Overview

WTS Energy provides recruitment and manpower services for the global oil and gas and energy industries. We supply engineers and consultants to our clients’ projects and operations, and perform employment outsourcing services such as workforce management in oil and gas regions around the world. WTS Energy operates globally with offices in 14 countries and is operational in over 50 countries.

Job Title: Head of Treasury

Job Location: Lagos

Job Description

Reporting to the Chief Executive Officer (CEO), Chief Operations Officer (COO) and other senior Executives, the Head of Treasury/Finance is a part of the Executive Leadership Team (ELT) and is responsible for the financial management of the organization.

Job Responsibilities
As Head of Treasury, the candidate performs a wide range of responsibilities. These may include, but are not limited to:

  1. Providing sound financial support and insights to enable the ELT to make critical business decisions
  2. Presentation of financial results and insights to the Board
  3. Play a key role in the formulation of the business’s strategy
  4. Managing and overseeing the taxation affairs of the organization and liaising with the external tax firm for specialist advice
  5. Managing and overseeing the cash flow of the company and ensuring it has the appropriate treasury controls
  6. Analyzes, interprets and records all financial data from the sale of instant lottery tickets; analyzes and interprets the financial file interface for the online gaming system and adjusts data to the General Ledger.
  7. Summarizes and enters weekly totals for online games electronic funds transfers (EFT’s) adjustments, lottery sales and payouts into the accounting system and reconciles online games accounts receivables.
  8. Balances weekly instant and online games EFT files for distribution to appropriate accounts; controls the revenue stream from retailers’ to Lottery accounts.
  9. Prepares accounts receivables and weekly accounting records.
  10. Ensures that lottery revenue and related taxes are properly reported and remitted; verifies accuracy of the Games Report on a daily basis.
  11. Ensures compliance with the gaming facility’s internal control system and the Minimum Internal Control Standards adopted by the industry.
  12. Ensures the integrity of table games played at the gaming facilities.
  13. Analyzes video lottery central computer data in order to make daily adjustments to ensure the accuracy of revenue reporting.
  14. Perform forensic auditing of machine irregularities and conducts routine audits with the assistance of field auditors. Creates reports of audit findings to senior management and maintain knowledge of current trends and developments in the field.
  15. Performs routine field audits and forensic auditing of machine irregularities.
  16. Managing and overseeing the company’s banking and borrowing arrangements
  17. Managing relationships with Investors (where applicable)
  18. Managing and overseeing the company’s financial systems
  19. Investment appraisal and analysis
  20. Presenting results to non-finance people to understand
  21. Recruitment, training, mentoring and development of staff
  22. Overseeing Accounts Payable, Accounts Receivable, Tax, Treasury, Payroll, Financial and Management Accounting functions.
  23. Risk Management to ensure the business has a solid risk framework in place
  24. Overseeing commercial decision making from tender analysis, margin analysis, pricing analysis etc
  25. Advising and implementing best practice methods to increase revenue and reduce costs
  26. Advising on market changes and providing strategic financial recommendations to the ELT
  27. Managing and tracking budget and accounting information including billing, collections, and tax information
  28. Reviewing all formal finance policies and procedures
  29. Develop cash targets to support efficient liquidity management
  30. Manage excess operating cash to obtain optimum interest revenue
  31. Develop and enforce strong internal controls and financial management policies
  32. Develop treasury reporting dashboards appropriate for various stakeholders and track KPI
  33. Oversee electronic cash receipt and cash disbursement processing and accounting
  34. Oversee daily cash positioning activities including managing daily liquidity, cash position reconciliation and bank reporting
  35. Serve as the primary contact with commercial banks in cash management services, trust, custody and with business managers regarding day-to-day treasury needs.

Job Qualification

  • Bachelor’s Degree in Accounting, Finance, or related field (MBA preferred)
  • Professional accounting qualification
  • The more common skills and attributes that are most needed for this role may include:
  • 10+ years’ experience in a senior financial managerial position with a proven record of success
  • Sound decision-making skills based on accurate and timely analyses
  • Results-oriented and metrics-driven
  • Exceptional time management and able to solve problems
  • Exceptional interpersonal communication and leadership skills, with the ability to communicate and manage staff at all levels
  • Ability to lead by example and demonstrate a strong sense of integrity, ethics and dependability
  • Professional written and oral communication skills
  • Confident to present results to an audience
  • Strategic thinking, planning and creative problem-solving skills
  • Ability to work under pressure
  • Ability to collaborate with upper management to organize, plan and achieve company financial goals
  • Advanced computer software skills, including Excel and financial reporting software.

How to Apply
Interested and qualified candidates should:
Click here to apply online

Tagged as: Engineering

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