Treasury Manager at Duplo

Duplo is a Lagos-based fintech startup that enables businesses in Africa to digitize their receivables and payables, reduce time-to-cash, lower transaction costs, and generate more revenue from their business customers. We want to make B2B payments as simple as P2P payment apps. Most business payments in Africa are made offline….yikes. We are on a mission to transform this. We are backed by top investors including Point Nine, Tribe Capital, Commerce Ventures, Liquid2 Ventures, Basecamp Fund, Soma Capital, YCombinator, Oui Capital, and others.

We are recruiting to fill the position below:

Job Title: Treasury Manager

Location: Lagos
Department: Operations

Description

• We’re hiring a Treasury Manager to join our growing team in managing and optimizing our customers' international financial transactions.
• This individual will be responsible for overseeing the remittance processes, ensuring compliance with international regulations, and implementing efficient treasury management strategies.
• The primary focus will be on facilitating secure and timely international fund transfers while mitigating financial risks.

Responsibilities

• Ensure a healthy cash flow for the company by managing and optimizing cash resources.
• Open and manage accounts, ensuring timely filing of all bank and treasury correspondence.
• Interact with bankers and manage relationships with all our entities.
• Regularly update rates on our Dashboard and oversee rate negotiation with partners and liquidity providers.
• Manage liquidity partners/providers and source for new partners to ensure effective and market-competitive rates for customer transactions.
• Oversee payment structures and processes to avoid overpayments/underpayments.
• Work closely with the finance team to forecast and manage currency exposures
• Manage OTC transactions and fee negotiations with providers.
• Carry out daily, weekly, and monthly reconciliations, including GL journal entries related to payment postings.
• Provide input on weekly, monthly, quarterly, and year-end treasury/cash flow reports.
• Arrange to purchase and sell foreign currency as needed.
• Manage foreign currency exposure and payments, analyzing various scenarios and risks.
• Protect the business against adverse movements in foreign exchange rates

Requirements

• Minimum of 5 years work experience with foreign exchange in a Commercial/Investment Bank or non-bank financial institution (Fintech, or BDC).
• Accounting-related certification is an added advantage.
• Experience using online banking platforms, treasury systems, and accounting systems.
• In-depth knowledge of banking regulations, compliance, and payment systems.
• Strong understanding of treasury finance and accounting principles.
• Excellent knowledge of foreign exchange and risk management.
• Strong client relationship management skills.
• Exceptional analytical/problem-solving skills and attention to detail.
• Experienced with financial control and budgeting.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online