Treasury Accountant at Wells Accounting and Tax Services

Role Objective

The Treasury Accountant will oversee the organization's cash flow, banking operations, and liquidity management to ensure efficient use of funds and compliance with financial regulations. This role is responsible for planning budgets, reconciling bank statements, preparing cash flow reports, managing loans, and ensuring timely financial reporting to support strategic decision-making.

Key Responsibilities

Bank & Cash Management

• Manage company bank accounts to ensure efficiency, compliance, and optimal returns
• Prepare daily, weekly, and monthly cash flow plans for management decision-making
• Perform regular bank reconciliations, ensuring alignment with the general ledger and IFRS standards
• Maintain and monitor petty cash funds, ensuring accurate posting of all disbursements in the ERP
• Track and reconcile staff cash advances, ensuring retirement within 48 hours and communicating deductions for defaults

Loan & Investment Management

• Maintain loan schedules, capturing principal repayments and accrued interest
• Monitor loan covenants and ensure timely repayment by setting aside funds in advance
• Provide interest and debt analysis reports, ensuring profitability and compliance with agreements

Budgeting & Forecasting

• Collate and prepare annual budgets in collaboration with departmental heads
• Develop dynamic, updated cash flow plans (weekly and monthly) based on budgetary changes and operational realities

Regulatory Compliance & Reporting

• Prepare and manage Nigerian Export Proceeds (NXPs) documentation, ensuring accurate matching of inflows and timely closure of balances
• Ensure compliance with treasury regulations, tax requirements, and all local, state, and federal financial laws
• Maintain confidentiality and secure management of all financial records, spreadsheets, and registers
• Deliver timely financial reports on a weekly basis