Treasury Manager - WA


Accounting, Auditing & Finance

Unspecified NGN Confidential
2 weeks ago

Job Summary


Job Description/Requirements

Business Context and Main Purpose of Job

Effective Liquidity, foreign exchange and commodity backroom operations management are critical to ensure the safeguard of Unileverâs financial assets.

This role is involved in the Treasury operations for Unilever Nigeria and the role is to oversee the day-to-day Treasury and commodity hedging operations and be the lead for upcoming Treasury projects. The role will also oversee the management of the Pension funds for the Business as well as the insurance activities for the Business and its assets.

The role will also be focusing on managing the Liquidity and Foreign exchange requirements for the business in addition to running the back-office operations in addition to managing and maximizing the Tax liabilities for the Business.

Main Accountabilities

1. Banking

Lead and work with Regional / Global Treasury to ensure adequate facilities are available to meet existing and future business funds requirements.

Co-ordinate documentary credits with the banks

Develop and maintain effective operational network with key Banks/Financial Institutions to ensure smooth operations and harness opportunities.

Responsible to administer role for Bank related systems.

Co-ordinate and ensure documentation in place to transact with Banks (facilities letter, documentation, director's resolution etc)

2. Financial Accounting

Ensure accurate and timely internal reporting for both statutory and internal reporting of the Treasury function. These include:

Managing CapGemini (offshore Accounts team) for Treasury outsourced activities.

Reviewing journals on Interest charges, bank charges, Unilever Finance International (UFI) sweep and fund transactions, Loans, FX differences arising out of settled FX contracts, settlement of payments and collections, revaluation & mark to market on open FX contracts.

Analysing and ensuring timely completion of Treasury reports (FX exposures, currency trends, Cash Forecast, actual cash flows; hedging requirements and Trade Loan reconciliation).

3. Liquidity Management

Ensure Unileverâs financial assets are safe guarded with proper planning of short-, medium- and long-term cash requirements. This includes funding requirements and maximizing long term returns on excess liquidity.

Forecast day-to-day cash flow positions, related borrowing needs, and available funds for investment.

Identify opportunities for cost savings or increase returns on excess cash.

Reviews companyâs cash forecast and performs an analysis on the projected vs. reported cash holdings.

4. Exposures management

Mitigates financial risks related to the interest rates on the foreign exchange positions.

Propose Forex strategies and exposure limits incorporating market insights on Forex trends into hedging decisions.

Design and implement full end to end (process design, systems, accounting treatments) solutions for back-office operations on new commodities, instruments, and regions.

5. Governance, Compliance & Documentation

Maintains policies and procedures that impose an adequate level of control over treasury operations.

Ensures all transactions are completed in accordance with the Schedule of Authorities and are properly documented.

Responsible for the Treasury Policy compliance and observing Forex limits.

Establish and report treasury KPIs.

6. Investment sub-committee and Pension Trust Fund governance

Deciding on the right funds in which employees can invest in.

Reviewing the fund performance

Organizing pension trust meetings and briefing the trustees on fund performances, employee engagement etc

Relationship management with administrator and custodian

7. Commodity Risk Management

Stabilizing the existing back-office operations and setup new commodities for the back-office operations

Ensure compliance and controls are in placed in the back-office operations.

Key Interfaces


Functional Directors

Finance Business Partners

Financial Control

Customer Development Heads of Units

Regional Treasury and Tax Teams

Supply Chain Management Team



3P Outsourced Service Providers

Key Skills & Relevant Experience

Minimum of 7- 10 yearsâ work experience in Financial Management, Tax Accounting and Treasury Management with at least 2 years spent in leading teams. Strong SAP Knowledge & Excel spreadsheet skills Must be CIMA/ACCA/ICAN certified. Confident communication and stakeholder management skills.

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