Treasury Manager at Forty83 Consulting

Forty83 Consulting is a forward-thinking human capital and business support firm dedicated to helping organizations build high-performing teams. We specialize in recruitment, talent placement, and strategic workforce solutions designed to meet the evolving needs of modern businesses.

At Forty83 Consulting, we understand that the right people drive growth. Our approach combines deep market insight, industry expertise, and a commitment to excellence to connect companies with top-tier talent across various roles and sectors. Whether supporting startups, SMEs, or established enterprises, we deliver tailored recruitment strategies that align with each client’s unique goals, culture, and long-term vision. Beyond recruitment, we serve as trusted advisors offering guidance on talent acquisition, organizational structure, and workforce planning. Our mission is simple: to empower businesses with the people and support they need to succeed.

We are recruiting to fill the position below:

Job Title: Treasury Manager

Location: Ikeja, Lagos
Employment Type: Contract

Job Description Summary

• Responsible for all aspects of relationship management with banks and financial institutions -Both for Facilities and Investment.
• Accountable for maintaining proper records of bank position and movement of funds for the Group.
• Ensures policies and procedures meet the organizations needs and objectives and regulatory bodies requirements
• Timely generation of treasury reports and treasury informations
• To maintain up to date treasury database and banking records
• Timely renewal of facilities and negotiation of best rates with the bank

Operation:

• Day to day supervision of treasury activities including centralized cash and debt facilities management. Daily cash management
• Manage the cash reporting processes and the design / implementation of intercompany funding/Loan strategies
• Manage balance sheet and day-to-day liquidity to support the business needs, daily cash management and report across the BU's.
• Develop and ensure proper working capital utilization & support operational trade finances e.g. negotiation, opening and retirement of LC's
• Drive treasury operations policies, controls, and procedures in compliance with international best practices
• Provide technical and other support for mergers and acquisitions and other projects as the need arises.
• Ensure proper documentation of banking facilities accross BU's.
• Ensure convenants and securities with the banks are properly documented and approved

Investment Management:

• Develop and implement recommendations in cash investment strategies and policies, including monitoring compliance
• Allocation of cash balances, maintains investment records and prepares interest expense and earnings forecasts.
• Review and recommend changes to the investment policies based on the prevailing market conditions.
• Manage investment and debt of the groups fund – short, medium- and long-term financing.

Fund Management:

• Timely review of funding needs, monthly reporting of all treasury activities to senior management.
• Ensure the availability of funds at a minimal cost, manage the liquidity position of the group.
• Evaluate alternative long-term borrowing strategies and make recommendations in accordance with the capital structure guidelines
• Monitor Surplus fund and obtain best rate for fixed deposit.

Management of Company's Credit Facilities with banks:

• Maintain strategic relationships with the banks, credit rating agencies and other relevant financial institutions.

Remittance of other foreign currencies denominated payments:

• Liaise with banks to optimize the opportunities for sourcing forex from the FX windows for settling maturing obligations.

Purchase of Fx:

• Ensure timely purchase of Fx at the most economical rate

Cashflow Management:

• Prepapre and collate weeekly and monthly cash flow forecast for all the BU's

Risk Management:

• Ensurethe adequacy of insurance coverage for company's assets including group life assurance scheme

Relationship Management & External Relations:

• Preparation of weekly/monthly treasury reports in line with IFRS for new or evolving standards.
• Ensure policies and procedures meet the organizations needs and objectives and regulatory bodies requirements.

Key Performance Indicators
Finance:

• Availability of FX for foreign transactions.
• Delivery of cash flow budget.
• Percentage error rate in raising cheques.
• Percentage rate in daily postings to ERP.
• Percentage error rate in backup documents referencing.
• Improvement of the liquidity position of the company
• Daily cash position reporting across the BUs

Operations:

• Review of standard reporting template to capture loan and forex reports.
• Development of appropriate and well-structured risk management framework.
• Timely settlement of intercompany differences (borrowings & loans)
• Ensure forex sourcing and allocations from CBN to liquidate IFF obligations.
• Reduction in volatility of foreign exchange and interest rate.
• Establishment of appropriate financial planning to meet project timeline and funds disbursement.
• Development of a centralized treasury function. • Increase in global sourcing strategies

Employee Performance:

• Increase efficiency in employee performance.
• Utilization of treasury standards and procedures.
• Adherence and compliance to deadlines.
• Training and assessment pass rates.
• Increase in rate of employee satisfaction within department.
• Quarterly performance review of staff within department.

Salary
N800,000 - N100,000 / month.

Application Closing Date
30th December, 2025.

How to Apply
Interested and qualified candidates should send their Resume / CV to: strategicrecruitment9@gmail.com using the Job Title as the subject of the email.

Note: If you have the below experience kindly send your updated Resume / CV to:

• Treasury Management Experience
• Credit Appraisal Experience
• Strong Relationship Management skills
• Strong Communication skills
• Strong data management capabilities
• Excellent reporting and analytical skills
• Proficiency in Microsoft Excel and data analytics tools
• Ex-Bankers with Relationship and Treasury Management experience are desired.