Treasury Officer at Ascentech Services Limited

Job Summary

• The Treasury Officer will be responsible for managing the company’s cash flow, banking relationships and payments.
• The role ensures liquidity for smooth operations, optimizes working capital, and maintains compliance with financial regulations
• The role will require expertise in financial software, liquidity management and cash flow, banking operations and financial instruments and Nigerian tax laws and financial regulations.

Key Responsibilities

• Monitor daily cash and bank positions and forecast short-term and long-term cash requirements.
• Administering of Imprest Account, disburses and analyses the account
• Ensure sufficient liquidity to meet operational needs and financial obligations.
• Maintain a simplified cash flow forecasting model to support business decisions
• Manage banking transactions, including deposits, withdrawals, and fund transfers.
• Establish and maintain relationships with banks and financial institutions.
• Ensure timely reconciliation of bank statements with company accounts.
• Process vendor payments, payroll disbursements, and statutory remittances.
• Oversee accounts receivable collections and follow up on overdue payments.
• Implement effective payment schedules
• Raising of cheques and payment voucher
• Ensure compliance with internal controls to prevent fraud and unauthorized transactions.
• Monitor loan repayments and interest costs to optimize financial expenses.
• Ensure compliance with FRC, FIRS, and other financial regulations.
• Handle statutory financial obligations like VAT, PAYE, WHT, and CIT remittances.
• Prepare treasury reports for management and external auditors
• Maintain and improve treasury management systems and reporting tools.
• Recommend and implement process improvements to enhance efficiency.

Qualifications, Skills and Experience

• Bachelor's Degree / HND in Accounting, Finance, or a related field.
• Progress in Professional certification (e.g., ICAN/ ACCA) is an advantage
• 2+ years of experience in treasury, banking, or financial management.
• Prior experience in a manufacturing or agricultural company is an added advantage.
• Must have excellent communication skills.
• Strong liquidity management and cash flow skills.
• Knowledge of banking operations and financial instruments.
• Understanding of Nigerian tax laws and financial regulations.
• Proficiency in financial software (e.g., SAP, QuickBooks, Tally, or ERP systems).