Associate Manager, Treasury - Lagos, Nigeria - BIC NIGERIA LTD

Description

ABOUT THE COMPANY

BIC began simply – with a vision and a pen. The goal was to create a product to answer a fundamental consumer need: a smooth, effortless writing tool. But what resulted was so much more: BIC democratized the art of writing and gave everyone the power of creative expression.

Today, we bring simplicity and joy to everyday life. Our ambition is to create a sense of ease and delight in the millions of moments that make up the human experience. It is this passion for bringing simplicity and joy to people all over the world that drives our team members each day. We reimagine everyday essentials, designing products that are part of every heart and home.

We believe we positively impact the world by offering sustainable solutions that respect the planet through smart design and the creation of products that last.

JOB SUMMARY

Simple Criteria:Required:Bachelor's Degree or Higher National Diploma in Accounting/Finance or any other related course.Minimum of 6 years relevant experience in Treasury ManagementProfessional certification will be an advantage.Ability to prioritize and perform under pressure.Good sense of responsibility, discrete and reliable;Accurate, efficient, well-organized.Pro-active and positive-minded;Drive for results.Desired:Experience in an international company appreciated (transactions with foreign companies)JDEdwards (Peoplesoft Enterprise One) finance is a plus.

RESPONSIBILITIES

This position will assist the Finance Manager, Nigeria to manage trade services, forex management, import and export documentation and working capital management.Responsible for the assessment, monitoring, planning and management of the efficient utilization of cash and financial services in a manner consistent with the objectives of the Company.Main Responsibilities / TasksCash & Working Capital Management:Responsible for the assessment, monitoring, planning, cash, and financial services optimization.Forecast daily cash requirements and executive daily financing decisions including raising of funds where needed.Reconciliation of all daily cash receipts, daily bank deposits, daily and petty cash transactionsPrepare short- and long-term cash flow forecasts including periodic variance analysisAssess investment performance benchmark and recommend changes to investment policies based on market conditions.Development and monitoring treasury operational policies and ensure compliance with the organization's internal controls, policies, and procedures.Manage appropriate accounting procedure and processes for finance income, investments and periodic IFRS9 (International Financial Reporting Standards) impairments.Trade Service/Forex transactions Management:Monitor import documentation process to ensure that target lead times are achieved and ensures duty cheques and other charges are paid promptly to minimize port clearance delays.Ensure minimal exposure to fluctuations in forex by type of foreign contracts and financing.Responsible for compliance with CBN's exchange control guildeline on documentation of form A ad A, LC and Bill of Entry and direct remittancesMonitor export documentation process (pre-shipping and post shipping documentation, fees payment etc).Maintain close contact with the forex and money markets activities to keep abreast of trends and developments regarding interplay of interest rates, forex rates and purchases and purchases/utilization.Oversee and strengthen relationships with all banks and financial institutions as well as negotiating all bank and service fees.Treasury Reports:Prepare regular reports on cash synopsis, investment, and bank exposure for Board meetings.Preparation of monthly cash flow forecast and treasury report.Prepare weekly liquidity report.Key Performance Indicators / Key FiguresUnderstand, 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 customer excellence to manage the importation & exportation of goods and services (letter of credit, bills for collection etcWorking with account receivable, sales, and customer excellence team to manage the set-up, overview, and operations of all settlement accounts (both domestic and internationalPrepare weekly liquidity report.Prepare monthly cash flow report.Provide weekly updates of the company credit lines.

REQUIRED SKILLS

Budgeting, financial planning, Compliance, Foreign exchange trading, Treasury management, Documentation and record keeping

REQUIRED EDUCATION

Bachelor's degree