Finance Lead - Treasury at Seven Up Bottling Company

Seven-Up Bottling Company Limited is one of the largest manufacturing companies in Nigeria, producing and distributing some of the nation’s most- loved beverages in the country like; Pepsi, 7Up, Mirinda, Teem, Mountain Dew, H2oH!, Lipton Ice Tea and Aquafina premium drinking water. SBC has recently entered into Home & Personal Care category with the 2SURE brand and launched its first product, a Hand & Surface Sanitizer. Seven Up boasts of nine bottling plants with state-of-the-art manufacturing facilities strategically located across various regions in the country.

We are recruiting to fill the position below:

Job Title: Finance Lead - Treasury

Location: Lagos
Employment Type: Full-time

Position Overview

• We are seeking a highly skilled Finance Lead - Treasury to join our dynamic finance team. The successful candidate will play a pivotal role in managing the treasury functions across multiple regions.
• This role requires a strategic thinker with a strong understanding of treasury operations, risk management, and financial analysis within the FMCG sector.

Key Responsibilities

• Execute daily cash management activities, including monitoring cash balances, forecasting cash flow positions, and ensuring adequate liquidity to meet operational needs.
• Coordinate with various departments and subsidiaries to optimize cash utilization and minimize idle cash balances.
• Manage banking relationships, including negotiating banking services, implementing efficient banking structures, and monitoring bank fees and service charges.
• Oversee the administration of bank accounts, including account openings, closings, and signatory updates.
• Execute foreign exchange transactions and hedge currency risks to mitigate exposure.
• Develop and maintain short-term and long-term cash flow forecasts for multiple regions.
• Analyze variances between forecasted and actual cash flows and provide actionable insights to improve forecasting accuracy.
• Prepare regular reports on cash position, liquidity, and treasury performance for senior management and stakeholders.

Qualifications

• Bachelor's Degree in Finance, Accounting, Economics, or a related field.
• Minimum of 5 years of experience in treasury management, preferably in the FMCG industry with exposure to multiple regions.
• Strong knowledge of cash management, liquidity management, foreign exchange, and risk management techniques.
• Proficiency in financial analysis, financial modeling, and treasury systems.
• Excellent communication skills with the ability to interact effectively with internal and external stakeholders.

Application Closing Date
7th March, 2024.