Position Summary
Nestlé Nigeria is currently looking to fill the role of Treasury Officer, who will be responsible for supporting the Treasury department in ensuring that banking operations & reports relating to the trade, staff, NBS & Nestle Treasury Centre are promptly and effectively achieved within agreed timelines and in compliance with local financial regulations and standards.
Responsibilities
Bank Charges and NFC:
Perform daily check on bank charges and net finance cost, create visibility on evolution, identify opportunities for optimization and take necessary actions.
Track the lifecycle of all Letters of credit, identify opportunities for financing cost optimization and control.
Prepare the Import Finance Facility Report to give visibility on trade loan exposure and limit by bank.
Banking Relationship with Respect to Facility:
Manage bank facilities in line with business needs and at the least cost possible.
Benchmark the total business of Nestlé Nigeria across the banks and trigger constructive engagement to reduce cost
Supervise all kinds of bank guarantees
Balance Sheet – Integrity:
Enhance Balance Sheet integrity by ensuring no aged items in Bank Reconciliation
Perform reconciliation of forward contracts with GL, and trigger relevant actions
Cash Management:
Support cash management by maintaining accurate and timely Daily Cash Forecast to meet business needs
Provide 3 months rolling cash forecast for working capital management.
Manage petty cash replenishment, disbursement, reconciliation and report.
PEC for Treasury and Reporting:
Review Treasury Report to ensure alignment with banks’ report and SAP
Maintain an activity calendar for Period End Closing and lead the process
Prepare material allocation for exchange difference arising from FX purchase
Requirements
Educational Qualifications:
Candidates should possess a B.Sc. / HND in Accounting or Banking and Finance.
Professional Certification i.e. ACA, ACCA or CIMA is mandatory.
Behavioural Competencies:
Assertiveness in communication: Ability to articulate the value added by finance and their specific role within the organization
Interpersonal relationship skills: Proven ability to build strong relationships across different teams and departments
Professional Experience:
Minimum 5 years’ post NYSC experience in Treasury Operations.
Preferred banking experience: Sales of treasury products such as fixed deposits, bonds, foreign exchange, and trade operations
Treasury accounting: Proficiency in preparing cash flow statements, liquidity management, and managing facility agreements with banks
Experience in other roles within or outside the finance function, such as supply chain management (SCM) or sales, would be advantageous
Previous achievement: Demonstrated track record of successful projects and proactive identification of opportunities
Apply via :
most nutritious choices in a wide range of food and beverage categories and eating occasions