Tuesday, October 23, 2012

Treasury Operations Manager at Guiness Nigeria Plc

Guiness Nigeria Plc - We are Guinness Nigeria, member of Diageo Plc the world's leading premium drinks business with an unrivalled collection of beverage alcohol & non-alcohol brands across the Spirits, Wine & Beer categories.

Diageo is the world's leading premium drinks business with an outstanding collection of beverage alcohol brands across spirits, beer and wine.We are continuously interested in talented individuals who want to progress their careers and make a difference to our business.

Job Title: Treasury Operations Manager

Location: Lagos

AutoReqId: 34519BR

Reports To: Treasurer

Job Descripion
The Treasury Operations Manager will provide expertise support in the management of treasury operations to ensure proper utilisation of the Company’s liquid resources, maximise returns and eliminate exposure to financial loss. He / she will be responsible for proper cash management and keeping proper treasury ledgers. The incumbent must be abreast of financial activities within the environment and its impact on Guinness Nigeria as well as closely monitoring and maintaining our banking relationships.

Purpose of Role
The Treasury Operations Manager is required to play a significant role in the sub regional market to ensure that the functional/ business agendas are closely aligned in terms of cash flow planning and initiatives. The Treasury Operations Manager is also required to support in the implementation of Controls Assurance and Risk Management (CARM) controls on Order to Cash and Treasury activities.

Top Accountabilities

    Execute day-to-day cash management and ensure they are done in line with Company objectives
    Harmonisation of the treasury operations with other units within the Finance function for end-to-end overview of cash performance
    First level direct interface with financial institutions for relationship management
    Management of bank facilities to ensure adequate funding of working capital requirement
    Negotiating loans and overdraft terms with Relationship Banks
    Invest surplus cash in stable banks, maximise returns and minimize credit / default risks
    Balance sheet and cash flow management
    Infuencing decisions on Company finances e.g. funding of Company’s operation etc
    Management of credit facilities to customers to support volume agenda
    Management of export process and receipt of export expansion grants from the export council
    Ensuring monthly provision for accruals on medium term loan interest, export grants e.t.c.
    Manage the prompt payment of Royalties, Technical Service Fee (TSF) and dividends and the associated Withholding Tax
    Ensure that all Foreign Exchange transactions comply with regulatory requirements
    Ensure that authority schedules are adhered to for all treasury transactions
    Periodic report on controllable cash flow and Business Performance Cash Report


    Graduate caliber with a minimum of 5 years relevant post qualification experience
    Professional membership of a recognized professional Accounting body
    Ability to take commercial insights and translate into the Organisation & People Agenda
    Proven ability to facilitate, persuade, influence and build credibility with all levels and all functions

    Analytical, interpretative and decision-making skills
    Excellent coaching and relationship building skills
    Proven Integrity
    Sound IT knowledge in the use of outlook (Excel, word and power point).
    Working knowledge in accounting package-SAP (All modules) including vision
    Excellent communication skill

Barriers to Success in Role

    Inability to lead the relationship with preferred banks for the benefit of Guinness Nigeria Plc.
    Lack of Management support for initiatives/ recommendations
    Lack of clear understanding of government regulations and requirements on treasury operations in a multinational organization like Guinness Nigeria Plc.

Application Closing Date
31 October, 2012

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