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    Home»Jobs Near Me»Treasury Manager at Unilever Nigeria Plc
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    Treasury Manager at Unilever Nigeria Plc

    By Jobs In Nigeria NowOctober 10, 2023No Comments4 Mins Read
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    Unilever Nigeria Plc – Welcome to Unilever, a global multinational and fast-moving consumer goods (FMCG) company with products sold in over 190 countries and more than 2 billion consumers across the world who use our amazing products everyday!

    We are recruiting to fill the position below:

    Job Title: Treasury Manager

    Job Requisition ID: R-65969
    Location: Lagos
    Job Type: Full time

    Business Context and Main Purpose of Job

    • Effective Liquidity, foreign exchange and commodity backroom operations management are critical to ensure the safeguard of Unilever’s financial assets.
    • 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.

    Main Accountabilities
    Banking:

    • Lead and work with Regional / Global Treasury to ensure adequate facilities are available to meet existing and future business funds requirements.
    • Co-ordinate documentary credits with the banks
    • Develop and maintain effective operational network with key Banks/Financial Institutions to ensure smooth operations and harness opportunities.
    • Responsible to administer 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 and Trade Loan reconciliation).

    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.

    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
    • Organizing pension trust meetings and briefing the trustees on fund performances, employee engagement etc
    • Relationship management with administrator and custodian

    Commodity Risk Management:

    • Stabilizing 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.

    Key Interfaces
    Internal:

    • Functional Directors
    • Finance Business Partners
    • Financial Control
    • Customer Development Heads of Units
    • Regional Treasury and Tax Teams
    • Supply Chain Management Team

    External:

    • Banks
    • 3P Outsourced Service Providers

    Key Skills & Relevant Experience

    • 7- 10 years’ work experience in Financial Management, Tax Accounting and Treasury Management with at least 2 years spent in leading teams.
    • Strong SAP Knowledge & Excel spreadsheet skills
    • Must be CIMA/ACCA/ICAN certified.
    • Confident communication and stakeholder management skills.

    Application Closing Date
    Not Specified.

    How to Apply
    Interested and qualified candidates should:
    Click here to apply online

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