Associate Manager, Treasury
About BIC Nigeria
We are Africa’s premier Agribusiness company solving problems in agriculture and ensuring food availability through efficient farming and food production methods, thereby raising agribusiness models.
For over 75 years, BIC has been creating ingeniously simple and joyful products that are a part of every heart and home.
As a member of our team, you’ll be a part of reigniting a beloved brand as we continue to reimagine everyday essentials in new, sustainable and responsible ways.
Our “roll up your sleeves and get the job done” approach to work creates an environment where self-starters, problem solvers and innovative thinkers thrive. BIC team members are empowered to take ownership of their careers and bring their unique perspectives to the table to make a meaningful impact on our mission.
It’s a colorful world – make your mark by joining the BIC team today.
JOB SUMMARY
- This position will assist the Finance Manager, in Nigeria in managing trade services, forex management, import and export documentation and working capital management.
- Responsible for the assessment, monitoring, planning and management of the efficient utilization of cash and financial services in a manner consistent with the objectives of the Company.
Main Responsibilities / Tasks of Associate Manager, Treasury
Cash & Working Capital Management
- Responsible for the assessment, monitoring, planning, cash, and financial services optimization.
- Forecast daily cash requirements and executive daily financing decisions including raising of funds where needed.
- Reconciliation of all daily cash receipts, daily bank deposits, daily and petty cash transactions
- Prepare short- and long-term cash flow forecasts including periodic variance analysis
- Assess investment performance benchmark and recommend changes to investment policies based on market conditions.
- Development and monitoring treasury operational policies and ensure compliance with the organization’s internal controls, policies, and procedures.
- Manage appropriate accounting procedure and processes for finance income, investments and periodic IFRS9 (International Financial Reporting Standards) impairments.
Trade Service/Forex transactions Management
- Monitor import documentation process to ensure that target lead times are achieved and ensures duty cheques and other charges are paid promptly to minimize port clearance delays.
- Ensure minimal exposure to fluctuations in forex by type of foreign contracts and financing.
- Responsible for compliance with CBN’s exchange control guidelines on documentation of form A ad A, LC and Bill of Entry and direct remittances
- Monitor export documentation process (pre-shipping and post-shipping documentation, fees payment etc).
- Maintain close contact with the forex and money markets activities to keep abreast of trends and developments regarding the interplay of interest rates, forex rates and purchases and purchases/utilization.
- Oversee and strengthen relationships with all banks and financial institutions as well as negotiate all bank and service fees.
Treasury Reports:
- Prepare regular reports on cash synopsis, investment, and bank exposure for Board meetings.
- Preparation of monthly cash flow forecast and treasury report.
- Prepare weekly liquidity report.
Key Performance Indicators / Key Figures
- Understand, manage, and supervise all aspects of cash flow and borrowing needs for the organization.
- Day-to-day management of working capital and FX sourcing for the Nigerian market.
- Working with global supply chain and customer excellence to manage the importation & exportation of goods and services (letter of credit, bills for collection, etc
- Working with account receivable, sales, and customer excellence team to manage the set-up, overview, and operations of all settlement accounts (both domestic and international
- Prepare weekly liquidity report.
- Prepare monthly cash flow report.
- Provide weekly updates of the company credit lines.
Candidate Profile: Qualifications / Technical Skills
SIMPLE CRITERIA:
REQUIRED
- Minimum of 6 years relevant experience in Treasury Management
- Bachelor’s Degree or Higher National Diploma in Accounting/Finance or any other related course.
- Professional certification will be an advantage.
- Ability to prioritize and perform under pressure.
- Good sense of responsibility, discrete and reliable;
- Accurate, efficient, well-organized.
- Pro-active and positive-minded;
- Drive for results
DESIRED
- Experience in an international company appreciated (transactions with foreign companies)
- JDEdwards (Peoplesoft Enterprise One) finance is a plus.
How to Apply
Click here to download the Editable CV Template here
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