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Head Of Group Treasury

location Nigeria
time Contract
applications 0 Applications

JAGAL Group is recruiting for fulltime Head Of Group Treasury. JOB DETAILS Purpose/Role To provide appropriate liquidity management across the Jagal Group, manage existing facilities and identify necessary financial instruments to meet future financing needs To manage and lead on the external and internal treasury relationships Work closely with GCFO and Head of Financial Planning to ensure effectiveness of cash flow planning and management To ensure proper governance and group wide adherence and compliance to Treasury Policies Key Aims and Objectives To ensure all business units in the group has adequate liquidity in place, at the right time and on cost effective terms. Prime Responsibilities and Duties Liquidity: Financing activity for the group - Establishing and renewing adequate financing for the Jagal group. Renew and raising new debt Restructure all current facilities with moratorium where applicable. Support the GCFO with new funding strategy Cash Flow: Participate in weekly cash flow reviews at HQ and business units to understand impact on facilities and the need for new financing Cost of Funding: Complete forensic audit review of all bank charges and seek recovery where over charging has occurred Review all new financial documents, financial covenants prior to signing by the JEC and negotiate all pricing Review and monitor all bank charges, interest and fees across the business (in conjunction with the finance leads) Reporting: Prepare weekly report and insights on latest bank status publish monthly to JEC Corporate Governance: Issue and update Group Treasury Policy as required Drive compliance of the treasury policy in conjunction with the respective business unit finance leads. Review and update the value of the Security trust as required Bank account management -Opening new accounts and closing bank accounts with key relationship banks. Accessing counter party risk - through regular assessment of credit risk profile of the companies or financial institutions. Bank Relationship: Build and maintain relevant senior /middle level banking relationship with the banks. External Market: Maintain up to date knowledge and insight on all liquidity matters including Lenders, national, regional and global market rates, finance and trade solutions etc. Other: Electronic banking ensure all business adopt on-line systems Investing surplus cash call deposit, short term deposit and treasury bills. Monitoring of facilities across the group, compliance with the terms of the facilities etc. Conduct sale and purchase of US$ - jointly with the business units. JOB REQUIREMENTS MIN REQUIRED EXPERIENCE: 10 year(s) MIN QUALIFICATION: Not Specified DESIRED COURSES: Not Specified OTHER REQUIREMENTS: Requirements Technical Skills: 10 years of banking experience and Head of Treasury in a commercial environment ACT Association of Corporate Treasurers (desirable) Deep knowledge of CBN and other relevant regulations and guidelines Strong technical awareness, knowledge of cash management principles Proficient in reviewing and assessing cash flow plans and statements Understanding of FX transaction and translation implications Personal Skills: High sense of integrity and comfortable working with executive management Strong interpersonal skills and excellent communicator (verbal and written) Strong business acumen with ability to take a strategic viewpoint but with high attention to detail Good leadership skills with ability to work under pressure Ability to ensure decisions are taken and followed up



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