Treasury Officer at Neveah Limited

Location: Mowe (Lagos–Ibadan Expressway), Ogun

Role Overview

• To manage the company’s cash flow, banking relationships, funding, foreign exchange exposure, and payment obligations in support of efficient recycling operations, raw material procurement, production continuity, and sales revenue optimization.

Key Responsibilities
Cash & Liquidity Management:

• Monitor daily cash positions across all bank accounts and currencies.
• Ensure adequate liquidity for raw material purchases (scrap aluminum, copper, dross), logistics, fuel, and plant operations.
• Prepare daily, weekly, and monthly cash flow forecasts.
• Optimize cash utilization and minimize idle funds.

Banking & Funding Management:

• Manage relationships with commercial banks, microfinance banks, and financial institutions.
• Negotiate banking charges, loan terms, overdrafts, and credit facilities.
• Coordinate short-term working capital financing for high-volume scrap purchases.
• Ensure timely repayment of loans, overdrafts, and interest obligations.

Payments & Collections Oversight:

• Oversee timely processing of supplier payments, especially scrap dealers, transporters, utilities, and contractors.
• Coordinate collections from customers, exporters, and local buyers of aluminum ingots, copper cathodes, and dross by-products.
• Monitor receivables aging and escalate overdue accounts.

Foreign Exchange (FX) & Trade Transactions:

• Manage FX exposure related to importation of equipment, spare parts, consumables, and export sales (where applicable).
• Execute FX purchases and conversions in line with approved policies.
• Support export documentation, repatriation of proceeds, and trade finance instruments (LCs, Form NXP, etc.).
• Monitor FX rates and advise management on timing of conversions.

Treasury Controls & Compliance:

• Ensure compliance with internal treasury policies, approval limits, and segregation of duties.
• Maintain proper documentation for all treasury transactions.
• Support audit processes by providing treasury schedules, bank confirmations, and reconciliations.
• Ensure compliance with CBN, tax, and regulatory requirements.

Reporting & Management Support:

• Prepare treasury reports:
  • Daily cash position
  • Weekly cash forecast
  • Monthly bank reconciliation summaries
  • FX exposure reports
• Provide financial insights to management for procurement, production planning, and capital expenditure decisions.
• Support budgeting and financial planning processes.

Risk Management:

• Identify and mitigate liquidity, FX, interest rate, and counterparty risks.
• Monitor exposure to scrap suppliers and large customers.
• Recommend hedging or risk-mitigation strategies where applicable.

Key Performance Indicators (KPIs)

• Accuracy of cash flow forecasts
• Timeliness of supplier and loan payments
• Reduction in bank charges and FX losses
• Improvement in cash conversion cycle
• Compliance and audit outcomes
• Effective management of working capital.

Qualifications & Experience

• Bachelor’s degree in Accounting, Finance, Economics, or related field
• Professional certification (ICAN, ACCA, CFA – added advantage)
• 5–7 years treasury or finance experience (manufacturing, metals, recycling, or commodity-based industry preferred)
• Strong knowledge of banking operations, FX, and cash management

Skills & Competencies:

• Strong analytical and numerical skills
• Excellent understanding of cash-intensive operations
• High integrity and attention to detail
• Strong negotiation and relationship management skills
• Proficiency in ERP systems and Microsoft Excel
• Ability to work under pressure in a fast-paced plant environment.