Associate Manager, Treasury
BIC
Abuja
5d ago
source : NigeriaJob.com

Position : Associate Manager, Treasury

Company Description

BIC® products are recognized all over the world for their quality, safety, affordability and ease of use. The ballpoint pen, the pocket lighter, and the shaver are all part of the daily lives of millions of consumers.

These products make BIC® an iconic international brand, present in more than 4 million retail outlets in more than 160 countries around the world.

BIC’s founder, Marcel Bich, understood that to succeed, BIC needed hands-on team members who were willing to take measured risks and assume responsibility for their role in a team.

Today, we provide our more than 15,000 team members in 61 countries with the opportunity to invent BIC’s future together while honoring our past achievements.

We are committed to our team members’ development and empower those who wish to discover different areas of our business or acquire international experiences.

MAIN PURPOSE

  • Evaluation, development, and implementation of cash management systems to optimize efficiencies.
  • Supervision of importation financing and letters of credit.
  • Sourcing and raising of funds for LSNL
  • Prepare weekly liquidity report
  • Management of utilization of the company’s liquid resources to eliminate exposure to financial risks.
  • Oversee and strengthen relationships with all banks and financial institutions as well as negotiating all bank and service fees.
  • Reconciliation of all daily cash receipts, daily bank deposits, daily and petty cash transactions
  • Prepare short and long-term cash flow forecasts including periodic variance analysis.
  • Comparison of projected interest income / expense against actual with commentaries on variances.
  • Ensure responsibility for all cash management functions i.e. cash concentration, account funding, local and
  • Develop and monitor treasury operational policies and ensure compliance with the organization’s internal controls, policies & procedures.
  • Main Responsibilities / Tasks

    KEY PERFORMANCE INDICATORS

  • Understand, manage, and supervise all aspects of cash flow and borrowing needs for the organization
  • Day to day management of working capital and FX sourcing for the Nigerian Market.
  • Working with global supply chain and global logistics to manage the importation of goods and services (Letters of credit etc.)
  • Working with account receivable, Sales and Customer service team to manage the set-up, overview and operations of all settlement accounts (both domestic and international)
  • Provide weekly updates of the company credit lines
  • Prepare weekly liquidity report
  • Manage / optimize all intra-group funding, loan agreements etc.
  • Document and maintain appropriate policies for operating & managing all treasury related activities.
  • Prepare and present various monthly, quarterly and annual treasury and cash management reports.
  • Follow up with the banks to ensure banking lines are secured on a timely basis
  • Ensuring terms and conditions for funding are in line with company policies and ensure compliance.
  • Study banking term sheets and identify areas that need to be negotiated with the banks.
  • Minimize the cost of capital
  • Required profile for job ad : Associate Manager, Treasury

    Qualifications

    EDUCATION AND PROFESSIONAL QUALIFICATION

  • Bachelor’s degree in accounting or related discipline.
  • Professional certification such as ICAN / ACCA / CPA is required
  • MSC / MBA is an added advantage
  • Experience Required

  • Must possess a degree in Finance, Accounting, or any other related field.
  • Minimum of 5 years post qualification experience with proven integrity.
  • Ability to take commercial insights and translate into the Organisation & People Agenda.
  • Proven ability to facilitate, persuade, influence and build credibility with all levels and all functions.
  • Analytical, interpretative, and decision-making skills.
  • Excellent coaching and relationship-building skills.
  • Sound IT knowledge in the use of outlook (Excel, word and powerpoint).
  • Working knowledge in accounting package-SAGE (All modules).
  • Sound communication and interpersonal skills.
  • Ability to effectively communicate with all levels of the organization and perform well in a team environment.
  • Willingness to adapt to changing business requirements and learn new systems / methods as required.
  • COMPETENCIES

  • Experience of international cash and FX exposure management and products.
  • Strong analytical skills and proven experience in a corporate treasury environment.
  • Strong commercial awareness and understanding of risk.
  • Detailed understanding of Nigeria banking and payments processes.
  • Project management skills and excellent communicator at all levels.
  • Team player with good interpersonal skills.
  • Proactive approach to task management and self-development.
  • Additional Information

    BIC is an Equal Opportunity Employer. We strongly commit to hiring people with different backgrounds and experiences to help us build better products, make better decisions, and better serve our customers.

    We do not discriminate based upon race, religion, color, national origin, gender, sexual orientation, veteran status, disability status, or similar characteristics.

    All employment is decided on the basis of qualifications, merit, and business need.

    BIC is not seeking assistance or accepting unsolicited resumes from search firms for this employment opportunity. Regardless of past practice, all resumes submitted by search firms to any team member at BIC via email, or directly to a BIC team member in any form without a valid written search agreement in place for that position will be deemed the sole property of BIC, and no fee will be paid in the event the candidate is hired by BIC as a result of the referral or through other means.

    Job criteria for job ad : Associate Manager, Treasury

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