Treasury Manager at Fadac Resources and Services

Fadac Resources and Services – We provide businesses with human capital solutions that can help improve oral performance while reducing employment practice risk.We can assist organization no matter how large or small to establish, outsource and trouble shoot any human resources functions/ challenges Our believe is that people are the greatest asset in the organization regardless of the business size, industry and market share. We provide the best professionals backed with solid years of experience and knowledge, and their job is to integrate solutions for your business needs.

We are recruiting to fill the position below:

Job Title: Treasury Manager

Location: Lagos
Employment Type: Full-time

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