Unilever Nigeria Plc Recruitment for Treasury Manager (Remote)

Unilever Nigeria Plc - Welcome to Unilever, a global multinational and fast-moving consumer goods (FMCG) company with products sold in over 190 countries and more than 2 billion consumers across the world who use our amazing products everyday!

We are recruiting to fill the position below:

Job Title: Treasury Manager

Job Requisition ID: R-50512
Location: Lagos (Remote)
Job Type: Full time

Background & Purpose of the Job

• Effective Liquidity, foreign exchange and commodity backroom operations management are critical to ensure the safeguard of Unilever’s financial assets.
• This role is involved in the Treasury operations for Unilever Nigeria and the role is to oversee the day-to-day Treasury and commodity hedging operations and be the lead for upcoming Treasury projects.
• The role will also oversee the management of the Pension funds for the Business as well as the insurance activities for the Business and its assets.
• The role will also be focusing on managing the Liquidity and Foreign exchange requirements for the business in addition to running the back-office operations in addition to managing and maximizing the Tax liabilities for the Business.

Responsibilities
Banking:

• Lead and work with Regional / Global Treasury to ensure adequate facilities are available to meet existing and future business funds requirements
• Develop and maintain effective operational network with key Banks/Financial Institutions to ensure smooth operations and harness opportunities
• Responsible for administer role for Bank related systems
• Co-ordinate and ensure documentation in place to transact with Banks (facilities letter, documentation, director's resolution etc).

Financial Accounting:

• Ensure accurate and timely internal reporting for both statutory and internal reporting of the Treasury function. These include:
• Managing CapGemini (offshore Accounts team) for Treasury outsourced activities
• Reviewing journals on Interest charges, bank charges, Unilever Finance International (UFI) sweep and fund transactions, Loans, FX differences arising out of settled FX contracts, settlement of payments and collections, revaluation & mark to market on open FX contracts
• Analysing and ensuring timely completion of Treasury reports (FX exposures, currency trends, Cash Forecast, actual cash flows; hedging requirements).

Liquidity Management:

• Ensure Unilever’s financial assets are safe guarded with proper planning of short-, medium- and long-term cash requirements. This includes funding requirements and maximizing long term returns on excess liquidity.
• Forecast day-to-day cash flow positions, related borrowing needs, and available funds for investment.
• Identify opportunities for cost savings or increase returns on excess cash.
• Reviews company’s cash forecast and performs an analysis on the projected vs. reported cash holdings.

Exposures management:

• Mitigates financial risks related to the interest rates on the foreign exchange positions
• Propose Forex strategies and exposure limits incorporating market insights on Forex trends into hedging decisions
• Design and implement full end to end (process design, systems, accounting treatments) solutions for back-office operations on new commodities, instruments and regions.

Governance, Compliance & Documentation:

• Maintains policies and procedures that impose an adequate level of control over treasury operations.
• Ensures all transactions are completed in accordance with the Schedule of Authorities and are properly documented.
• Responsible for the Treasury Policy compliance and observing Forex limits
• Establish and report treasury KPIs   

Investment sub-committee and Pension Trust Fund governance:

• Deciding on the right funds in which employees can invest in.
• Reviewing the fund performance
• Organising pension trust meetings and briefing the trustees on fund performances, employee engagement etc
• Relationship management with administrator and custodian

Commodity Risk Management:

• Stabilising the existing back-office operations and setup new commodities for the back-office operations
• Ensure compliance and controls are in placed in the back-office operations

Requirements

• Graduate calibre candidate who is CIMA/ACCA/ICAN certified

Relevant experience:

• Minimum of 7 years work experience with at least 2 spent as a team lead
• Financial Management
• Tax Accounting
• Treasury Management.

Key Skills:

• Strong SAP Knowledge
• Strong Excel spreadsheet skills
• Confident communication.

Application Closing Date
Not Specified.