Treasury Accountant

Responsibilities:

Cash & Working Capital Management:

• Responsible for the assessment, monitoring, planning, cash, and financial services optimisation.
• Forecast daily cash requirements and executive daily financing decisions, including raising of funds where needed.
• Reconciliation of all daily cash receipts, daily bank deposits, and daily and petty cash transactions
• Prepare short- and long-term cash flow forecasts, including periodic variance analysis
• Assess investment performance benchmark and recommend changes to investment policies based on market conditions.
• Development and monitoring of treasury operational policies and ensuring compliance with the organisation’s internal controls, policies, and procedures.
• Manage appropriate accounting procedures and processes for finance income, investments and periodic IFRS9 (International Financial Reporting Standards) impairments.

Relationship with all necessary stakeholders:

• He should relate with the CFO in planning and budgeting in areas related to cash flow for the organisational profitability and growth trajectory.
• He should relate with the account and auditing team to identify overdue debts and superintend the policing of such overdue debts to ensure the company’s liquidity.
• As a corollary to the above, he should relate with sales and marketing teams to drive sales and cash for the organisation.
• He should relate with procurement, operations and finance to facilitate a seamless procurement process and prompt settlement of procurement and related costs.
• CO with the CFO to liaise with bank officials on all facilities, renewal, drawdown, paydown, as the case may be, as directed by the CEO.
• He should report to the CFO and perform any other function as directed by the Chairman.

Trade Service/Forex transactions Management:

• Monitor the import documentation process to ensure that target lead times are achieved and ensure duty cheques and other charges are paid promptly to minimise port clearance delays.
• Ensure minimal exposure to fluctuations in forex by type of foreign contracts and financing.
• Responsible for compliance with CBN’s exchange control guideline on documentation of Form A ad A, LC and Bill of Entry and direct remittances
• Monitor export documentation process (pre-shipping and post-shipping documentation, fees payment, etc).
• Maintain close contact with the forex and money markets activities to keep abreast of trends and developments regarding interplay of interest rates, forex rates and purchases and purchases/utilization.
• Oversee and strengthen relationships with all banks and financial institutions, as well as negotiate all bank and service fees.

Treasury Reports:

• Among other things, the following reports are sacrosanct for the treasury accountant.
• Prepare regular reports on cash synopsis, investment, and bank exposure for management.
• Preparation of monthly cash flow forecast and treasury report.
• Prepare weekly liquidity report.
• Preparation of daily liquidity position for the CEO.
• Preparation of working capital report for the organisation and the implications at every point in time.
• Preparation of a synopsis of the net working capital of the company for the consumption of the CEO.

Key Performance Indicators/Key Figures:

• Understand, manage, and supervise all aspects of cash flow and borrowing needs for the organisation.
• Day-to-day management of working capital and FX sourcing for the Nigerian market.
• Working with global supply chain and customer excellence to manage the importation & or exportation of goods and services (letter of credit, bills for collection, containers, etc.
• Working with accounts receivable, sales, and customer excellence team to manage the set-up, overview, and operations of all settlement accounts (both domestic and international
• Prepare weekly liquidity report.
• Prepare monthly cash flow report.
• Provide weekly updates of the company credit lines.

Requirements:

• Not older than 40 years old
• Must be a graduate of Accounting/ Accountancy only (no other related course will be accepted)
• Must have prior hands-on accounting experience/ background from a similar industry, banking or FMCG
• Must have an ACA (Associate of ICAN) qualification
• 4-6 years of experience

Location: Lagos State

Remuneration: NGN  300,000 - 400,000 Monthly