FINCA Zambia
FINCA Zambia
Posted Job
over 3 years ago

Treasury Assistant

Job Summary

• The Treasury Assistant (TA) is an officer who assists the head of Treasury Management Section in the Finance (& Administration) department.

• The TA assist the TO who is in charge of all the institution’s assets and liabilities, liquidity and investments of the company.

• S/he is to ascertain the availability of cash at all times in order to meet the cash requirements of the institution’s clients and to monitor investments and optimize returns on Investments.

• His/Her role is to help plan, manage the liquidity, assets and liabilities of FINCA and to monitor the investments of the institution in order to optimize returns on investments in line with the Treasury Policies and procedures Manual (TPPM).

Essential Duties & Responsibilities

• Plan and manage the institution’s liquidity

Treasury Management

• Work with tools to define the treasury processes

• Work with policies and procedures manual for treasury functions

• Monitor treasury benchmarks to measure performance

• Work with tools to monitor treasury operations and implement them.

• Monitor treasury operations in order to produce maximum and efficient financial results

• Prepare and keep records of all cash transaction between branches and Head Office

Cash/Liquidity Management

• Liaise with the regional managers/branch managers to forecast liquidity projections in line with the operations disbursement schedule.

• Monitor cash limits for the HO and various branches so that lowest possible cash is kept with them and set procedures when the cash goes below/up limits.

• Monitor the Bank Reconciliation on a monthly basis and guide the accounting team.

• Ascertain smooth running of treasury operations at H/O and Branches and advise the TO

• Alert the Treasury Officer of any serious situations of Cash and Bank balances (low or high) in order to take decision on the targeted disbursements, recurrent /capital expenditures or investments

Donor funds management

• Evaluate existing funds from donors and prepare projections for the fund requirements.

• Determine and advise the Treasury Officer on the appropriate time to request for funds from Donors.

• Prepare the Projected Fund Flow and compare with the Actual Fund Flow, prepare Variance Analysis, reasons for variances and take necessary steps for the future

• Monitor and evaluate the funds in HO and Branches to enable the Treasury Officer to take informed decisions.

• Analyze the currency fluctuations and the possible effect of donor fund availability and advise the Treasury Officer

• Manage investments and optimize return on investments

Investments management

• Monitor FINCA’s investments (including Fixed Deposits) efficiently to get the maximum returns with minimum risk.

• Closely monitor the due dates for interest, closure, renewal and maturities of investments so that FINCA does not suffer financial loss due to failure in renewal, closure or interest not credited by the institutions.

• Advise the Treasury Officer of the best investments that would give maximum returns

• Follow the money market closely to advise the Treasury Officer on the Cost of funds, changes in interest rates, changes in Government policies that can affect FINCA

• Monitor FINCA investments including money market activities and regularly advise the Treasury Officer on investment opportunities and their expectations.

Savings product management

• Monitor impact of large savings depositors on the liquidity reserves and the branches liquidity.

• Meet all withdrawal requirements for savings depositors.

• Devise strategies to avoid/combat risks and ensure compliance with regulatory requirements specific to Treasury

Risk Management

• Risk Management is the crucial part of Treasury Management, which protects FINCA from landing into serious financial crisis.

• The TA should help the Treasury Officer devise strategy to avoid risks, to combat risk and implement processes to meet any financial crisis.

• Evaluate the currency fluctuations, financial market conditions, interest rate fluctuations, investment decisions and advise the Treasury Officer of the potential risk involved

• Investigate cash malpractices or non-adherence to policies and take corrective measures in accordance with FINCA’s procedures.

Statutory Compliance (for regulated institutions)

• Prepare Treasury Operations procedures in line with the statutory and legal requirements of the regulatory institution (e.g. Bank of Zambia, etc.)

• Daily monitor FINCA’s Cash and Bank Accounts and investments to ascertain compliance with regulatory institution’s requirements at all times.

• Write and provide timely and accurate reports to the regulatory institution and other statutory authorities

Job Requirements

• Education/Experience


• University degree preferably in Economics (Bsc Eco), commerce and accounting (B.Com), business administration (B.BA) or banking.

Post Graduate in Banking is an advantage


• Two (2) years experience in treasury operations

• Experience in the banking sector highly desirable


• Fluency in English and Local Language

Key Deliverable

• Cash Management

• Adhering to Treasury Policies and procedures Manual (TPPM).

• Bank Relationships with other Financial Institutions

How to Apply

Submit your CV and application on company website:

FINCA Zambia image
FINCA Zambia
Business loans
Savings products
Other services
FINCA Zambia is a subsidiary of FINCA International, a global micro finance network that offers financial services and products to small scale businesses. FINCA helps its clients achieve their life goals conveniently to build a business, acquire assets, improve their living conditions or invest. The company provides well-designed, responsible, and affordable products including micro and small business loans, credit lines, savings, transactional services and more. For your convenience, FINCA has a secure mobile banking service and over 75 express agents.
You may be interested in...
Chikumbuso Women and Orphans Project
Chikumbuso Women and Orphans Project
Gift shops and Souvenirs
Musongo's Magic Handbag  image
Buy on Shopbwana
A beautiful handheld bag exquisitely accentuated with a brown leather top. 100% Zambian blue handmade plastic bag crocheted with white zig-zag lines and a leather tassel for a stylish finish.
Chikumbuso Women and Orphans Project
Chikumbuso Women and Orphans Project
Gift shops and Souvenirs
Diamond Pattern Handbag  image
Buy on Shopbwana
Beautifully crocheted black and red diamonds have patterned this Zambian-made handcrafted handbag. This unique handbag is fitted with an inside pocket and a snap-to-close button as standard.
Chikumbuso Women and Orphans Project
Chikumbuso Women and Orphans Project
Gift shops and Souvenirs
Wristlet Purse  image
Buy on Shopbwana
Wristlet Purse
Wallets & Purses
A masterfully handmade blue & red small purse with wrist strap and zipper. Made with an inside pocket for separate storage and a leather tassel to complete your outfit. This Zambian wristlet purse is a great addition to your wardrobe.
Chikumbuso Women and Orphans Project
Chikumbuso Women and Orphans Project
Gift shops and Souvenirs
Musongo's Pattern Handbag  image
Buy on Shopbwana
A wonderfully crocheted handbag, handmade with bold red, green and blue colours that add great definition. This Zambian-crafted bag is perfect for carrying all your daily essentials and with the snap enclosure button for security.
Chikumbuso Women and Orphans Project
Chikumbuso Women and Orphans Project
Gift shops and Souvenirs
Alice's Shopping Bag image
Buy on Shopbwana
Shopping can also be fashionable with this handcrafted cloth shopping bag. This chick shopping bag is trimmed with leather, has a reinforced base, is masterfully equipped with sturdy handles and also contains 2 Interior pockets.
Crop Pro Zambia
Agricultural equipment
Seeds and seedlings
UNDER CONSTRUCTION/// Leading importers and distributors of a wide range of agrochemicals, farming equipment and seeds. Crop Pro Zambia supplies the best in brands that are known for their quality and performance. Their products have widely contributed to the overall development of the agricultural sector in Zambia. With many years of experience, you can rest assured that Crop Pro Zambia’s team is able to give you the most knowledgeable recommendations and professional advice. Their team prides themselves on exceptional customer service in all aspects of the business and they value the success of farmers that purchase their inputs from the company.
Vision Care Opticians image
Vision Care Opticians
Eye clinic
Medical equipment and supplies
+13 locations
Having worked within Zambian communities for over 13 years, Vision Care Opticians has roughly estimated that more than 3 million people are in need of eye care, and majority of them are unaware of their eye conditions. For this reason, they have developed cost effective technology and the capacity to solve this problem by ensuring that the full supply chain of the optical industry is made available to the Zambian communities. Products available include ophthalmic lenses, contact lenses, vision therapy and prescription sunglasses.
Damungu Zambia image
Damungu Zambia
Solar and Renewable
UNDER CONSTRUCTION///Established in 2017, Damungu Zambia is a renewable energy company that supplies a wide selection of solar equipment including solar panels, mounting and racking systems, solar batteries, inverters, charge controllers and lights. The company also offers professional design and installation services of all solar equipment and related accessories. Damungu understands the latest trends in the industry and adopts them in their products and services. All works are carried out by highly trained personnel.
Robo Afrique Zambia image
Robo Afrique Zambia
Aluminium windows and doors
Property improvement
Security systems
Robo Afrique Zambia is a subsidiary of Robo Door, a South African company that manufactures, supplies and installs different types of high-quality trellis doors, roller shutter doors, burglar bars, balustrades as well as security gates. It is one of the fastest growing manufacturers of these types of products in Africa and is currently exporting to countries such as Malawi, Tanzania, DR Congo and Zimbabwe. In Zambia, you can purchase Robo Door's products directly from Robo Afrique Zambia at very competitive prices with fast manufacturing times. Orders are manufactured in 48hrs with a 5 year warranty against defective materials and workmanship. They will replace all defective parts or barrier pending the nature of the defective product. Robo Afrique's warranty periods are a statement to the quality and strength of their products.
Rapid Aluminium image
Rapid Aluminium
Aluminium windows and doors
Interiors and Design services
Building maintenance
Rapid Aluminium is an independent limited company providing customers with a range of leading-edge aluminium and glass products integrated with security and safety products and support services throughout Zambia. In 25 years of operation, Rapid Aluminium has provided unrivalled quality, value for money services throughout Zambia and the Southern african region.