Employment Nigeria 01-Jan-1970 NIGERIA , NIGERIA ,
Oando Nigeria Recruitment
Vacancy Details
Vacancy Title: Banking Officer
Department Finance
Date Published: Sept. 26th, 2011
Closing Date Oct 3, 2011
Vacancy Description
The Banking Officer is responsible for monitoring the daily banking relationships; i.e. bank statements, charges etc
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.
SPECIFIC DUTIES & RESPONSIBILITIES
Bank Reconciliation: Reconciling all bank accounts to the Treasury Management System and the General Ledger.
Intercompany Reconciliation: Preparation of Treasury Intercompany reconciliation
-Monitoring and support taxation issues and other statutory payments
-Manage debt obligations and lender relationships.
Bank Activity Monitoring:
-Statement Downloading and retrieving bank statements on a daily basis.
-Filing of all Correspondence between the company and the banks.
-Managing, monitoring, opening to closure of bank accounts.
-Set up all bank mandate documentations and maintain bank-related records.
-Ensure day to day control of bank accounts to maintain an adequate level of working capital for the group.
-Manage the Bank’s correspondent and relationships.
Cash flow Forecast:
-Preparing daily cash report
-Performing treasury operational functions such as cash management, cash forecasting, interest rate monitoring.
-Preparing weekly cash flow & liquidity report
Book Keeping:
-Raising of Receipts on payments (via AR) made by the Treasury Analyst
-Monitoring and booking of loans and deposits (short and Long term)
-Raising Intercompany debit and credit notes.
-Carrying out reconciliation of Balance Sheet items such as cash, cash equivalents, investments, debt, for management and reporting purposes.
-Prepare the Group consolidated debt schedules for the Group financial statements.
-Preparing of other Treasury related monthly Schedules
Other Duties:
-Performing other assigned duties as delegated by the Treasurer/Asst.Trea.
-Preparing internal treasury reporting which includes variance analysis and supporting schedules on affected accounts.
-Oversee banking and financial institution relationships.
QUALIFICATIONS & EXPERIENCE
1st degree from a reputable University with bias for social science and accounting and finance courses.
Professional Certification (ACA, ACCA, CPA) is essential but not compulsory.
2 – 3 years work experience within a reputable and structured organization preferably an Oil & Gas multinational.
Intermediate knowledge of Microsoft excel, financial modelling and power point.
KNOWLEDGE & SKILLS REQUIRED
Oil & Gas industry dynamics
Financial Reporting & Modelling skills
Knowledge of Corporate Treasury & Cash Forecasting techniques
Analytical & Research minded skills
Microsoft office skills
Creativity & Innovation
Organization/Administration abilities
Good Interpersonal Relations
Team playing skills
Good Oral & Written Communication
Good Negotiation skills.
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