Treasury Manager at Aldelia

Job Objective and Summary

The responsibilities of the Treasury Manager are to:

• Manage day-to-day activities within the treasury function to meet company’s financial obligation
• Allocate cash balances, maintain investment records, and prepare expenses and earnings forecast.
• Determine procurement of funds and monitor investments and collections
• Ensure adequate and effective coordination of payments, collections, and treasury reporting.
• Ensure adequate short, medium, and long term funding to meet operational requirements of the organization
• Manage the company’s Forex risk by ensuring that forex requirements are proactively planned for.
• Manage the Credit control team to ensure Company’s credit risk exposure is within tolerable limits.

Core Responsibilities and Key Result Areas

• Implement the company treasury policy in Nigeria and other African countries, working with the Chief Finance Officer, the Financial Controller, and the management accountant teams accordingly, in such implementations.
• Oversee and strengthen day to day relationship with all banking partners and financial institutions ensuring that all covenants and commitments are adhered to and reported on time and all documentation (facilities and otherwise) are up to date
• Oversee all treasury reports for Nigeria and other African countries
• Ensure adequate and effective controls over payments, collections, and treasury reporting.
• Managing the company’s liquidity risk by ensuring that the company is properly funded in the short, medium, and long term to meet operational requirements, loan repayments and interest payments and capital expenditure.
• Managing the company’s Forex risk by ensuring that the company’s forex requirement is proactively planned for.
• Oversee all treasury reports for Nigeria and other African countries before sharing with the management team.
• Evaluate, develop, and implement best in class cash management systems to optimize operational efficiencies.
• Work with supply chain team to facilitate import financing, direct payment, bills for collection and letters of credit.
• Prepare cash flow forecasts
• Debt facilities management
• Interest rate risk management and development of risk mitigation strategies
• Liaising with senior management across the organization
• Support International business on all foreign trade transactions
• Proactively review of bank transactions to ensure accuracy of charges
• Support month- end close process
• Any other responsibilities assigned by CFO

Key Performance Indicators

• Promptness in processing of all bills and requests with supporting documents within 48 hours
• Zero error & fraud on transactions for the period
• Timeliness & accuracy of company’s payable position, monitoring of overdue/ due invoices for all delivered items (weekly)
• Ability to manage working capital adequacy and availability of funds to meet obligations at all times
• Cost reduction initiatives implemented
• Accuracy & timeliness of cashflow forecasts.

Knowledge

• Good knowledge of accounting principles and relevant standards
• Business insight and decision support
• Knowledge of international trade transactions /Incoterms
• Knowledge of cash management principles.