Job Vacancy: Treasury Accountant

Thursday 23 December 2021

 

TITLE:   Treasury Accountant

TEAM/PROGRAMME:  Kosovo Programme

LOCATION: Prishtine

GRADE:   3

CONTRACT LENGTH:  Fix term

CHILD SAFEGUARDING: (select only one)

Level 1:  the post holder will not have contact with children and/or young people, or access to personal data about children or young people, as part of their work; therefore, a police check will not be mandatory for this post unless the content of the post changes, in which case the Child Safeguarding level should be reviewed.

ROLE PURPOSE:

The treasury accountant is responsible for performing treasury accounting and cash flow control and associated treasury tasks for the organization. Their duties include all treasury accounting (including FX deal postings, FX balance sheet revaluation postings and all Treasury inflows and outflows) , monitoring the organization’s cash flow, ensuring sufficient cash  to make payments as they fall due, and lead focal point with SCI Treasury and local colleagues on all Treasury matters including acting as lead Treasury focal point for deciding on and instructing SCI Treasury on FX deals and loans to be executed by SCI Treasury.

SCOPE OF ROLE:

Reports to: Finance Manager

Staff reporting to this post: No

Direct:  n/a

Indirect : n/a

Budget Responsibilities:n/a

Role Dimensions:

KEY AREAS OF ACCOUNTABILITY :

Cash and Liquidity Management

  • Assume responsibility for all cash management procedures
  • Coordinate with other departments to optimize working capital and cash flow forecasting   
  • Confirmation and reconciliation of receipts through close coordination with the SCI Treasury Member Control Team who will be providing the claims service to members
  • Timely disbursement of payments for smooth operations and donor relationships
  • Submit reports of present financial situation and forecasting
  • Work with finance team for review the  fund request for fund remittent by bi-weekly
  • Act as a focal point for SCI Treasury for Arrears Reporting, Member Quarterly Reports and resolution of any claims disputes

FX Management

  • Act as a focal point for SCI Treasury for :
    • Instructing SCI Treasury on FX spot trades needed to control FX balance sheet exposures
    • Working with SCI Treasury on understanding all non-USD balance sheet exposures
  • Responsble for reporting all of the organisation’s FX transactional and balance sheet exposures to Senior Management
  • Responsible for ensuring that the organisation’s comply with SCA FX minimum standards. 

Act as a focal point for SCI Treasury for :

Planning and Operations

  • Develop and implement daily, monthly and quarterly cash forecasting models
  • Assist in the development of financing strategies
  • Provide the financial aspects of the business and policies to advise
  • Assist in preparing or facilitating an annual budget and regularly monitoring and comparing the actual revenues and expenses incurred against the budget. 
  • Coordinate with the SCI Centre to compliance with Treasury Minimum Standards
  • Ensure the Treasury function is understood and valued within the business for tangible financial results in the form of cost savings, efficiency gains, yield enhancement and protecting profitability

Treasury Accounting and FX Risk Management

  • Responsible for all
    • FX accounting including transactional deals (e.g. fx spots) and revaluation of all non functional currency balance sheet positions
    • Accounting for investments and loans
    • Accounting for all receipts in various donor currencies
  • Responsible for liaising with SCI Treasury to resolve any outstanding Treasury accounting queries
  • Responsible for managing FX balance sheet positions to minimize revaluation FX exposures
  • Responsible for liaising with SCI Treasury to minimize transactional FX exposures

Funding management

  • Responsible for managing all funding in line with locally approved Treasury policies including compliance with SCA minimum standards
  • Manage short, medium and long-term funding/ investments (in close cooperation with SCI Central Treasury)
  • Maintain sufficient funds are available to meet ongoing operational requirements

Corporate Governance

  • To review accurate accounting of Treasury transactions and adequate internal controls
  • Implement and manage treasury policies and procedures and ensuring compliance with SCA Treasury minimum standards (and answering any queries related to this)
  • Ensure accurate transaction history and audit trail
  • Prepare accounts for audit and liaising with the auditor, as required
  • To lead on annual review of local Treasury policies and suggest changes to both SCI Treasury and for approval to local Board 

Other:

  • Responsible for any other duties deemed necessary by the line manager

o   Further responsibilities, tasks and competencies will be adjusted based on organizational developments

o   Maintain Treasury Dashboard Reporting as required by local Treasury policies and to comply on reporting on SCA minimum standards compliance

 

BEHAVIOURS (Values in Practice)

Accountability:

·        holds self-accountable for making decisions, managing resources efficiently, achieving and role modelling Save the Children values

·        holds the team and partners accountable to deliver on their responsibilities - giving them the freedom to deliver in the best way they see fit, providing the necessary development to improve performance and applying appropriate consequences when results are not achieved.

Ambition:

·        sets ambitious and challenging goals for themselves and their team, takes responsibility for their own personal development and encourages their team to do the same

·        widely shares their personal vision for Save the Children, engages and motivates others

·        future orientated, thinks strategically and on a global scale.

Collaboration:

·        builds and maintains effective relationships with their team, colleagues, Members and external partners and supporters

·        values diversity sees it as a source of competitive strength

·        approachable, good listener, easy to talk to.

Creativity:

·        develops and encourages new and innovative solutions

·        willing to take disciplined risks.

Integrity:

·        honest, encourages openness and transparency; demonstrates the highest levels of integrity

QUALIFICATIONS 

  • Bachelor’s degree in accounting or financial management or relevant field
  • Working knowledge of MS Office and financial management software
  • Good with numbers and figures
  • Excellent communication and interpersonal skills
  • Well-organized and reliable

EXPERIENCE AND SKILLS

  • Proven experience as treasurer or in a relevant financial role
  • Thorough knowledge of financial legislation, regulation and practices
  • Knowledge of the monetary market, investment management and financing techniques

·        Experience in cash and bank management

·        Professional on local tax procedure and policy

 

Additional job responsibilities

The duties and responsibilities as set out above are not exhaustive and the role holder may be required to carry out additional duties within reasonableness of their level of skills and experience.

Equal Opportunities

The role holder is required to carry out the duties in accordance with the SCI Equal Opportunities and Diversity policies and procedures.

Child Safeguarding:

We need to keep children safe so our selection process, which includes rigorous background checks, reflects our commitment to the protection of children from abuse.

Health and Safety

The role holder is required to carry out the duties in accordance with SCI Health and Safety policies and procedures.