Banking Officer at Oando Nigeria Plc
Oando Plc is one of Africa’s largest integrated energy solutions providers with a proud heritage. It has a primary listing on the Nigerian Stock Exchange and a secondary listing on the Johannesburg Stock Exchange
Job Title: 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.
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 bankrelated 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.
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
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
Good Interpersonal Relations
Team playing skills
Good Oral & Written Communication
Good Negotiation skills.
Application Closing Date: October 3, 2011