Job vacancy Details
Vacancy Title Banking Officer
Department Finance
Date Published Sep 26, 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.
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
Microsoft office skills
Creativity & Innovation
Organization/Administration abilities
Good Interpersonal Relations
Team playing skills
Good Oral & Written Communication
Good Negotiation skills.
Oil & Gas industry dynamics
Financial Reporting & Modelling skills
Knowledge of Corporate Treasury & Cash Forecasting techniques
Analytical & Research minded skills
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
Cash flow Forecast:
-Preparing weekly cash flow & liquidity report
-Performing treasury operational functions such as cash management, cash forecasting, interest rate monitoring.
-Preparing daily cash report
Bank Activity Monitoring:
-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.
-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.
Book Keeping:
-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
-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.
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.
Click here to Apply for Job
Vacancy Title Banking Officer
Department Finance
Date Published Sep 26, 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.
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
Microsoft office skills
Creativity & Innovation
Organization/Administration abilities
Good Interpersonal Relations
Team playing skills
Good Oral & Written Communication
Good Negotiation skills.
Oil & Gas industry dynamics
Financial Reporting & Modelling skills
Knowledge of Corporate Treasury & Cash Forecasting techniques
Analytical & Research minded skills
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
Cash flow Forecast:
-Preparing weekly cash flow & liquidity report
-Performing treasury operational functions such as cash management, cash forecasting, interest rate monitoring.
-Preparing daily cash report
Bank Activity Monitoring:
-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.
-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.
Book Keeping:
-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
-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.
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.
Click here to Apply for Job
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