Group Head, Treasury at Workforce Group

Job Summary

• Group Head Treasury will oversee and supervise all facets of treasury management, Tools/program development, setting KPIs, implementation, and strategic plan development/execution.
• Lead key strategic treasury projects – including implementation & streamlining of treasury processes, controls, risk management, bank account structure and account rationalization, payments etc., among others in collaboration with key stakeholders.
• Work with the business divisions, functional departments, and operating entities to ensure financial risk is correctly identified and advise on appropriate risk mitigation and instruments (which include foreign exchange transaction risk, balance sheet FX management and commodity risk)
• Develop plan for short term and long-term funding requirement within group companies and arrange for the same. Manage short term and long-term Liquidity in the group companies.
• Develop and manage FX procurement plan.

Main Responsibilties
Centralized Treasury Dept:

• Fully Functional Centralized Treasury Dept.
• 100% Achievement of yearly Departmental KPI Score
• Average BU's Satisfaction Score of 3.

ERP SAP:

• Implementation of Treasury, Risk Management and Cash Management
• TRM & Cash Management Module implemented.

Refinancing of LC Obligations:

• Refinance the short-term LC facility to long term facility

• Access BOI loan to refinance due obligation
• Convert long overdue trade obligations to 3-year term loan
• Timely revolve short term debts.

Online Payment System – NIBSS:

• Set up all Banks on NIBBS Platform
• Align with Banks and sign off documents
• Start SAP/NIBBS Integration.

CP Project:

• Complete documentation, Fund mobilization and disbursement of fund for CP Project
• Capital Projects and Business Operations Funding
• Mobilize all BU's fully funded Capital Projects and Business Operations
• Mobilize Project fund with WACC in line with ABP.
• Mobilize Working Capital fund with WACC in line with ABP.

Forex Acquisition:

• Acquire foreign exchange per month & meet company needs.
• Relationship Management
• On time publishing of Financial Partners Newsletter

Educational Qualifications and Required Skills

• University Degree in Banking and Finance or equivalent.
• Minimum 15 years cumulative experience preferably in Multinational Manufacturing/FMCG/Plastics Environment.
• Master's degree in finances and any related business field is an added advantage.
• Professional qualification such as CA, CPA, CFA, ACCA, ACA, ICAN or ACIB is necessary.
• Banking and capital markets experience including credit analysis and multi-institution debt facility negotiation.
• Good knowledge of Treasury functions, processes, controls, accounting, and business finance.
• Strong industry network including experience dealing with banks, government, regulators, and tax authorities.
• Strong experience in currency risk management and exchange services.
• Good understanding of FX transaction and translation implications.
• Deep knowledge of CBN and other relevant regulations and guidelines.
• Demonstrated ability to leverage technology as a key enabler to enhance productivity and decision support.
• Ability to recommend and implement necessary controls and policies to safeguard cash asset of the bank.