Treasury Foreign Exchange Operations Officer at Saroafrica International Limited


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Saroafrica International Limited (‘Saro’) is an indigenous private sector player with 3 decades of experience in Nigeria. Saro has five Subsidiaries (Saro Agrosciences, Saro Lifecare, Saro Agro-Allied, Gossy Warm Spring and Saro Oil Palm) and two Joint Ventures (AgriseedCo and Green Hills Agricultural Products). Saro’s is set to become a leading consumer, manufacturing, FMCG and integrated agricultural value chain group. In pursuit of this ambition Saro is making significant investment in a Palm Plantation and Cassava to Ethanol Plant. This role is intended for Saro Oil Palm.

We are recruiting to fill the position below:

Job Title: Treasury Foreign Exchange Operations Officer

Location: Lagos
Employment Type: Full-time

Duties / Responsibilities
FX Management:

  • Manage the FX blotter and position
  • Responsible for FX trading activities in a competitive manner. To facilitate the SARO Group’s need and position at any point in time
  • Liaise with the SBUs on all FX related activities.
  • Implement FX transactions in line with TGX risk framework and appetite of SARO Group
  • Nurtures and maintains relationships with relevant regulatory agencies and other key stakeholders
  • Liaising with the banks on Suppliers payments (foreign exchange)
  • Ensure the average rate of the SBUs are monitored.
  • Present the FX sourcing update fortnightly to the SBUs, Finance and auditors.
  • Prime responsibility for ensuring compliance with price risk limits as agreed with risk/compliance.
  • Liaise with the bank and supply chain on all FX related activities.
  • Adhere to defined risk limits on FX sourcing.
  • Market Update
  • Daily FX update on micro and macro market economy as it relates to SARO Group
  • Provide market feedback and market dynamics
  • Disseminates market information in a timely useful, actionable format to support risk taking and revenue making potential
  • Rates monitoring and regular review
  • Interpret data, formulate reports and make recommendations
  • Responsible for other duties assigned by the GMD/Treasurer from time to time.

Education and Experience

  • B.Sc in Accounting or related courses
  • 2– 5 years post-qualification professional experience
  • Professional certification in accounting will be an added advantage
  • Goods knowledge and use of Microsoft Office packages & ERP systems (Knowledge of Navision& SharePoint will be an added advantage).
  • Age Requirement: 28 - 35 yearsrs old.

Application Closing Date
30th November, 2022.

Method of Application
Interested and qualified candidates should:
Click here to apply online