Treasury Analyst – Naira Payments at Dangote Group

Job Title: Treasury Analyst – Naira Payments

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.

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 legislations 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 Instructions:

The application deadline is Not Specified. Therefore, qualified and interested candidates can “CLICK HERE TO SUBMIT APPLICATION” It is important to visit the official website (link found below) for detailed information on how to apply successfully for this vacancy.

Website:
Official Job Website: https://apply.workable.com/dangote/