Treasury Manager at Cumbrian Consulting

Location: Lagos (but may require some travel outside Lagos).
Reports to: Chief Finance Officer (CFO)
Job field: Finance/ Accounting/ Audit

Job Description

• We are seeking to hire an experienced, commercial and innovative professional as Treasury Manager. The candidate must be Creative, Proactive, Decisive, Analytical, Results oriented and have integrity.

Responsibilities
The Treasury Manager will be responsible for the following key functions among others:

• Cash management functions such as cash concentration, account funding, local and international bank transfers as well as ensuring adequate liquidity for working capital needs and investing excess cash.
• Overseeing and strengthening relationships with all banks and financial institutions as well as negotiating all bank and service fees.
• Forecasting daily cash requirements as well as daily company income and interest expense.
• Reviewing and recommending changes to the organization’s investment policies based on the market conditions as well as assessing treasury performance benchmarks and recommending changes when necessary.
• Evaluation, development and implementation of cash management systems to optimize efficiency.
• Conducting benchmark studies on banks /other financial institutions and their services to evaluate capacity and compatibility for the organization’s needs.
• Developing and monitoring Treasury operational policies and ensuring compliance with the organization’s internal controls, policies & procedures.
• Determination (with the CFO) 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.

Key Performance Areas:

• Liquidity & Cash Management.
• Funding & Investment Management.
• Forex, Commodity & Interest Rate Exposure Management.
• Treasury Operations and Accounting.
• Risk Management & Policy Compliance.

Education/ Professional Qualifications

• A degree in Finance, Accounting, Business Management or other related field. A Post-graduate degree will be an added advantage.
• Must be a Member/Fellow of a recognized Accounting professional body: ICAN, ACCA, CIMA, etc.

Experience:

• Minimum of 10 years’ experience in Treasury Management with 7 years at Management/Leadership levels.
• Industry or previous work experience in a retail/Fast Moving Consumer Goods (FMCG), Telecommunication or Manufacturing environment.
• Extensive experience in preparing cash forecasts, cash flow analysis and building financial models.
• The ability to lead and coach a team towards the achievement of departmental and organizational goals is fundamental.

Key Skills & Competencies Required:

• Strong analytical, financial and IT Skills (Familiarity with the usage of an ERP application is an advantage)
• Excellent collaboration, verbal and written communication skills
• Knowledge of investment portfolio strategy, banking and financial instruments.
• Accuracy and strong attention to detail.
• Excellent Presentation skills.
• Relationship Management.
• Critical thinking and decision making skills.

Remuneration
A Highly competitive salary plus other benefits.