adminDangote Group is one of Nigeria’s most diversified business conglomerates with a hard-earned reputation for excellent business practices and products’ quality with its operational headquarters in the bustling metropolis of Lagos, Nigeria, in West Africa.
We are hiring for:
Job Title: Treasury Analyst — Naira Payments.
Location: Lagos.
Job type: full-time (on-site).
Job Description
- Dangote Cement Limited is seeking a highly motivated and detail-oriented Treasury Analyst who will be responsible for payments for statutory fees, terminal bills, delivery, handling, and other expenses related to imported gypsum consignments.
Key Duties and Responsibilities
- Prepare approval memos for funding and payment of plant transactions.
- Generate letters for fund transfers to banks and for funding operational accounts.
- Follow up with banks to ensure that draft requests and duty payment instructions are processed.
- Remit payments to other Strategic Business Units (SBUs) as instructed by the Group Treasurer.
- Process payments for statutory fees, terminal bills, delivery, handling, and other expenses related to imported gypsum consignments.
- Compile and prepare heavy ticket expense reports for approval by the Head of Treasury and the Group Chief Financial Officer (GCFO).
- Allocate and monitor large expense items approved by the GCFO, ensuring accuracy and completeness.
- Raise memos and seek approval for the purchase of foreign exchange (FX) authorized by the Group Treasurer/GCFO.
- Prepare memos and flow approvals for urgent FX purchases for DIL, Dangote Oil & Gas, and other SBUs as directed by the Head of Treasury and Group Treasurer.
- Prepare daily balance and sales collection reports.
- Analyze daily account statements and ensure all discrepancies are addressed by either the bank or the Treasury Unit.
- Generate account statements to reconcile payments made from the DCP-Cash Call account.
- Prepare the monthly USD cash flow report for Obajana.
- Compile monthly consolidated cash flow reports for both Naira and FX positions across all plants in Nigeria and Africa.
- Perform any other duties assigned by the immediate supervisor, Group Treasurer, or RCFO/GCFO.
- Assist sales and marketing staff with issues related to customer payments and confirmations.
- Liaise with the reconciliation team to resolve unresolved transactions and postings.
- Draft letters for issuing drafts and other payments to vendors.
- Follow up with corporate sales to confirm revenue receipts and Accounts Payable Bank Guarantees (APBG).
- Process import duty receipts and forward them to the Clearing and Documentation Department.
- Prepare the Withholding Tax (WHT) schedule and VAT remittance letters for bank payments.
- Ensure all e-receipts and credit notes related to tax remittances are collected, properly filed, and available when needed.
- Supervise the orderly filing of all documents to facilitate easy storage and retrieval.
Job Requirements
Education and Work Experience:
- Bachelor’s Degree or its equivalent in Accounting, Finance, Economics, or any other related discipline.
- 3–9 years relevant work experience.
Skills and Competencies:
- Good understanding of trends, challenges, opportunities, regulations, and legislation relating to the cement manufacturing industry.
- Good knowledge and understanding of Treasury best practices, IFRS, and other applicable accounting standards.
Key Requirements:
- Basic knowledge of accounting packages and systems, including SAP.
- Good communication and interpersonal skills.
- Good organizational skills.
- Good data gathering, analysis and problem-solving skills
- High ethical standards and integrity.
- Proficiency in the use of MS Office tools.
- Ability to work independently under minimal supervision.
Benefits
- Private Health Insurance.
- Paid Time Off.
- Training & Development.
- Career Development.
Application Closing Date
Unspecified.
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