Treasury Officer at Nestle Foods

Position Summary

• Nestlé Nigeria is currently looking to fill the role of Treasury Officer, who will be responsible for supporting the Treasury department in ensuring that banking operations & reports relating to the trade, staff, NBS & Nestle Treasury Centre are promptly and effectively achieved within agreed timelines and in compliance with local financial regulations and standards.

Responsibilities
Bank Charges and NFC:

• Perform daily check on bank charges and net finance cost, create visibility on evolution, identify opportunities for optimization and take necessary actions.
• Track the lifecycle of all Letters of credit, identify opportunities for financing cost optimization and control.
• Prepare the Import Finance Facility Report to give visibility on trade loan exposure and limit by bank.

Banking Relationship with Respect to Facility:

• Manage bank facilities in line with business needs and at the least cost possible.
• Benchmark the total business of Nestlé Nigeria across the banks and trigger constructive engagement to reduce cost
• Supervise all kinds of bank guarantees

Balance Sheet - Integrity:

• Enhance Balance Sheet integrity by ensuring no aged items in Bank Reconciliation
• Perform reconciliation of forward contracts with GL, and trigger relevant actions

Cash Management:

• Support cash management by maintaining accurate and timely Daily Cash Forecast to meet business needs
• Provide 3 months rolling cash forecast for working capital management.
• Manage petty cash replenishment, disbursement, reconciliation and report.

PEC for Treasury and Reporting:

• Review Treasury Report to ensure alignment with banks' report and SAP
• Maintain an activity calendar for Period End Closing and lead the process
• Prepare material allocation for exchange difference arising from FX purchase

Requirements
Educational Qualifications:

• Candidates should possess a B.Sc. / HND in Accounting or Banking and Finance.
• Professional Certification i.e. ACA, ACCA or CIMA is mandatory.

Behavioural Competencies:

• Assertiveness in communication: Ability to articulate the value added by finance and their specific role within the organization
• Interpersonal relationship skills: Proven ability to build strong relationships across different teams and departments

Professional Experience:

• Minimum 5 years’ post NYSC experience in Treasury Operations.
• Preferred banking experience: Sales of treasury products such as fixed deposits, bonds, foreign exchange, and trade operations
• Treasury accounting: Proficiency in preparing cash flow statements, liquidity management, and managing facility agreements with banks
• Experience in other roles within or outside the finance function, such as supply chain management (SCM) or sales, would be advantageous
• Previous achievement: Demonstrated track record of successful projects and proactive identification of opportunities