Treasury Manager – Umeme Limited

Our client, Umeme
, is a major investment of Actis’ Infrastructure 2 fund. Actis is a
leading investor in the emerging markets, investing exclusively in Asia,
Africa, and Latin America. Presently, Actis manages over US$4.8bn worth of
investment on behalf of more than 100 institutional investors. The Commonwealth
Development Corporation (CDC) of the United Kingdom, a UK Government-owned company,
is the largest investor in Actis’ infrastructure 2 fund, and as such, has a
relationship with Umeme Ltd indirectly through Actis.
As a responsible employer, Umeme Limited is committed to
providing competitive employment terms to its employees, in addition to
providing safe and reliable electricity, improving customer service, minimizing
energy losses, and operating in a cost effective manner. To help in achieving
these goals, Umeme is looking to recruit an individual with high integrity,
dedication and commitment to 11 the position of a Treasury Manager.
Reporting to the Chief Financial Officer, the Treasury
Manager will be responsible for the day-to-day management of Umeme’s treasury
operations and controls including cash and liquidity management, corporate
financial management and nancial risk management, while maintaining an optimum
taxation position. The Treasury Manager will also have contact with senior
managers and key external stakeholders including financial institutions, key
investors, Uganda Revenue Authority and the securities exchange, which requires
strong interpersonal communication skills, both written and verbal.
Key responsibilities:
•    Provide strategic and operational
direction to the treasury function;
•    Ensure accurate and timely accounting of
treasury transactions including review of reconciliations of cash and near cash
•    Forecast and manage the company’s cash
flows and ensure adequate liquidity to meet obligations as they fall due;
•    Coordinate funding plans of both
short-term and long investment initiatives;
•    Source and manage new funds, including
but not exclusively, concessionary funding and represent Umeme in discussions
and up to final agreements;
•    Ensure that Umeme complies with nancing
contractual terms and covenants;
•    Manage tax planning and compliance
review exercises;
•    Coordinate and implement financial risk
management strategies covering interest rate, foreign exchange and liquidity
•    Support the annual and long-term planning
processes through input and advice to management on cash flow forecasts and
macro-economic variables.
•    Enforce policies and procedures related
to corporate treasury processes;
•    Manage relationships with financial
•    Supervise staff in the treasury section.
The successful candidate will have:
•    Demonstrable track record of performance
for more than two years at supervisory level in the treasury area;
•    Excellent technical financial and
accounting knowledge;
•    Experience in setting up, implementing
and monitoring strong financial control systems;
•    Familiarity with bank interface systems
and Treasury Management Systems;
•    Good understanding of Ugandan tax
legislation is added advantage;
•    Must be proficient in MS Office;
•    Able to thrive in a fast-pace setting
•    Strong verbal and written communication
•    Strong interpersonal, supervisory and
customer service skills required;
•    Ability to multitask, work under
pressure and meet deadlines required.
Experience & Skills
We are looking for a candidate who holds a good first degree
in Accounting, Business Administration (Finance), Commerce, Statistics or any
other associated discipline from a recognized university. A Post graduate qualification
in ACCA, CIMA, CPA) will be desirable.
How to Apply
If you believe you fit the required profile, please send
your applications in confidence to the address below by close of business Friday 18 May 2012. Please send your
curriculum vitae (by post or email) containing details of your qualifications,
experience, present position, current and expected remuneration as well as
copies of professional/academic certificates. Include day and evening telephone
numbers, e-mail address, names and addresses of three references to:
The People and Change Division
PricewaterhouseCoopers Limited, 1 Colville Street
P O Box 8053 Kampala, Uganda
Only shortlisted candidates will be contacted.

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