terms on the funding Facilities and as may be required by Local or Group treasury Management
• Ensure that the Company interest is safeguarded from exposure, including but not limited to fraud and misappropriation
• Maintain the Signatory Lists as per the Group Policy both internally and with the Banks.
• Monitor Interest Rates movements and ensure fair pricing to the Company.
• Scan the market and propose new Banking and Partner Relationships that may be worth to the Company.

Banking Transactions and Balances

• Ensure that all transactions in the Banks are timely, correct and as approved.
• Ensure timely and correct capture of Banking Transactions in AMBS
• Monitor Bank Balances to ensure optimum interest exposure
• Monitor Bank Balances to ensure funds are available to meet the Company’s requirements
• Calculate, verify and challenge Interest Costs charged by the partners and ensure correct booking in the System
• Ensure that all Banking Platforms are safe and operational

Exchange Rate Management

• Monitor Exchange Rates movement and keep Management informed of changes
• Follow on impact of Exchange Rates movements, advise Management of Hedging Requirement as per Group Policy and apply hedging where required and agreed
• Implement back-to-back financing for foreign denominated loans where applicable.
• Negotiate with Bank for appropriate rates for Foreign Exchange Transactions (Spot and/or forward)
• Implement transactions (spot and/or forward) to ensure that Company requirement in terms of foreign currency is met at the lowest costs.

Mobile Financial Services

• Ensure all Mobile Financial Services transactions are reconciled and allocated to respective third parties.
• Ensure revenue assurance and recognition is completed for all

Treasury Reporting

• Responsible for disseminating Treasury Reporting both internally to Group and to external debt partners
• Ensure that verified and approved Management Information, debt covenants and any other such requirement are shared with the funding partners
• Report and attend the monthly Treasury call with the Group Treasury Team
• Prepare quarterly cashflow forecasts and share with Group Treasury within the specified timelines.
• Ensure that all Key Performance Indicators for Treasury are within acceptable range.

Credit Management and Cash Collection

Third party collection agencies and legal action:

• Use of Collection Agency debt > 90 days overdue

Provisions, write-offs and recoveries: Recommend:

• Provision for bad and doubtful debts according to Group policy (ECL workings)
• Recoveries adjustments
• Bad Debt Write-offs

Risk Management

• Preparation of Asset and liability reports to be presented at the Risk committee meeting
• Monitor interest rate, credit and liquidity risks, report on gaps and recommend actions to remedy the gaps

Qualifications, Skills and Experience:

• Degree in Commerce or Finance or Banking, and Treasury Qualification
• ACCA/ CPA or MBA and CFA stage 1 or 2 are an added advantage
• Treasury policies, procedures & controls
• Minimum of 5 years’ experience in treasury management, finance, or accounting roles.
• Manage cash, forecast, plan cash flow
• Deposit mobilization and management experience
• Risk & forex exposure
• Business Control framework
• Strong analytical and problem-solving skills
• Good communication and interpersonal skills and knowledge of the country’s economic landscape

Applicants who meet the above requirements can send their applications, Curriculum Vitae, copies of relevant academic and professional qualifications, contact details for three (03) professional referees and a day-time telephone number, to the address below:

The Head Human Resource & Administration,

ASA Microfinance (U) Ltd,

Plot 5195 Buye- Kigowa, Ntinda,

P.O. Box 245, Ntinda

Kampala, Uganda

Email: head.hr@asauganda.com

ASA Microfinance (U) Ltd is an equal opportunity employer and aims to attract and select a diverse workforce, ensuring equal opportunity to everyone, irrespective of race, age, gender, class, ethnicity, disability, location, and religion.