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12 Mar 2019

Full-time ARM Life Plc: Senior Treasury Associate Recruitment

Nigeria Job bucket Staff Anywhere

Job Description

ARM is a leading group of companies situated in Nigeria with branches scattered across the country. ARM Life is the insurance subsidiary of Asset & Resource Management Company Ltd (ARM). Its parent company, ARM is one of the largest non bank financial services firms in Nigeria with a focus on asset management of quoted equities and fixed income securities.

The Job : Senior Treasury Associate

Job Status: Full Time Job,Graduate/Exp

Remuneration: Attractive,

Location: Nigeria

Job Profile

  • Ensure adequate liquidity is available to meet strategic objectives and financial obligations
  • Oversee cash management banking and financial institution relationships. Negotiate bank and service fees. Implement new bank technologies, products and services to improve cash cycle and simplify company operations.
  • Manage the disbursement and collection process to and from country offices
  • Minimise the cost of capital for the company
  • Manage the risk from interest rates, and other forms of exposure (e.g., foreign exchange) in line with strategy and risk appetite
  • Ensuring that the company’s cash flow is adequate to allow it to operate effectively
  • Evaluate alternative long-term borrowing strategies and make recommendations in accordance with the capital structure guidelines
  • Forecast cash payments and anticipating challenges arising from limited cash flow and perform financial modelling
  • Ensure compliance with internal controls, policies and procedures. Develop and monitor treasury operational policies.

Deliverables:

  • Capital and liquidity report
  • Disbursement and collection process plan

Time Allocation:

  • Liquidity management-60%
  • Domestic fundraising -20%
  • Agency relationships-15%
  • Administrative-5%

KPIs
Business Performance:

  • Interest expense as a percentage of sales – total interest payments made by the
  • Group in the last financial year as a percentage of total sales (15%)
  • Growth rate in interest expense – percentage growth rate in value of interest payments made by the Group in the last financial year (15%)
  • Debt to total assets ratio – the ratio of total debt to total assets (15%)
  • Number of credit rating upgrades in the last financial year – total number of times the Group’s credit rating was upgraded in the last financial year (15%)
  • Number of credit rating downgrades in the last financial year – total number of times the Group’s credit rating was downgraded in the last financial year (10%)

Reports and Processes:

  • Timeliness of management reports – percentage of management reports that are delivered to the target audience as per the agreed deadlines (5%)
  • Quality of Management Reports – Variance between expected and actual cash flow, liquidity requirements, etc. (5%)
  • Timeliness of processes – on time disbursement and repayments of funds to country office (5%)

Management:

  • Direct report feedback – the annual average rating from 360-degree surveys launched to direct reports (10%)
  • Feedback from direct leader – qualitative judgement (5%)

Skills:

  • Excellent understanding of real estate market and financial needs
  • Knowledge of investment portfolio strategy, bankin, and financial instruments
  • Knowledge of treasury software expertise is a plus
  • Thorough understanding of the principles and application of good corporate governance, business and operational risk and control processes and procedures
  • Gathers information nationally and internationally about what could be; visualises the future and assesses what needs to change; thinks strategically, considers wider effects thoroughly, including customers, shareholders and people; promotes and builds enthusiasm for the vision.
  • Balances the needs of the stakeholder triangle; assimilates and analyses relevant information; identifies core principles, and applies them consistently to decisions; identifies and mitigates risks; creative in providing solutions; owns decisions.
  • Good planning/project management skills
  • Exceptional negotiation, problem-solving and analytical skills
  • Outstanding people leadership and management skills. Ability to drive change management across the organisation
  • Superior communication skills, both verbal and oral
  • Sets milestones and timeframes to achieve objectives and operational requirements; determines priorities and allocates responsibilities and manages workflow; establishes measures and monitoring systems; monitors unit and individual performance, putting (joint) action plans in place to address areas of non-compliance; anticipates hurdles and has contingency plans to get around them

Requirements

  • Undergraduate degree (or equivalent) in a related field is required
  • Advanced degree (MBA) or Chartered Financial Analyst certification (CFA) preferred
  • 10 years of professional experience; 3-5 years of experience within a similar role
  • Experience In Focus Country Preferred
  • 10+ project management experience
  • Undergraduate degree (or equivalent) in business management
  • Experience in managing large scale projects within the real estate sector

How To Apply

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Job Categories: Accounting Jobs In Nigeria. Job Types: Full-time. Job Tags: ARM Life Plc jobs and Senior Treasury Associate Recruitment. Salaries: N100000 - N200000.

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