• Application Deadline:
• Position: Treasury Associate


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 3 years


• Location Nigeria


• Job Field Finance / Accounting / Audit 
  

Requisition ID: 1720

Job Summary

• To ensure timely report on daily cash position for utilization of funds. To monitor and coordinate the banking transactions/activities of the organisation.

Responsibilities

Managing Cash Assets:

•   Prepare daily cash position report


• Monitor and follow-up with investment placement including interest and roll-overs


• Review imprest system


• Review daily sales and daily lodgement verification


• Vet payments   to suppliers and ensure invoices are in order for payment


• Assist in listing vendors for payment


• Ensure the cash position is updated to inform the management about firm liquidity and where cheques are written.

Treasury Advisory:

• Advise management on utilization of surplus funds


• Assist to evaluate the fiscal decisions of their organization and recommending the best possible course of action.


• Analyse the risks and rewards of various decisions on a regular basis


• Ensure the management understands the risks of any given financial decision and is aware of alternative decisions they might be better off making instead.


• Recommends fixed cash to yield interest for the company, in a case of availability of excess funds.

Bank Oversight:

• Monitor daily bank balances to payment instruments are not issued on unfunded account.


• Manage bank POS terminals and deployment


• Maintain relationship with bank officials


• Ensure all treasury transactions are posted and reconciliation of GL and sub GL accounts


• Confirm and verify bank charges


• Review bank reconciliation report


• Monitor and ensure payment processes are strictly adhered to


• Assist in guiding the bank reconciliation process monthly


• Confirmation of cheques

Key Performance Indicators

• Provision of Daily cash report


• Provision of Bank Reconciliation Report


• Percentages of account balances reported daily


• Percentages of cash transactions reconciled daily


• Time taken to create month-end accounting journals for all treasury transactions


•  Rate of compliance with internal controls especially on payments


• Accuracy of forecasted investment income

Job Specifications

• A good first degree in Accounting or Finance


• Possession of a Post graduate degree in Accounting/Business Administration or related field is an added advantage


• Minimum of  3 years in a core financial/treasury capacity


• Membership of the Certified Treasury Professional(CTP), ICAN, ACCA, CFA or any other related professional qualification is required, as well as courses on  Treasury and Fund Management

Knowledge Requirements:

• Knowledge of Cash Management Principles


• Knowledge of banking systems and processes


• Knowledge of the Food/QSR Industry processes


• Knowledge of the Microsoft Excel software

Decision Expectations:

• Recommend operational, strategic and financial decisions


• Make recommendations to the management on best investment alternatives


• Enforce agreed decisions


• Assign work to subordinates


• Monitor subordinates’ work performance


• Appraise/evaluate subordinates’ performance

Internal Contacts (most frequent contacts):

• Executive Management


• Senior Management

External Contacts (most frequent contacts):

• Service Providers/ Vendors


• Banking Institutions


• Auditors/Consultants


• Financial Advisers

Purpose of Contact:

• Exchange or provide information


• Obtain, clarify, and discuss information


• Present, discuss information and problems


• Collaborate, negotiate and present ideas


• Deal with, influence or motivate subordinates


• Promote, justify or settle highly sensitive matters.

Working Conditions

• Jobholder typically work 40 hours per week, Monday to Friday, although some roles may involve weekend or evening work.


• This role is largely office-based, although at times the job may require travel to meetings held off-site, as the company has more than one office.


• It also involves maintaining relationship with banking institutions.


• The role can be quite demanding as jobholder bears the brunt of accounting for cash regularly.