Treasury Controller at WTS Energy

JOB RESPONSIBILITIES

Bank Charges and Loan Management.

• Prepares, controls, verifies, and reconciles bank loan interests, charges, and incomes and liaises with banks where necessary
• Maintains periodic financial information as may be required by management, lenders, and regulatory authorities.
• Prepares monthly journals/accruals for bank charges, interests, fees, and incomes and ensures accurate booking in SAP.
• Prepares and updates database of all company loans and monitors compliance with loan covenants.

Bank Bonds and Guarantee Management

• Maintains a database of bonds and guarantees issued and received by the Company.
• Performs monthly review of the status of existing Bonds and Guarantees.
• Provide information and reports as required by management.

Compliance and Risk Management

• Implements Company’s cash management rules, procedures and internal control requirements in line with Group Rules.
• Participates in financial and counter-party risk analysis, including banks’ soundness (credit rating).
• Prepares monthly SOX control documentation and compliance issues and manage the assessment process for Treasury.
• Reviews / updates existing procedures and documents new processes as the job evolves.

Reporting and Administration

• Prepares weekly Treasury report and contribute to the production of monthly Treasury Tableau de Bord
• Coordinates external reporting obligations of Treasury Department to Central Bank of Nigeria (CBN).
• Documents monthly bank statements and contributes to monthly bank reconciliation processes
• Monitors and updates key economic indicators, including foreign exchange, inflation, and interest rates
• Monitoring/Updating of interest rates and foreign exchange rates on daily basis for business decision.
• Updates monthly treasury workbook with actual payments and receipts

Banking Relationship

• Participate in building relationship with key financial institutions and agencies in Nigeria
• Prepares, despatches, and maintains database of all correspondence with banks

CONTEXT AND ENVIRONMENT

• Dynamic legal and regulatory (e.g., CBN ad-hoc directives) environment, constraining creativity, and increasing risk of sanctions.
• Increasing sophistication in Cybercrimes, 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

ACCOUNTABILITIES

• Prepares accurate schedule of bank charges, interest income, and other financial cost/income in line with approved terms
• Maintains adequate database for loans, bonds, guarantees, and bank statements to guarantee integrity of financial data
• Maintains schedules of foreign exchange rates, inflation, and interest rates to aid management decision-making
• Prepares and monitors a check-list of loan covenants to ensure the Company complies with its financial obligations
• Prepares monthly treasury workbook for forecasting accurate cash position during PDCs and Budget exercises
• Maintains database of letters and memos to ensure the integrity of communications with stakeholders
• Compliance with established company rules and government policies, monitoring controls to prevent errors and fraud

QUALIFICATIONS / EXPERIENCE REQUIRED

• Minimum education qualification HND/ BSc. in Finance/Accounting/Banking/Economics
• 3-5 years relevant post-graduation experience in Finance/Accounting/Banking/Treasury function.
• Good organisational, analytical, communication, and Inter-personal skills) and good knowledge of Microsoft Office.