Treasury Officer at Plan International

Plan International is an independent development and humanitarian non-profit organisation that advances children’s rights and equality for girls. We support children’s rights from birth until they reach adulthood, and enable children to prepare for - and respond to - crises and adversity. We believe in the power and potential of every child, but know this is often suppressed by poverty, violence, exclusion and discrimination.

We are recruiting suitable canddiates to fill the position below:

Job Title: Treasury Officer

Location: Nigeria
Employment Type: 6 Month Fixed Term Contract
Reports to: Interim Head of Treasury
Grade 3

The Opportunity 

• The Treasury Department is a small specialist team that utilises technology to leverage its services to more than 50 country offices, 19 National Organisations and 3 Field Country National Organisations.
• The department transacts approx. 900 foreign exchange transactions a year amounting to in the region of €400,000,000 per annum and manages a deposit book daily of approx. €100,000,000 per day.
• The Treasury Department utilizes a Salmon treasury management system and SAP general ledger.
• The post falls within Plan Treasury Services and within Central Finance, which sits in Global Finance.
• Reporting to the Director of Plan Treasury Services, this role will be responsible for international payments, manages receipts of funds from the member organisations, and the preparation of field Treasury Reporting.
• Within this role, it is likely that you will interact daily with National Organisation Finance Directors, Country Finance Managers, Regional Finance Managers, as well as the Relationship Directors and the dealers of Plan’s global banks.
• The ensures that the 50+ countries have adequate cash funding daily whilst monitoring budgets.
• The post supports the financial transactions of Treasury and maintains the treasury reporting.
• The post holder must have an excellent working knowledge of bank payments systems and international payment protocols and Excel. 

Dimensions of the Role

• Supports the management of Plan Treasury services cash balances (€100m approx.), its liquidity requirements, payments, and foreign exchange  Executes the payments on behalf of and to field country offices (approx. 100 a month), staff (approx. 120 a month) and suppliers (approx. 40 a month) and international payroll.
• Processes treasury general ledger entries, reconciles ERP to salmon and follows up on variances.
• Investigate and solve payment and banking queries as they arise.
• Manage the process for reviewing field country bank balances, bank reconciliations and grant bank balances.
• Prepare treasury reports as necessary including cashflow forecasts and currency exposure management tools.
• Prepares journals and bank reconciliations on a routine basis.
• Executes automated daily reconciliations in the TMS (Salmon) and the ERP (SAP)
• FX Trade and Investment support
• Systems and processes
• The role utilizes BPC, SAP, SAP BI, Salmon TMS, Excel, Finastra.

Accountabilities
Treasury has up to date live reporting system:

Maintain treasury reports in Salmon in order:

• To be able to identify treasury transactions, project future cash movements, trigger dealing actions on any day, monitor counterparty exposure, monitor, and ensure compliance with board policies.
• To provide ancillary information for internal reporting and monitoring
• To record all treasury transactions ensuring that the treasury management system and general ledger reflect funds transmissions, payments, and receipts accurately.

Efficient and cost-effective banking services are readily available to Plan throughout the 56 programme countries and GH:

• Maintain good dealing relations with the bank counterparties in order that Plan is known as a ‘Customer of Choice’.

Plan programme countries bank accounts hold sufficient funds for two weeks operation:

• Supports the purchase of local currency in the spot market at competitive prices for delivery to the field countries in accordance with policy and approvals so as Treasury provides an efficient and cost-effective currency service to Plan.
• Delivers cash (USD, EUR, and GBP) to field countries.

The full functions of the treasury department are available to Plan International Inc and NOs during UK working hours:

• An efficient and competent Central Treasury is in place to support Plan International Inc and NO
  • To identify gaps and develop refinements to treasury procedures so as they are up to date and reflect ‘best practice’ and rewrite processes as necessary.
  • To monitor field bank balances to ensure optimal funds are held centrally
  • To monitor field bank reconciliation reviews and issue guidance on issues
• Ensures that Plan International’s global policies for Safeguarding Children and Young People and Gender Equality and Inclusion are fully embedded in accordance with the principles and requirements of the policy including relevant Implementation Standards and Guidelines as applicable to their area of responsibility. This includes, but is not limited to, ensuring staff and associates are aware of and understand their responsibilities under these policies and Plan International’s Code of Conduct (CoC), their relevance to their area of work, and that concerns are reported and managed in accordance with the appropriate procedures
• Strategic planning is important, around the impact of:
  • Exchange rate movements on counterparty exposures
  • Inward flows of NO funds on Treasury bank counterparty exposures and identify alternative counterparty locations to relocate funds thereby ensuring board policies are adhered to.
  • Changes in financial risk markers to the counterparty limits to minimise risk of loss of capital and income and reputational risk.

Key Relationships:
External:

• This position represents Plan in relations with the bank dealing and payment staff at the relationship banks.
• Resolve payment or dealing problems as necessary (high)
• This position liaises with Salmon the treasury management system suppliers.
• Implement new functionality.
• Resolve issues as they arise.

Internal:

• Work with Plan finance (from Program Countries, National organisations, and international headquarters) to
• Deliver appropriate currency in a timely manner (high)
• Manage liquidity to ensure funds are available in the right currency at the right time and in the right place (high)
• Provide banking support to National Organisations, Programme Countries, and IH Finance
• IT on the connectivity of the treasury management system and online banking
• Finance on reporting and general ledger, and payment releasing.

Technical Expertise, Skills and Knowledge
Knowledge:

• Demonstrable knowledge of international banking.
• In depth knowledge of foreign exchange trades and investment banking

Skills:

• Strong analytical skills and ability to identify and resolve issues and risks
• Advanced Excel skills
• Good English written and oral communication skills
• Good organisational skills and the ability to manage multiple tasks and meet tight deadlines
• Strong ability to prioritise workload
• Able to make judgments and execute work autonomously.
• Accounting knowledge - qualification is a plus.

Behaviours:

• Ability to collaborate with others to refine and streamline systems and processes for effectiveness and efficiency
• Willingness to attend bank meetings and seminars
• Team player
• Consistent and effective decision maker
• Able to prioritise work effectively
• Integrity
• Excellent negotiation, communication and interpersonal skills
• Strong reasoning and analytical skills.

Application Closing Date
25th June, 2023.

Method of Application
Interested and qualified candidates should:
Click here to apply online