Fadac Resources is Recruiting For Treasury Manager

6 days ago
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Fadac Resources’s Career and Recruitment Offer

Job title : Treasury Manager

Job Location : Lagos

Deadline : April 30, 2021

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Job Responsibilities

  • Oversee the treasury affairs of the business and ensure they are legal, constitutional and within accepted accounting practice.
  • Monitor and report on the financial health of the business.
  • Assist and provide adequate support to the Head of Finance with respect to fund raise, custody of funds, utilization of funds and safety of cash assets.
  • Supervises, motivates and leads teams by identifying roles and providing guidance on service output and quality
  • Provide insight and guidance contemporary Accounting and reporting issues
  • Ensure effective and efficient use of resources.

Treasury Operations:

  • Supervise all incoming and outgoing banking transactions on behalf of the company
  • Recommend and implement necessary controls and policies to safeguard cash assets of the business (covering receipt, custody and disbursement of cash and other financial information)
  • Coordinate the process of fund raise and provide all required information in conjunction with the Financial Adviser
  • Review statements and provide advice on issues pertaining to business finance
  • Advice the business on changing macro & micro economic indices and contemporary financial regulations as may be applicable to the business.
  • Ensure appropriate working capital is available to run day to day activities of the business
  • Oversee vendor payment systems in line with agreed payment terms.
  • Advice the business regarding investments and loans
  • Liaise with relevant partners and management team to ensure the financial viability of the organisation.
  • Oversee the process of deployment of POS to all outlets
  • Ensure proper reconciliation of sales proceeds and implement necessary controls to ensure sales proceeds are fully remitted to the company accounts (cash, mobile money operators, POS and other payment channels)
  • Ensure proper filing and safe keeping of financial records.
  • Ensure proper records are kept and that effective financial procedures and controls are in place covering but not limited to the following
  • Prepare/provide information required for monthly and quarterly cashflow forecasts.
  • Maintain the petty cash system and regularly process petty cash claims.
  • Regularly carry out reconciliations/ oversee regular reconciliations of all bank account and ensure timely resolution of all reconciling items.
  • Make the necessary arrangements to collect payments from debtors and bank payments promptly.
  • Prepare, quarterly and yearly reportsto regulatory bodies i.e.SEC on fund utilization (when necessary and where applicable)
  • Ensure all treasury transactions are posted timely and reconciliation of GL and sub -GL accounts.
  • Ensure vendor cheques are confirmed timely to banks.
  • Perform and document periodic risk assessmentfor treasury unit and work with Internal Control on updating risk register.
  • Ensure proper records are kept and that effective financial procedures and controls are in place, i.e. Records of cheque signatories
  • Signing limits
  • Petty cash/ float
  • Salary payments
  • Pensions
  • PAYE and other regulatory payments
  • Vendor payments
  • Capital expenditures

Regulatory Compliance:

  • Establish reporting procedures and ensure compliance with regulatory guidelines
  • Ensure that appropriate finance systems are maintained and that all procedures/controls are implemented
  • Ensure that all accounting records are in compliance with the approved policies and accounting standards
  • Oversee the proper maintenance of the organisation’s accounting records and ensure compliance with tax and taxation agencies, including all other statutory and regulatory requirements
  • Ensure timely remittance of all statutory deductions to the relevant bodies (e.g. pension and taxes) and manage the interface between the Organisation and its external auditors.

People Development:

  • Ensure that direct reports are suitably motivated by providing them with: a sense of achievement, responsibility for decision making and recognition of achievement
  • Directly responsible for the development of direct reports, support in competence and career Management

Key Performance Indicators:

  • Provision of Daily cash report
  • Provision of Timely Bank Reconciliation Report devoid of long outstanding reconciling items
  • Accuracy of treasury reports, fund balances etc
  • Ratio of investment income to idle cash
  • Time taken to create month-end accounting journals for all treasury transactions
  • Accuracy of cash forecast
  • Rate of compliance with internal controls especially on payments
  • Accuracy of forecasted investment income
  • Timely provision of audit requirements (external and internal)

Job Requirements

  • A good first degree in Accounting or Banking & Finance
  • Possession of a Postgraduate degree in Accounting/Business Administration or related field is an added advantage
  • Minimum of 8 years in Audit or core Finance role with at least 3 years in Management capacity.
  • Membership of the ACCA, ICAN, CIS or any other related professional qualification is required.
  • Knowledge of financial reporting and analysis
  • Knowledge and experience of fundraising finance practice
  • Knowledge of capital markets, accounting and business finance
  • Knowledge of relevant Software Application
  • Industry Knowledge
  • Numerical Analysis
  • Knowledge of Financial Analysis & Interpretation and reporting
  • Knowledge of Cash Management Principles
  • Knowledge of banking systems and processes
  • Knowledge of Risk Management

How to Apply for this Offer

Interested and Qualified Candidates Should Click here

Company Information

  • Total Jobs: 4 Jobs
  • Full Address: 1st Floor, 62 Kudirat Abiola Way, Oregun, Lagos, Nigeria.

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