Treasury Specialist at British American Tobacco

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