Background

Zambia Sugar Plc. is an ABF Group sugar company and is the leading sugar producer in Zambia. Its main activities are the growing of sugar cane, the production and marketing of sugar and other sugar downstream products.

The company invites applications from suitably qualified and experienced persons to fill the following position in the Finance Department to be based at Nakambala.

Responsibilities

The position reports to the Treasury Analyst. The successful candidate will be responsible for assisting the Treasury Analyst in managing treasury’s liquidity including daily funding requirements, interest rate exposure, foreign exchange exposure and managing the day-to-day treasury activities.

KEY PERFORMANCE AREAS

• Perform bank reconciliations and ensure all reconciling items are followed up and resolved timeously before the close of the following financial period end.
• Record, capture and generate receipts for all sales revenue that comes through the mobile money applications, molasses sales, sundry income as well as unidentified cash deposits/receipts that are not processed by the Receivables team.
• Perform control account reconciliations for loan accounts, dividends accounts and hedging control accounts.
• Analyze bank transactions, both receipts and payments and work closely with the Treasury Analyst to prepare the ABF monthly cash flow forecast.
• Report to Treasury Analyst any challenges that may be faced in the processing of banking transactions or where intervention may be required.
• Ensure the completeness of bank deposits by following up on all payments on the cash clearing accounts and one time customer accounts.
• Transfer money between bank accounts as maybe necessary.
• Work closely with the Treasury Analyst to support dividend payments as and when required.
• Review banking platforms access rights and ensure correct access for all users.
• Upload 14 bank statements for all bank accounts not currently interfaced with SAP and supported by MT940 formatting.
• Assist with managing internal controls relating to treasury and support both internal and external audit preparations accordingly.
• Analyze Bank overdraft utilization and assist Treasury Analyst with the preparation of monthly interest accrual schedules.
• Promote and adhere to the business’ procedures, policies and guidelines, including, without limitation, those relating to SHERQ, Competition Law and Ant Bribery and Corruption (ABC).
• Any other duties that may be assigned by the supervisor from time to time.

Qualifications and Experience

• Grade 12 Certificate
• Diploma in Accounting or Intermediate level in ACCA, CIMA, ZICA or related
• Preferably 2 years’ relevant working experience.
• Treasury background will be an added advantage.
• Excel proficiency is required.
• Must be a member of ZICA.
• Suitably qualified applicants must provide certificates which have been verified by the Zambia Qualifications Authority (ZAQA).

• Perform bank reconciliations and ensure all reconciling items are followed up and resolved timeously before the close of the following financial period end.
• Record, capture and generate receipts for all sales revenue that comes through the mobile money applications, molasses sales, sundry income as well as unidentified cash deposits/receipts that are not processed by the Receivables team.
• Perform control account reconciliations for loan accounts, dividends accounts and hedging control accounts.
• Analyze bank transactions, both receipts and payments and work closely with the Treasury Analyst to prepare the ABF monthly cash flow forecast.
• Report to Treasury Analyst any challenges that may be faced in the processing of banking transactions or where intervention may be required.
• Ensure the completeness of bank deposits by following up on all payments on the cash clearing accounts and one time customer accounts.
• Transfer money between bank accounts as maybe necessary.
• Work closely with the Treasury Analyst to support dividend payments as and when required.
• Review banking platforms access rights and ensure correct access for all users.
• Upload 14 bank statements for all bank accounts not currently interfaced with SAP and supported by MT940 formatting.
• Assist with managing internal controls relating to treasury and support both internal and external audit preparations accordingly.
• Analyze Bank overdraft utilization and assist Treasury Analyst with the preparation of monthly interest accrual schedules.
• Promote and adhere to the business’ procedures, policies and guidelines, including, without limitation, those relating to SHERQ, Competition Law and Ant Bribery and Corruption (ABC).
• Any other duties that may be assigned by the supervisor from time to time.

• Excel proficiency
• communication skills

• Grade 12 Certificate
• Diploma in Accounting or Intermediate level in ACCA, CIMA, ZICA or related
• Must be a member of ZICA.
• Suitably qualified applicants must provide certificates which have been verified by the Zambia Qualifications Authority (ZAQA).