Head of Group Treasury at JAGAL Group

 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 TreasuryLocation: LagosPurpose/RoleTo provide appropriate liquidity management across the Jagal Group, manage existing facilities and identify necessary financial instruments to meet future financing needsTo manage and lead on the external and internal treasury relationshipsWork closely with GCFO and Head of Financial Planning to ensure effectiveness of cash flow planning and managementTo ensure proper governance and group wide adherence and compliance to Treasury PoliciesKey Aims and ObjectivesTo ensure all business units in the group has adequate liquidity in place, at the right time and on cost effective terms.Prime Responsibilities and DutiesLiquidity:Financing activity for the group - Establishing and renewing adequate financing for the Jagal group.Renew and raising new debtRestructure all current facilities with moratorium where applicable.Support the GCFO with new funding strategyCash Flow:Participate in weekly cash flow reviews at HQ and business units to understand impact on facilities and the need for new financingCost of Funding:Complete forensic audit review of all bank charges and seek recovery where over charging has occurredReview all new financial documents, financial covenants prior to signing by the JEC and negotiate all pricingReview 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 JECCorporate Governance:Issue and update Group Treasury Policy as requiredDrive compliance of the treasury policy in conjunction with the respective business unit finance leads.Review and update the value of the Security trust as requiredBank 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.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 systemsInvesting 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. 

Apply at https://ngcareers.com/job/2019-04/head-of-group-treasury-at-jagal-group-382/