Job Recruitment at JAGAL Group For Head of Group Treasury

Company Description:

Jagal is a Nigerian conglomerate holding that operates leading energy businesses and manages a diverse portfolio of investments. By cultivating leadership and developing a culture of excellence, Jagal is dedicated to empowering people and building strategic partnerships that aim to achieve sustainable growth for the advancement of the Nigerian community.

We are recruiting to fill the position below:

Job Title: Head of Group Treasury

Location: Lagos

Purpose/Role

• Work closely with GCFO and Head of Financial Planning to ensure effectiveness of cash flow planning and management
• To ensure proper governance and group wide adherence and compliance to Treasury Policies
• To provide appropriate liquidity management across the Jagal Group, manage existing facilities and identify necessary financial instruments to meet future financing needs
• To manage and lead on the external and internal treasury relationships

Key Aims and Objectives

• To ensure all business units in the group has adequate liquidity in place, at the right time and on cost effective terms.

Prime Responsibilities and Duties
Liquidity:

• Renew and raising new debt
• Restructure all current facilities with moratorium where applicable.
• Financing activity for the group - Establishing and renewing adequate financing for the Jagal group.
• Support the GCFO with new funding strategy

Cash Flow:

• Participate in weekly cash flow reviews at HQ and business units to understand impact on facilities and the need for new financing

Cost of Funding:

• Review all new financial documents, financial covenants prior to signing by the JEC and negotiate all pricing
• Complete forensic audit review of all bank charges and seek recovery where over charging has occurred
• Review and monitor all bank charges, interest and fees across the business (in conjunction with the finance leads)

Reporting:

• Prepare weekly report and insights on latest bank status – publish monthly to JEC

Corporate Governance:

• Bank account management -Opening new accounts and closing bank accounts with key relationship banks.
• Accessing counter party risk - through regular assessment of credit risk profile of the companies or financial institutions.
• Issue and update Group Treasury Policy as required
• Drive compliance of the treasury policy in conjunction with the respective business unit finance leads.
• Review and update the value of the Security trust as required

Bank Relationship:

• Build and maintain relevant senior /middle level banking relationship with the banks.

External Market:

• Maintain up to date knowledge and insight on all liquidity matters including Lenders, national, regional and global market rates, finance and trade solutions etc.

Other:

• Electronic banking – ensure all business adopt on-line systems
• Investing surplus cash – call deposit, short term deposit and treasury bills.
• Monitoring of facilities across the group, compliance with the terms of the facilities etc.
• Conduct sale and purchase of US$ - jointly with the business units.

Requirements
Technical Skills:

• 10 years of banking experience and Head of Treasury in a commercial environment
• ACT – Association of Corporate Treasurers (desirable)
• Deep knowledge of CBN and other relevant regulations and guidelines
• Strong technical awareness, knowledge of cash management principles
• Proficient in reviewing and assessing cash flow plans and statements
• Understanding of FX transaction and translation implications

Personal Skills:

• Strong business acumen with ability to take a strategic viewpoint but with high attention to detail
• Good leadership skills with ability to work under pressure
• High sense of integrity and comfortable working with executive management
• Strong interpersonal skills and excellent communicator (verbal and written)
• Ability to ensure decisions are taken and followed up

Job Application Deadline: Not Specified.

Method of Application: Interested and qualified candidates should:
Click here to apply online