• Application Deadline:
• Position: Treasury Operations Analyst


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 3 years


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

Overview

Under authority of the AP and Transactional Treasury Manager

• 
  

  Recognise and Post all Treasury and Trade related transactions paid through Bank on SAP

  
  


• 
  

  Reconcile Bank Trade report to the Company Books (GL Ledger) on Short Term Loan, Deposit for LC, Cash in Transit and Contingent balances on Monthly Basis.

  
  


• 
  

  Update the Trade Master file with all payments, forwards purchased, status of shipping documents etc received on Letters of Credit

  
  


• 
  

  Ensure monthly reconciliation with Banks and Bank Reconciliation team to clear open items

  
  


• 
  

  Share monthly Trade and Treasury report: FX allocations (CBN forwards, Bank FX and Others), LC report, Payment report

  
  


• 
  

  Ensure Quarterly reconciliation is done with Banks in line with Audit proposal to ensure minimal open items at Year end

  
  


• 
  

  Ensure Charges on transactions are reviewed in line with existing facility approvals.

  
  


• 
  

  Collaboration with Banks to ensure Trade reports are shared as at when due,

  
  


• 
  

  Collaboration with internal Stakeholders: Industrial, Procurement, shipping teams for smooth operations as related to documents for processing LCs, postings transaction and payment on already shopped goods

  
  


• 
  

  Proper booking of all treasury related journals.

  
  


• 
  

  Follow-up and monitor deposit for advance; this include interest charges and interest income computation

  
  


• 
  

  Support monthly Bank reconciliation review and posting.

  
  


• 
  

  Management of Trade and FX services; LCs and OTT.

  
  


• 
  

  Preparation of Monthly journal on LC and OTT transactions.

  
  


• 
  

  Bank relationship management

  
  

Responsibilities

Health & Safety:

• 
  

  Ensure that safety rules and standards are maintained at all times.

  
  

Trade Operations:

• 
  

  Post and recognize all Trade transactions paid by Bank on SAP within 7 days of creations of the noted items. F-53

  
  


• 
  

  Raise journals to GL team for all trade transaction postings- FX purchases, forwards, Debit to account for Trade related transactions

  
  


• 
  

  Payment report to be shared on the 3rd of every month

  
  


• 
  

  Forward reports to be shared on the 3rd of every month

  
  


• 
  

  Outstanding Liabilities to Vendor & Bank; Banks to be share on the 5th of every month

  
  


• 
  

  Contingent Reports to be shared on the 3rd of every month

  
  


• 
  

  Share vendor due payments with the Banks for FX purchases every fort nightly.

  
  


• 
  

  Close all LC discrepancies with the Banks on payment every month

  
  

Trade Management (Letter of Credit Administration):

• 
  

  Recognise and Post all Treasury and Trade related transactions paid through Bank on SAP

  
  


• 
  

  Reconcile Bank Trade report to the Company Books (GL Ledger) on Short Term Loan, Deposit for LC, Cash in Transit and Contingent balances on Monthly Basis.

  
  


• 
  

  Update the Trade Master file with all payments, forwards purchased, status of shipping documents etc received on Letters of Credit

  
  


• 
  

  Ensure monthly reconciliation with Banks, Bank Reconciliation team to clear open items

  
  


• 
  

  Share monthly Trade and Treasury report: FX allocations (CBN forwards, Bank FX and Others), LC report, Payment report

  
  


• 
  

  Ensure Quarterly reconciliation is done with Banks in line with Audit proposal to ensure minimal open items at Year end

  
  


• 
  

  Ensure Charges on transactions are reviewed in line with existing facility approvals.

  
  


• 
  

  Collaboration with Banks to ensure Trade reports are shared as at when due,

  
  


• 
  

  Collaboration with internal Stakeholders: Industrial, Procurement, shipping teams for smooth operations as related to documents for processing LCs, postings transaction and payment on already shopped goods

  
  


• 
  

  Manage all Letter of Credits (LC) for the suppliers

  
  


• 
  

  Ensure that unutilised LC balances are refunded on a timely basis

  
  


• 
  

  Ensure all LC documentations are finalised within stipulated period of time.

  
  

Reporting & Control:

• 
  

  Daily status report on FX recons to GL

  
  


• 
  

  Comprehensive FX outstanding report within TAT(Turnaround Time)

  
  


• 
  

  Un-utilized LC report.

  
  


• 
  

  Monthly report FX rate reporting

  
  


• 
  

  Clean running reports

  
  

External Audit:

• 
  

  Assist in preparing all Trade and FX Treasury related account schedules are prepared and submitted to the Head of Accounts for external audit purposes within the timeline specified.

  
  


• 
  

  Ensure that audit circularization issues from the bank related to Trade and FX transactions are delivered to the banks and all discrepancies are reconciled.

  
  

Education/Qualifications

• 
  

  BSc (Accounting, Economics, Statistics, Banking & Finance etc.)

  
  


• 
  

  ACA/ACCA

  
  

Experience

• 
  

  3 years demonstrated experience Treasury Operation management

  
  

Knowledge & Skills

Technical / Functional Skills:

• 
  

  Good knowledge of Microsoft Excel

  
  


• 
  

  Banking Regulations

  
  


• 
  

  Trade & FX management

  
  


• 
  

  Treasury Operations Management

  
  


• 
  

  Familiarity with SAP systems

  
  


• 
  

  Accounting principles

  
  


• 
  

  Experience in a Logistic Service provider with emphasis in trade management will be an advantage.

  
  

Behavioral Competence:

• 
  

  Strong leadership potential

  
  


• 
  

  Strong integrity, ethics and trustworthiness

  
  


• 
  

  Strong attention to details

  
  


• 
  

  Good interpersonal skills

  
  


• 
  

  Strong team player

  
  


• 
  

  Adaptable

  
  


• 
  

  Tact and tolerant

  
  


• 
  

  Ability to work well under pressure and adhere to set deadlines

  
  


• 
  

  Resilient and Motivated

  
  

Leadership and Managerial Abilities:

• 
  

  Excellent management skills and ability to organize and plan effectively to meet both short and long range goals and objectives.

  
  


• 
  

  Ability to manage multiple project plans successfully and simultaneously.

  
  


• 
  

  Ability to motivate individuals and teams

  
  


• 
  

  Able to coach and direct a diverse team

  
  

Language Requirements

Professional Proficiency in English Language