Senior Treasurer job at Apac District Service Commission
Organization:
Apac District Service Commission
About the Organization:
District Mission Statement
To serve the community through a coordinated delivery of services which focus on national and local priorities and promote the sustainable social and economic development of the District”
Job Description
Senior Treasurers hold a critical position within an organization, overseeing its financial management and ensuring fiscal responsibility. Here are the typical duties and requirements for Senior Treasurers:
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Duties and Responsibilities
Financial Management: Senior Treasurers are responsible for managing the organization's financial resources, including cash flow, investments, and risk management. They develop and implement financial strategies to optimize liquidity, maximize returns on investments, and minimize financial risk.
Cash Management: They oversee cash flow forecasting, monitor bank balances, and manage cash reserves to ensure that the organization has sufficient funds to meet its financial obligations and operational needs.
Investment Management: Senior Treasurers manage the organization's investment portfolio, making decisions about asset allocation, investment strategies, and risk management. They may invest excess cash in securities, money market instruments, or other financial instruments to generate returns while preserving capital.
Debt Management: They oversee the organization's debt obligations, including issuing bonds or other debt instruments, managing loan agreements, and refinancing debt when necessary. They ensure compliance with debt covenants and optimize the organization's debt structure to minimize interest costs.
Financial Reporting: Senior Treasurers prepare financial reports and statements related to treasury activities, including cash flow statements, investment portfolios, debt schedules, and liquidity reports. They provide accurate and timely financial information to senior management, the board of directors, and external stakeholders.
Risk Management: They identify, assess, and mitigate financial risks facing the organization, such as currency risk, interest rate risk, credit risk, and liquidity risk. They develop risk management strategies and implement controls to minimize exposure to financial risks.
Treasury Operations: Senior Treasurers oversee day-to-day treasury operations, including cash management, investment transactions, banking relationships, and financial transactions. They ensure that treasury processes and procedures are efficient, effective, and compliant with internal policies and external regulations.
Compliance: They ensure compliance with relevant financial regulations, accounting standards, and internal controls. They stay abreast of regulatory changes and ensure that treasury operations adhere to legal and regulatory requirements.
Strategic Planning: Senior Treasurers contribute to strategic planning and decision-making by providing financial analysis, insights, and recommendations to senior management and the board of directors. They assess the financial implications of strategic initiatives and provide guidance on financial matters.
Leadership and Team Management: They lead and manage the treasury team, providing direction, guidance, and support to ensure that treasury activities are performed effectively and efficiently. They develop the skills and capabilities of team members and foster a culture of collaboration, accountability, and continuous improvement.
Qualifications and Experience
Education: A bachelor's degree in finance, accounting, economics, or a related field is typically required for Senior Treasurer positions. Some employers may prefer candidates with a master's degree or professional certification, such as Certified Treasury Professional (CTP) or Chartered Financial Analyst (CFA).
Experience: Several years of experience in treasury management or finance roles are usually required, with progressively increasing levels of responsibility. Experience in cash management, investment management, debt management, and risk management is highly valued.
Financial Skills: Senior Treasurers should have a strong understanding of financial principles, practices, and instruments, as well as proficiency in using financial modeling and analysis tools. They should be knowledgeable about capital markets, investment strategies, and financial regulations.
Analytical Skills: They should possess strong analytical skills to interpret financial data, assess financial risks, and make informed decisions. They should be able to analyze complex financial situations and develop appropriate strategies to address them.
Communication Skills: Effective communication skills are essential for Senior Treasurers to convey complex financial information to non-financial stakeholders, including senior management, the board of directors, investors, and external auditors. They should be able to communicate clearly and persuasively, both verbally and in writing.
Leadership Skills: Senior Treasurers should have strong leadership and management skills to lead the treasury team, build relationships with internal and external stakeholders, and drive strategic initiatives. They should be able to inspire trust, motivate team members, and foster a culture of excellence and accountability.
Strategic Thinking: They should possess strategic thinking skills to align treasury activities with the organization's overall objectives and contribute to the development of long-term financial strategies. They should be able to anticipate future financial trends and proactively identify opportunities and risks.
Ethical Standards: Senior Treasurers must adhere to high ethical standards in their practice, including maintaining integrity, honesty, and transparency in all financial dealings. They should demonstrate ethical behavior and ensure compliance with ethical guidelines and best practices in finance and treasury management.
Decision-Making Skills: They should be able to make sound and timely decisions based on thorough analysis, judgment, and risk assessment. They should be comfortable making decisions in uncertain or high-pressure situations and be able to justify their decisions to stakeholders.
Continuing Education: Senior Treasurers should be committed to ongoing professional development to stay current with advancements in treasury management, financial regulations, and industry best practices. They should actively seek out opportunities for learning, networking, and skill development to enhance their effectiveness in the role.
How to Apply
Applications are invited from suitably qualified Ugandans to fill the following posts which exist in Apac District Local Government and Apac Municipal Council.
Applications should be submitted in triplicates filled in own hand writing on Public Service Commission Form 3 (Revised 2008) to the Secretary, District Service Commission, P.O. Box 1, Apac . Serving Officers should route their applications through their Heads of Departments or responsible officers for endorsement who should be informed of the closing date to avoid delay.
Deadline for Application
April 15, 2024
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