Treasury Officer (TO) at Baobab Microfinance Bank – Lagos

Baobab Microfinance Bank is recruiting a full-time Treasury Officer in Lagos to support liquidity management, funding, investments, bank reconciliations and treasury risk controls under the Treasury Manager.

Job Summary

Working under the Treasury Manager and is responsible for supporting the bank’s liquidity management, funding activities, investment decisions, and financial risk control.

The role ensures optimal cash utilization, regulatory compliance, and efficient execution of treasury operations and its internal controls in line with the bank’s strategic objectives.

Main Duties and Responsibilities

• Preparation of Treasury Journals for posting before 20th of the month and 1st for EOM key activities.
• Monitor cash balances across head office and branches to prevent idle funds or shortages.
• Manage vault cash, settlement accounts, and correspondent bank balances toensure funds are properly utilized and surplus funds invested with approved counterparties or in Nigerian Treasury Bills.
• Prepare and track daily liquidity reports for management review.
• Develop short- and medium-term cash flow forecasts incorporating: Loandisbursement, Loan repayment inflows and Deposit withdrawal patterns
• Identify liquidity gaps early and recommend corrective actions.
• Monitor cost of funds, track yields, and ensure prompt rollover of maturinginvestments.
• Perform daily and monthly bank reconciliations for all bank accounts
• Investigate and resolve reconciling items (e.g., outstanding lodgments, unpresentedcheques, bank charges etc.)
• Monitor and clear long-outstanding reconciliation items
• Prepare and submit reconciliation reports for review and approval
• Process local and international fund transfers (RTGS, NEFT, SWIFT, etc.)
• Ensure all transfer requests are properly authorized

Maintain accurate records of all fund movement transactions

• Monitor bank accounts to ensure adequate funding before transfers
• Management of the Deposit Concentration Risk and Report.
• Conduct basic ALM analysis: Maturity mismatch analysis
• Support in preparing monthly ALCO report.
• Execute and confirm all treasury transactions (placements, investments, funding).
• Ensure proper documentation and audit trails for all transactions
• Ensure compliance with all regulatory ratios
• Support CBN examinations, external and internal audits exercise.

Maintain active relationships with internal and external stakeholders

• Assist in preparing all Treasury reports
• Monitor any foreign currency exposures and ensure compliance with CBN FXguidelines.
• Monthly proof of all Treasury Assets and Liabilities General Ledgers.

Qualifications

• B.Sc or HND in Finance, Accounting, Economics, or related field
• 2 – 5 years’ experience in treasury or banking (preferably MFB or other financialservices)
• Professional certifications (ACA, ACCA) are advantageous
• Strong understanding of Nigerian financial system and CBN regulations
• Excellent communication and interpersonal skills, with the ability to effectivelycollaborate with cross-functional teams and stakeholders.
• Strong analytical and problem-solving skills, with the ability to promptlyidentify and address project risks and issues.

Required Skills

• Knowledgeable: Practical understanding of microfinance liquidity dynamics
• Behavioral Skill: Strong integrity and compliance orientation
• Analytical Thinking: Strong analytical and problem-solving skills, with goodjudgment and ability to identify and address issues proactively.
• Adaptability: Ability to thrive in a fast-paced, dynamic environment, operate in a leanteam (hands-on execution) and manage multiple projects simultaneously.
• Attention to Detail: Meticulous attention to detail, ensuring accuracy and quality inall project deliverables.
• Negotiation Skills: Strong negotiation and conflict resolution skills, able to resolvedisputes and drive consensus among stakeholders.

Technical Competence

• He/she must be trained and proficient in the use of all basic and several advancedMicrosoft Office applications, Banking and Accounting software including:
• Microsoft Advance Excel, Word, PowerPoint, and Access.
• Globus Temenos T24 Banking Application
• Sage Pastel and Sage X3 Accounting Package
• Financial analysis and modeling tools
• In-depth knowledge of IFRS and FRCN Rules/