Oando Nigeria Recruits for Banking Officer. 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.
Vacancy Details
Vacancy Title
Banking Officer
Department
Finance
Date Published
Sep 26,2011
Closing Date
Oct 3,2011
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
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.
-Monitoring and support taxation issues and other statutory payments
-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.
-Manage debt obligations and lender relationships.
Cash flow Forecast:
-Preparing daily cash report
-Preparing weekly cash flow &liquidity report
-Performing treasury operational functions such as cash management,cash forecasting,interest rate monitoring.
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 Inter-company 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.Treasurer.
-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 andaccounting 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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