Treasury Manager at Cumbrian Consulting

Education/ Professional Qualification:

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.

Age:   The ideal candidate should not be less than 40 years old.

Reports to: Chief Finance Officer (CFO)

Location: Lagos (but may require some travel outside Lagos).

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.

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.

Remuneration:  A Highly competitive salary plus other benefits.