Company Info
BIC® products are known and appreciated all over the world for their quality, their affordability and ease of use. The ballpoint pen, the pocket lighter, the one-piece shaver are all part of the daily lives of millions of consumers.
BIC® products are known and appreciated all over the world for their quality, affordability, and ease of use. The ballpoint pen, the pocket lighter, and the one-piece shaver are all part of the daily lives of millions of consumers.
These products make BIC® one of the best known international brands, present in 3.2 million retail outlets, in more than 160 countries. As we explore the tremendous opportunities ahead, we require dedicated and dynamic employees to help build our team.
We are recruiting to fill the position below:
Job Title: Associate Manager, Treasury
Job ID: 5283
Location: Lagos
Department: Finance
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
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.
- Develop and monitor treasury operational policies and ensure compliance with the organization’s internal controls, policies, and procedures.
- Manage appropriate accounting procedures 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 ensure 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 the export documentation process (pre-shipping and post-shipping documentation, fee 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 on the company credit lines.
Candidate Profile – Qualifications / Technical Skills
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.
Application Closing Date
Not Specified.
How to Apply
Interested and qualified candidates should:
CLICK HERE TO APPLY