• Application Deadline:
• Position: Associate Manager, Treasury


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 6 years


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

JOB SUMMARY 

• This position will assist the Finance Manager, Nigeria to manage trade services, forex management, import and export documentation and working capital management.


• Responsible for the assessment, monitoring, planning and management of the efficient utilization of cash and financial services in a manner consistent with the objectives of the Company

Main Responsibilities / Tasks

Cash & Working Capital Management

• Responsible for the assessment, monitoring, planning, cash, and financial services optimization.


• Forecast daily cash requirements and executive daily financing decisions including raising of funds where needed.


• Reconciliation of all daily cash receipts, daily bank deposits, daily and petty cash transactions


• Prepare short- and long-term cash flow forecasts including periodic variance analysis


• Assess investment performance benchmark and recommend changes to investment policies based on market conditions.


• Development and monitoring treasury operational policies and ensure compliance with the organization’s internal controls, policies, and procedures.


• Manage appropriate accounting procedure and processes for finance income, investments and periodic IFRS9 (International Financial Reporting Standards) impairments.

Trade Service/Forex transactions Management

• Monitor import documentation process to ensure that target lead times are achieved and ensures duty cheques and other charges are paid promptly to minimize port clearance delays.


• Ensure minimal exposure to fluctuations in forex by type of foreign contracts and financing.


• Responsible for compliance with CBN’s exchange control guildeline on documentation of form A ad A, LC and Bill of Entry and direct remittances


• Monitor export documentation process (pre-shipping and post shipping documentation, fees payment etc).


• Maintain close contact with the forex and money markets activities to keep abreast of trends and developments regarding interplay of interest rates, forex rates and purchases and purchases/utilization.


• Oversee and strengthen relationships with all banks and financial institutions as well as negotiating all bank and service fees.

Treasury Reports:

• Prepare regular reports on cash synopsis, investment, and bank exposure for Board meetings.


• Preparation of monthly cash flow forecast and treasury report.


• Prepare weekly liquidity report.

Key Performance Indicators / Key Figures

• Understand, manage, and supervise all aspects of cash flow and borrowing needs for the organization.


• Day to day management of working capital and FX sourcing for the Nigerian market.


• Working with global supply chain and customer excellence to manage the importation & exportation of goods and services (letter of credit, bills for collection etc


• Working with account receivable, sales, and customer excellence team to manage the set-up, overview, and operations of all settlement accounts (both domestic and international


• Prepare weekly liquidity report.


• Prepare monthly cash flow report.


• Provide weekly updates of the company credit lines.

Candidate Profile: Qualifications / Technical Skills

SIMPLE CRITERIA:

REQUIRED

• Minimum of 6 years relevant experience in Treasury Management


• Bachelor’s Degree or Higher National Diploma in Accounting/Finance or any other related course.


• Professional certification will be an advantage.


• Ability to prioritize and perform under pressure.


• Good sense of responsibility, discrete and reliable;


• Accurate, efficient, well-organized.


• Pro-active and positive-minded;


• Drive for results

DESIRED

• Experience in an international company appreciated (transactions with foreign companies)


• JDEdwards (Peoplesoft Enterprise One) finance is a plus.