Treasury Officer

Responsibilities:

Payment Processing & Verification (35%):

Process all approved payments — supplier invoices, vendor advances, staff reimbursements, and statutory remittances — through the Procure-to-Pay (P2P) workflow in Odoo ERP. Verify every payment against the approved terms, PO value, cumulative advances, and IC&A sign-off before processing. No payment is released without completed supporting documentation. Confirm beneficiary details, amounts, and payment references before executing bank transfers. Prepare payment schedules for salaries, vendors, statutory obligations, and other approved commitments as assigned by the Treasury Accountant. Follow up on pending, failed, reversed, or rejected payments and ensure timely resolution. Maintain a complete audit trail for all treasury transactions — every payment must be traceable from approval to execution. Post the day's planned payments on the Treasury Teams group chat for review and approval before execution.

Cash Monitoring & Reporting (25%)

Monitor daily cash balances across all company bank accounts. Post current balances on the Treasury Teams group chat every morning by 9:00 AM. Prepare daily cash position reports and weekly cash summaries for the Treasury Accountant. Track inflows and outflows and flag potential cash shortfalls to the Treasury Accountant promptly. Provide data inputs for weekly and monthly cash flow forecasts prepared by the Treasury Accountant. Track actual cash movements against projected cash flows and highlight significant variances. Monitor intercompany fund transfers across group entities and ensure proper documentation and approvals.

Bank Reconciliation & Record Keeping (25%):

Perform daily bank reconciliations across all company bank accounts — match transactions line by line, investigate discrepancies, and resolve timing differences. Post all treasury-related transactions in Odoo ERP accurately and on the day of occurrence — no retrospective posting without Treasury Accountant approval. Identify and escalate unidentified receipts, payments, bank errors, and discrepancies to the Treasury Accountant. Monitor bank charges and investigate unusual or unexplained charges. Maintain organised physical and digital filing of all payment vouchers, bank statements, receipts, and supporting documentation for audit readiness. Support month-end and year-end treasury close activities — provide reconciliation summaries, bank balance confirmations, and outstanding items lists.

Banking Operations & FX Support (15%):

Liaise with banks on operational matters — transaction confirmations, payment queries, statement requests, and account documentation. Maintain up-to-date records of all company bank accounts, mandates, and authorised signatory details. Support the Treasury Accountant with bank account openings, modifications, and closures when required. Monitor foreign currency balances and transactions where applicable. Support the processing and documentation of foreign currency payments as directed by the Treasury Accountant. Track exchange rates and maintain proper records of foreign currency transactions and related bank documentation.

Requirements:

OND in Accounting, Finance, Banking & Finance, Economics, or a related discipline. 2–4 years of relevant experience in treasury operations, banking, cash management, or accounting. Experience in payment processing, bank reconciliation, and cash position reporting. Good understanding of banking operations and financial controls. Experience with accounting ERP systems Odoo preferred; Sage, QuickBooks, or similar accepted. Proficient in Microsoft Excel bank reconciliation templates, pivot tables, and basic financial analysis.

Preferred Qualifications:

Professional accounting qualification in progress (ICAN, ACCA, or equivalent). Experience working in a multi-entity or group finance structure. Experience in a manufacturing, trading, or commodities environment. Familiarity with foreign currency transactions and trade finance documentation.

Key Competencies:

Accuracy and attention to detail every naira matters; every document must be complete. Process discipline follows the approved payment workflow every time; does not take shortcuts on verification. Integrity handles company funds daily; trustworthiness is non-negotiable. Time management bank cut-off times, payment deadlines, and the 9:00 AM balance posting are fixed. This role runs on deadlines. Proactive communication flags issues before they become problems. Posts updates on the Treasury Teams chat without being prompted.