Treasury Officer at Ascentech Services Limited

Ascentech Services Limited is a full-fledged Human Resource Solution Provider incorporated in 2013 with its Head Office in Lagos, Nigeria. We are committed to forging long-term partnerships with our clients by creating and delivering robust and flexible services that address the changing needs of their business.

We are recruiting to fill the position below:

Job Title: Treasury Officer

Location: Ikoyi, Lagos
Employment Type: Full-time

Job Summary

• The Treasury Officer will be responsible for managing the company’s cash flow, banking relationships and payments.
• The role ensures liquidity for smooth operations, optimizes working capital, and maintains compliance with financial regulations
• The role will require expertise in financial software, liquidity management and cash flow, banking operations and financial instruments and Nigerian tax laws and financial regulations.

Key Responsibilities

• Monitor daily cash and bank positions and forecast short-term and long-term cash requirements.
• Administering of Imprest Account, disburses and analyses the account
• Ensure sufficient liquidity to meet operational needs and financial obligations.
• Maintain a simplified cash flow forecasting model to support business decisions
• Manage banking transactions, including deposits, withdrawals, and fund transfers.
• Establish and maintain relationships with banks and financial institutions.
• Ensure timely reconciliation of bank statements with company accounts.
• Process vendor payments, payroll disbursements, and statutory remittances.
• Oversee accounts receivable collections and follow up on overdue payments.
• Implement effective payment schedules
• Raising of cheques and payment voucher
• Ensure compliance with internal controls to prevent fraud and unauthorized transactions.
• Monitor loan repayments and interest costs to optimize financial expenses.
• Ensure compliance with FRC, FIRS, and other financial regulations.
• Handle statutory financial obligations like VAT, PAYE, WHT, and CIT remittances.
• Prepare treasury reports for management and external auditors
• Maintain and improve treasury management systems and reporting tools.
• Recommend and implement process improvements to enhance efficiency.

Qualifications, Skills and Experience

• Bachelor's Degree / HND in Accounting, Finance, or a related field.
• Progress in Professional certification (e.g., ICAN/ ACCA) is an advantage
• 2+ years of experience in treasury, banking, or financial management.
• Prior experience in a manufacturing or agricultural company is an added advantage.
• Must have excellent communication skills.
• Strong liquidity management and cash flow skills.
• Knowledge of banking operations and financial instruments.
• Understanding of Nigerian tax laws and financial regulations.
• Proficiency in financial software (e.g., SAP, QuickBooks, Tally, or ERP systems).

Salary
N150,000 per month.

Application Closing Date
14th February, 2025.

Method of Application
Interested and qualified candidates should forward their CVs to: [email protected] using the job title as the subject of the mail.