Treasury Manager at CIG Motor Ltd

Job Summary:

• The Treasury Manager is responsible for overseeing the treasury and settlement activities of CIG Motors’ Nigerian business entities. This role ensures effective cash management, liquidity planning, bank relationship management, internal settlements, foreign exchange transactions, and treasury reporting. The Treasury Manager will play a critical role optimizing cash utilization, supporting financing activities, and ensuring compliance with internal policies and financial regulations.

Key Responsibilities:

• Treasury Operations: Implement and enforce treasury and settlement policies, procedures, workflows, and delegated authority guidelines.
• Cash Management: Monitor daily cash balances across Nigerian business entities and ensure sufficient liquidity to support operational activities.
• Fund Allocation: Allocate internal funds efficiently among business entities to minimize idle cash and improve capital turnover.
• Cash Flow Planning: Prepare and submit monthly treasury funding plans, weekly cash receipts and payments reports, and variance or exception reports to the Group Finance Center.
• Bank Relationship Management: Maintain effective relationships with banks and financial institutions, and coordinate banking transactions and treasury-related activities.
• Financing Support: Assist in loan applications, financing arrangements, and other funding-related activities.
• Risk Management: Ensure the security and proper control of company funds by identifying treasury-related risks and implementing corrective measures.
• Compliance and Controls: Ensure treasury activities comply with company policies, financial regulations, and internal control requirements.
• Process Improvement: Support the enhancement of treasury management systems, policies, and procedures to improve efficiency and governance.
• Team Leadership: Supervise, train, and develop treasury and settlement personnel to build a competent and efficient team.
• Cross-functional Coordination: Collaborate with finance, operations, and other departments to ensure smooth execution of treasury and settlement activities.

Requirements

• Bachelor’s degree or higher in Finance, Accounting, Economics, or a related field.
• Professional qualification such as ACCA, CPA, ICAN, or equivalent is preferred.
• Minimum of 3 years relevant finance or treasury experience.
• At least 2 years of experience in a similar treasury, settlement, or cash management role.
• Strong knowledge of financial regulations, treasury management, cash flow forecasting, and corporate finance processes.
• Experience in banking, corporate treasury, or financial management is an added advantage.

Competencies:

• Strong analytical and financial modelling skills.
• Proficiency in Microsoft Office applications, particularly Excel.
• Experience with financial and treasury management software.
• Excellent decision-making and problem-solving abilities.
• Strong leadership, communication, and interpersonal skills.
• High level of integrity, professionalism, and attention to detail.
• Ability to work under pressure and manage multiple priorities effectively

Key Performance Indicators (KPIs)

• Timely completion of treasury reports and funding plans.
• Accuracy and reliability of treasury and financial information.
• Effective cash flow forecasting and liquidity management.
• Compliance with treasury policies, financial regulations, and internal controls.
• Efficiency in fund allocation and reduction of idle cash balances.
• Timely resolution of treasury-related issues and exceptions.
• Quality of bank relationship management and financing support.
• Team performance, development, and collaboration with other departments.