Treasury Officer

At Sisi HR, we empower organizations to foster collaborative thinking to further drive workplace innovation. Through a network of diversified but highly complementary lines of businesses we have helped some of the most important and exciting organizations in Africa find the critical talent, access cutting edge advice and get innovative support they require to grow in a challenging market.

We are recruiting to fill the position below:

Job Title: Treasury Officer

Location: Nigeria

Job Summary

• Support the day-to-day treasury operations of the Company through effective cash management, payment processing, liquidity monitoring, and treasury administration.
• Prepare cash flow forecasts, bank reconciliations, treasury reports, and funding schedules to support operational and strategic decision-making.
• Ensure timely and accurate processing of treasury transactions and maintenance of treasury records in compliance with approved policies and internal controls.
• Support treasury reporting, banking relationships, liquidity management, and corporate finance activities while maintaining effective segregation of duties within the treasury function.

Principal Duties and Responsibilities
Treasury and Cash Management:

• Maintain and monitor cash inflows and outflows to ensure optimal liquidity and availability of funds for operational requirements.
• Monitor daily cash positions and prepare cash flow forecasts to support effective liquidity management and funding decisions.
• Coordinate payment runs, including vendor payments, payroll, taxes, direct debits, petty cash, and staff advances, ensuring timely processing and settlement.
• Initiate and monitor approved payments in accordance with established mandates, internal controls, and treasury procedures.
• Reconcile bank accounts, investment accounts, and treasury-related balances, investigating and resolving discrepancies promptly.
• Reconcile and maintain the accuracy and completeness of bank ledger balances and related treasury records.
• Ensure all incoming funds are accurately recorded, verified, and applied to the appropriate customer, vendor, or general ledger accounts.
• Maintain effective relationships with banking partners to facilitate efficient transactions, resolve banking issues, and optimize banking services.
• Prepare and provide timely treasury reports on cash positions, liquidity levels, funding requirements, and treasury performance.
• Maintain real-time visibility of cash balances and ensure adequate funding is available to support business operations and strategic initiatives.
• Manage petty cash operations and ensure compliance with approved cash handling policies, procedures, and controls.
• Support investment management, funding activities, and liquidity optimization initiatives in line with the Company's treasury objectives.
• Monitor foreign exchange exposures and interest rate risks, and support the implementation of appropriate risk mitigation strategies.
• Ensure compliance with treasury policies, internal controls, regulatory requirements, and applicable accounting standards.
• Maintain complete, accurate, and up-to-date treasury records and supporting documentation for audit and reporting purposes.
• Support internal and external audit activities by providing treasury schedules, reconciliations, and other required information in a timely manner.

Education and Work Experience

• A Bachelor’s Degree in accounting, finance, economics or business-related fields
• Relevant professional certifications and membership (e.g., ACA, ACCA, or any other relevant professional body)

Competency and Skill Requirement:

• Good knowledge of financial and accounting principles, including IFRS and financial reporting standards
• Strong working knowledge of treasury operations, cash management principles, processes, and best practices.
• Working knowledge of banking operations and reconciliation processes
•  Good understanding and hands-on experience with treasury management and ERP systems (e.g., Odoo, Microsoft Dynamics, QuickBooks, Sage, etc.).
• Proficiency in Microsoft Office tools
• Ability to identify basic financial risks and support mitigation strategies
• Knowledge of internal controls and ability to support audit processes in treasury operations
• Strong attention to detail
• Analytical and problem-solving skills
• Good interpersonal and communication skills
• Ability to manage multiple tasks and meet deadlines under pressure
• High sense of responsibility, accountability, integrity, and ethical standards
• Willingness to learn and develop within treasury and corporate finance functions