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mPharma
CLOSEDInternal Control - Contractor
Lagos, Nigeria
Closing: Apr 28, 2024
This position has expiredPublished: Apr 15, 2024 (15 days ago)
Job Requirements
Education:
Work experience:
Language skills:
Job Summary
Contract Type:
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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 Management
- Professional 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
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 Management
- Professional 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.
- 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 / Tasks
Cash & 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 transactions
- Prepare short- and long-term cash flow forecasts including periodic variance analysis
- Assess 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 remittances
- Monitor 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 Figures
- Understand, 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 etc
- Working with account receivable, sales, and customer excellence team to manage the set-up, overview, and operations of all settlement accounts (both domestic and international
- Prepare weekly liquidity report.
- Prepare monthly cash flow report.
- Provide weekly updates of the company credit lines.
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