Treasury Operations Analyst

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

Local / International

Local Employment