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  • Treasury Specialist at British American Tobacco

  • Posted on: 28 February, 2019 Deadline: Not Specified
  • View Jobs in Manufacturing / Production / FMCG View All Jobs at British American Tobacco
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  • British American Tobacco is all about freedom of choice - whether it’s our people or our products. Combined with our entrepreneurial spirit, it’s what’s driven our phenomenal success. We started trading tobacco over a hundred years ago. Today, we’re a multibillion dollar company with more than 200 brands in our portfolio. With robust positions in each of our regional markets, our future looks equally bright too.

    Treasury Specialist


    Job Number:  16691
    Location: Lagos
    Function: Finance
    Level: Experienced Professional
    Appointment Type: Permanent
    Job Purpose

    • British American Tobacco has an exciting opportunity for a Treasury Specialist to join our Finance team in Nigeria.
    • To provide support to treasury operations in the areas of cash flow management, bank relationship and Import and Forex transactions monitoring with a view to improving profitability by assessing periodic liquidity needs, exploring funding sources and investment opportunities.

    Principal Accountabilities
    Business/Operational Results:

    • To contribute to the continuing financial stability of the company by advising the treasury manager on liquidity status in line with counterparty exposure limits across Wes Africa Area.
    • Support in providing appropriate visibility/escalations & reporting on key changes in macroeconomic policies, FX (foreign exchanges) exposures and currency control/restriction policies across the West Africa Area.
    • Support and drive working capital management initiatives to drive efficiency of foreign currency operations that support the sustainability of the factory/commercial operations.
    • Support Treasury Manager at achieving cost of capital and bank charges optimization; as well as managing liquidity / funding requirement to meet dividend & other intercompany remittance objectives.
    • Ensure Treasury policy is strictly adhered to in all business transaction and Treasury decisions to protect Company Interests.
    • Preparation of ad-hoc analysis and evaluations to aid management in making informed decisions.
    • Liaise with banks on efficient and effective international trade financing method that supports delivery of business objectives
    • Execute daily operations activities

    Management Results:

    • Improve accuracy of cash flow forecast to ensure optimized cash flow.
    • Ensure reduction in the current level of trade charges.
    • Prompt charge out of completed LC (letter of credit) transactions from BATN (British American Tobacco Nigeria) and its subsidiary books.
    • Provide good support to the treasury manager to deliver on key business objectives

    Relationships Results:

    • Maintain good interface with other units within the finance department: AP (accounts payable), GL (general ledger), and cash management, marketing finance; for the purpose of achieving good results.
    • Leverage on relationship with company bankers to achieve competitive cost of funding and interest rate optimization for the company.

    Knowledge, skills and Experience

    • The job holder must have a financial background with a minimum of 5 years post qualifying experience supported by a sound commercial awareness preferably in a FMCG company.
    • Professional Accountancy qualification will be an added advantage
    • Good analytical skills, with focus on problem solving
    • Excellent communication skill, verbal and written
    • Excellent spreadsheet and general computer skills including SAP and BPC
    • Ability to work independently and result driven.

    Key Success Factors:

    • Effective liquidity management and forecasts that supports business needs.
    • Providing an effective support to Treasury Manager on day to day operational issues.
    • Implementation and use of financial information and tools in the company to support business analysis, business strategy and decision making
    • Effective working relationship with all relevant stakeholders (internal & external)

    Working Relationship
    Reports on a day to day basis to the treasury manager in British American Tobacco Nigeria:

    • External: external auditors; banks and institutions
    • Internal: peers; internal audit; all functions employees

    Method of Application

    Interested and qualified? Go to British American Tobacco career website on to apply

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