Recruitment at The Nigerian Stock Exchange
Employment Nigeria
26-May-2017
LAGOS ,
Accounting
The Nigerian Stock Exchange offers listing and trading services, licensing services, market data solutions, ancillary technology services, and more.
POSITION : Team Lead - Treasury
DESCRIPTION
This is a an important back-office role with high control responsibility as the holder is the Exchange’s first line of defence in the process of ensuring the accuracy and integrity of the Exchange’s transactions processing and maintenance of integrity of financial system, also managing the liquidity position of the Exchange.
Responsibilities
- Ensure timely preparation of board reports on the investment and portfolio position on a monthly and quarterly basis
- Prepare confirmation letters for all treasury deals, ensuring that all deals promptly confirmed with counterparties
- Ensure the timely preparation of weekly and monthly cash forecasts
- Ensure that all transactional documents are filed in neat and easily retrievable manner
- Prepare weekly reconciliation of all bank accounts, maintained by The Exchange which includes the investigation of all open items and timely resolution of such items
- Prepare monthly reconciliation of all bank accounts, maintained by The Exchange and its subsidiaries which includes the investigation of all open items and timely resolution of such items
- Develop processes that will achieve significant reduction in account receivables, ensure prompt, billing of all the Exchanges’ customers and payment of vendors according to terms on the purchase Order and the Exchanges approved vendor processing cycle. Evaluate, develop and implement cash management systems to optimize efficiencies and continually explore opportunities to maximize funds and working capital
- Process all transactions involving The Exchange into the relevant business systems (MICROSOFT AX DYNAMICS)
- Ensure that transactions processing are done in line with corporate policies, accounting policies and relevant regulatory/legal pronouncements
- Take active part in the development and/or refinement of investment and accounting policies as it relates to deals and transactions processing
- Continuously collaborate with the Information Technology Team to devise better and more efficient methods for processing of transactions
- Ensure that transactional documentations are complete with all the requisite approvals before such transaction is processed
- Process payment to contractors and suppliers. In addition, he/she must ensure that payments are made within the approved TAT for transactions processing
- Ensure that post-mortem verification of all transactions is conducted daily to ensure that errors and or irregularities are discovered promptly and escalated to the departmental and/or divisional head promptly.
- Develop processes to ensure accounting of all treasury transactions on ERP, compliance with investment policies, regulatory requirements like exchange controls, anti-money laundering, CBN regulations and ensure completeness and accuracy of ledger entries on the financial statement.
- Ensure appropriate treasury operations and credit management policies and procedures and ensure continuous review and update of the unit's policies to align with the departments’ objective on efficiency. Maximization of profitability of assets under management and meeting of set targets from time to time by Management
Qualifications
- Degree with emphasis on Economics, Finance & Accounting or any other numerate courses (sciences and Engineering)
- At least one relevant professional qualifications e.g. ACCA, ACA Minimum of 5-7 years’ work experience in the Capital Market or banking business within Treasury, Treasury operations and/or Financial Control
- Able to build strong partnerships with business and corporate staff, communicate to a wide variety of audiences in clear, understandable language
Functional Competencies:
- Numeric Skills
- Treasury Management
- Microsoft Office Packages
- Analytical Thinking
- Budgeting
- Financial Management
- Financial Reconciliation
Behavioural Competencies:
- Integrity
- Problem Solving
- Time Management
- Accountability
- Attention to Detail
- Change Management
- Innovation
Sorry the application deadline for this job has elapsed
