Treasury Officer

Responsibilities:

Payment Processing & Verification (35%):

• Process all approved payments — supplier invoices, vendor advances, staff reimbursements, and statutory remittances — through the Procure-to-Pay (P2P) workflow in Odoo ERP.
• Verify every payment against the approved terms, PO value, cumulative advances, and IC&A sign-off before processing. No payment is released without completed supporting documentation.
• Confirm beneficiary details, amounts, and payment references before executing bank transfers.
• Prepare payment schedules for salaries, vendors, statutory obligations, and other approved commitments as assigned by the Treasury Accountant.
• Follow up on pending, failed, reversed, or rejected payments and ensure timely resolution.
• Maintain a complete audit trail for all treasury transactions — every payment must be traceable from approval to execution.
• Post the day's planned payments on the Treasury Teams group chat for review and approval before execution.

Cash Monitoring & Reporting (25%)

• Monitor daily cash balances across all company bank accounts. Post current balances on the Treasury Teams group chat every morning by 9:00 AM.
• Prepare daily cash position reports and weekly cash summaries for the Treasury Accountant.
• Track inflows and outflows and flag potential cash shortfalls to the Treasury Accountant promptly.
• Provide data inputs for weekly and monthly cash flow forecasts prepared by the Treasury Accountant.
• Track actual cash movements against projected cash flows and highlight significant variances.
• Monitor intercompany fund transfers across group entities and ensure proper documentation and approvals.

Bank Reconciliation & Record Keeping (25%):

• Perform daily bank reconciliations across all company bank accounts — match transactions line by line, investigate discrepancies, and resolve timing differences.
• Post all treasury-related transactions in Odoo ERP accurately and on the day of occurrence — no retrospective posting without Treasury Accountant approval.
• Identify and escalate unidentified receipts, payments, bank errors, and discrepancies to the Treasury Accountant.
• Monitor bank charges and investigate unusual or unexplained charges.
• Maintain organised physical and digital filing of all payment vouchers, bank statements, receipts, and supporting documentation for audit readiness.
• Support month-end and year-end treasury close activities — provide reconciliation summaries, bank balance confirmations, and outstanding items lists.

Banking Operations & FX Support (15%):

• Liaise with banks on operational matters — transaction confirmations, payment queries, statement requests, and account documentation.
• Maintain up-to-date records of all company bank accounts, mandates, and authorised signatory details.
• Support the Treasury Accountant with bank account openings, modifications, and closures when required.
• Monitor foreign currency balances and transactions where applicable.
• Support the processing and documentation of foreign currency payments as directed by the Treasury Accountant.
• Track exchange rates and maintain proper records of foreign currency transactions and related bank documentation.

Requirements:

• OND in Accounting, Finance, Banking & Finance, Economics, or a related discipline.
• 2–4 years of relevant experience in treasury operations, banking, cash management, or accounting.
• Experience in payment processing, bank reconciliation, and cash position reporting.
• Good understanding of banking operations and financial controls.
• Experience with accounting ERP systems Odoo preferred; Sage, QuickBooks, or similar accepted.
• Proficient in Microsoft Excel bank reconciliation templates, pivot tables, and basic financial analysis.

Preferred Qualifications:

• Professional accounting qualification in progress (ICAN, ACCA, or equivalent).
• Experience working in a multi-entity or group finance structure.
• Experience in a manufacturing, trading, or commodities environment.
• Familiarity with foreign currency transactions and trade finance documentation.

Key Competencies:

• Accuracy and attention to detail every naira matters; every document must be complete.
• Process discipline follows the approved payment workflow every time; does not take shortcuts on verification.
• Integrity handles company funds daily; trustworthiness is non-negotiable.
• Time management bank cut-off times, payment deadlines, and the 9:00 AM balance posting are fixed. This role runs on deadlines.
• Proactive communication flags issues before they become problems. Posts updates on the Treasury Teams chat without being prompted.