Chief Operating Officer at iWorld Outsourcing Limited

Our client, a key player in the insurance sector is seeking to engage the services of a CHIEF OPERATING OFFICER in one of its subsidiaries.

JOB DUTIES/RSPONSIBILITIES

• Generate new businesses, maintain strong client relationships and ensure profitability
• To efficiently manage the treasury function of the organization
• Ensures treasury activities are in compliance with treasury policies, accounting guidelines, governance policies and internal control.
• Source funds required for the company’s operations
• Oversee Cash flow forecasts for weekly and monthly cash inflows and outflows
• Provides financial planning, budgeting and reporting activities, while also develop, implement and support financial modelling and analysis for budgeting and forecasting.
• Provides timely and accurate financial projection updates, identifying risks & opportunities along with recommendations.
• Protect company’s margins through control and reduction of finances costs
• Manage the risk asset portfolio of the organization.
• Carry out operations in accordance with internal and CBN regulations
• Ensures compliance with internal controls, policies and procedures
• Develops and implements asset and liabilities, liquidity and maturity risk
• Understands market sentiments, take advantage of market trends and predict future market behavior.
• Measures, Monitors and controls interest rate risk (IRR)
• Monitors the firm cash and liquidity position and ensures that the treasury risk limits and statutory reserve requirements are adhered to on daily basis.
• Monitors interest rates and ensure rates are consistent with the firm policies

Experience

• Should possess at least 10 years relevant experience of which at least five (5) must have been at a senior and strategic management level.
• Between 5/10 Years’ experience of successful commercial management.
• Highly developed and finely tuned experience of setting strategic direction.
• Experienced in producing and developing strategic business plans
• IFRS knowledge
• Financial Reporting Council of Nigeria Act, 2011
• CBN Monetary Guidelines
• Pension Reforms Act 2014
• Global best practices in Treasury Management
• Knowledge in Back-Office Support for corporate Treasury
• Extensive experience in liquidity Management and accounts payable settlement
• Conversant with up-to-date treasury products, policies and accounting rules

Qualifications

• First Degree or its equivalent in related disciplines from a reputable tertiary institution
• Membership of a relevant professional association e.g., ICAN, CIS, CIBN, ACCA, etc.
• A Masters and/or Doctorate degree in the social science will be an advantage