Job Vacancy: Treasury Manager, Nigeria

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Job Vacancy: Job title: Treasury Manager, Nigeria

Job description: Unilever is currently hiring for Treasury Manager, Nigeria

Function: Finance

Reports to: National Finance Director

Scope: Nigeria

Location: Lagos, Nigeria

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Terms & Conditions: Full-time

ABOUT UNILEVER

With 3.4 billion people in over 190 countries using our products every day, Unilever is a business that makes a real impact on the world. Work on brands that are loved and improve the lives of our consumers and the communities around us. We are driven by our purpose: to make sustainable living commonplace, and it is our belief that doing business the right way drives superior performance. At the heart of what we do is our people – we believe that when our people work with purpose, we will create a better business and a better world.

At Unilever, your career will be a unique journey, grounded in our inclusive, collaborative, and flexible working environment. We don’t believe in the ‘one size fits all’ approach and instead we will equip you with the tools you need to shape your own future.

JOB PURPOSE

Unilever is the place where you can bring your purpose to life with the work that you do – creating a better business and a better world. If you are passionate about managing Effective Liquidity, foreign exchange and commodity backroom operations management are critical to ensure the safeguard of Unilever’s financial assets, then this role is just for you!

This role is involved in the Treasury operations for Unilever Nigeria and the role is to oversee the day-to-day Treasury and commodity hedging operations and be the lead for upcoming Treasury projects. The role will also oversee the management of the Pension funds for the Business as well as the insurance activities for the Business and its assets. The role will also be focusing on managing the Liquidity and Foreign exchange requirements for the business in addition to running the back-office operations in addition to managing and maximizing the Tax liabilities for the Business.

WHAT WILL YOUR MAIN RESPONSIBILITIES BE

Banking

• Lead and work with Regional / Global Treasury to ensure adequate facilities are available to meet existing and future business funds requirements.
• Develop and maintain effective operational network with key Banks/Financial Institutions to ensure smooth operations and harness opportunities.
• Responsible for administering role for Bank related systems.

• Co-ordinate and ensure documentation in place to transact with Banks (facilities letter, documentation, director’s resolution etc).

Financial Accounting

• Ensure accurate and timely internal reporting for both statutory and internal reporting of the Treasury function. These include:

• Managing Capgemini (offshore Accounts team) for Treasury outsourced activities.
• Reviewing journals on Interest charges, bank charges, Unilever Finance International (UFI) sweep and fund transactions, Loans, FX differences arising out of settled FX contracts, settlement of payments and collections, revaluation & mark to market on open FX contracts.
• Analysing and ensuring timely completion of Treasury reports (FX exposures, currency trends, Cash Forecast, actual cash flows; hedging requirements).

Liquidity Management

• Ensure Unilever’s financial assets are safe guarded with proper planning of short-, medium- and long-term cash requirements. This includes funding requirements and maximizing long term returns on excess liquidity.
• Forecast day-to-day cash flow positions, related borrowing needs, and available funds for investment.
• Identify opportunities for cost savings or increase returns on excess cash.
• Reviews company’s cash forecast and performs an analysis on the projected vs. reported cash holdings.

Exposures management

• Mitigates financial risks related to the interest rates on the foreign exchange positions.
• Propose Forex strategies and exposure limits incorporating market insights on Forex trends into hedging decisions.
• Design and implement full end to end (process design, systems, accounting treatments) solutions for back-office operations on new commodities, instruments, and regions. 5. Governance, Compliance & Documentation.
• Maintains policies and procedures that impose an adequate level of control over treasury operations.
• Ensures all transactions are completed in accordance with the Schedule of Authorities and are properly documented.
• Responsible for the Treasury Policy compliance and observing Forex limits.
• Establish and report treasury KPIs.

Investment sub-committee and Pension Trust Fund governance

• Deciding on the right funds in which employees can invest in.
• Reviewing the fund performance.
• Organising pension trust meetings and briefing the trustees on fund performances, employee engagement etc.
• Relationship management with administrator and custodian

Commodity Risk Management

• Stabilising the existing back-office operations and setup new commodities for the back-office operations. Ensure compliance and controls are in placed in the back-office operations.

WHAT YOU NEED TO SUCCEED

Experiences & Qualifications

• Graduate Degree with CIMA/ACCA/ICAN certification.
• Financial Management.
• Tax Accounting Treasury Management.
• Minimum of 7 years work experience with at least 2 spent as a team lead.

Skills

• Strong SAP Knowledge.
• Strong Excel spreadsheet skills.
• Confident communication.

Leadership

• You are energized by delivering fantastic results. You are an example to others – both your results and your resilience. You are constantly on the lookout for better ways to do things, engaging and collaborating with others along the way.
• As an individual you are the one responsible for your own wellbeing and delivering high standards of work. You must also focus on the Consumer and what they need. You are humble and have your head up, looking around to interpret evidence and data smartly, spot issues and opportunities to make things better.

• Critical SOL (Standards of Leadership) Behaviours

• PASSION FOR HIGH PERFORMANCE: Takes personal responsibility and accountability for execution and results. Has an owner’s mindset, using data and insight to make decisions.
• PERSONAL MASTERY: Sets high standards for themselves. Actively builds own wellbeing and resilience.
• CONSUMER LOVE: Whatever their role, always looks for better ways to serve consumers. Invests time inside and outside to understand the needs of consumers.
• PURPOSE & SERVICE: Has humility, understanding that leadership is service to others, inside and outside Unilever.
• AGILITY: Explores the world around them, continually learning and developing their skills.

Unilever embraces diversity and encourages applicants from all walks of life! This means giving full and fair consideration to all applicants and continuing development of all employees regardless of age, disability, gender reassignment, race, religion or belief, sex, sexual orientation, marriage and civil partnership, and pregnancy and maternity.

Unilever is an organisation committed to equity, inclusion and diversity to drive our business results and create a better future, every day, for our diverse employees, global consumers, partners, and communities. We believe a diverse workforce allows us to match our growth ambitions and drive inclusion across the business. At Unilever we are interested in every individual bringing their ‘Whole Self’ to work and this includes you! Thus if you require any support or access requirements, we encourage you to advise us at the time of your application so that we can support you through your recruitment journey.

Location: Lagos, Lagos State

Job date: Sun, 18 Feb 2024 08:51:03 GMT

Apply for the job now!