Treasury Assistant (Contract) at British American Tobacco

Job number: 12721BR
Appointment type: Fixed term

Job Purpose

• The job holder will proactively support to execute Treasury & Cash Management processes such as, cash management, Import, Foreign exchange transactions management, Insurance risk management, credit facilities, and banking relationships.

Principal Accountabilities
Business/Operational Results:

• Provide proactive support (within the global treasury strategy framework) in order to implement opportunities for enhancing treasury effectiveness and to assist teams in delivering the global Treasury strategy.
• Execute treasury management activities following agreed global standard processes and frameworks
• Effective monitoring of cash status in all BATN Group banks to ensure compliance with mandates and counterparty limits.
• Effective monitoring of all trade transactions to ensure payments are made timely and proper ledger posting of the transactions.
• Ensure that discrepancies in documentation by suppliers are sorted out quickly to facilitate supplier payment.
• Efficient allocation of transactions and receipts across banks.
• Effective Foreign exchange bids at inter-bank and export proceeds utilisation.
• Identify opportunities and implement for continuous improvement with regard to treasury management processes and systems.

Leadership Results:

• Ensure that employees are aware of regulations governing foreign exchange and other transactions.
• Ensure Treasury operating procedures and control systems are implemented throughout the company.

Management Results:

• Timely and accurate maintenance of the LC & Bills tracker.
• Timely preparation of monthly clearing journals to GL and other reports.

Relationships Results:

• Effectively interface with other finance functions (including AP, GL, and Marketing Finance) to achieve targets and accurate reporting.
• Effective relationship with banks to achieve competitive costs, support and improved services.

Business Context:

• The Treasury Assistant will work with and report directly to the Treasury Executive.
• The Treasury Executive will add value by driving innovative solutions that support Treasury operations.

Innovation Results (Internal & External):

• Play a lead role in the periodic review of treasury manual and other policies.
• Drive the pooling initiative

Relationships
External:

• Banks
• CBN
• NOTAP

Internal:

• Financial Accounting
• Operations Finance
• Finance shared service centre - Collaborate closely with FSC to deliver effective treasury services.
• Supply Chain- Collaborate closely with Supply Chain Team in ensuring FX transaction documentation and OTIF settlement of foreign vendors.
• All employees requiring foreign exchange allowable by the CBN
• Treasury Manager

Essential Requirements
Knowledge, Skills & Experience:

• Degree educated
• Minimum 1-5 years’ experience in an FMCG or similar environment
• Thorough understanding of Accounting principles

Desirable Requirements:

• Professional qualification i.e. (ACA, ACCA, CIMA, CPA)
• In depth knowledge / experience in one or more specialist treasury activity
• Excellent interpersonal skills
• Good written & oral communication skills