Treasury Associate

• Establish and monitor all bank accounts as per the needs of the business and comply with the formalities required.

• Review and maintain cash floats at various working locations.

• Maintain a schedule of lease payments of assets leased and make the funds available for the same on due dates.

• Effect various payments to various parties, including indigenous and foreign suppliers on timely basis.

• Ensuring that the payments are made after due verification that they have been authorized by appropriate authority levels as per the company policies.

• Develop a system of confirmation of receipts by beneficiaries.

• Prepare monthly cash forecast and submit for review to Treasurer.

• Monitor bank charges and offer advice on various services offered by the bank, including remittance charges, interest on working capital, drafts etc.

• Ensure daily reconciliation of all bank accounts and clearing of all reconciling items within a reasonable time.

• Develop investment models for the available funds in various currencies and advise on the investment portfolio as per the company policy and Treasurer’s guidance.

• Develop reporting mechanism by which measurement can be done for effective utilization of funds and foreign exchange transactions.

• Monitor the working capital needs of the organization and liaise with the financial institutions.

• Maintain proper record and control over various financial instruments belonging to the company like bank guarantees, call deposit receipts etc.

• Manage the Group’s foreign exchange exposures with the guidance of the Treasury.

• Review and ensure that all bank reconciliations are accurate.

• Develop and maintain relationships in institutional unions, bankers and other finance companies.

• Ensure the sources and uses of funds across the organization are adequately matched.

• Diligently manage monetary risks such as interest rates, foreign exchange risks, liquidity risks, using hedging products where appropriate

• Other assignments as delegated by the Treasurer

• Professional membership of The Institute of Chartered Accountants of Nigeria or The Institute of Bankers of Nigeria or any equivalent professional qualification.

• Bachelor’s Degree (Hons) in accounting or a related course.

• Minimum of 4 years working experience

• Experience in banking is an added advantage.

• Exposure to foreign exchange management.

• Familiarity with international and local financial reporting standards

• Excellent analytical and numerical ability

• Good interpersonal relations

• Masters/relevant professional qualification is an added advantage

RS Hunter