Group Treasurer

Description An E&P Company in Lagos, Nigeria is currently recruiting an Oil Group Treasurer.

Objectives:
• To adequately manage the Balance Sheet of the entire organisation such that assets are fully utilized but are not at risk. He/ she will ensure the optimal deployment of the resources and the adequate funding of all projects and working capital.



The responsibilities of this position include but are not limited to the following:
• Set Policies and Objectives for Treasury Management within the Group
• Ensure that efficient and best practice treasury processes are implemented and monitored.
• Ensure the implementation of a Treasury Management system (software) which meets the needs of the Group.
• Build a competent Treasury Team; train treasury staff.
• Maintain good working relationships with financial institutions and all Financial Regulatory bodies.
• Ensure all financial transactions fall within legal limits.
• Ensure that all relevant returns as required by law are prepared and submitted within the stipulated time frame.
• Work with management to determine the appropriate capital structure for each company within the Group and ensure this structure is implemented and maintained.
• Ensure funding requirements for all projects/ assets are met and all loans structured in the most cost effective manner at the minimum level of risk and in line with budgetary requirements.
• Ensure adequate working capital provision.
• Generate income on the company’s assets using sophisticated treasury products.
• Ensure efficient and effective cash management Group wide.
• Constantly work to reduce the cost of borrowing to the Group as a whole.
• Ensure the mitigation of all types of risk to the Groups financial assets.
• Safe guard the Group’s Balance Sheet.
Skills • University graduate with minimum of 12 years work experience at least 5 of which should have be in treasury or related services.
• Professional accounting/finance qualification.
• Capital Market exposure.
Remarks Reports to Chief Financial Officer.

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