About this role
JOB DESCRIPTION: TREASURY ACCOUNTANT
Location: Lagos, Nigeria Report to: Financial Controller Career Level: Min 5 years of work experience.
ABOUT PAGA Paga is on a mission to enable one billion Africans and millions of SMEs to pay, preserve hard-earned income, participate in global trade, and purchase goods and services at home and abroad. We have built a multicurrency, cloud-based payments and financial services engine that leverages multiple business services built on the same best-in-class infrastructure to serve the ecosystem through three businesses - Paga Engine (Enterprise B2B - www.pagaengine.com); Paga (Consumer - www.Paga.com); and Doroki (SME Retail -www.doroki.com). Paga has three licenses with the Central Bank of Nigeria – mobile money, international remittance, and a microfinance bank. Paga is headquartered out of the United Kingdom and has operating entities in Nigeria, United States, and Ethiopia. Founded in 2009, Paga now serves millions of users and businesses across Africa and beyond.
ABOUT THE ROLE We are seeking a highly skilled and detail-oriented Treasury Accountant with specialized expertise in Foreign Exchange (FX) management. The ideal candidate will be responsible for overseeing the company’s treasury activities, focusing on optimizing cash flow, managing currency risks, and ensuring efficient and effective foreign exchange operations. This role is pivotal in managing financial risks related to foreign currencies and providing strategic recommendations to improve the company’s liquidity and capital structure.
KEY RESPONSIBILITIES
• Negotiate and execute fx trade profitably
• Track and reconcile foreign exchange gains and losses.
• Monitor exchange rates/currency fluctuations and their impact on company’s
• Manage intercompany fx settlements, and reconciliations.
• Maintain proper documentation for fx and treasury transactions.
• Maintain strong relationships with banks and financial institutions to secure favorable FX rates and services.
• Analyze cash flow trends, bank fees, FX gains/losses, and treasury KPIs
• Ensure timely and accurate reporting of FX activities, treasury KPIs, and compliance with regulatory requirements.
• Ensure compliance with accounting standards (e.g., GAAP, IFRS)
• Monitor and execute cross-border payments and transfers, ensuring competitive pricing and efficient settlements.
• Collaborate with senior leadership to provide insights and recommendations on financial markets, FX risks, and treasury operations.
• Cash flow forecasting and liquidity management.
• Treasury controls and process improvement.
• Supporting automation and treasury system improvements.
KEY COMPETENCIES • FX Expertise: Good understanding of FX markets and negotiation skills. • Technical Skills: Proficiency in financial modeling, treasury management systems (TMS), and Excel. Experience with FX trading platforms is highly desirable. • Analytical Skills: Strong quantitative and analytical abilities to interpret financial data and trends. • Communication: Excellent interpersonal and communication skills to work effectively with internal teams and external partners. • Attention to Detail: High level of accuracy and attention to detail in managing treasury functions and reporting. • Problem-Solving: Ability to assess complex financial situations and develop strategic solutions. • Ethical Judgement: Upholding integrity and confidentiality in financial work demonstrates maturity and sets the tone for ethical leadership later on.
KNOWLEDGE AND SKILL REQUIREMENTS • Bachelor’s degree in finance, Economics, Accounting, or a related field. • Minimum of 5 years of experience in treasury management, with a strong focus on FX. • Advanced computer software skills, including Excel, PowerPoint, and other accounting packages • Must have completed the mandatory NYSC
We are an equal opportunity employer and value diversity inclusion. We do not discriminate on grounds of colour, race, nationality, religion, age, ethnic origin, disability, gender, marital status, or sexual orientation in our employment practices