AGGRAY KURONGA KALU

Liquidity & Cash Management

• Oversee daily cash positions across multiple bank accounts and payments channels.
• Ensure funds availability for operational needs, settlement activities and customer payouts.
• Implement best practices from global payment companies (Visa) for real-time tracking of transactions and float management.

Cash Flow Forecasting & Budgeting

• Develop short-term and long-term cash forecasts to anticipate funding requirements and plan for investment opportunities.
• Analyzing historical cash flows, current financial data, and future business plans to accurately predict cash needs.

Treasury Operations

• Overseeing day-to-day treasury operations, such as processing payments, posting customer receipts and cheque, reconciling bank accounts, petty cash management etc.,

Banking Relationships

• Maintaining relationships with banks and financial institutions, negotiating terms for banking services, and managing bank accounts. Oversee bank transactions.

Capital Strategy & Funding

• Optimize the capital structure in alignment with the company's growth and regulatory requirements.
• Work with the executive team (CEO) to define and execute capital-raising strategies.
• Provide treasury related insights ensuring robust liquidity planning for scaling products and operations across African markets

Financial Reporting

• Prepare financial reports related to cash flow, liquidity, and treasury activities for internal and external stakeholders.

Risk Management & Compliance

• Identify, measure and manage financial risks (interest rate risks, foreign exchange risk and credit risk).
• Develop hedging strategies to mitigate exposure in multi-currency environments common in African cross border transactions.
• Ensure compliance with relevant financial regulations and accounting standards.
• ·Stay updated on changes in regulations that could impact treasury operations and implement necessary controls to maintain compliance.

Collaboration

• Collaborating with other departments, such as supply chain, marketing, sales and marketing, to support their financial needs and objectives.

Continuous Improvement

• Identifying opportunities for process improvements and efficiency gains within the treasury function, including the adoption of new technologies and best practices.

Invoice Processing

• Receiving, verifying, and processing supplier invoices, ensuring they match purchase orders and receiving reports.
• Coding invoices accurately to the appropriate general ledger accounts and cost centers. Entering invoices into the accounting system for payment processing.

Payment Processing

• Preparing and processing payments to suppliers via checks, electronic funds transfers (EFT), wire transfers, and other payment methods.
• Ensuring timely payment of invoices to take advantage of early payment discounts and avoid late fees.
• Reconciling payment batches and resolving any discrepancies.

Vendor Management

• Maintaining accurate and up-to-date vendor records, including contact information, payment terms, and banking details.
• Communicating with suppliers to resolve invoice discrepancies, payment issues, and other inquiries.
• Ensuring compliance with company policies and procedures for vendor setup and management.

Reconciliation and Reporting

• Reconciling accounts payable transactions, including supplier statements and the general ledger.
• Preparing month-end and year-end closing reports, ensuring all accounts payable transactions are accurately recorded.

Internal Controls and Compliance

• Ensuring compliance with internal controls, policies, and procedures related to accounts payable processes.
• Conducting periodic audits of accounts payable transactions to identify and rectify any discrepancies or irregularities.
• Ensuring compliance with tax regulations.

Expense Reporting and Management

• Processing employee expense reports, ensuring compliance with company policies and accurate coding to the appropriate accounts.
• Verifying supporting documentation for expenses and ensuring timely reimbursement to employees.
• Monitoring and controlling company expenses to ensure adherence to budgetary constraints.

Collaboration

• Working closely with the procurement and inventory management teams to ensure accurate matching of purchase orders, receiving reports, and invoices.
• Collaborating with the treasury team to support cash flow management and financial planning.
• Coordinating with the production department to understand payment schedules and requirements for raw materials and other supplies.

Systems and Process Improvement

• Continuous reviewing and improving accounts payable processes to streamline operations and reduce processing time.
• Implementing best practices and new technologies to improve the accounts' payable function.

Dispute Resolution

• Investigating and resolving disputes with suppliers regarding payment discrepancies, damaged goods, or incorrect invoices.
• Coordinating with internal departments to gather necessary information and documentation to resolve issues. Maintaining documentation of disputes and resolutions for future reference.

Budgeting and Forecasting Support

• Assisting in the budgeting and forecasting process by providing insights into historical payment trends and expected future expenses.

• · Any other duty as assigned by Senior Executive Accounts payable.