The Treasury Lead will play a critical role in managing African Leadership University's (ALU) treasury operations across all entities. This includes daily cash positioning, executing banking transactions, and ensuring timely and accurate cash flow reporting. The role also involves preparing monthly cash flow reports for each ALU entity and consolidated reporting for ALU Foundation. The ideal candidate will be detail-oriented, proactive, and comfortable operating in a dynamic, mission-driven environment.
Role Responsibilities
Cash & Liquidity Management
- Monitor and manage daily cash balances across all ALU entities and bank accounts.
- Ensure sufficient liquidity to meet operational needs while optimizing use of funds.
- Highlight funding requirements or surpluses, and proactively escalate any risks.
- Support Group Finance in developing and updating short- and medium-term cash flow forecasts.
Cash Flow Forecasting & Reporting
- Prepare and maintain monthly cash flow reports for each ALU entity.
- Consolidate and report actual vs forecast cash flows at the group level, including variance analysis.
- Generate cash burn analysis and dashboards to support financial planning and decision-making.
Banking Operations & Payment Processing
- Initiate and manage domestic and international payments, including vendor payments, payroll disbursement, intercompany transfers, and statutory remittances.
- Reconcile all bank accounts on a regular basis and resolve variances promptly.
- Support bank account setup, maintenance, and mandate updates.
- Maintain secure and compliant use of online banking platforms.
Intercompany & Treasury Accounting
- Track and reconcile intercompany transactions across ALU entities.
- Ensure accurate posting of treasury-related transactions and month-end entries in the general ledger.
- Maintain schedules and supporting documents for treasury-related balance sheet accounts.
Debt and Cash Investment Management
- Monitor and manage the organization’s short-term and long-term debt obligations, ensuring timely interest and principal payments.
- Track compliance with loan covenants and maintain accurate debt schedules.
- Support evaluation of new debt facilities or restructuring opportunities as ALU grows.
- Proactively manage idle cash by identifying low-risk investment opportunities in line with ALU’s investment policy.
Internal Controls & Process Management
- Enforce strong internal controls over cash management, payment approvals, and banking access.
- Regularly review and improve treasury-related SOPs and workflows to increase efficiency and reduce risk.
- Assist in building treasury processes that scale with ALU’s growth and maintain audit readiness.
Donations Recording & Reconciliation
- Record all incoming donations (grants, gifts, restricted and unrestricted funds) in accordance with donor agreements and accounting standards.
- Ensure accurate classification of donations by source, restriction type, and purpose.
- Reconcile donation receipts with bank statements and maintain comprehensive audit trails.
- Collaborate with the Development, Partnerships, and Programs teams to ensure proper documentation and reporting of funds received.
External Stakeholder Management
- Serve as the key point of contact for ALU’s banking partners.
- Coordinate with tax authorities, auditors, and other financial service providers.
- Support external and internal audits by preparing documentation and responding to queries.
Cross-Functional Support
- Collaborate with HR, Operations, and other departments on treasury impacts (e.g., payroll, grants, program funding).
- Assist the Finance team with treasury-related analysis and special projects.
Required Experience & Qualifications
- Bachelor’s degree in Accounting, Finance, or a related field.
- 4+ years of experience in Treasury, cash management and finance.
- Proficiency in accounting software (e.g., QuickBooks, SAP, NetSuite or similar ERP systems).
- CPA, ACCA, or other relevant professional certification is an added advantage.
- Strong knowledge of accounting principles and financial regulations.
- High level of accuracy, attention to detail, and strong analytical skills.
- Excellent communication and interpersonal skills.
- Ability to manage multiple tasks and meet deadlines in a fast-paced environment.
