Are you a seasoned Treasury professional with a passion for building robust financial infrastructure from the ground up? BFREE Africa, an innovative tech-enabled credit management company dedicated to improving consumers' financial health across Africa, invites you to join our team as a Treasury Manager. This is a pivotal role for an ambitious individual eager to shape the financial resilience of a fast-growing fintech company.

About BFREE Africa

BFREE Africa is at the forefront of ethical credit management, leveraging technology to make collection processes in Africa more scalable, efficient, and user-friendly. Our mission is critical to fostering financial stability and inclusion on the continent, and we are looking for a leader to secure our financial posture as we expand.

The Opportunity: Treasury Manager

As our Treasury Manager, you will be instrumental in owning BFREE’s financial risk and liquidity posture end-to-end. This is a unique opportunity to build and run the treasury function from scratch – developing policies, implementing tools, establishing controls, and cultivating essential relationships. Reporting directly to the CFO, you will gain unparalleled visibility across portfolio performance, capital allocation, debt structuring, and strategic expansion initiatives.

This role is not for those seeking an established function. We are early in our treasury management system journey, our FX exposures are rapidly growing with new markets, and the transition from informal practices to institutional-grade infrastructure is largely ahead. The ideal candidate will be energized by this challenge, not daunted by it.

Liquidity and Currency Management are dominant risks at BFREE. You will ensure the business is always funded with the right cash, in the right currency, in the right jurisdiction, at the right time, as we actively acquire distressed portfolios across multiple markets. You will also manage the complex mismatch between hard currency funding and local currency deployment, designing and executing hedging strategies to protect our ability to service and repay obligations. Success in this role requires a deep understanding of African financial markets, including banking infrastructure, capital controls, deposit-backed structures, SBLCs, NDFs, and short-dated forwards, combined with the relationships and structuring experience to execute across multiple jurisdictions simultaneously.

Key Responsibilities

Liquidity & Cash Management

Own daily cash positioning across all entities and jurisdictions, ensuring BFREE is always funded and never surprised.
Forecast short- and medium-term liquidity needs, coordinating with portfolio acquisition, operations, and finance teams.
Manage bank and counterparty relationships; set and enforce counterparty limits to manage concentration risk.
Define minimum liquidity buffers, escalation protocols, and an investment policy for idle cash within approved risk parameters.

Foreign Exchange Management

Monitor and manage BFREE’s multi-currency exposure across NGN, KES, GHS, USD, and EUR on an ongoing basis.
Stay ahead of capital controls, FX regulations, and repatriation rules in each operating market; manage intercompany flows and cross-border transfers accordingly.
Own FX reporting: open positions, exposure by entity, limit utilisation, and regulatory compliance, reported to the CFO on a regular cadence.
Manage relationships with FX counterparties and banking desks across markets.

Hedging & Risk Mitigation

Design and own BFREE’s hedging strategy, with a primary objective of protecting BFREE’s ability to service and repay hard currency debt facilities as local currencies depreciate.
Structure and execute deposit-backed hedges to synthetically convert hard-currency funding into local currency exposure.
Arrange and manage Standby Letters of Credit (SBLCs) as credit support instruments.
Execute and roll short-dated FX forwards and non-deliverable forwards (NDFs), particularly for NGN where physical settlement is constrained.
Review and critically assess all hedging contracts and facility documentation before execution.
Monitor hedge coverage continuously against drawdown schedules and portfolio performance; rebalance as conditions evolve.
Advise the CFO and founders on hedging cost vs. exposure trade-offs as new markets and facilities are added.

Debt & Funding Management

Manage relationships with lenders, maintaining compliance with all covenants and reporting requirements.
Support fundraising processes by preparing treasury-related materials.
Contribute to the structuring of new credit facilities and ensure funding alignment with acquisition timelines.
Coordinate intercompany lending and cross-border capital deployment.
Work closely with the CFO and finance team to optimise funding and entity structure for tax efficiency.

Risk Governance & Controls

Author and maintain BFREE’s comprehensive treasury policy framework.
Build and own the treasury risk dashboard – KPIs, limits, breaches, and trends.
Ensure all treasury activity is compliant with local and international regulatory requirements.
Work with external auditors and regulators as required.

Systems, Automation & Process

Lead BFREE’s TMS build-out: evaluate tools, make the case for investment, and implement the right solution.
Use prompt engineering and AI tools to automate reporting, reconciliation, and process-heavy workflows.
Drive automation of cash reporting, exposure tracking, and covenant monitoring to enable scalable growth.
Partner with the CFO, finance, legal, tax, and operations in close coordination on all material treasury decisions.

Who We're Looking For: Essential Requirements

At least 5 years of treasury experience in a financial institution, corporate treasury function, or an African fintech/fund manager operating across multiple markets.
Proven, hands-on hedging experience in African currency markets: you have structured and executed deposit-backed hedges, SBLCs, FX forwards, and NDFs, understanding the constraints of NGN, KES, and GHS.
Experience reviewing and negotiating hedging and facility contracts with meticulous rigour.
Hands-on experience with debt instruments, credit facility management, and covenant compliance.
Strong quantitative and modelling skills; ability to build cash flow models, hedging cost analyses, or counterparty exposure reports independently.
Familiarity with treasury management systems and financial data tools; comfort with Excel as a minimum; Python or SQL is an advantage.
Comfort with AI tools and prompt engineering as a practical lever for automation.
High ownership and operational independence; you manage problems and propose solutions.
Excellent judgement and communication skills to present treasury risk and hedging strategy clearly to leadership and the Board.
Experience working in or across Nigeria, Kenya, or Ghana, with a working knowledge of local regulatory environments, banking infrastructure, and capital control regimes.
A professional qualification in finance or accounting (ACCA, ACT, or equivalent) is an advantage, but demonstrated experience and track record matter more.

Join BFREE Africa and contribute to building a resilient financial future for consumers across the continent. This is an unparalleled opportunity to make a significant impact within a dynamic and mission-driven organization.