PricewaterhouseCooper (PwC) – Our client, an indigenous business conglomerate comprising three major companies. Her business offerings include; Real estate; Car sales, Servicing and leasing; Household and Industrial Air conditioner (sales and maintainers).
We are recruiting to fill the position below:
Job Title: Head of Treasury
Reference Number: 130-PEO00992
Location: Lagos
Department: People & Change Nigeria
Job type: Permanent
Roles & Responsibilities
Cash and Liquidity Management:
- Analyse funding needs to ensure that adequate funds are available to meet daily operational expenses and emergencies.
- Manage liquidity and ensure that yields on financial assets are maximized.
- Facilitate and maintain relevant relationships with financial service providers such as banks, payment service providers, lenders and investors.
- Forecast cash payments and withdrawals and anticipate challenges arising from cash concentration or limited cash flow.
- Review bank statements daily to ascertain correctness of charges, commissions and posted transactions.
- Oversee the management and coordination of all fiscal reporting activities.
- Follow up with banks to resolve any issues experienced in accessing banking facilities or executing banking transactions.
- Oversee the preparation of regular cash flow forecasts while managing the revolving credit facilities.
- Ensure all debt & covenant reporting requirements are met and manage all documentation required to refinance the various elements of the debt structure.
- Monitor and report on cash surpluses and deficits and engage executive management for effective decision making
- Manage and maintain proper controls over treasury account, bank accounts, banking processes and other treasury systems to allow easy disbursement, reconciliation and replenishment.
Investment:
- Drive the proactive tracking of portfolio returns and recommend optimal investment policies that capture the best interest rates while managing risk.
- Advise Executive Management on investment strategies that will ensure high returns on investment and optimal liquidity for operations.
- Provide inputs into defining the business’ investment risk appetite
- Review the status of all foreign exchange deals and Investment Funds.
- Coordinate the review, analysis and reporting of the institution’s investment portfolio, yield and instruments
Risk and Control:
- Advises Top management on risk related issues that can impact the strategic direction of the business.
- Use hedging to mitigate financial risks related to the interest rates on the company’s borrowings, as well as on its foreign exchange positions.
- Oversee bank account management and payments transactions to ensure compliance with the appropriate procedures and approval authority.
Stakeholder Engagement:
- Provide the Group CFO with an operating budget.
- Work with management to ensure success through cost analysis support and compliance with all requirements
- Work with the Group CFO to develop and document the appropriate investment policies, objectives, asset allocation guidelines and appropriate investment strategies.
- Review all investment proposals with the Group CEO
- Advise management and provides input on the funding, debt and cash-flow implications of the corporate strategy, goals, plans and projects
- Assisting in the development and negotiation of contracts
People Management:
- Provide strong leadership and ensure clear strategic objectives are in place.
- Manage the day to day performance, learning and development of the team, including one – on – one feedback sessions and conducting performance appraisals
- Support the implementation and facilitation of relevant workshops and training courses
- Promote a strong team culture
Requirements
- A first degree in Accounting, Finance, Economics or any related discipline from a reputable institution
- Relevant professional certifications e.g. Chartered Financial Analyst (CFA), Institute of Chartered Accountants of Nigeria (ICAN), Association of Certified and Chartered Accountants (ACCA) or its equivalent is required.
- MBA or a Masters’ in related discipline is an added advantage.
Experience:
- Minimum of 10 years cognate work experience; three (3) of which must have been in a Management position of a large corporation interfacing with the senior management team and Financial partners.
- Good knowledge of the Financial Services Industry
- Three (3) years work experience in a similar role or in the Treasury department of a Financial Institution
- Sound knowledge of GAAP (generally accepted accounting principles), IFRS and financial analysis.
Deadline: 28th May, 2019.
Method of Application
Interested and qualified candidates should:
Click here to apply online
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