Banking Officer Jobs 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
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