Head TREASURY

Recruiter
Jobberman
Location
Nigeria
Salary
250000 - 400000 NGN per month
Posted
13 May 2022
Closes
12 Jun 2022
Ref
rWGJCajzUQBa
Job role
Treasury
Sector
Accounting - Public practice
Responsibilities:
  • Ensureadequate liquidity for working capital needs and invest short term excess cash.,Corporate Finance, Project Finance, Tax Remittance, Accounts Payables/Receivablesmanagement, negotiate debt obligations, fund transfers, inter-bank accountfunding management, dividends, and capital injections process co-ordination, Formulatinginvestment policies, including the establishment of risk parameters forpresentation to Management for review and implementation approval, Oversee cashmanagement banking and financial institution relationships.
  • Negotiatebank and service fees. Implement new bank technologies, products, and servicesto improve the cash cycle and simplify company operations. Drive year-end statutoryaudit of treasury department functions, ensure the adequacy of treasurydocumentation for audit purpose, and month-end preparatory to year-end auditexercise.
  • Manage and drive monthly bank reconciliation systems and bankfacility/loan accounts management.
  • Ensure all bank loan facility accounts arefully reconciled monthly to General Ledger (Cash Book) and bank facilityaccount statements agreed to the ledgers balances. Coordinate all bankreconciliation exercises on a monthly basis.
  • Ensureall debit charges to all the bank accounts maintained by the Company arejustified and there are no spurious charges inflicted by the bank. Initiate allimport financing requirements that are approved by the ED-Finance and MD/CEOthrough approved LPOs and PFI.
  • Processall marine insurance, Form-M requirements, and Letters of Credit to cover allraw materials and equipment importation the Company requires on a monthly basis.
  • Follow up with procurement team for prompt changes to PFI and draft LCs tohasten up LC Confirmation and Telex transmission by banks.
  • Manage and mitigate all foreign currency exposure around letters ofcredit and import financing.
  • Keep abreast of CBN regulatory pronouncements,circulars, and information that may concern the Company's treasury operations andensure the regulator's rules are not flouted by the Company in its day-to-daytreasury management.


Main Activities/ Details of Key Tasks:
  • Daily update of cash flow report andliquidity management
  • Monthly preparation of cash flow statement
  • Corporatefinancing, Import finance facility management
  • Bank relationship and bankborrowing management
  • Settlement of financial obligation due
  • Cash Flow Budget,Project accounting, and financial reporting.


Special Requirements:
  • The candidate must have strong communication skills,oral and written, with the ability to lead a team of Treasury professionals andcross-functional teams.
  • Candidate must be analytical and possess stronginterpersonal and leadership skills, advanced excel skills, PowerPointpresentation skills


Educational Qualifications:

  • Mustpossess a first degree in any managerial science or other relevant disciplines,requisite professional accountancy qualifications, and 5+ years of overallexperience in cash management, pension management, capital markets, and/ orcorporate finance in a corporate environment.
  • Experienceworking in a global business environment is a plus.
  • Familiaritywith SAP ERP application