Head of Treasury at WTS Energy

WTS Energy provides recruitment and manpower services for the global oil and gas and energy industries. We supply engineers and consultants to our clients' projects and operations, and perform employment outsourcing services such as workforce management in oil and gas regions around the world. WTS Energy operates globally with offices in 14 countries and is operational in over 50 countries.

We are recruiting to fill the position below:

Job Title: Head of Treasury

Location: Lagos
Job type: Full-time

Role

• Reporting to the Chief Executive Officer (CEO), Chief Operations Officer (COO) and other senior Executives, the Head of Treasury/Finance is a part of the Executive Leadership Team (ELT) and is responsible for the financial management of the organization.

Typical Job Duties and Responsibilities
As Head of Treasury, the candidate performs a wide range of responsibilities. These may include, but are not limited to:

• Providing sound financial support and insights to enable the ELT to make critical business decisions
• Presentation of financial results and insights to the Board
• Play a key role in the formulation of the business’s strategy
• Managing and overseeing the taxation affairs of the organization and liaising with the external tax firm for specialist advice
• Managing and overseeing the cash flow of the company and ensuring it has the appropriate treasury controls
• Analyzes, interprets and records all financial data from the sale of instant lottery tickets; analyzes and interprets the financial file interface for the online gaming system and adjusts data to the General Ledger.
• Summarizes and enters weekly totals for online games electronic funds transfers (EFT’s) adjustments, lottery sales and payouts into the accounting system and reconciles online games accounts receivables.
• Balances weekly instant and online games EFT files for distribution to appropriate accounts; controls the revenue stream from retailers’ to Lottery accounts.
• Prepares accounts receivables and weekly accounting records.
• Ensures that lottery revenue and related taxes are properly reported and remitted; verifies accuracy of the Games Report on a daily basis.
• Ensures compliance with the gaming facility’s internal control system and the Minimum Internal Control Standards adopted by the industry.
• Ensures the integrity of table games played at the gaming facilities.
• Analyzes video lottery central computer data in order to make daily adjustments to ensure the accuracy of revenue reporting.
• Perform forensic auditing of machine irregularities and conducts routine audits with the assistance of field auditors. Creates reports of audit findings to senior management and maintain knowledge of current trends and developments in the field.
• Performs routine field audits and forensic auditing of machine irregularities.
• Managing and overseeing the company’s banking and borrowing arrangements
• Managing relationships with Investors (where applicable)
• Managing and overseeing the company’s financial systems
• Investment appraisal and analysis
• Presenting results to non-finance people to understand
• Recruitment, training, mentoring and development of staff
• Overseeing Accounts Payable, Accounts Receivable, Tax, Treasury, Payroll, Financial and Management Accounting functions.
• Risk Management to ensure the business has a solid risk framework in place
• Overseeing commercial decision making from tender analysis, margin analysis, pricing analysis etc
• Advising and implementing best practice methods to increase revenue and reduce costs
• Advising on market changes and providing strategic financial recommendations to the ELT
• Managing and tracking budget and accounting information including billing, collections, and tax information
• Reviewing all formal finance policies and procedures
• Develop cash targets to support efficient liquidity management
• Manage excess operating cash to obtain optimum interest revenue
• Develop and enforce strong internal controls and financial management policies
• Develop treasury reporting dashboards appropriate for various stakeholders and track KPI
• Oversee electronic cash receipt and cash disbursement processing and accounting
• Oversee daily cash positioning activities including managing daily liquidity, cash position reconciliation and bank reporting
• Serve as the primary contact with commercial banks in cash management services, trust, custody and with business managers regarding day-to-day treasury needs.

Skills and Attributes

• Bachelor's Degree in Accounting, Finance, or related field (MBA preferred)
• Professional accounting qualification
• The more common skills and attributes that are most needed for this role may include:
• 10+ years’ experience in a senior financial managerial position with a proven record of success
• Sound decision-making skills based on accurate and timely analyses
• Results-oriented and metrics-driven
• Exceptional time management and able to solve problems
• Exceptional interpersonal communication and leadership skills, with the ability to communicate and manage staff at all levels
• Ability to lead by example and demonstrate a strong sense of integrity, ethics and dependability
• Professional written and oral communication skills
• Confident to present results to an audience
• Strategic thinking, planning and creative problem-solving skills
• Ability to work under pressure
• Ability to collaborate with upper management to organize, plan and achieve company financial goals
• Advanced computer software skills, including Excel and financial reporting software.

Application Closing Date
Not Specified.