NES Global Talent specialises in recruiting technical and engineering experts for the oil and gas, power, infrastructure, chemical, life sciences and rail sectors worldwide. With more than 40 offices in 26 countries, we work with many of the world's largest companies and provide a wide range of global job opportunities, giving you the chance to take the next step in your career. Offering far more than a traditional recruitment service, our comprehensive set of guaranteed staffing solutions ranges from payroll administration, taxation and compliance through to emergency response services.
NES Global Talent is recruiting to fill the position of:
Job Title: Treasury Manager
Job Ref: 34284
Location: Nigeria
Job Description
- The Treasury Manager, is responsible for provision of necessary professional support to the CFO in the area of Corporate Funds management for two companies within the Group.
- The job holder will coordinate the treasury staff for productivity optimisation towards achieving the organisational goals and objectives.
- He will develop a healthy relationship with bankers, insurance companies and regulatory authorities while serving as liaison officer between them and the companies.
Responsibilities
Corporate Funds Management:
- Sourcing for funds for the organisations' working capital at cheapest price possible.
- Effective management of the companies' cash flow to balance dry working capital situation with holding of idle funds.
- Management of the company's payment system and policies with the utmost aim of optimising utilisation of available funds.
- Monitoring of vendors' data master file.
- Coordinating the companies' borrowing activities with the banks and other financial institutions.
- Providing professional advice as regards management of excess cash and cash flow forecasts.
Financial Institutions Relationship Management:
- Coordinating the companies' general banking relationships and alliance for efficient banking services delivery.
- Creating and maintaining correspondences with banks and Insurance companies.
- Maintenance of the companies' insurance portfolio and coordinating both the Insurance renewal and Insurance claim processes.
- Preparation of the annual Banking Resolution for review of the CFO and subsequent submission to board for approval.
Coordination of Trade Finance funding:
- Coordinating the process of Establishment of Letter of Credit to finance importation of products.
- Monitoring of Letter of Credit life span to ensure funds are made available for its liquidation as at when due.
- Evaluation of various re financing options for overdue Letters of Credit.
- Coordination all foreign direct remittance for offshore services, training and purchases
Preparation and Rendition of Management:
- Reports Rendition of daily Assets and liabilities position for MRS group account preparation.
- Coordination of the preparation and rendition of daily Income and Expenditure reports for the Executive management review.
- Daily review of banks' balances and position for management daily decision making.
- Preparation and presentation of other management accounts for management decision making.
Filing for SDN Claim and Monitoring of PPPRA Receivables:
- Submission of required documents to the DPR and PPPRA on all established Letters of Credit for PMS importation.
- Processing of PPPRA advice for payments of PPPRA Administrative and PEF charges in anticipation of receipt of SDN.
- Coordination of SDN redemption from Central Bank Of Nigeria and DMO through our bankers.
- Management of correspondence on PPPRA receivables with the DPR, DMO, PPPRA and CBN Ensuring that PPPRA receivables are accurately represented in our books 20
Key Performance Indicators
- Financials Effective Management of interest expenses incurred on Import finance facilities from our banks and other short term funds while optimising the interest income receivable from short term deposit.
- Internal ProcessHave an effective interpersonal relationship with the banks to ensure adequate information is obtained in order to price our facilities better.
- CustomerDeveloping a productive relationship with the bankers and insurance officials for prompt handling of issues. Resolute in best services deliverables to our vendors.
- Learning & GrowthFrequent update of knowledge about the economy and the industry for effective guidance and serving as reference point for subordinates.
Qualifications
- B.Sc in Accounting or any other relevant social science subject.
- Professional Qualification in Accounting e.g ICAN, ACA etcMBA will be an added advantage
Knowledge, skills and competencies:
- Good analytical mind and advance mathematical skills
- Must be a proven team leader
- Goal oriented and targeted riven
- Great interpersonal skill
- Communication skills
- Proficiency in the use of Microsoft Word and Excel
Experience:
- At least 5 years experience in a related position or banking environment
- Experience in investment banking and treasury operations International trade finance
- Personal Attributes Honest and dedicatedpaying attention to details
- Ability to work without supervisionImpeachable Integrity
Physical & Other Requirements:
- Ability to work for longer hours outside the usual working hours
Application Closing Date
Not Stated.
How to Apply
Interested and qualified candidates should:
Click here to apply online