Treasury Associate

• Establish and monitor all bank accounts as per the needs of the business and comply with the formalities required.
  
• Review and maintain cash floats at various working locations.
  
• Maintain a schedule of lease payments of assets leased and make the funds available for the same on due dates.
  
• Effect various payments to various parties including indigenous and foreign suppliers on timely basis.
  
• Ensuring that the payments are made after due verification that they have been authorized by appropriate authority levels as per the company policies.
  
• Develop a system of confirmation of receipts by beneficiaries.
  
• Prepare monthly cash forecast and submit for review to Treasurer.
  
• Monitor bank charges and offer advice on various services offered by the bank including remittance charges interest on working capital drafts etc.
  
• Ensure daily reconciliation of all bank accounts and clearing of all reconciling items within a reasonable time.
  
• Develop investment models for the available funds in various currencies and advise on the investment portfolio as per the company policy and Treasurer s guidance.
  
• Develop reporting mechanism by which measurement can be done for effective utilization of funds and foreign exchange transactions.
  
• Monitor the working capital needs of the organization and liaise with the financial institutions.
  
• Maintain proper record and control over various financial instruments belonging to the company like bank guarantees call deposit receipts etc.
  
• Manage the Group s foreign exchange exposures with the guidance of the Treasury.
  
• Review and ensure that all bank reconciliations are accurate.
  
• Develop and maintain relationships in institutional unions bankers and other finance companies.
  
• Ensure the sources and uses of funds across the organization are adequately matched.
  
• Diligently manage monetary risks such as interest rates foreign exchange risks liquidity risks using hedging products where appropriate
  
• Other assignments as delegated by the Treasurer
  

Requirements

• Professional membership of The Institute of Chartered Accountants of Nigeria or The Institute of Bankers of Nigeria or any equivalent professional qualification.
  
• Bachelor s Degree (Hons) in accounting or a related course.
  
• Minimum of 4 years working experience
  
• Experience in banking is an added advantage.
  
• Exposure to foreign exchange management.
  
• Familiarity with international and local financial reporting standards
  
• Excellent analytical and numerical ability
  
• Good interpersonal relations
  
• Masters/relevant professional qualification is an added advantage