Treasury Manager at SIMS Nigeria Limited

Job Description

• The ideal candidate should be analytical, proactive and results oriented. He/she must possess extensive knowledge of investment portfolio strategies as well as banking and financial instruments.

Core Responsibility

• Responsible for all cash management functions i.e. cash concentration, account funding, local and international bank transfers as well as ensuring adequate liquidity for working capital needs and investing excess cash.
• Responsible for overseeing and strengthening relationships with all banks and financial institutions as well as negotiating all bank and service fees.
• Responsible for forecasting daily cash requirements as well as daily company income and interest expense.
• Review and recommend changes to the organization’s investment policies based on the market conditions as well as assess treasury performance benchmarks and recommend changes when necessary.
• Evaluation, development and implementation of cash management systems to optimize efficiencies.
• Conduct benchmark studies on banks /other financial institutions and their services to evaluate compatibility with the organization’s needs.
• Develop and monitor treasury operational policies and ensure compliance with the organization’s internal controls, policies & procedures.
• Responsible for the determination of the organization’s tax position and the applicability of taxable/non-taxable instruments.
• Reconciliation of all daily cash receipts, daily bank deposits, daily POS transactions and petty cash transactions.

Required Experience/Qualifications

• Minimum of 10 years experience in treasury management with at least 7 years in a leadership role in a reputable commercial or FMCG environment.
• Must possess a degree in Finance, Accounting or any other related field (An MBA degree will be an added advantage).
• Must be a member/fellow of a recognized accounting professional body i.e. ICAN, ACCA e.t.c.