Accountant (Treasury Management) at The Economic Community of West African States (ECOWAS)

The Economic Community of West African States (ECOWAS) is a regional grouping with 15 Member States in West Africa (three landlocked and one island) with a population of about 300million and an annual economic growth rate of around 6%. The ECOWAS Commission is one of the eight Regional Economic Communities supporting the African Union to coordinate the implementation of continental and regional integration and development programmes in the West African region.We are currently seeking to employ suitably qualified candidates to fill the vacant position below:Job Title: Accountant (Treasury Management)Reference: ECW-FIN-REC/P/004/2017Location: ECOWAS Commission, Abuja, NigeriaDepartment: FinanceGrade: P3Supervisor: Principal AccountantDuration: Two years (with extension subject to “Staff Regulation” of the ECOWAS Commission, satisfactory performance and availability of funds)Job ObjectiveReporting directly to the Principal Accountant (Cash & Banks), the Accountant, Treasury Management has responsibility for an efficient and effective management of the Commission’s funds.He should ensure that the Commission’s funds are managed and disbursed in accordance with the Financial Regulation of the ECOWAS Commission.General DescriptionA major responsibility of this position is spent in analysing finances of the Commission and proposing strategies for cost reduction.The Accountant (Treasury Management) oversees the organization’s investments. He also oversees financial operations such as lease financing if any, which includes analysing bid proposals, negotiating bid terms and determining how payments will work.Principal Duties and ResponsibilitiesSupervise the Treasury section and ensure that principles of management and safeguard of funds in the custody of the Commission are carried out in accordance with the Financial Regulations;Implement Accounting Policies and plans that ensure accounting practice in operation responds to adequate control over cash management of the organization;Oversee the preparation of Cash Flow statements to determine periodically, the net cash position of the Commission;Provides cash management and investment skills to help increase short-term and long- term financial value of the Commissions’ funds;Supervise, check and certify the accuracy of Bank reconciliation statements for all the Bank accounts of the Commission and ensure that they are safely filed for both the Internal and External Auditors;Liaise with the Banks and monitor, evaluate, investigate and document everyday financial transactions, and promptly resolve any errors or misstatements found on the Bank statements;Oversee the operation of the Treasury Unit and make proposals on the best form of investment for surplus funds at the level of the Commission;Supervise and ensure that staff working on bank reconciliations are provided with all the logistics necessary to achieve the objective;Take steps to propose changes or improvements to existing financial controls, financial and management reports that would enhance the treasury management system. Partner periodically with the accounting, audit and investment analysis staff to ensure that controls and internal procedures in treasury systems are adequate and operational;Monitor bank charges and income on investments and ensure that these are accurately reflected in the Accounts of the Commission;Carry out periodic surveys and recurrent review of bank charges and interest rates on investments;Represent the Finance Department at inter-departmental and inter-institutional meetings during the absence of the Director of Finance or as and when delegated;Perform other related duties as required. 

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