Ascentech Services Limited is a full-fledged Human Resource Solution Provider incorporated in 2013 with its Head Office in Lagos, Nigeria. We are committed to forging long-term partnerships with our clients by creating and delivering robust and flexible services that address the changing needs of their business.
We are recruiting to fill the position below:
Job Title: Treasury Manager
Location: Ikeja, Lagos
Employment Type: Full-time
Job Summary
- The Treasury Manager is responsible for overseeing the organization’s treasury functions, including managing cash flow, foreign exchange (FX) procurement, and banking relationships. The role involves expertise in Form M processes, handling letters of credit, ensuring compliance with tax regulations, and optimizing the company’s financial resources.
Job Responsibilities
- Manage daily cash flow to ensure adequate liquidity for operations and investments.
- Oversee the preparation, submission, and tracking of Form M for import-related transactions, ensuring compliance with regulatory requirements.
- Monitor foreign exchange (FX) exposure and execute procurement strategies to mitigate risks and optimize costs.
- Manage banking relationships and negotiate favorable terms for loans, credit lines, and other banking services.
- Handle the issuance, amendment, and settlement of letters of credit (LCs), ensuring timely delivery and compliance with terms.
- Collaborate with procurement and logistics teams to facilitate seamless trade transactions.
- Ensure compliance with international trade regulations and local banking laws.
- Collaborate with the tax team to ensure accurate withholding, VAT, and corporate tax compliance in treasury operations.
- Provide tax-related inputs for financial transactions and advise on tax-efficient structures.
- Develop and implement strategies to minimize financial risks, including FX, interest rate, and credit risks.
- Monitor regulatory changes affecting treasury operations and ensure compliance with all legal and statutory requirements.
- Prepare and present periodic treasury reports, including cash flow forecasts, FX exposure analysis, and investment performance.
- Provide insights and recommendations to senior management to improve financial performance and efficiency.
Job Qualifications
- Bachelor’s degree in Finance, Accounting, Economics, or a related field.
- Professional certifications (e.g., CFA, ACT, ACA, ACCA) are highly desirable.
- Minimum of 5–7 years of experience in treasury management, with expertise in Form M, FX procurement, and trade finance.
- Proven experience in managing letters of credit and tax compliance.
Skills:
- Strong knowledge of Form M processes and import/export documentation.
- Proficiency in foreign exchange procurement and understanding of currency markets.
- Deep understanding of letters of credit and other trade finance instruments.
- Knowledge of tax regulations, including VAT, withholding tax, and corporate tax.
- Advanced analytical and financial modeling skills.
- Strong negotiation and relationship management abilities.
- Proficiency in treasury management systems and ERP platforms (e.g., SAP, Oracle).
Salary Budget
N500,000 – N600,000 per month.
Application Closing Date
Not Specified.
Method of Application
Interested and qualified candidates should send their CV to: cv@ascentech.com.ng using the Job Title as the subject of the mail.