Search for Job Vacancies and Career Opportunities in Nigeria

Assistant Manager Treasury At Adexen Recruitment Agency - Oil And Gas

Date Posted: 24/May/2014
Deadline: 06/Jun/2014
  • Specialization Admin / Finance
  • Industry
  • Experience 0 year(s)
  • Location Nigeria


  Adexen Recruitment Agency is mandated by a fully integrated and efficient downstream player with leading positions in the oil and gas industry to recruit an Assistant Treasury Manager for its operations in Nigeria


Our client is a fully integrated and efficient downstream player with leading positions in the oil and gas industry


Job description

  •  The job holder will coordinate the treasury staff for productivity optimization towards achieving the organizational goals and objectives. He will develop a healthy relationship with bankers, insurance companies and regulatory authorities while serving as liaison officer between them and the companies.
  • The Assistant Manager Treasury is responsible for provision of necessary professional support to the CFO in the area of Corporate Funds management



  • Sourcing for funds for the organisations’ working capital at cheapest price possible.
  • Effective management of the companies’ cash flow to balance dry working capital situation with holding of idle funds.
  • Management of the payment system and policies with the utmost aim of optimizing utilization of available funds.
  • Monitoring of vendors’ data master file
  • Coordinating the companies’ borrowing activities with the banks and other financial institutions.
  • Providing professional advice as regards management of excess cash and cash flow forecasts.
  • Coordinating the companies’ general banking relationships and alliance for effecient banking services delivery
  • Creating and maintaining correspondences with banks and Insurance companies
  • Maintenance of the companies’ insurance portfolio and coordinating both the Insurance renewal and Insurance claim processes
  • Preparation of the annual Banking Resolution for review of the CFO and subsequent submission to board for approval.
  • Coordinating the process of Establishment of Letter of Credit to finace importation of products
  • Monitoring of Letter of Credit life span to ensure funds are made available for its liquidation as at when due.
  • Evaluation of various refinanacing options for overdue Letters of Credit.
  • Coordination all foreign direct remittance for offshore services, training and purchases
  • Rendition of daily Assets and liabilities position for company group account preparation.
  • Coordination of the preparation and rendition of daily Income and Expenditure reports for the Executive management review
  • Daily review of banks’ balances and position for management daily decision making.
  • Preparation and presentation of other management accounts for management decision making.
  • Submission of required documents to the DPR and PPPRA on all established Letters of Credit for PMS importation
  • Processing of PPPRA advice for payments of PPPRA
  • Administrative and PEF charges in anticipation of receipt of SDN.
    Coordination of SDN redemption from Central Bank Of Nigeria and DMO through our bankers
  • Mangement of correspondence on PPPRA receivables with the DPR, DMO, PPPRA and CBN
    Ensuring that PPPRA receivables are accurately represented in our books



  • BSc in Accounting or any other relevant social science subjects.
  • Professional Qualification in Accounting e.g ICAN, ACAetc
  • MBA will be an added advantage
  • Good analytical mind and advance mathematical skills
  • Must be a proven team leader
  • Goal oriented and targetd riven
  • Great interpersonal skill
  • Communication skills
  • Proficiency in the use of Microsoft Word and Excel

Method of Application

Interested and qualified? Click the Apply now button to send your application

Apply Now  

Subscribe to FREE Job Alerts.


Subscribe to Job Alert
Filter Jobs
  • Location



    Job Type



Latest Jobs and Recruitment in Nigeria Today is the fastest-growing jobs in Nigeria job listing platform .

JustJobsng is Nigeria's leading online jobs site, providing the latest job vacancies and recruitment in Nigeria in a variety of industries and locations in Nigeria.

Search for all job vacancies in Nigeria here on Nigeria’s #1 Job site. Everything latest jobs in Nigeria, Jobs in Nigeria, recruitment in Nigeria, vacancies In Nigeria and employment opportunities in Nigeria is our forte.

Browse our website and search current job opportunities that meet your search criteria. Also you can help yourself with our career resources that will assist you when preparing for an interview.

Our job services are FREE. We strive to post only genuine/Verified Jobs.

Sign up for latest jobs and recruitment offers in Nigeria today!