JOB TITLE: Associate Manager, Treasury
JOB LOCATION: Lagos
Job type: Full-time
JOB DETAILS:
- Evaluation, development, and implementation of cash management systems to optimize efficiencies.
- Supervision of importation financing and letters of credit.
- Sourcing and raising of funds for LSNL
- Prepare weekly liquidity report
- Management of utilization of the company’s liquid resources to eliminate exposure to financial risks.
- Oversee and strengthen relationships with all banks and financial institutions as well as negotiating all bank and service fees.
- 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.
- Comparison of projected interest income / expense against actual with commentaries on variances.
- Ensure responsibility for all cash management functions i.e. cash concentration, account funding, local and
- Develop and monitor treasury operational policies and ensure compliance with the organization’s internal controls, policies & procedures.
Main Responsibilities / Tasks
Key Performance Indicators:
- 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 global logistics to manage the importation of goods and services (Letters of credit etc.)
- Working with account receivable, Sales and Customer service team to manage the set-up, overview and operations of all settlement accounts (both domestic and international)
- Provide weekly updates of the company credit lines
- Prepare weekly liquidity report
- Manage/optimize all intra-group funding, loan agreements etc.
- Document and maintain appropriate policies for operating & managing all treasury related activities.
- Prepare and present various monthly, quarterly and annual treasury and cash management reports.
- Follow up with the banks to ensure banking lines are secured on a timely basis
- Ensuring terms and conditions for funding are in line with company policies and ensure compliance.
- Study banking term sheets and identify areas that need to be negotiated with the banks.
- Minimize the cost of capital
Qualifications
Education and Professional Qualifications:
- Must possess a Degree in Finance, Accounting, or any other related field.
- Professional certification such as ICAN/ACCA/CPA is required.
- M.Sc/MBA is an added advantage.
Experience Required:
- Minimum of 5 years post qualification experience with proven integrity.
- Ability to take commercial insights and translate into the Organisation & People Agenda.
- Proven ability to facilitate, persuade, influence and build credibility with all levels and all functions.
- Analytical, interpretative, and decision-making skills.
- Excellent coaching and relationship-building skills.
- Sound IT knowledge in the use of outlook (Excel, word and powerpoint).
- Working knowledge in accounting package-SAGE (All modules).
- Sound communication and interpersonal skills.
- Ability to effectively communicate with all levels of the organization and perform well in a team environment.
- Willingness to adapt to changing business requirements and learn new systems/methods as required.
Competencies:
- Experience of international cash and FX exposure management and products.
- Strong analytical skills and proven experience in a corporate treasury environment.
- Strong commercial awareness and understanding of risk.
- Detailed understanding of Nigeria banking and payments processes.
- Project management skills and excellent communicator at all levels.
- Team player with good interpersonal skills.
- Proactive approach to task management and self-development.
Application Closing Date
Not Specified.
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Job Features
Job Category | Service Associate |