Arik Air Vacancy at Vice President Treasury

Arik Air is a customer-focused airline that offers consistently
outstanding services to both business and leisure travellers. We have
earned a reputation for providing “the best care in the air”. Industry
experts have awarded us for delivering outstanding services. No airline
does it in the unique Arik
way.

Arik Air offers opportunities for employment in administrative,
professional, technical and airline-specific disciplines, irrespective
of the level or area of responsibility, each employee contributes to the
growth and success of our airline. We believe that individuals score
goals, but ultimately “the team wins the game”.

We are recruiting to fill the position of:

Job Title: Vice President Treasury

Location: Nigeria

Principal Accountabilities and Responsibilities

• Oversee all cash management operations for the company and
  treasury centers located in Nigeria and other West African countries.
  The geographic scope maybe expanded later.
• Responsible for all of the company’s capital formation
  requirements, Including debt and equity issuances, Recommend and execute
  on financing strategies to fund business objectives.
• Responsible for coordinating, conducting, participating and
  documenting the company’s financing arrangements, and other strategic
  and financial issues. Serve as a financial contact with outside firms.
• Responsible for the planning of daily cash availability and
  ensure adequate liquidity for working capital needs and invest
  short-term excess cash.
• Manage inter-company cash, including inter-company lending, dividends and capital injections.
• Develop, recommend, implement, monitor, apply, coordinate, and
  manage the policies and procedures to govern the credit, letters of
  credit, parent guaranties, and trade credit activities for subsidiaries
  of the company (domestic and international) and will be required to
  develop a policy and procedure manual to ensure that all assets, cash
  and payments are accounted for accurately.
• Provide leadership to the Treasury team and has direct
  responsibilities for corporate finance functions including capital
  markets, cash management and Investing, fuel hedging, interest rate and
  foreign currency hedging, corporate insurance, contract administration,
  banking and rating agency relationships, as well as capital structure,
• Prepare quarterly capital structure for the Board of Director presentations.
• Responsible for banking relationships including the administration of short-term borrowings and investments,
• Responsible for the documentation (letters of
  authorization/instructions, resolutions, various agreements, etc.) for
  all corporate bank accounts and short-term investment accounts.
• Manage and oversee all hedging to mitigate financial risks
  related to the interest rates on the company’s borrowings, as well as on
  its foreign exchange positions.
• Enhance internal controls by ensuring that cash is safeguarded and used for approved corporate purposes.
• Responsible for the cash forecasts of the company and assist in directing the cash flow to optimize cash flow and position.
• Monitor and asses changes and trends in investment markets and determsne appropriate strategy.

Person Specifications

• Bachelor’s Degree in Finance or Accounting required. Certified
  Public Accountant (CPA) or Certified Financial Analyst (CFA) preferred.
  Master’s Degree In Finance or Accounting or MBA preferred.
• Requires excellent financial and business judgment skills,
  business acumen and ability to provide financial and business advice to
  all levels of Management and the Company’s Board.
• Must possess excellent communication and interpersonal skills
  and the ability to work with a wide range of people with varying degrees
  of financial exposure.
• Independent and creative problem solving skills are required.
• Ideal candidate will also have broad-based financial background,
  including experience with financial planning and analysis, forecasting
  and budgeting.
• Must be an advanced user of Microsoft office suite of products and have experience working with financial systems.
• Must be able to effectively mentor and coach members of the Treasury team and raise over all level of performance.
• A minimum of 15 years of combined treasury, accounting and
  finance including at least 10 years of experience with cash management,
  Investment activities, bank relations, financing, compliance and
  reporting activities associated with a publicly-held company. Experience
  working with a multinational corporation is strongly preferred.
• Must be able to exercise a keen awareness of the legal
  implications of disclosing material company information; ongoing
  awareness of trends in senior Management’s thinking; ongoing familiarity
  with both industry and company activities; and an ongoing knowledge of
  stock market and financial trends.

How to Apply
 
Interested and qualified candidates should send their applications and CV’s to: aviationfinance@arikair.com

Note: Only candidates that meet the above requirements will be considered.

Deadline: 7th October, 2015.