Treasury Manager at NES Global Talent

Location: Africa: Nigeria

Type: Permanent

Posted: 11 Nov 2014

Reference: 34284

The Treasury Manager,  is responsible for provision of necessary professional support to the CFO in the area of Corporate Funds management for two companies within the Group. The job holder will coordinate the treasury staff for productivity optimisation towards achieving the organisational goals and objectives. He will develop a healthy relationship with bankers, insurance companies and regulatory authorities while serving as liaison officer between them and the companies.

Corporate Funds ManagementSourcing for funds for the organisations' working capital at cheapest price possible. Effective management of the companies' cash flow to balance dry working capital situation with holding of idle funds.Management of the company's payment system  and policies with the utmost aim of optimising utilisation of available funds.Monitoring of vendors' data master fileCoordinating the companies' borrowing activities with the banks and other financial institutions.Providing professional advice as regards management of excess cash and cash flow forecasts.

Financial Institutions Relationship Management Coordinating the companies' general banking relationships and alliance for efficient banking services deliveryCreating and maintaining correspondences with banks and Insurance companiesMaintenance of the companies' insurance portfolio and coordinating both the Insurance renewal and Insurance claim processesPreparation of the annual Banking Resolution for review of the CFO and subsequent submission to board for approval.

Coordination of Trade Finance funding Coordinating the process of Establishment of Letter of Credit to finance importation of productsMonitoring of Letter of Credit life span to ensure funds are made available for its liquidation as at when due.Evaluation of various re financing options for overdue Letters of Credit.Coordination all foreign direct remittance for offshore services, training  and purchases

Préparation and Rendition of Management Reports Rendition of daily Assets and liabilities position for MRS group account preparation.Coordination of the preparation and rendition of daily Income and Expenditure reports for the Executive management reviewDaily review of banks' balances and position for management daily decision making.Preparation and presentation of other management accounts for management decision making.

Filing for SDN Claim and Monitoring of PPPRA Receivables  Submission of required documents to the DPR and PPPRA on all established Letters of Credit for PMS importationProcessing of PPPRA advice for payments of PPPRA Administrative and PEF charges in anticipation of receipt of SDN.Coordination of SDN redemption from Central Bank Of Nigeria and DMO through our bankers.Management of correspondence on PPPRA receivables with the DPR, DMO, PPPRA and CBN Ensuring that PPPRA receivables are accurately represented in our books 20

Key Performance IndicatorsFinancialsEffective Management of interest expenses incurred on Import finance facilities from our banks and other short term funds while optimising the interest income receivable from short term deposit.

Internal ProcessHave an effective interpersonal relationship with the banks to ensure adequate information is obtained in order to price our facilities better.

CustomerDeveloping a productive relationship with the bankers and insurance officials for prompt handling of issues. Resolute in best services deliverables to our vendors.

Learning & GrowthFrequent update of knowledge about the economy and the industry for effective guidance and serving as reference point for subordinates.

Qualifications
BSc in Accounting or any other relevant social science subjects.Professional Qualification in Accounting e.g ICAN, ACA etc
MBA will be an added advantage

Knowledge, skills and competencies
Good analytical mind and advance mathematical skills
Must be a proven team leader
Goal oriented and targeted rivenGreat interpersonal skill
Communication skills
Proficiency in the use of Microsoft Word and Excel

Experience
At least 5 years experience in a related position or banking environment
Experience in investment banking and treasury operations
International trade finance
Personal Attributes
Honest and dedicated
paying attention to details
Ability to work without supervision
Impeachable Integrity

Physical & Other Requirements
Ability to work for longer hours outside the usual working hours