Associate Manager, Treasury at BIC Nigeria

Main Purpose

• Evaluation, development, and implementation of cash management systems to optimize efficiencies.
• Supervision of importation financing and letters of credit.
• Sourcing and raising of funds for LSNL
• Prepare weekly liquidity report
• Management of utilization of the company’s liquid resources to eliminate exposure to financial risks.
• Oversee and strengthen relationships with all banks and financial institutions as well as negotiating all bank and service fees.
• Reconciliation of all daily cash receipts, daily bank deposits, daily and petty cash transactions
• Prepare short and long-term cash flow forecasts including periodic variance analysis.
• Comparison of projected interest income / expense against actual with commentaries on variances.
• Ensure responsibility for all cash management functions i.e. cash concentration, account funding, local and
• Develop and monitor treasury operational policies and ensure compliance with the organization’s internal controls, policies & procedures.

Main Responsibilities / Tasks
Key Performance Indicators:

• Understand, manage, and supervise all aspects of cash flow and borrowing needs for the organization
• Day to day management of working capital and FX sourcing for the Nigerian Market.
• Working with global supply chain and global logistics to manage the importation of goods and services (Letters of credit etc.)
• Working with account receivable, Sales and Customer service team to manage the set-up, overview and operations of all settlement accounts (both domestic and international)
• Provide weekly updates of the company credit lines
• Prepare weekly liquidity report
• Manage/optimize all intra-group funding, loan agreements etc.
• Document and maintain appropriate policies for operating & managing all treasury related activities.
• Prepare and present various monthly, quarterly and annual treasury and cash management reports.
• Follow up with the banks to ensure banking lines are secured on a timely basis
• Ensuring terms and conditions for funding are in line with company policies and ensure compliance.
• Study banking term sheets and identify areas that need to be negotiated with the banks.
• Minimize the cost of capital

Qualifications
Education and Professional Qualifications:

• Must possess a Degree in Finance, Accounting, or any other related field.
• Professional certification such as ICAN/ACCA/CPA is required.
• M.Sc/MBA is an added advantage.

Experience Required:

• Minimum of 5 years post qualification experience with proven integrity.
• Ability to take commercial insights and translate into the Organisation & People Agenda.
• Proven ability to facilitate, persuade, influence and build credibility with all levels and all functions.
• Analytical, interpretative, and decision-making skills.
• Excellent coaching and relationship-building skills.
• Sound IT knowledge in the use of outlook (Excel, word and powerpoint).
• Working knowledge in accounting package-SAGE (All modules).
• Sound communication and interpersonal skills.
• Ability to effectively communicate with all levels of the organization and perform well in a team environment.
• Willingness to adapt to changing business requirements and learn new systems/methods as required.

Competencies:

• Experience of international cash and FX exposure management and products.
• Strong analytical skills and proven experience in a corporate treasury environment.
• Strong commercial awareness and understanding of risk.
• Detailed understanding of Nigeria banking and payments processes.
• Project management skills and excellent communicator at all levels.
• Team player with good interpersonal skills.
• Proactive approach to task management and self-development.