Minimum Educational Qualification: B.Sc./HND in Accounting or Banking and Finance.
Professional Certification (ACA, ACCA, or CIMA) is mandatory.
Minimum Relevant Work Experience: Minimum 5 years’ post-NYSC experience in Treasury Operations.
Position Summary
We are Nestlé Nigeria Plc. and are proud to be the largest operating market of Nestlé Central West Africa Region.
Our passionate, collaborative, and entrepreneurial-minded team work together to achieve our objectives while
fostering an atmosphere that promotes individual growth, wellness, and inclusiveness.
Nestlé Nigeria is currently looking to fill the role of Treasury Officer, who will be responsible
for supporting the Treasury department in ensuring that banking operations & reports relating to trade, staff,
NBS & Nestlé Treasury Centre are promptly and effectively achieved within agreed timelines and in compliance with
local financial regulations and standards.
A Day in the Life of the Treasury Officer:
Bank Charges and NFC
Perform daily checks on bank charges and net finance cost, create visibility on evolution, identify opportunities
for optimization, and take necessary actions.
Track the lifecycle of all Letters of Credit, identify opportunities for financing cost optimization, and control.
Prepare the Import Finance Facility Report to provide visibility on trade loan exposure and limits by bank.
Banking Relationship with Respect to Facility
Manage bank facilities in line with business needs and at the least cost possible.
Benchmark the total business of Nestlé Nigeria across the banks and trigger constructive engagement to reduce costs.
Supervise all kinds of bank guarantees.
Balance Sheet Integrity
Enhance Balance Sheet integrity by ensuring no aged items in Bank Reconciliation.
Perform reconciliation of forward contracts with GL and trigger relevant actions.
Cash Management
Support cash management by maintaining accurate and timely Daily Cash Forecast to meet business needs.
Provide a 3-month rolling cash forecast for working capital management.
Manage petty cash replenishment, disbursement, reconciliation, and reporting.
PEC for Treasury and Reporting
Review Treasury Report to ensure alignment with banks' report and SAP.
Maintain an activity calendar for Period End Closing and lead the process.
Prepare material allocation for exchange differences arising from FX purchases.
What Will Make You Successful?
Behavioural Competencies
Assertiveness in communication: Ability to articulate the value added by finance and their
specific role within the organization.
Interpersonal relationship skills: Proven ability to build strong relationships across different
teams and departments.
Educational Qualifications
B.Sc./HND in Accounting or Banking and Finance.
Professional Certification (ACA, ACCA, or CIMA) is mandatory.
Professional Experience
Minimum 5 years’ post-NYSC experience in Treasury Operations.
Preferred banking experience: Sales of treasury products such as fixed deposits, bonds, foreign exchange, and trade operations.
Treasury accounting: Proficiency in preparing cash flow statements, liquidity management, and managing facility agreements with banks.
Experience in other roles within or outside the finance function, such as supply chain management (SCM) or sales, would be advantageous.
Previous achievement: Demonstrated track record of successful projects and proactive identification of opportunities.
We Offer:
Interesting and challenging work in an international company – a branch of a worldwide and well-recognized FMCG concern.
Possibility to work in a dynamic team of professionals and leaders.
Opportunity to work with challenging projects and responsible tasks.
An atmosphere full of respect, professionalism, and excitement.
Possibility of development and career advancement.