Treasury Operations & Performance Associate/Specialist at Egbin Power Plc

Job Summary

• Assist to manage liquidity and cash flow ensuring business needs are met in a cost effective and prudent manner. Processes funds requests, transfers and payment processing and relationship management.

Key Duties and Responsibilities

• Ensures adherence to processes and frameworks for managing liquidity and risk.
• Ensures adherence to strategies to meet short, medium and long-term financing needs ensuring alignment with the organisation’s goals and objectives.
• Assist to ensure judicious management of organization’s liquidity to meet all likely contingencies within established risk limits.
• Ensures the preparation of cash forecasts and manage cash flows/cycles ensuring availability of adequate funds to meet daily operational requirements.
• Ensure the validation of all supplier and vendor payments and ensure that all requests for payment are supported with valid supporting documents in line with organization’s financial policies.
• Oversee the disbursement of cash ensuring compliance with defined policies and procedures.
• Recommend strategies for raising necessary funds to facilitate the realisation of Egbin’s operational and corporate objectives.
• Assist in all foreign exchange dealings for Egbin Power plc.
• Cultivate and manage relationships with key bankers and investors.
• Participate/ provide inputs in the review of Egbin’s bankers ensuring compliance with Service Level Agreements (SLAs).
• Ensure the preparation and rendition of tax returns and retention of all relevant tax records
• Ensure accurate computation and accounting for taxes ensure prompt settlement of liabilities
• Compute accurately and file all federal, state, local, sales, and other tax returns including relevant reports to ensure compliance with all tax laws and regulations
• Work with the Cash management Officer to ensure cheques for tax payments are promptly issued
• Ensures the tax payments at designated banks and obtain necessary receipts and other documents required for tax filing
• Extract, collate and document relevant supports and proof of remittances for tax investigation
• Seek innovative ways for the business to benefit from tax relief and other similar advantages
• Assist with all tax-related research and interpretation of tax legislations and provisions
• Keep abreast of changes and updates in macroeconomic policies and advice the Head, Treasury, on the implications for the business.
• Assist in preparing the unit’s budget inputs and contribute in the preparation of the budget firm-wide.
• Prepare periodic report for the attention of the Head, Treasury
• Perform any other duties as assigned by the Head Treasury

Key Requirements
Education and Work Experience:

• A Bachelor's Degree or its equivalent in Accounting, Finance or a related discipline.
• Professional accounting/ finance certification, (e.g. ACA, ACCA, CIMA, CFA, etc.)
• Minimum of (2) years relevant experience

Skills and Competencies:

• Fair understanding of trends, challenges, opportunities, regulations and legislations relating to the power industry.
• In-depth knowledge of trends and developments in global accounting and finance practice.
• Advanced financial and accounting knowledge, including understanding of finance best practices and IFRS/ international accounting and financial reporting standards.
• Ability to develop sound business acumen – financial and commercial knowledge.
• Fair understanding of foreign exchange operations and associated regulations.
• Good communication and interpersonal skills.
• Good people management skills, including the ability to manage multiple/ complex teams effectively.
• Good analytical and problem-solving skills.
• High ethical standards and integrity.