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

Department: Finance

   

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

 

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.

 

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.

 

Application Closing Date: October 3, 2011