Treasury Manager

Job Summary

• The Treasury Manager is responsible for managing group liquidity, funding, asset and liability management, banking relationships, payments and financial risk across the SaaS and Embedded Finance businesses. The role ensures adequate liquidity, effective funding of the loan book, disciplined treasury controls and reporting, and the development of treasury capabilities to support the Group's current operations and future regulated growth.

Job Details

Cash and Liquidity Management (SaaS and Embedded Finance)

• Own the group's daily cash position across all bank accounts, entities and currencies, ensuring there is always enough liquidity for payroll, operating expenses, loan disbursements and wallet settlements.
• Prepare and maintain a 12-month liquidity projection covering both the SaaS and Embedded Finance businesses, and explain variances against actuals.
• Work with the Financial Controller to improve working capital in the SaaS business, including the timing of customer collections across markets and supplier payment runs.
• Set and monitor minimum liquidity buffers for each business and entity, and escalate early when headroom falls towards policy limits.
• Invest surplus cash within board-approved limits on counterparty, tenor and instrument, balancing security, liquidity and yield.

Embedded Finance Funding and Loan Book Treasury

• Plan and manage funding for the loan book from company equity and bank/DFI debt facilities, aligning drawdowns with the disbursement pipeline and growth plans.
• Lead, with the Senior Finance Director and Legal, the sourcing, negotiation and execution of debt facilities, including term sheets, conditions precedent, security, drawdowns and repayment schedules.
• Monitor financial covenants under all facilities, prepare compliance certificates and periodic lender reports, and flag any risk of a breach well in advance.
• Track the cost and mix of funding and provide input on loan pricing to the Embedded Finance team and FP&A.
• Keep lending funds, customer wallet balances held with partner banks and operating cash clearly separated, with daily visibility of wallet float and pre-funding needs at partner banks and processors.

Asset and Liability Management (ALM)

• Set up and act as secretary to an Asset and Liability Committee (ALCO), and prepare the monthly ALCO pack covering liquidity, funding, interest-rate, FX and concentration risk.
• Draft and maintain an ALM policy and risk limits (liquidity gaps, funding concentration, interest-rate sensitivity and open FX position), agreed with the Embedded Finance Risk & Compliance team and approved by the Board.
• Produce a maturity ladder and liquidity gap analysis comparing expected loan repayments and other inflows against debt repayments, interest and operating outflows across time buckets, and keep gaps within approved limits.
• Model and monitor behavioural assumptions, including early loan repayments, arrears and repayment delays, employer payroll timing for payroll-deducted loans, and the stability of customer wallet balances.
• Measure interest-rate risk by comparing the repricing profile of loans (mostly fixed-rate) with funding (including any floating-rate facilities linked to MPR or other benchmarks), and report the impact of rate changes on net interest income.
• Manage currency mismatch between naira-denominated loans and any foreign-currency funding, including hedging options and limits on open FX positions.
• Monitor concentration in both assets and funding, such as exposure to large employer clients whose payroll supports loan repayments and reliance on a small number of lenders.
• Run regular liquidity stress tests and maintain a Contingency Funding Plan with clear triggers and actions.
• Set internal funds transfer pricing (FTP) so the cost of funds, liquidity and capital are charged to lending products, supporting loan pricing and profitability analysis with FP&A and the Embedded Finance team.
• Monitor the lending entity's capital and leverage against internal targets and any licence conditions, and feed balance sheet projections into the business plan.

Banking Relationships and Payments

• Manage relationships with commercial banks, partner banks, payment processors and DFIs in all our markets, negotiating charges, limits and service levels.
• Own bank account opening and closure, mandates and signatory matrices for all entities, and enforce dual authorisation on every payment.
• Oversee payment operations, including loan disbursements, settlements, payroll funding and supplier payments, so that they are timely, accurate and secure.

Foreign Exchange and Financial Risk

• Manage FX exposure from multi-country SaaS revenue and foreign-currency costs and obligations, source FX at competitive rates and manage cross-border transfers and repatriation in line with each market's regulations, including CBN FX rules.
• Monitor liquidity, interest-rate and counterparty risk, and propose and implement mitigations within the treasury policy.

Policy, Controls and Reporting

• Develop and maintain the Treasury Policy (liquidity, investments, FX, funding, counterparty limits and bank account governance), alongside the ALM policy, for board approval, and make sure it is followed.
• Produce a weekly treasury dashboard and a monthly treasury report for the Senior Finance Director, CEO and Board covering cash, liquidity headroom, facility utilization, covenant status, FX exposure and ALM limit utilization.
• Support the Embedded Finance Risk & Compliance team on the liquidity and funding aspects of the money lender's licence, and the Financial Reporting team on treasury disclosures, regulatory returns and audits.
• Build treasury processes and records to the standard of a regulated institution, so the company is ready for future licence applications such as a microfinance bank licence.

Leadership and Systems

• Lead, coach and review the work of the Settlement & Reconciliation Analyst.
• Drive automation of treasury work, including bank integrations, cash visibility dashboards and automated reconciliation, with Product and Engineering.

Requirements

Ideal Candidate Profile

Education

• Bachelor's degree in Accounting, Finance, Economics, Banking or a related discipline.
• A professional qualification such as ACA, ACCA, CFA, ACT or an equivalent treasury/finance qualification is required.

Experience

• At least 7 - 10 years' relevant experience in treasury, corporate finance, banking or financial management, with significant responsibility for cash and liquidity management.
• Experience managing multi-entity and multi-currency cash positions, liquidity forecasting, working capital and banking relationships.
• Demonstrable experience in debt facilities, funding arrangements, covenant monitoring and lender reporting.
• Practical experience in asset and liability management, liquidity stress testing, foreign exchange exposure and financial risk management, preferably within financial services, fintech, banking or a regulated environment.
• Experience leading or supervising finance/treasury team members and improving treasury processes or systems.

Benefits

• Health insurance coverage for you, your spouse, and up to four children.
• Group Life Insurance.
• Learning and professional development opportunities.
• Flexible and remote work arrangements.
• Opportunity to play a key role in building and scaling one of Africa's leading SaaS companies.