MTN Nigeria is part of the MTN Group, Africa’s leading cellular telecommunications company. On May 16, 2001, MTN became the first GSM network to make a call following the globally lauded Nigerian GSM auction conducted by the Nigerian Communications Commission earlier in the year. Thereafter the company launched full commercial operations beginning with Lagos, Abuja and Port Harcourt. MTN paid $285m for one of four GSM licenses in Nigeria in January 2001. To date, in excess of US$1.8 billion has been invested building mobile telecommunications infrastructure in Nigeria. Since launch in August 2001, MTN has steadily deployed its services across Nigeria. It now provides services in 223 cities and towns, more than 10,000 villages and communities and a growing number of highways across the country, spanning the 36 states of the Nigeria and the Federal Capital Territory, Abuja. Many of these villages and communities are being connected to the world of telecommunications for the first time ever. The company’s digital microwave transmission backbone, the 3,400 Kilometre Y’elloBahn was commissioned by President Olusegun Obasanjo in January 2003 and is reputed to be the most extensive digital microwave transmission infrastructure in all of Africa. The Y’elloBahn has significantly helped to enhance call quality on MTN network.
Role Complexity
Extract value from what we already have by focusing on optimizing processes within the Unit/Department in line with the value creation philosophy. This includes individual contributions and recommendations to improve existing business project/initiative, capital/budget efficiency activities within the Unit, contracts review and negotiation in collaboration with the Procurement team, structural changes within the Unit etc.
Drive Innovation by identifying and taking advantage of new business opportunities, e.g., by stimulating and encouraging new business opportunities, launch of products, product/process innovation, business model innovation etc.
Maintain leadership in the ICT/Digital industry by influencing stakeholders within your immediate ecosystem for MTNN’s benefit. This includes participation in credible external think-tank sessions, involvement in inter-divisional focus Group sessions to improve business performance etc.
Enhance/expand MTN’s role in the larger national macro environment by participating in CSR projects and/or NGO’s, involvement in recognized professional institutions, think-tank activities etc.
Role model our refreshed values and obsessions needed to sustain organisational performance (Example – drive people management activities by being the principal coach for your direct reports using the people management framework. Participate in employee engagement projects such as mentorship, facilitating programs, etc. support recruitment, on boarding and grievance management processes etc.)
Responsibilities
Financial:
Query and verify all General Ledger balances-elating to bank accounts.
Monitor cash sweeps from the various sub accounts to main accounts plus other transfers.
Carry out ratio analysis on banks, collate and analyse data on risk ratings and exposure limits, cash movements, exchange rate movements, bank charges, interest rates, lending rates, placements etc.
Collate daily bank indicative quotes for investment placements to aid investment decisions made by Treasury.
Ensure that payments, repayments, interest payments and underwriting fees are effected as per mandate.
Internal:
Evaluate banks and ensure regulatory compliance (e.g. CBN, NOTAP).
Collate information on economic conditions, the financial climate, and changes in corporate requirements.
Prepare management reports on market, competitor and general intelligence that impact the business.
Perform first review and recommendation of bank proposals before further review by Treasury Manager.
Provide support to the business units requiring assistance in Treasury matters.
Maintain Treasury records and audit trail in strict compliance to MTNN policies and procedures.
Implement Treasury policies, processes, and procedures and tools for corporate cash management.
Report year end audit as relates to Treasury.
Customer:
Ensure that escalated compliance issues and complaints relating to the Banking SLA are followed up and feedback communicated to the customer
Stakeholder:
Liaise with MTNN banks on immediate service issues.
People (Learning & Growth):
Continuously seek self-professional development to sharpen skills and capabilities in a versatile and evolving digital landscape.
Foster active collaboration and relationships with employees across all levels and divisions in line with MTN’s VB and values.
Qualifications
Education:
First Degree in Accounting, Economics or any other related discipline
Fluent in English
Part qualification/membership in a professional accounting association (ACA, ACCA, ACMA)
Experience:
Minimum of 3 years’ experience in an area of specialisation; with experience working with others
Experience working in a medium organization
Experience in Financial Environment in treasury, banking or in FMCG environment.