ARM Life Plc

Senior Treasury Associate

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ARM Life Plc is recruiting for Full time Senior Treasury Associate

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.

We are recruiting to fill the position below:

Job Title: Senior Treasury Associate

Location: 
Lagos, NG

Main Responsibilities

  • 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

 

    Job Requirements
    Minimum years of experience

    10

    Qualifications
    FSLC /SSCE /JSCE /NABTEB /ADN /OND /ND /NCE /B.Sc /B.Ed /B.Tech
    Other Requirements

    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

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    About ARM Life Plc
    ARM Life formerly CrystaLife Assurance Plc. 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. Established in 1994, ARM started operations as a traditional asset management company specialising in the management of quoted equities and fixed income securities.However, over the years, the Firm has taken advantage of opportunities in various sect...
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    Job Summary
    Published
    March 12, 2019
    Offer Type
    Full time
    Experience
    Minimum of 10years
    Location
    Lagos
    Deadline
    March 26, 2019
    Specialization
    Finance / Accounting
    Industries
    Banking / Financial Services
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