Reporting to : Financial Controller South East Africa

Location: Harare

Grade: 1E

Unilever South East Africa is a Multi Country Organization (MCO) made up of 4 Unilever companies – Malawi, Mozambique, Zambia, Zimbabwe. This role is based in Harare and manages treasury for the 4 countries.

Liquidity Management support to Global Treasury

• Engagement with Global Unilever Treasury (GTC)
• Cash forecasting to gauge cash requirements
• Monitoring of cash balances and forex requirements
• Net debt and interest costs forecast (prepare, analyze and submit to Global Treasury)

Manage bank relationships 

• Signatories
• New or changing bank facilities
• Relationship management with banks

Forex Exposure

All 4 countries are importers, therefore every week there is a need to buy forex from banks to be able to pay foreign creditors

Reserve Bank compliance for all 4 countries

• Application of all Reserve Bank Approvals through bank liaison
• Inward funds confirmation to the banks
• Facilitating the Reserve Bank admin requirements when paying out Dividends
• Facilitating the Reserve Bank admin requirements when paying interest on foreign loan
• Indicate to the business the Reserve Bank implications/consequences related to transactions and processes

Interest Forecast

• Computing the Interest forecast calculation for the year
• Submission to GTC

Concern Loan, Interest payments, Repayments & Extensions

• Ensuring corporate governance is observed (board resolution for any renewals)
• Ensuring compliance with Central Banks is maintained
• Facilitating the payment of interest or repayment (engaging with the Banks and GTC)

Dividend payment

• Ensuring corporate governance is observed (board resolution, Liquidity test signed off by management)
• Ensuring Reserve Bank compliance is maintained (Reserve Bank approval)
• Facilitating the payment (engaging with the Banks and GTC)

Service payment

• Ensuring Reserve Bank compliance is maintained (Reserve Bank approval for all 4 countries)
• Facilitating the payment (engaging with the Banks and GTC)

Finflex

• Preparation of a the Finflex deck
• Bi-annual call/face to face update on Treasury projects, Tax update, Free Cash flow and Forecast view on major payments e.g. Dividends, Service fees etc
• Discussion on Forex policy and any other Cash issues/developments
• Platform for GTC to identify and communicate opportunities for the MCO

Documentation

• Service Level Agreements
• Verbal Dealing Authority
• KYC with banks

Project

• Liaising with internal stakeholders on urgent treasury issues.
• Projects (High Radius, Stokvel etc.)
• Ad-hoc (analyses, presentations etc.)

Qualification required:

University Degree