\n
\u200bJob Responsibilities<\/strong><\/p>\n\n- Oversee the treasury affairs of the business and ensure they are legal, constitutional and within accepted accounting practice.<\/li>\n
- Monitor and report on the financial health of the business.<\/li>\n
- Assist and provide adequate support to the Head of Finance with respect to fund raise, custody of funds, utilization of funds and safety of cash assets.<\/li>\n
- Supervises, motivates, and leads teams by identifying roles and providing guidance on service output and quality<\/li>\n
- Provide insight and guidance on contemporary Accounting and reporting issues<\/li>\n
- Ensure effective and efficient use of resources.<\/li>\n<\/ul>\n
Treasury Operations:<\/strong><\/p>\n\n- Supervise all incoming and outgoing banking transactions on behalf of the company<\/li>\n
- Recommend and implement necessary controls and policies to safeguard cash assets of the business (covering receipt, custody and disbursement of cash and other financial information)<\/li>\n
- Coordinate the process of fund raise and provide all required information in conjunction with the Financial Adviser<\/li>\n
- Review statements and provide advice on issues pertaining to business finance<\/li>\n
- Advice the business on changing macro & micro economic indices and contemporary financial regulations as may be applicable to the business.<\/li>\n
- Ensure appropriate working capital is available to run the day to day activities of the business<\/li>\n
- Oversee vendor payment systems in line with agreed payment terms.<\/li>\n
- Advice the business regarding investments and loans<\/li>\n
- Liaise with relevant partners and management team to ensure the financial viability of the organization.<\/li>\n
- Oversee the process of deployment of POS to all outlets<\/li>\n
- Ensure proper reconciliation of sales proceeds and implement necessary controls to ensure sales proceeds are fully remitted to the company accounts (cash, mobile money operators, POS, and other payment channels)<\/li>\n
- Ensure proper filing and safe keeping of financial records.<\/li>\n
- Ensure proper records are kept and that effective financial procedures and controls are in place covering but not limited to the following<\/li>\n
- Prepare\/provide information required for monthly and quarterly cashflow forecasts.<\/li>\n
- Maintain the petty cash system and regularly process petty cash claims.<\/li>\n
- Regularly carry out reconciliations\/ oversee regular reconciliations of all bank account and ensure timely resolution of all reconciling items.<\/li>\n
- Make the necessary arrangements to collect payments from debtors and bank payments promptly.<\/li>\n
- Prepare, quarterly and yearly reports to regulatory bodies i.e.SEC on fund utilization (when necessary and where applicable)<\/li>\n
- Ensure all treasury transactions are posted timely and reconciliation of GL and sub -GL accounts.<\/li>\n
- Ensure vendor cheques are confirmed timely to banks.<\/li>\n
- Perform and document periodic risk assessment for treasury unit and work with Internal Control on updating risk register.<\/li>\n
- Ensure proper records are kept and that effective financial procedures and controls are in place, i.e. Records of cheque signatories<\/li>\n
- Signing limits<\/li>\n
- Petty cash\/ float<\/li>\n
- Salary payments<\/li>\n
- Pensions<\/li>\n
- PAYE and other regulatory payments<\/li>\n
- Vendor payments<\/li>\n
- Capital expenditures<\/li>\n<\/ul>\n
Regulatory Compliance:<\/strong><\/p>\n\n- Establish reporting procedures and ensure compliance with regulatory guidelines<\/li>\n
- Ensure that appropriate finance systems are maintained and that all procedures\/controls are implemented<\/li>\n
- Ensure that all accounting records are in compliance with the approved policies and accounting standards<\/li>\n
- Oversee the proper maintenance of the organization\u2019s accounting records and ensure compliance with tax and taxation agencies, including all other statutory and regulatory requirements<\/li>\n
- Ensure timely remittance of all statutory deductions to the relevant bodies (e.g. pension and taxes) and manage the interface between the Organisation and its external auditors.<\/li>\n<\/ul>\n
People Development:<\/strong><\/p>\n\n- Ensure that direct reports are suitably motivated by providing them with: a sense of achievement, responsibility for decision making and recognition of achievement<\/li>\n
- Directly responsible for the development of direct reports, support in competence and career Management<\/li>\n<\/ul>\n
Key Performance Indicators:<\/strong><\/p>\n\n- Provision of Daily cash report<\/li>\n
- Provision of Timely Bank Reconciliation Report devoid of long outstanding reconciling items<\/li>\n
- Accuracy of treasury reports, fund balances, etc<\/li>\n
- Ratio of investment income to idle cash<\/li>\n
- Time is taken to create month-end accounting journals for all treasury transactions<\/li>\n
- Accuracy of cash forecast<\/li>\n
- Rate of compliance with internal controls especially on payments<\/li>\n
- Accuracy of forecasted investment income<\/li>\n
- Timely provision of audit requirements (external and internal)<\/li>\n<\/ul>\n
Job Requirements<\/strong><\/p>\n\n- A good first degree in Accounting or Banking & Finance<\/li>\n
- Possession of a Postgraduate degree in Accounting\/Business Administration or related field is an added advantage<\/li>\n
- Minimum of 8 years in Audit or core Finance role with at least 3 years in Management capacity.<\/li>\n
- Membership of the ACCA, ICAN, CIS or any other related professional qualification is required.<\/li>\n
- Knowledge of financial reporting and analysis<\/li>\n
- Knowledge and experience of fundraising finance practice<\/li>\n
- Knowledge of capital markets, accounting and business finance<\/li>\n
- Knowledge of relevant Software Application<\/li>\n
- Industry Knowledge<\/li>\n
- Numerical Analysis<\/li>\n
- Knowledge of Financial Analysis & Interpretation and reporting<\/li>\n
- Knowledge of Cash Management Principles<\/li>\n
- Knowledge of banking systems and processes<\/li>\n
- Knowledge of Risk Management<\/li>\n<\/ul>\n<\/div>\n
\n
Closing Date<\/strong>
\n30th April 2021.<\/p>\n<\/div>\n\n
How to Apply<\/strong><\/p>\nInterested and qualified candidates should:
\nClick here to apply online<\/a><\/strong><\/p>\n<\/div>\n","protected":false},"author":1,"featured_media":0,"template":"","meta":{"_promoted":"","_company_name":"Fadac Resources and Services","_job_location":"","_application":"https:\/\/fadacresources.zohorecruit.com\/recruit\/ViewJob.na?digest=N1nn95I8RLzp6NJvjbTifCZhtD1.CyeXr9batp4aMkM-&embedsource=CareerSite","_company_website":"","_filled":0,"_featured":0,"_remote_position":0,"_job_salary_currency":"","_job_salary_unit":"","jetpack_publicize_message":"Treasury Manager at Fadac Resources and Services.","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"job_listing_region":[139],"job-categories":[16],"job-types":[3],"job_listing_tag":[271],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/jobnetworknigeria.com\/wp-json\/wp\/v2\/job-listings\/7450"}],"collection":[{"href":"https:\/\/jobnetworknigeria.com\/wp-json\/wp\/v2\/job-listings"}],"about":[{"href":"https:\/\/jobnetworknigeria.com\/wp-json\/wp\/v2\/types\/job_listing"}],"author":[{"embeddable":true,"href":"https:\/\/jobnetworknigeria.com\/wp-json\/wp\/v2\/users\/1"}],"wp:attachment":[{"href":"https:\/\/jobnetworknigeria.com\/wp-json\/wp\/v2\/media?parent=7450"}],"wp:term":[{"taxonomy":"job_listing_region","embeddable":true,"href":"https:\/\/jobnetworknigeria.com\/wp-json\/wp\/v2\/job_listing_region?post=7450"},{"taxonomy":"job_listing_category","embeddable":true,"href":"https:\/\/jobnetworknigeria.com\/wp-json\/wp\/v2\/job-categories?post=7450"},{"taxonomy":"job_listing_type","embeddable":true,"href":"https:\/\/jobnetworknigeria.com\/wp-json\/wp\/v2\/job-types?post=7450"},{"taxonomy":"job_listing_tag","embeddable":true,"href":"https:\/\/jobnetworknigeria.com\/wp-json\/wp\/v2\/job_listing_tag?post=7450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}