Senior Treasury Associate at ARM Life Plc

ARM is a leading group of companies situated in Nigeria with branches scattered across the country. Arm Life is the insurance subsidiary of Asset & Resource Management Company Ltd (ARM). Its parent company, ARM is one of the largest non bank financial services firms in Nigeria with a focus on asset management of quoted equities and fixed income securities.

We are recruiting to fill the position below:

Job Title: Senior Treasury Associate

Location: Lagos, NG

Main Responsibilities

Ensure adequate liquidity is available to meet strategic objectives and financial obligations
Oversee cash management banking and financial institution relationships. Negotiate bank and service fees. Implement new bank technologies, products and services to improve cash cycle and simplify company operations.
Manage the disbursement and collection process to and from country offices
Minimise the cost of capital for the company
Manage the risk from interest rates, and other forms of exposure (e.g., foreign exchange) in line with strategy and risk appetite
Ensuring that the company’s cash flow is adequate to allow it to operate effectively
Evaluate alternative long-term borrowing strategies and make recommendations in accordance with the capital structure guidelines
Forecast cash payments and anticipating challenges arising from limited cash flow and perform financial modelling
Ensure compliance with internal controls, policies and procedures. Develop and monitor treasury operational policies.

Deliverables:

Capital and liquidity report
Disbursement and collection process plan

Time Allocation:

Liquidity management-60%
Domestic fundraising -20%
Agency relationships-15%
Administrative-5%

KPIs
Business Performance:

Interest expense as a percentage of sales – total interest payments made by the
Group in the last financial year as a percentage of total sales (15%)
Growth rate in interest expense – percentage growth rate in value of interest payments made by the Group in the last financial year (15%)
Debt to total assets ratio – the ratio of total debt to total assets (15%)
Number of credit rating upgrades in the last financial year – total number of times the Group’s credit rating was upgraded in the last financial year (15%)
Number of credit rating downgrades in the last financial year – total number of times the Group’s credit rating was downgraded in the last financial year (10%)

Reports and Processes:

Timeliness of management reports – percentage of management reports that are delivered to the target audience as per the agreed deadlines (5%)
Quality of Management Reports – Variance between expected and actual cash flow, liquidity requirements, etc. (5%)
Timeliness of processes – on time disbursement and repayments of funds to country office (5%)

Management:

Direct report feedback – the annual average rating from 360-degree surveys launched to direct reports (10%)
Feedback from direct leader – qualitative judgement (5%)

Skills:

Excellent understanding of real estate market and financial needs
Knowledge of investment portfolio strategy, bankin, and financial instruments
Knowledge of treasury software expertise is a plus
Thorough understanding of the principles and application of good corporate governance, business and operational risk and control processes and procedures
Gathers information nationally and internationally about what could be; visualises the future and assesses what needs to change; thinks strategically, considers wider effects thoroughly, including customers, shareholders and people; promotes and builds enthusiasm for the vision.
Balances the needs of the stakeholder triangle; assimilates and analyses relevant information; identifies core principles, and applies them consistently to decisions; identifies and mitigates risks; creative in providing solutions; owns decisions.
Good planning/project management skills
Exceptional negotiation, problem-solving and analytical skills
Outstanding people leadership and management skills. Ability to drive change management across the organisation
Superior communication skills, both verbal and oral
Sets milestones and timeframes to achieve objectives and operational requirements; determines priorities and allocates responsibilities and manages workflow; establishes measures and monitoring systems; monitors unit and individual performance, putting (joint) action plans in place to address areas of non-compliance; anticipates hurdles and has contingency plans to get around them

Requirements

Undergraduate degree (or equivalent) in a related field is required
Advanced degree (MBA) or Chartered Financial Analyst certification (CFA) preferred
10 years of professional experience; 3-5 years of experience within a similar role
Experience In Focus Country Preferred
10+ project management experience
Undergraduate degree (or equivalent) in business management
Experience in managing large scale projects within the real estate sector

Application Closing Date
Not Specified.

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