Treasury Manager at Ascentech Services Limited Full Time

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: [email protected] using the Job Title as the subject of the mail.