Africa Treasury Lead (Remote) at PricewaterhouseCooper (PwC) Nigeria Full Time

Job Title: Africa Treasury Lead

Location: Remote
Employment type: Full-time – Executive

About the Job

• We have an exciting opportunity available for an Experienced Treasury Lead across Africa. The position is open to be based at any of the PwC African Offices, however this is NOT a fully remote opportunity, and attendance at the office is required on a hybrid basis.
• You will be responsible for the development and management of treasury strategy, policy and planning at a Group level; liaison and alignment with Group counterparty risk management, foreign currency risk management, funding and liquidity risk and governance over the entire treasury landscape.

Responsibilities

• Design and monitor activities to mitigate financial risks, primarily foreign currency cash flow exposure through the recommendation of executing derivative financial instruments, managing interest rate risk and liquidity management.
• Manage PwC Africa’s cash reporting processes and the design or implementation of intercompany funding strategies.
• Foster, strengthen and manage relationships with PwC’s financial service providers; including banks, investments bankers, community development lenders, foundations and other stakeholder partners within the appropriate risk management standards and frameworks relevant to PwC Africa territories.
• Liaise with global treasury team to get updates on cross-cutting relationships for strategy alignment.
• Determine funding requirements and funding mix for PwC Africa.
• Determine and assess short term funding strategies on a quarterly basis.
• Determine and monitor Partner capital contribution to PwC Africa on an annual basis.
• Determine and apply appropriate gearing ratio suitable for PwC Africa and PwC Africa territories in liaison with In-Country Treasury Leads.
• Manage inter-territory invoicing and payment in compliance with PwC Global requirements.
• Ensure appropriate banking relations across Africa using expert knowledge of risk factors around financial institutions in Africa.
• Determine and select the banks PwC Africa conducts its Treasury activities.
• Ensure application of Transfer pricing and arm’s length funding rule in every transaction.
• Prepare Board level cash and other risk management reporting.
• Monitor and manage Partners’ investments and investment risks across PwC Africa territories.
• Develop processes and data systems to enable effective analysis, estimation and decision-making.
• Determine the appropriate weighted average cost of capital (WACC) for evaluating proposed investments
• Manage the investment appraisal process for potential new investments including performing financial analysis and an appropriate level of due diligence
• Manage the investment process including liaising with legal advisors to create suitable investment agreements
• Ensure that fund investments and returns are accurately and fully recorded.
• Evaluate, develop and implement cash management systems to optimize efficiencies.
• Advise Africa leadership of loans (debt evaluation), liquidity and investments.
• Manage long and short term cash flow and working capital management.
• Ensure regulatory compliance to applicable financial management regulatory framework.
• Responsible for the development and management of the annual budget.
• Analyse investments and manage investor relationships (including reporting).
• Develop, inspire and mentor a team to implement strategy for the achievement of objectives and ensure organisational development.

Job Requirements

• BCom or B.Sc qualification in Business Studies, Fund Management, Finance, Accounting or Economics.
• MBA or similar advanced degree in a related field is advantageous.
• Relevant professional certifications e.g. CA (SA), ICA, CPA, CIMA is required.
• Minimum of 12 years’ experience in corporate financial management.
• Job related knowledge or experience on IFRS 9 and the Companies Act.

Knowledge, skills and abilities required:

• Advanced analytical, organizational, and interpersonal skills.
• Understand risk management standards in relation to AML and Fraud.
• Excellent computer literacy skills, including advanced MS Office skills
• Expert knowledge of treasury management, cash flow forecasting and analysis
• Expert knowledge of fund management software and ERP Accounts Software.
• Expert knowledge of financial modelling, investment planning and portfolio management.
• Intermediate/Advanced knowledge of financial services across sub-Saharan Africa.
• Expert knowledge of GAAP and SEC reporting requirements for investments and other financial instruments.
• Practical and technical knowledge of legal and regulatory issues affecting contracts, financial policies and procedures.
• Ability to liaise with internal and external stakeholders and network widely.
• Effective relationship management skills and demonstrated credibility with investment teams.
• Experience arranging for tax exempt bond financing and New Markets Tax, Credit financing, or other similar structured financing are preferred.
• Extensive experience in preparing cash forecasts and cash flow analyses.
• Experience leading, coaching and developing staff.
• Expert knowledge of excel and financial modelling
• Expert knowledge of Capital market analysis
• Expert knowledge of Risk Modelling

Application Closing Date
Not Specified.