Unilever Nigeria Plc, a subsidiary of the global consumer goods giant Unilever, is a leading manufacturer and marketer of food, home care, and personal care products. Known for iconic brands like Close-Up, Omo, Knorr, and Lipton, Unilever has been a household name in Nigeria for decades.
The Treasury Manager plays a critical role in the finance department at Unilever Nigeria Plc, ensuring optimal liquidity, managing cash flow, mitigating financial risks, and maintaining strong banking relationships. This role is integral to the company’s financial health, especially in a dynamic and evolving economic environment like Nigeria’s.
Key Responsibilities
The Treasury Manager is responsible for:
Cash Flow Management: Monitoring and managing the company’s daily cash position to ensure liquidity.
Banking Relationships: Maintaining and negotiating relationships with banking institutions to secure favorable terms.
Treasury Operations: Managing payments, receipts, intercompany loans, and treasury accounting.
Risk Management: Identifying and mitigating financial risks such as currency and interest rate exposures.
Investment Management: Ensuring surplus cash is invested wisely to generate returns without compromising safety.
Compliance: Ensuring all treasury activities align with internal policies, regulatory requirements, and global financial standards.
Reporting: Preparing treasury reports and forecasts to aid management in decision-making.
Qualifications & Skills
To qualify as a Treasury Manager at Unilever Nigeria Plc, a candidate typically needs:
A degree in Accounting, Finance, Economics, or a related field.
Professional certification such as ACA, ACCA, or CFA is an added advantage.
5+ years of relevant experience in treasury or corporate finance roles.
In-depth understanding of banking operations, financial markets, and risk management.
Strong analytical, communication, and leadership skills.
Proficiency in financial software and ERP systems like SAP.
Impact of the Role
The Treasury Manager contributes to Unilever’s overall performance by:
Ensuring the company always has sufficient cash for operations and investments.
Reducing financial risks and enhancing capital efficiency.
Helping the company adapt to foreign exchange volatility and inflationary pressures.
Supporting strategic decisions with financial insights and forecasts.
Career Development
At Unilever, career development is prioritized. A Treasury Manager can transition into higher leadership roles such as:
Finance Director
Chief Financial Officer (CFO)
Regional Treasury Lead (Africa or Global roles)
Unilever provides training, mentorship, and international exposure to help finance professionals grow their careers.
Frequently Asked Questions (FAQs)
What does a Treasury Manager do at Unilever Nigeria Plc?
A Treasury Manager at Unilever manages liquidity, oversees cash flow, maintains banking relationships, and handles financial risk, ensuring the company’s financial stability.
What qualifications are required for this role?
A bachelor’s degree in Finance, Accounting, or a related field is essential. Professional certifications like ACA, ACCA, or CFA are preferred, along with relevant work experience.
How does the Treasury Manager interact with other departments?
The Treasury Manager collaborates closely with accounting, procurement, and strategic planning departments to align cash flow with operational needs and strategic goals.
Is this role suitable for career advancement?
Yes, the Treasury Manager role is a springboard for higher finance positions within Unilever and in the broader corporate finance industry.
Does Unilever offer any training for Treasury Managers?
Yes, Unilever invests in continuous professional development through global training programs, on-the-job mentoring, and cross-functional assignments.
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