Treasury & Investment Officer at Phillips Outsourcing Limited

Phillips Outsourcing Limited has been in existence for over 16 years. We have a vast experience in the outsourcing business as we currently manage resources for major clients in all sectors of the Nigerian economy. In addition, our prolific manpower cuts across the 36 states in Nigeria. After successfully gaining ground in all the 36 states of the federation, we are gradually spreading our tentacles to other African Nations. We are currently registered to also do business in Ghana. Our framework is developed to fully support the businesses of our clients, ensuring continuous improvement of the outsourced services. This ultimately thrusts our clients to achieve their business objectives.

We are recruiting to fill the position below:

Job Title: Treasury & Investment Officer

Location: Lagos
Employment Type: Full-time
Industry: Insurance

Responsibilities

• Liaise with other financial institutions on behalf of the organization with respect to treasury and investment operations.
• Management of banking relationship with all bankers and ensure the maintenance of updated information on all bank accounts.
• Maintain (Follow-up and update) investment register for short- and long-term investments and attend to all requests promptly.
• Manage and track investment portfolio assets and regularly analyse performance to make recommendations to the Management through the CFO.
• Manage and track all investment portfolio reported balances supporting documents.
• Conduct investment analysis and appraisal of investment portfolio.
• Maximize return on invested funds by identification and management of investment opportunities, maintaining cordial relationships with the investment community, while ensuring regulatory compliance.
• Provide monthly investment performance reports to Executive Management.
• Prepare the Board Investment Report.
• Monitor financial performance by measuring and analysing results; identifying strengths and critical areas, initiating corrective actions; minimizing the impact of variances.
• Preparation of Treasury Daily report i.e. Scheduling of Balances report summary (Operational and Non-Operational).
• Responsible for payment posting, by booking the payment invoice then post the payment between bank and respective ledger account, for the life business.
• Responsible for journal posting, by debiting and crediting respective ledger account.
• Responsible for monitoring and posting of petty cash into the ledger, for the head office and branches.
• Responsible for maintaining a schedule for cash advance and updating same with retirements from staff.
• With the Supervision and Coordination of the HOF.
• Review and track investment portfolio updates and
• Raise the Journals and Post daily the investment accounts changes.
• Posting of investment returns.
• Maintain the fixed assets register and prepare the monthly month-end depreciation journals for posting.
• Maintain prepayments and accruals schedules and prepare the monthly journals for posting.
• Responsible for reconciling all transactions from the Investment placement accounts to the Company’s records monthly.
• Responsible for reviewing bank reconciliation items on Investment placement accounts to ensure that all outstanding transactions (both debits and credits) are correctly posted into the general ledger.
• Responsible for reviewing Investment placement accounts Bank reconciliation report and Bank GL balances to ensure that ALL outstanding items are cleared promptly.
• Validate all Activities during external audit exercise.
• Provide Bank Statements for Investment Banks accounts.
• NAICOM Mid-month Harmonization reports; 14th of every month.

Requirements

• Minimum of a Bachelor’s Degree in Accounting, Finance or a related field.
• Minimum of Three (3) years relevant experience in a similar role preferably in an insurance firm.
• A professional qualification of Institute of Chartered Accountants of Nigeria (ICAN) or the Association of Chartered Certified Accountants (ACCA).
• Strong analytical and problem-solving skills.
• Proficiency in Microsoft EXCEL.

Salary
Negotiable.

Application Closing Date
13th March, 2025.