Unilever Nigeria Plc – Welcome to Unilever, a global multinational and fast-moving consumer goods (FMCG) company with products sold in over 190 countries and more than 2 billion consumers across the world who use our amazing products everyday!
We are recruiting to fill the position below:
Job Title: Treasury Manager – WA
Location: Lagos
Job Type: Full-Time
Category: Finance
Business Context and Main Purpose of Job
- Effective Liquidity, foreign exchange and commodity backroom operations management are critical to ensure the safeguard of Unilever’s financial assets.
- This role is involved in the Treasury operations for Unilever Nigeria and the role is to oversee the day-to-day Treasury and commodity hedging operations and be the lead for upcoming Treasury projects. The role will also oversee the management of the Pension funds for the Business as well as the insurance activities for the Business and its assets.
- The role will also be focusing on managing the Liquidity and Foreign exchange requirements for the business in addition to running the back-office operations in addition to managing and maximizing the Tax liabilities for the Business.
Main Accountabilities
Banking:
- Lead and work with Regional / Global Treasury to ensure adequate facilities are available to meet existing and future business funds requirements.
- Co-ordinate documentary credits with the banks
- Develop and maintain effective operational network with key Banks/Financial Institutions to ensure smooth operations and harness opportunities.
- Responsible to administer role for Bank related systems.
- Co-ordinate and ensure documentation in place to transact with Banks (facilities letter, documentation, director’s resolution etc)
Financial Accounting:
- Ensure accurate and timely internal reporting for both statutory and internal reporting of the Treasury function. These include:
- Managing CapGemini (offshore Accounts team) for Treasury outsourced activities.
- Reviewing journals on Interest charges, bank charges, Unilever Finance International (UFI) sweep and fund transactions, Loans, FX differences arising out of settled FX contracts, settlement of payments and collections, revaluation & mark to market on open FX contracts.
- Analysing and ensuring timely completion of Treasury reports (FX exposures, currency trends, Cash Forecast, actual cash flows; hedging requirements and Trade Loan reconciliation).
Liquidity Management:
- Ensure Unilever’s financial assets are safe guarded with proper planning of short-, medium- and long-term cash requirements. This includes funding requirements and maximizing long term returns on excess liquidity.
- Forecast day-to-day cash flow positions, related borrowing needs, and available funds for investment.
- Identify opportunities for cost savings or increase returns on excess cash.
- Reviews company’s cash forecast and performs an analysis on the projected vs. reported cash holdings.
Exposures Management:
- Mitigates financial risks related to the interest rates on the foreign exchange positions.
- Propose Forex strategies and exposure limits incorporating market insights on Forex trends into hedging decisions.
- Design and implement full end to end (process design, systems, accounting treatments) solutions for back-office operations on new commodities, instruments, and regions.
Governance, Compliance & Documentation:
- Maintains policies and procedures that impose an adequate level of control over treasury operations.
- Ensures all transactions are completed in accordance with the Schedule of Authorities and are properly documented.
- Responsible for the Treasury Policy compliance and observing Forex limits.
- Establish and report treasury KPIs.
Investment Sub-committee and Pension Trust Fund Governance:
- Deciding on the right funds in which employees can invest in.
- Reviewing the fund performance
- Organizing pension trust meetings and briefing the trustees on fund performances, employee engagement etc
- Relationship management with administrator and custodian
Commodity Risk Management:
- Stabilizing the existing back-office operations and setup new commodities for the back-office operations
- Ensure compliance and controls are in placed in the back-office operations.
Key Interfaces
Internal:
- Functional Directors
- Finance Business Partners
- Financial Control
- Customer Development Heads of Units
- Regional Treasury and Tax Teams
- Supply Chain Management Team
External:
- Banks
- 3P Outsourced Service Providers
Key Skills & Relevant Experience
- Must be CIMA / ACCA / ICAN certified.
- 7- 10 years work experience in Financial Management, Tax Accounting and Treasury Management with at least 2 years spent in leading teams.
- Strong SAP Knowledge & Excel spreadsheet skills
- Confident communication and stakeholder management skills.
How to Apply
Interested and qualified candidates should: Click here to apply
Job Title: Assistant Procurement Manager – CM (West Africa)
Location: Head Office, Oregun, Lagos
Job Type: Full-Time
Category: Supply Chain
Main Job Purpose
- Provide support to the Procurement Operations Manager and Procurement operations team.
Key Accountabilities
- Integrating global / regional 3PM strategies with business and plant demands, balancing timing and conflicting interests.
- Required breadth of knowledge of a large portfolio of raw and packaging materials, suppliers, and IT systems.
- Working across the respective regions with multiple strategic Procurement teams each with a different culture and processes.
Responsibilities
- Support the development of and execution of the cross-category CM strategy for Nigeria.
- Collaboration with category procurement to perform make/buy analysis; development of a CM supplier segmentation model aligned with business needs; maintenance of the supplier list; and development/maintenance of relationships with strategic 3PM partners. Allow for E2E SC analysis, information management, and cost-opportunity decision making.
- Manage existing contracts between 3PM’s and UL and ensure renewals are done before expiration.
- Support the CM manager on collaborative manufacturing capability trials related to innovation, outsourcing, and savings initiatives, including project planning.
- Monitor CM performance management on cost, quality, safety, and service. Specifically, partner with CM’s finance and procurement to ensure proper cost controls are in place around stock management and purchase price variance.
- Drive cost-cutting opportunities for all CM manufacturing losses, cost-product-material benefits, and gross margin improvement programs across the board.
- Business partner functional stakeholders (PG, R&D, etc.) for all categories as related to CM sourcing activity in Nigeria.
- Work with the Portfolio Innovations team on sourcing and deploying CM innovation opportunities in West Africa.
- Work with the SC operations team and 3Ps on a quarterly volume and price forecast for finished goods.
Key Interfaces
Procurement:
- Procurement team
- Procurement operations team, Category
- Procurement operations team, Geography
Supply Chain:
- Manufacturing
- Quality
- Inbound Logistics
- Supply Chain Category Planning
- Supply Chain Innovation Planning
- MCO Demand Planning (depending on team/portfolio)
- S&OP Planning
- Import / Export
- R&D
- Marketing
- Brand Building
External:
- Suppliers.
Relevant Skills
- University graduate
- 5 to 7 years relevant experience in procurement preferably in FMCG
- Experiencing working with SAP is desirable
- Storytelling, data visualising and presentation skills
- Strong Excel and PowerPoint Skills
- Professional To be Fluent in English.
Leadership Behaviours:
- Have passion for high performance and ability to drive business performance using insight to drive decision.
- Have effective communication skills enabling to produce creative, compelling content that engages the audience to make impact and influence
- Comfortable working in conditions of ambiguity and learning through change.
- Have strong process design and optimisation skills , being able to design and re-engineer core process flows with effective control.
- Have demonstrated stakeholders’ management skills to ensure maintaining great relation with people having impact and interest in your job
- have ability to clearly prioritise work for effective job delivery.
How to Apply
Interested and qualified candidates should: Click here to apply
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