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Treasury Manager At Best Search Recruitment

Date Posted: 09/Jun/2014
Deadline: Not Specified
  • Specialization Admin / Finance
  • Industry
  • Experience 0 year(s)
  • Location Nigeria

 Job Summary:


To ensure the daily liquidity position of the company with regards to managing the inflows and ensuring the availability of liquidity to meet outstanding and maturing obligations whilst still keeping effective control over interest expense and income.


 Job Responsibilities:


Bank Accounts

 Arrange facility agreements with banks and the opening of bank accounts.


Outstanding Balance:

 Review daily/weekly positive balances outstanding on various bank accounts to ensure that these are captured promptly in order to minimize interest burden.


Financial Reporting:

 Prepare monthly report on cash flows, status of utilized/unutilized facilities, average actual interest rate and projected implications of interest expense on group profitability.



 Reconcile weekly/monthly, various bank accounts with the books and th credit facilities with the banks, investigating and resolving any outstanding transactions.


Financing Options:

 Researches and explores various financing options and proposes optimal approach.


Funding Requirements:

 Participates in developing company’s two year forward projected funding requirements in the light of current performance and business plan objectives


Liquidity and Funding:

 Reviews and manages the liquidity and funding positions.


Payment Instruction:

 Regularly review all LC, LG and supplier payment instructions to ensure that the banks process these on time to avoid any disruption to supply chain.


Staff Bank Accounts:

 Coordinates with the banks with regard to the payments of salaries to staff bank accounts on timely basis


Financial Service Providers:

 Manage relationships with financial service providers, effective support for credit, leasing and operational activities, conduct reviews of banks, benchmarking them to evaluate best fit.


Relationship with Insurance Companies:

 Manages the relationships with insurance companies with a view to attracting deposits for the company.


Investment Policies:

 Reviews and recommends changes in investment policies and strategy based on market conditions and external environment, monitor bank charges and service delivery from banks, ensure efficient cash management with banks.

4th floor 99 Opebi Road, Valley view plaza, Ikeja Lagos +234 (0) 813 424 4515 / [email protected] Page 2 of 2

Policies and Procedures:

 Keeps track of all banking agreements, covenants, terms& conditions to ensure compliance in terms of any legal/financial documentation required by the banks.


Performance Reviews:

 To efficiently manage the performance of subordinates



 Qualified accountant with 5+ years post qualified experience in a reputable company.

 Professional Treasury experience is required.

 Bachelors Degree or equivalent required.

 Ability to work cooperatively with others to achieve shared organizational objectives. Ensure all relationships enable the organization to operate in an effective and efficient manner.

Method of Application

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

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