Treasury Analyst at Calaya Engineering Services

About the Job
Service Dimensions:

• This job covers all treasury activities in the Company
• Several local and international banking institutions, laws, and regulations as well as Parent Company’s treasury rules
• Approximately 8,700 transactions processed monthly
• 96 foreign and local bank accounts.

Activities
The incumbent is required to perform the following activities:

Treasury Cash Forecasts and Management:

• Forecasts the Company’s daily cash need, monitors performance, and analyses variances by comparing forecasts versus performance to ensure efficient cash management.
• Evaluates the Company’s need for Naira, as the senior analyst, and conducts negotiations for FOREX Sales required operations.
• Supports the Treasurer in monitoring Company’s bank balances to ensure availability of funds for smooth company operations.

Reports:

• Produces Daily Bank Balance and FX Sales reports, and contributes to preparing Treasury Tableaude Bord for management decision-making.
• Prepares and dispatches NXP reports for Crude Oil & Gas Commercial to ensure compliance with regulatory requirements.
• Provides adequate economic reasons for all key cash flow movements for the weekly treasury meeting in HQ
• Provides the Company’s weekly forecast overdraft position with relevant explanation of forecast movements.

Accounting:

• Monitors cash call receipts as the senior cash flow analyst and informs relevant stakeholders for adequate reporting of arrears.
• Collaborates with Accounting Department to ensure adequate recording of Treasury transactions.
• Follows up on pending or returned payments and receipts as the senior analyst to ensure adequate resolution of issues. Controls
• Implements approved internal control procedures on treasury operations to ensure safety of the Company’s financial assets
• Implements relevant financial laws, regulations, agreements, and covenants with authorities and financial institutions
• Communicates with banks on confirmation of payment instructions, missing daily MT940 bank statements.

Banking Relationship:

• Supports the Treasurer in developing and maintaining positive relations with banks and lenders in order to achieve the Company’s objectives.
• Participates in negotiating bank facilities and supports the documentation process.

Context and Environment:

• Dynamic legal and regulatory (e.g.,CBN ad-hoc directives) environment, constraining creativity, and increasing risk of sanctions.
• Increasing sophistication in Cyber crimes, higher potential for financial crimes, and exposure to third-party threats and weaknesses
• Reliance on information technology & communication and its inherent challenges, may be beyond the treasurer’s control
• Omissions, commissions, errors, and fraud could potentially lead to high financial loss to the company.

HSE Content:

• General Awareness of HSE.

Accountabilities

• Synchronizes cash flows for the Treasurer to ensure that Company’s financial obligations are met as at when due.
• Implements cash flow operational procedures and controls to ensure adequate safeguard of the Company’s financial resources
• Prepares daily cash forecasts, monitors performances, and analyses variations to ensure efficient cash management
• Cultivates and maintains positive relations with bankers and lenders to ensure operational efficiency.
• Maintains an up-to-date working knowledge of relevant regulations and company rules to ensure compliance.

Qualifications / Experience Required

• Minimum educational qualification of HND / B.Sc in Social Sciences / Finance / Accounting / Banking / Economics
• 8 years relevant post-graduation experience in Finance/Banking/Treasury function (treasury operations experience in a
• banking/finance institution will be an added advantage).
• Possession of excellent analytical and communication skills as knowledge of Microsoft Office (at least Intermediate Level).