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
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
Managing the Treasury back office and support operations
Coordinate the existing treasury team.
Job Description
Sourcing of funds required for the Company's operations:
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
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
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:
International Financial Reporting Standards (IFRS) as published by IASB
Financial Reporting Council of Nigeria Act, 2011
CBN monetary guidelines
Bankers Tariff
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.
Application Closing Date
25th October, 2018.
Method of Application
Interested and qualified candidates should forward their Resume to: [email protected]