Treasury Manager Job at Unilever Nigeria Plc

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 Position: Treasury Manager

Job Requisition ID: R-65969
Job 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.
• Identify opportunities for cost savings or increase returns on excess cash.
• Forecast day-to-day cash flow positions, related borrowing needs, and available funds for investment.
• 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.
• Organizing pension trust meetings and briefing the trustees on fund performances, employee engagement etc
• Reviewing the fund performance
• 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
• Customer Development Heads of Units
• Regional Treasury and Tax Teams
• Finance Business Partners
• Financial Control
• Supply Chain Management Team

External:

• Banks
• 3P Outsourced Service Providers

Key Skills & Relevant Experience

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