Group Head of Treasury at Diageo

Purpose of the Role           

To provide technical treasury support in areas of all Group cash, financing and foreign currency exposure management while ensuring accurate accounting of all group cash transactions.

Role Responsibilities

• Work with Diageo Group Treasury, Finance Directors and the Banking Industry to manage EABL’s capital structure and balance sheet ratios to ensure that the Group maintains an optimal capital structure and leverage levels to support its growth ambitions while at the same time ensuring compliance with debt covenants.
• Fund raising for key strategic events. This involves identification of optimal funding sources. It also involves negotiation and execution of commercial terms for the funds.
• Financial risks management: Management of the Group’s liquidity risk, foreign exchange risk, counterparty risk and interest rate risk and development of risk mitigation strategies.
• Cash and liquidity management through cash flow planning and forecasting.
• Maintain strong relationship with lenders and banking partners.
• Support the Finance Directors in the working capital management initiatives including but not limited to management and negotiation of various distributors financing and suppliers financing schemes.
• Managing treasury operations and controls (cash pooling/sweeping, forex dealings etc.)
• Driving treasury specific projects/initiatives across the region.

Qualifications and Experience Required       

Qualifications

• 1st degree in business related studies
• A fully qualified Accountant in CPA(K), ACCA or its equivalent.
• CFA qualification is an added advantage.
• Sound training on treasury and corporate finance skills.

Experience

• Over 7 years post qualification experience in Treasury or in financial management field
• In depth knowledge of international trade and world economic trends with particular emphasis on fundamentals driving interest rates, exchange rates and general economic growth.
• In depth knowledge and experience in financial instruments including derivatives, business valuation models and business financing options.
• In-depth knowledge of East African region money and capital markets
• In depth treasury management skills and especially on foreign exchange, interest rates and cash management
• Full understanding of East African taxation, and other legislation affecting day to day functioning of corporate institutions.
• Wide accounting knowledge and experience

Person Specification

• Excellent communication and reporting skills (verbal and in writing)
• Commercially aware and articulate
• Exceptional analytical and problem-solving skills and strong attention to detail.
• Ability to manage projects, prioritize and work to deadlines.
• Flexible and able to adapt readily to a changing environment.
• Ability to build and maintain strong stakeholder relationships and with strong influencing skills.