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Banking Officer at Oando

Full time @Resumify Recruitment in Oil & Gas
  • Lagos, Nigeria View on Map
  • Post Date : February 22, 2022
  • Apply Before : March 12, 2022
  • Salary: Negotiable
  • View(s) 51
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Job Detail

  • Career Level Officer
  • Experience 4 Years
  • Job Function Accounting
  • Qualifications Degree

Job Description

About the job

External Contacts: Bank Relationship Managers (Foreign and Local Banks) and Auditors

Overall Purpose of Job: The Treasury/Banking officer is responsible for the day to day activities of the treasury department i.e. bank movements, balances & charges reviews. Also to plan, assess, monitor, and manage the efficient utilization of cash and financial resources in a manner consistent with the agreed procedures and objectives of the Company.

Scope of Responsibility & Accountability:

  • Review and consolidate Bank Reconciliation and Fund Management analysis
  • Review bank entries and 1st level approval for transactions
  • Prepare and analyze Cash flow Forecast & Debt management Facility Reviews
  • Operational Bank and cash coordination
  • Essential Function:
  • Review and consolidate Multi-level GL and bank reconciliations.
  • Ensure compliance with bank account bank account procedures.
  • Set up all bank mandate documentations and maintain bank related records
  • Support Treasurer in Managing debt obligations and lender relationships.
  • Ensure day to day control of bank accounts to maintain an adequate level of working capital.
  • Review and consolidate weekly cash flow & liquidity report
  • Ensure treasury operational functions such as cash management, cash forecasting, and interest rate monitoring.
  • Reviewing Cashflow forecasts and consolidating reports
  • Approve system inputs including raising of Receipts on payments (via AR).
  • Review booking of loans and deposits (short and long term)
  • Consolidate the Group debt schedules for the Group financial statements.

Non-Essential Function:

  • Review internal treasury reporting which includes treasury reporting which includes variance analysis and supporting schedules implementing efficient global cash management system, cash forecasting and variance analysis.
  • Assist with Interest rate risk/exchange rate management through tools such as Swap management through tools such as Swap instruments and forwards.
  • Authorize the petty cash system and regularly review the petty cash process.

Job Specification:

  • 1st degree from a reputable University with bias for social science and accounting and finance courses.
  • Professional Certification (ACA, ACCA, CPA) is desirable but not compulsory.
  • Minimum 4 years work experience within a reputable and structured organization preferably an Oil & Gas multinational.
  • Excellent knowledge of Microsoft excel, financial modelling and power point
  • Core Competencies:
  • Competency & Level
  • Oil & Gas industry dynamics – Medium
  • Financial Reporting & Modelling – Medium
  • Knowledge of Corporate Treasury & Cash Forecasting techniques – Medium
  • Analytical & Research minded – Medium
  • Microsoft office skills – High
  • Creativity & Innovation – Low
  • Organization/Administration abilities – High
  • Good Interpersonal Relations – Medium
  • Good Oral & Written Communication – High
  • Key Performance Indicators:
  • Timely submission of all assigned reports
  • Ensure treasury control functions
  • Support treasurer and Treasury Manager in cash planning
  • Efficient transaction processing.

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