Permanent Head of Treasury
Head of Treasury
People & Change Nigeria
Our Client is an indigenous business conglomerate comprising three major companies. Her business offerings include; Real estate; Car sales, Servicing and leasing; Household and Industrial Air conditioner (sales and maintainers).
Roles & Responsibilities
Cash and Liquidity Management
•Analyse funding needs to ensure that adequate funds are available to meet daily operational
expenses and emergencies.
•Manage liquidity and ensure that yields on financial assets are maximized.
•Facilitate and maintain relevant relationships with financial service providers such as banks, payment
service providers, lenders and investors.
•Forecast cash payments and withdrawals and anticipate challenges arising from cash concentration
or limited cash flow.
•Review bank statements daily to ascertain correctness of charges, commissions and posted
•Oversee the management and coordination of all fiscal reporting activities.
•Follow up with banks to resolve any issues experienced in accessing banking facilities or executing
•Oversee the preparation of regular cash flow forecasts while managing the revolving credit facilities.
•Ensure all debt & covenant reporting requirements are met and manage all documentation required
to refinance the various elements of the debt structure.
•Monitor and report on cash surpluses and deficits and engage executive management for effective
•Manage and maintain proper controls over treasury account, bank accounts, banking processes and
other treasury systems to allow easy disbursement, reconciliation and replenishment.
•Drive the proactive tracking of portfolio returns and recommend optimal investment policies that
capture the best interest rates while managing risk.
•Advise Executive Management on investment strategies that will ensure high returns on investment
and optimal liquidity for operations.
•Provide inputs into defining the business’ investment risk appetite
•Review the status of all foreign exchange deals and Investment Funds.
•Coordinate the review, analysis and reporting of the institution’s investment portfolio, yield and
Risk and Control
•Advises Top management on risk related issues that can impact the strategic direction of the
•Use hedging to mitigate financial risks related to the interest rates on the company’s borrowings, as
well as on its foreign exchange positions.
•Oversee bank account management and payments transactions to ensure compliance with the
appropriate procedures and approval authority.
•Provide the Group CFO with an operating budget.
•Work with management to ensure success through cost analysis support and compliance with all
•Work with the Group CFO to develop and document the appropriate investment policies, objectives,
asset allocation guidelines and appropriate investment strategies.
•Review all investment proposals with the Group CEO
•Advise management and provides input on the funding, debt and cash-flow implications of the
corporate strategy, goals, plans and projects
•Assisting in the development and negotiation of contracts
•Provide strong leadership and ensure clear strategic objectives are in place.
•Manage the day to day performance, learning and development of the team, including one – on – one
feedback sessions and conducting performance appraisals
•Support the implementation and facilitation of relevant workshops and training courses
•Promote a strong team culture
•A first degree in Accounting, Finance, Economics or any related discipline from a reputable institution
•Relevant professional certifications e.g. Chartered Financial Analyst (CFA), Institute of Chartered
Accountants of Nigeria (ICAN), Association of Certified and Chartered Accountants (ACCA) or its
equivalent is required.
•MBA or a Masters’ in related discipline is an added advantage.
•Minimum of 10 years cognate work experience; three (3) of which must have been in a Management
position of a large corporation interfacing with the senior management team and Financial partners.
•Good knowledge of the Financial Services Industry
•Three (3) years work experience in a similar role or in the Treasury department of a Financial
•Sound knowledge of GAAP (generally accepted accounting principles), IFRS and financial analysis.