Treasury Manager at Nairagram Limited

Job Description

• The Treasury Manager is responsible for cash and treasury operations, short-term borrowing, and investments, as well as payments.
• The successful candidate will monitor compliance with the Treasury department's goals, assess the products, services, technologies, and systems that are available and appropriate for the department and oversee all aspects of the company's financial risk exposures including interest rate risk and foreign currency risk.

Responsibilities
Strategic Insight and Integration:

• Identify and implement strategies in ensuring designed and executing operational processes on settle payouts to merchants, managing daily, weekly and monthly reconciliation of settlements, and escalations to partners, liquidity providers, payment processors and more for any risk-related issues.

Technical / Analysis and Problem Solving:

• Preparation and analysis of daily float, exposure, liquidity reports within the organisation
• Monitor exposure limits set by currency based on volatility, trade size limited by max. theoretical loss based on volatility
• Perform daily open position reconciliation and ensure that Treasury performance is tracked and reported accurately.
• Analyse and monitor the deal life cycle for key instruments from consummation to post-settlement reconciliation
• First line oversight for operational risk within Treasury as well as for dealing activities executed by the Treasury function, including assurance that deals are executed in line with Dealing Mandates, within limits and Policy.
• Maintain Quick-book keeping system for storage of account statements, overtime remittance, invoice generated amounts)
• Maintain relationship with the banks ensuring smooth flow of funds across all banking systems, maintaining banks statement and implementing banking related changes
• Carryout verification of funds/payments deposited by customers, partners and forex traders
• Ensure all payment gateways/payouts are properly funded to execute transactions (Interswitch, Flutterwave, Equity Bank ,Zeepay etc)
• Performs Mid-Market Surveys of rates to determine best rate in which currencies are sold or bought
• Provide daily exchanges rates for various parties such as Business to Business Customers, Business to Partners rate and Forex trader
• Carry out trading activities daily all trades must be properly inputted and update using the trading software
• Ensure due diligence are performed on all trading partners and passed across to compliance department
• Ensure critical controls relating to market risk management is being observed and assist in raising appropriate awareness in Treasury Front and Back-Office.
• Keep abreast of local market developments which could have direct bearing on change to procedures/reporting requirements.
• Monitor offshore bank balances to ensure that funds are available to meet the daily opex payments of the company after making investments and buffer requirements are met.
• Seek out opportunities for excess liquidity and Invest surplus USD balances in offshore Money Market Funds with the company’s approved Fund Managers. Management of portfolio of over $1bn+
• Develop and Implement strategies to manage foreign exchange exposure
• Prepare rolling cash forecasts to determine funding requirements
• Co-ordinate US dollar Sales to Nigerian banks from invitation of banks to bid evaluation, award, settlement and all related documentation.
• Prepare reports and advisory notes for engagement with Shareholders and other Stakeholders
• Provide support for the Administration of Shareholder Loans and prompt payment of approved Shareholder dividend payments
• Provide information for Input into financial statements and finance system operation
• Prepare adhoc briefing notes to Executive and Senior Management to foster decision making

Interpersonal, Relationship Management & Collaboration:

• Liaising with internal stakeholders and follow up with external customers on all account related requests

Customer Focus:

• Ensure Internal and External Customer Satisfaction

Requirements

• Bachelor of Science (BSc. Hons) Degree or Higher National Diploma (HND) in Accounting, Finance, Business Management or other applicable courses from a reputable higher institution.
• Minimum 5 year’s experience at treasury positions in Fintech or Payment companies/banks
• Professional accounting qualification ICAN/ACCA.
• In-depth knowledge of IFRS, Auditing standards, CAMA, and other local/ International laws as may be applicable.

Skills:

• Strong knowledge of auditing standards, procedures, laws, rules, and regulations.
• A thorough understanding of key areas such as risk, compliance, and financial legislation.
• Understanding and experience of treasury accounting including FX, liquidity, cashflow and various financial instruments.
• Strong understanding of financial markets, financial instruments and debt instruments
• In-depth industry knowledge regarding best practices, policies, current regulations, and technology.
• Strategic thinker with the ability to work across a broad range of issues and demonstrate strong interpersonal skills and ability to manage and influence change.
• Excellent presentation, collaboration, verbal and written communication skills.
• Engage in continuous knowledge development regarding the sector’s rules, regulations, best practices, tools, techniques, and performance standards.
• Ability to translate business needs and problems into viable and accepted solutions.
• Ability to liaise with individuals across a wide variety of operational, functional, and technical disciplines.
• High level of efficiency, accuracy, integrity, collaboration with a team and attention to detail.
• Advanced computer skills on MS Office, accounting software and databases.