Head, Treasury and Foreign Operations at PricewaterhouseCoopers (PwC)

Reference Number: 130-PEO01174
Department: People & Change Nigeria
Job type: Permanent

Roles & Responsibilities
The role holder will be responsible for:

• Managing the organisation's liquidity and cash flow ensuring business needs are met in a cost effective and prudent manner while maintaining and managing optimal investments to drive business values.
• Coordinating and managing the design and implementation of mechanisms to enable proactive identification, resolution and management of financial risks (liquidity, interest rate, etc).
• Articulating and ensuring the Treasury and Foreign Operations Strategy aligns with the corporate goals and objectives of the organisation.
• Providing guidance and direction in the execution of the department’s work plans and programmes.
• Establishing processes that enhancing effective identification of financial risks and exposure and facilitating appropriate foreign exchange and interest hedging decisions.
• Managing the organisation’s cash flow liquidity and ensuring its ability to meet financial obligations/contingencies and operations.
• Ensuring timely and accurate collection, banking and records of inflows.
• Ensuring disbursements are approved in line with financial authority limits and adequately supported by relevant documentation.
• Overseeing the preparation of cash forecast and funding requirements to determine the organisation’s cash flow and liquidity position.
• Reviewing and proposing financing options to meet the organisation’s cash deficits/financing needs at minimal cost.

Requirements

• First degree in Business Administration, Accounting or any other Finance / Business related discipline.
• Relevant professional qualification e.g. CFA, ACCA, ACA.
• Minimum of fifteen (15) years cognate experience with at least two (2) years managerial experience.
• Significant knowledge of treasury operations as well as understanding the different asset classes and financial instruments, including hedge products.
• Experience in opening letters of Credit and managing domestic and correspondent banking relationships.
• Ability to monitor trend and developments in the financial markets, including movements interest rates and exchange rates, with a view to making recommendations on sound investment decisions
• Experience in cash flow and liquidity management.
• Demonstrated leadership capabilities, including ability to organise and manage human resources to attain goals.
• Willingness to work extra hours where required in order to achieve the organisation’s objectives.

Roles and Responsibilities
The role holder will be responsible for:

• Investing the organisation’s free funds to yield optimal returns.
• Coordinating the review, analysis and reporting of the organisation’s investment portfolio, yield and instruments.
• Developing and maintaining relationships with relevant financial institutions and government agencies to ensure long term financial viability.
• Providing advice to management team on all treasury related issues.
• Continually reviewing and assessing the effectiveness and efficiency of the department’s policies, procedures and processes and identify improvement opportunities.
• Preparing the department’s annual budget and monitor its implementation.
• Authorising expenditure/transactions in line with the approved financial authority limits.
• Communicating the goals of the department to subordinates and ensuring alignment of the department’s activities with divisional goals and objectives.
• Conducting performance appraisal and monitoring the performance of direct reports in line with agreed targets.
• Preparing and submitting monthly activity performance reports to the ED, Corporate Services.