Treasury Officer (Financial Institution) at iRecruiters Africa Limited

Job Summary:

Our client is currently seeking to hire a competent Treasury Officer to oversee the financial treasury, including the management of corporate liquidity, short-term investments, client relationships, and other relevant treasury-related activities. H/she will be responsible for developing and undertaking a range of strategic, liquidity, and financial risk management activities that are expected to drive continuous improvement and sustainable growth in the client base and volume of the company’s treasury portfolio while promoting efficiency in the pricing and tenor of funds under management.

Job Responsibilities

Mobilization of Funds, Liquidity Planning, and Control

• Mobilization of funds from individuals and corporate entities towards ensuring that the company’s liquidity requirements are met per time
• Forecasting cash flow positions and borrowing needs well in advance to avoid the possibility of a liquidity shortage
• Identifying new markets and developing new relationships for the continuous growth of the funds and clients’ base

Relationship Management

• Establishing, building, and maintaining pleasant professional relationships with all clients and prospects
• Providing advice on financial management matters to management
• Liaising with fund placement counterparties to maintain positive working relationships
• Performing proper KYC on all prospective clients before establishing financial relationships with them

Funds and Pricing Management

• Identifying the probable risk of cash withdrawals and planning against limited cash flow; profiling reputable financial institutions offering superior returns; and developing the Deposit Placement Limit (DPL) for such institutions
• Presenting recommendations to approving authorities for profitable investments in excess liquidity.
• Continuous management of the Weighted Average Cost of borrowings (WAC) and ensuring this is maintained within the agreed thresholds
• Constantly reviewing the rate guide and benchmarking the same with the industry average to ensure that the company remains competitive but equally efficient

Financial Risk Management

• Ensuring that there is no overdependence on a particular source of funds within the portfolio
• Constantly rebalancing and repricing the portfolio to minimize the potential for losses in terms of costs and concentration
• Analyzing the impact of financial markets on the performance of each treasury product or service and making necessary adjustments
• Adopting appropriate hedging and risk mitigation mechanisms in the management of the company’s exposure to market and liquidity risks
• Keeping abreast of the latest developments in the financial markets, industry, and economy and being proactive in responses

Key Requirements

• Bachelor’s Degree in any field.
• A Master’s degree and/or professional qualification will be an added advantage.
• 3+ years working experience in the financial services industry, more importantly in a market-facing financial treasury role
• Proven track record of selling financial treasury products and managing individual and corporate treasury relationships
• Experience in generating new treasury business, cold calling, warm calling, and client retention
• Strong ability to communicate (written and oral) effectively with internal and external stakeholders
• Good knowledge of Microsoft Office Suite (Word, Excel, PowerPoint, and Outlook)