Treasury Assistant Needed at British American Tobacco

Our client is recruiting qualified candidates to fill the vacancy in their establishment, Interested candidates should please go through the requirements and responsibilities of this job before applying.


British American Tobacco is a leading tobacco group, with brands sold in more than 200 markets. We employ more than 57,000 people and, with over 200 brands in our portfolio, we make the cigarette chosen by one in eight of the world’s one billion adult smokers. We hold robust market positions in each of our four regions – Americas; Asia-Pacific; Eastern Europe, Middle East and Africa; and Western Europe – and we are leaders in more than 60 markets. Our approach to marketing is second to none in our industry, in brand building, innovation and responsibility. Our companies adhere strictly to the high standards of our voluntary marketing principles. We play a significant role in local communities around the world. In many countries we are a top employer and the company of choice for people in all areas of our business. We have 46 cigarette factories in 41 countries.

Job Title
Treasury Assistant

Job purpose
 
The job holder will proactively support to execute Treasury & Cash Management processes such as, cash management, Import, Foreign exchange transactions management, Insurance risk management, credit facilities, and banking relationships.


Principal Accountability

Business/Operational Results
  • Provide proactive support (within the global treasury strategy framework) in order to implement opportunities for enhancing treasury effectiveness and to assist teams in delivering the global Treasury strategy.
  • Execute treasury management activities following agreed global standard processes and frameworks
  • Effective monitoring of cash status in all BATN Group banks to ensure compliance with mandates and counterparty limits.
  • Effective monitoring of all trade transactions to ensure payments are made timely and proper ledger posting of the transactions.
  • Ensure that discrepancies in documentation by suppliers are sorted out quickly to facilitate supplier payment.
  • Efficient allocation of transactions and receipts across banks.
  • Effective Foreign exchange bids at inter-bank and export proceeds utilisation.
  • Identify opportunities and implement for continuous improvement with regard to treasury management processes and systems.
Leadership Results
  • Ensure that employees are aware of regulations governing foreign exchange and other transactions.
  • Ensure Treasury operating procedures and control systems are implemented throughout the company.
Management Results
  • Timely and accurate maintenance of the LC & Bills tracker.
  • Timely preparation of monthly clearing journals to GL and other reports.
Relationships Results
  • Effectively interface with other finance functions (including AP, GL, and Marketing Finance) to achieve targets and accurate reporting.
  • Effective relationship with banks to achieve competitive costs, support and improved services.
Business context
  • The Treasury Assistant will work with and report directly to the Treasury Executive.
  • The Treasury Executive will add value by driving innovative solutions that support Treasury operations.
Innovation Results (Internal & External)
  • Play a lead role in the periodic review of treasury manual and other policies.
  • Drive the pooling initiative
Relationships
External
  • Banks
  • CBN
  • NOTAP
Internal
  • Financial Accounting
  • Operations Finance
  • Finance shared service centre – Collaborate closely with FSC to deliver effective treasury services.
  • Supply Chain- Collaborate closely with Supply Chain Team in ensuring FX transaction documentation and OTIF settlement of foreign vendors.
  • All employees requiring foreign exchange allowable by the CBN
  • Treasury Manager

Knowledge, Skills & Experience

  • Degree educated
  • Minimum 1-5 years’ experience in an FMCG or similar environment
  • Thorough understanding of Accounting principles

Job location
Lagos

Application Closing Date
5 October, 2016

How to apply
Interested candidates should

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