Treasury Analyst - Naira Payments at Dangote

Description

• Dangote Cement Limited is seeking a highly motivated and detail-oriented Treasury Analyst who will be responsible for payments for statutory fees, terminal bills, delivery, handling, and other expenses related to imported gypsum consignments.

Key Duties and Responsibilities

• Prepare approval memos for funding and payment of plant transactions.
• Generate letters for fund transfers to banks and for funding operational accounts.
• Follow up with banks to ensure that draft requests and duty payment instructions are processed.
• Remit payments to other Strategic Business Units (SBUs) as instructed by the Group Treasurer.
• Process payments for statutory fees, terminal bills, delivery, handling, and other expenses related to imported gypsum consignments.
• Compile and prepare heavy ticket expense reports for approval by the Head of Treasury and the Group Chief Financial Officer (GCFO).
• Allocate and monitor large expense items approved by the GCFO, ensuring accuracy and completeness.
• Raise memos and seek approval for the purchase of foreign exchange (FX) authorized by the Group Treasurer/GCFO.
• Prepare memos and flow approvals for urgent FX purchases for DIL, Dangote Oil & Gas, and other SBUs as directed by the Head of Treasury and Group Treasurer.
• Prepare daily balance and sales collection reports.
• Analyze daily account statements and ensure all discrepancies are addressed by either the bank or the Treasury Unit.
• Generate account statements to reconcile payments made from the DCP-Cash Call account.
• Prepare the monthly USD cash flow report for Obajana.
• Compile monthly consolidated cash flow reports for both Naira and FX positions across all plants in Nigeria and Africa.
• Perform any other duties assigned by the immediate supervisor, Group Treasurer, or RCFO/GCFO.
• Assist sales and marketing staff with issues related to customer payments and confirmations.
• Liaise with the reconciliation team to resolve unresolved transactions and postings.
• Draft letters for issuing drafts and other payments to vendors.
• Follow up with corporate sales to confirm revenue receipts and Accounts Payable Bank Guarantees (APBG).
• Process import duty receipts and forward them to the Clearing and Documentation Department.
• Prepare the Withholding Tax (WHT) schedule and VAT remittance letters for bank payments.
• Ensure all e-receipts and credit notes related to tax remittances are collected, properly filed, and available when needed.
• Supervise the orderly filing of all documents to facilitate easy storage and retrieval.

Requirements

Education and Work Experience

• Bachelor’s degree or its equivalent in Accounting, Finance, Economics or any other related discipline.
• 3 - 9 years relevant work experience.

Skills and Competencies

• Good understanding of trends, challenges, opportunities, regulations and legislations relating to the cement manufacturing industry.
• Good knowledge and understanding of Treasury best practices, IFRS, and other applicable accounting standards.

Key Requirements.

• Basic knowledge of accounting packages and systems, including SAP.
• Good communication and interpersonal skills.
• Good Organizational skills.
• Good data gathering, analysis and problem solving skills
• High ethical standards and integrity.
• Proficiency in the use of MS Office tools.
• Ability to work independently under minimal supervision.