Jobs

Vacancy For Treasury Manager at Graceco Nigeria Limited, 5th October, 2018


Graceco Nigeria Limited is a food processing and manufacturing company which specializes in consumer goods and the production of input for bakers and the confectionary industry. We are recruiting to fill the position below:     Job Title: Treasury Manager Location: Alagbado, Lagos Report: Director, Finance and Administration Status: Full time Level: Management staff Job Summary

  • Managing the Treasury back office and support operations
  • Coordinate the existing treasury team.
  • Sourcing of funds required for the Company's operations at optimum prices and lowest risk and managing relationships with Financial Institutions
  • Protecting the Company's margins through reduction in Net Financing costs and maximizing income / Earnings on liquid assets
Job Description Sourcing of funds required for the Company's operations:
  • Preparation of Cash Flow Forecasts for weekly and monthly Cash Inflows and Outflows
  • Improving the company's funding profile and capital efficiency and Source Long Term funds for Long Term projects
  • Preparation of Debt analysis and a schedule of all bank overdraft and loan facilities
  • Preparation of a daily summary of the company's Financial position
  • For short-term shortfall in financing, arrange funds using either bank loans, bank overdraft, leases, issuance of Commercial papers, or other Financial instruments
  • Daily follow up to ensure the conversion of all Receivables into Cash
  • Following up with Accounting for invoicing of goods to clients
Managing relationships with Financial Institutions and sourcing of funds at optimum prices and lowest risk:
  • Sourcing of foreign currencies at optimum prices and lowest risk
  • Sourcing of funds at optimum prices and lowest risk
  • Improving the Company's margins through reduction of the Net Financing costs
  • Improving the company's funding profile and capital efficiency
  • Daily, monitor transactions in the company bank accounts and review daily bank statements
  • Monthly, preparation of bank reconciliation for all current and facility accounts
Protecting the Company's margins and assisting management achieve its Earnings objectives:
  • Liaise with Procurement and Logistics and facilitate prompt payment to Suppliers of goods and services
  • Follow up with banks for timely opening and transmission of LCs and Bills for Collection for imports
  • Protecting the company's margins through control and reduction of Finance costs
  • Drive rigorous and disciplined tracking of Cash Flow against targets with closer monitoring of gaps on weekly basis and encouraging faster reaction to promote a culture of disciplined financial management across the organization
  • Computation of Interests due on client's delayed settlement of invoices and loans
  • Checking the accuracy of Interests and other bank charges in bank statement
  • Checking the accuracy of Investment income computed by Financial Institution
Management of investments in liquid assets, stocks and shares in private and public companies:
  • Ensuring prompt investment of surplus funds in available Financial instruments at optimum income and lowest risk
  • Monitor share prices in the market and advise Management / Stock broker on purchases or disposals
  • Follow up with Financial Institutions to ensure prompt receipt of investment income when due
Managing the Treasury back office:
  • Ensure that all funds are appropriately banked
  • Ensure that Customers accounts and the Company's bank accounts are updated daily with Credit Alerts received for bank transfers by Customers
  • Communicate all inflows to Management on daily basis
  • Scheduling and organising prompt payment of Suppliers invoices and providing weekly information on disbursement
  • Ensure control and verification of all Cash transactions and conduct surprise Cash Count in all locations where the company is maintaining Cash Float
Others:
  • Making recommendations to management on observations in the course of review
  • Any other responsibility as may be assigned by the Finance & Control Director
  • Provide leadership for the Treasury team
Requisite Qualifications/Experience
  • B.Sc. (1st or 2nd Class Upper) in Social Sciences or Management
  • Required certification: FCA, CTP
  • Minimum of 7 years’ experience as treasury manager; evidence of career progression needed
Required Skills /Attributes:
  • Good oral and written communication skills
  • Good interpersonal skills, people management and negotiating skills
  • Knowledge of financial management in manufacturing sector
  • Strong sense of professionalism, integrity, and sound judgment and tact
  • High level of sincerity and honesty with pragmatic and proactive approach to business
  • Ability to maintain confidentiality
  • Proficiency in the use of Enterprise wide Accounting Application such as ERPNext, SAGE or SAP, Ms Office packages and Power Point Presentation.
Required knowledge:
  • Pensions Reforms Act 2014
  • Fiscal policy guidelines as rolled out by the Fed. Ministry of Finance from time to time
  • Global best practices in Treasury management.
  • International Financial Reporting Standards (IFRS) as published by IASB
  • Financial Reporting Council of Nigeria Act, 2011
  • CBN monetary guidelines
  • Bankers Tariff
    How To Apply Interested and qualified candidates should forward their Resume to: [email protected]   Application Deadline 25th October, 2018.