Diageo Nigeria - Treasury Operations Manager

External Job Title              Treasury Operations Manager

AutoReqId          34519BR

Function              Commercial

Type of Job         Full Time - Exempt

Country                Nigeria

External Job Description       

       

  Job Title:                          Treasury Operations Manager

  Level:                                L5 (M1)

  Reports To:                     Treasurer

Context

The Treasury Operations Manager will provide expertise support in the management of treasury operations to ensure proper utilisation of the Company’s liquid resources, maximise returns and eliminate exposure to financial loss. He / she will be responsible for proper cash management and keeping proper treasury ledgers. The incumbent must be abreast of financial activities within the environment and its impact on Guinness Nigeria as well as closely monitoring and maintaining our banking relationships.

Purpose of Role

The Treasury Operations Manager is required to play a significant role in the sub regional market to         ensure that the functional/ business agendas are closely aligned in terms of cash flow planning and initiatives. The Treasury Operations Manager is also required to support in the implementation of Controls Assurance and Risk Management (CARM) controls on Order to Cash and Treasury activities.

Top Accountabilities

·         Execute day-to-day cash management and ensure they are done in line with Company objectives

·         Harmonisation of the treasury operations with other units within the Finance function for end-to-end overview of cash performance

·         First level direct interface with financial institutions for relationship management

·         Management of bank facilities to ensure adequate funding of working capital requirement

·         Negotiating loans and overdraft terms with Relationship Banks

·         Invest surplus cash in stable banks, maximise returns and minimize credit / default risks

·         Balance sheet and cash flow management

·         Influencing decisions on Company finances e.g. funding of Company’s operation etc

·         Management of credit facilities to customers to support volume agenda

·         Management of export process and receipt of export expansion grants from the export council

·         Ensuring monthly provision for accruals on medium term loan interest, export grants e.t.c.

·         Manage the prompt payment of Royalties, Technical Service Fee (TSF) and dividends and the associated Withholding Tax

·         Ensure that all Foreign Exchange transactions comply with regulatory requirements

·         Ensure that authority schedules are adhered to for all treasury transactions

·         Periodic report on controllable cash flow and Business Performance Cash Report

Skills, Qualifications and Experience Required:

·         Graduate caliber with a minimum of 5 years relevant post qualification experience

·         Professional membership of a recognized professional Accounting body

·         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

·         Proven Integrity

·         Sound IT knowledge in the use of outlook (Excel, word and power point).

·         Working knowledge in accounting package-SAP (All modules) including vision

·         Excellent communication skill

Barriers to Success in Role

·         Inability to lead the relationship with preferred banks for the benefit of Guinness Nigeria Plc.

·         Lack of Management support for initiatives/ recommendations

·         Lack of clear understanding of government regulations and requirements on treasury operations in a multinational organization like Guinness Nigeria Plc

Work Location

Lagos Based with limited travels

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