PEG COTE D'IVOIRE
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TREASURY AND WORKING CAPITAL MANAGER
Description du poste
Who we are, and what we do
PEG delivers Pay-As-You-Go (PAYG) asset-based financing to consumers who lack both access to reliable electricity and formal banking services. PEG’s anchor product - a basic solar home system that includes six lights, a phone charger, a radio, and a TV - allows consumers living on $5-10 per day to access clean light for working and studying after hours, avoid harmful air pollution from kerosene based lighting solutions, and also build credit for additional products and services over time.
To date, PEG has raised over $45 million and has over 450 full time staff across Ghana, Ivory Coast and Senegal. PEG has also won numerous awards, including the prestigious 2017 Ashden International Award for excellence in sustainable energy, and was named as one of the “fastest growing companies in Africa” by the London Stock Exchange.
The Position
The successful candidate will lead PEG’s cash and working capital management strategy to ensure that the company operates efficiently by monitoring and using its current assets and liabilities to the best effect. The primary purpose of this role is to enable the company to maintain sufficient cash flow to meet its short-term operating costs and short-term debt obligations.
Working Capital is crucial for any business and is required to further sustain PEG’s growth so the position will be at the heart of the group finance department and working very closely with other departments such us operations, corporate finance, credit to ensure optimal cash management to support PEG fast growing operations and plans.
The position involves tracking three ratios: the working capital ratio, the collection ratio (in close collaboration with credit), and the inventory turnover ratio.
Responsibilities Include:
Cash management: Identify the cash balance which allows for the business to meet day to day expenses, but reduces cash holding costs. Ensure that we prepare and maintain at all time a 12 months cash forecast report at countries, Group and consolidated levels. Update weekly, monthly as required cash forecast reports taking into account business, operational and collection changes. Review on a monthly basis cash forecast submitted by the operating countries to ensure it matches their operations needs and at the same time ensuring that cash is spent in optimal way and in line with business priorities. Project Manager the Group cash committee on a bi-weekly basis and ensure that all issues and initiatives are discussed and solved, including taking and distributing action items, then following up to ensure their completion.
Inventory management: Actively participate to the Sales & Operations planning meetings to identify the level of inventory which allows efficient sales and keep under control the cost to acquire. Ensure that slow moving products are pushed up into the sales forecast in order to optimize the inventory turnover. Ensure at all time that inventory conversion to cash is optimal and in line with Group cash planning.
Cash collection monitoring: Act as a bridge between finance and credit to ensure full collaboration, monitor cash collection and adjust accordingly company cash needs.
Short-term financing: Coordinate and support Financial Controllers in managing short-term financing tools such as letter of credit (LC), bank overdrafts etc, taking into account the time it takes for the company.
Creditors management: Working closely with the country finance and operations leads to ensure that we are negotiating the best credit term possible with suppliers. Work with Country FC to reduce our cash payments transactions.
Profil du poste
The successful candidate must have:
- Bachelor or Masters Degree in Finance or equivalent work experience in Finance/Treasury/Working Capital
- 5+ years of experience in Treasury and Working Capital management with relevant work experience in a startup or other fast paced environment.
- Experience in implementing treasury and working capital processes and processes to improve or optimize treasury, cash and working capital management.
- Fluency in French and English
- Strong communication skills, team player, project management and prioritisation skills, while being able to work independently
- Experience in successfully managing the expectations of multiple levels of stakeholders
Dossiers de candidature
To submit your application, please click on the following link: https://pegafrica.bamboohr.com/jobs/view.php?id=341
PEG is an equal opportunity employer committed to diversity. All qualified candidates regardless of age, sex, ethnicity, race and religion are encouraged to apply.
