Treasury Manager at Sahara Group

Job Summary

• Manage liquidity and cash flow ensuring business needs are met in a cost effective and prudent manner.
• Manage and oversee funds requests, transfers and payment processing and relationship management.

Key Duties and Responsibilities

• Establish processes and frameworks for managing liquidity and risk.
• Implement liquidity and risk management processes and frameworks as defined by Sahara Group Treasury.
• Develop and implement strategies to meet short, medium and long term financing needs ensuring alignment with the organisation’s goals and objectives.
• Recommend strategies for raising necessary funds to facilitate the realisation of operational and corporate objectives.
• Track the deviations from MYTO approved accounts position, evaluate the reasons, take corrective actions as appropriate and update the Chief Finance Officer on exceptions
• Ensure judicious management of organization’s liquidity to meet all likely contingencies within established risk limits.
• Preparation of cash forecasts and manage cash flows/cycles ensuring availability of adequate funds to meet daily operational requirements.
• Oversee the validation of all supplier and vendor payments and ensure that all requests for payment are supported with valid supporting documents in line with organization’s financial policies.
• Disbursement of cash ensuring compliance with defined policies and procedures. • Recommend strategies for raising necessary funds to facilitate the realisation of FIPL’s operational and corporate objectives.
• Coordinate all foreign exchange dealings for FIPL.
• Cultivate and manage relationships with key bankers and investors.
• Participate/ provide inputs in the review of FIPL’s bankers ensuring compliance with Service Level Agreements (SLAs).
• Take responsibility for general payments reconciliation and control procedures.
• Notify supplier when payment instruments are ready for collection or funds are transferred.
• Review the preparation, processing and tracking of purchase requisitions, purchase orders, receipt of goods and services, capturing of invoices, reconciliation statements for supplier accounts and payment requests
• Ensure the preparation and rendition of tax returns and retention of all relevant tax records
• Ensure accurate computation and accounting for taxes ensure prompt settlement of liabilities
• Compute accurately and file all federal, state, local, sales, and other tax returns including relevant reports to ensure compliance with all tax laws and regulations
• Oversee the tax payments at designated banks and obtain necessary receipts and other documents required for tax filing
• Extract, collate and document relevant supports and proof of remittances for tax investigation
• Seek innovative ways for the business to benefit from tax relief and other similar advantages
• Assist with all tax-related research and interpretation of tax legislations and provisions
• Keep abreast of changes and updates in macroeconomic policies and advice the Chief Finance Officer on the implications for the business.
• Approve expenditures as defined in the approved manual of authority
• Prepare the unit’s budget inputs and contribute in the preparation of the budget firm-wide.
• Design and develop a unit plan those details how the unit will deliver on organizational requirements
• Coach, mentor and conduct performance appraisal for subordinates on a timely basis
• Conduct performance review of subordinates.
• Prepare periodic report for the attention of the Chief Finance Officer.
• Approve expenditure within the limits of approval
• Perform any other duties as assigned by the Chief Finance Officer.

Requirements

• A Bachelor's Degree or its equivalent in Accounting, Finance or a related discipline.
• Professional accounting/ finance certification, (e.g. ACA, ACCA, CIMA, CFA, etc.)
• Minimum of (10) years relevant experience with at least three (3) in a managerial role

Your Personal Attributes:

• Intrinsically motivated
• Results - oriented and pragmatic with exceptional problem solving and decision making skills;
• Top-notch networking and negotiation skills
• Emotionally intelligent and team player with an international outlook
• Excellent and precise communication & presentation skills;
• Comfortable and effective in managing and communicating with team members and stakeholders
• Ability to deliver results with low levels of supervision;
• Strong interpersonal skills, time management and planning skills
• Conscientious in approach to work
• Customer-centric and good leadership skills
• Good understanding of trends, challenges, opportunities, regulations and legislations relating to the power industry.
• In-depth knowledge of trends and developments in global accounting and finance practice.
• Advanced financial and accounting knowledge, including understanding of finance best practices and IFRS/ international accounting and financial reporting standards.
• Experience in strategic financial planning and analysis.
• Working knowledge of the Multi-Year Tariff Order, cost assumptions, returns on investments etc.
• Very sound business acumen – financial and commercial knowledge.
• Good understanding of foreign exchange operations and associated regulations.
• Good communication and interpersonal skills.
• Good leadership and people management skills, including the ability to manage multiple/ complex teams effectively.
• Excellent negotiation skills and influencing skills.
• Excellent analytical and problem-solving skills.
• High ethical standards and integrity.