Oando Plc Recruitment for Banking Officer

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Oando Plc is one of Africa’s largest integrated energy solutions provider with a proud heritage. It has a primary listing on the Nigeria Stock Exchange and a secondary listing on the Johannesburg Stock Exchange. With shared values of Teamwork, Respect, Integrity, Passion and Professionalism (TRIPP).

We are recruiting to fill the position below:

Job Title: Banking Officer

Location: Lagos
Job Type: Full-time
Entity: Oando Energy resources
Unit / Department: Finance
Reports To: Treasury Manager
External Contacts: Bank Relationship Managers (Foreign and Local Banks) and Auditors

Overall Purpose of Job

  • The Treasury/Banking officer is responsible for the day to day activities of the treasury department i.e. bank movements, balances & charges reviews.
  • 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.

Scope of Responsibility & Accountability

  • Review and consolidate Bank Reconciliation and Fund Management analysis
  • Review bank entries and 1st level approval for transactions
  • Prepare and analyze Cash flow Forecast & Debt management Facility Reviews
  • Operational Bank and cash coordination

Essential Function

  • Review and consolidate Multi-level GL and bank reconciliations.
  • Ensure compliance with bank account bank account procedures.
  • Ensure treasury operational functions such as cash management, cash forecasting, and interest rate monitoring.
  • Reviewing Cashflow forecasts and consolidating reports
  • Approve system inputs including raising of Receipts on payments (via AR).
  • Review booking of loans and deposits (short and long term)
  • Consolidate the Group debt schedules for the Group financial statements.
  • Set up all bank mandate documentations and maintain bank related records
  • Support Treasurer in Managing debt obligations and lender relationships.
  • Ensure day to day control of bank accounts to maintain an adequate level of working capital.
  • Review and consolidate weekly cash flow & liquidity report

Non-Essential Function:

  • Review internal treasury reporting which includes treasury reporting which includes variance analysis and supporting schedules implementing efficient global cash management system, cash forecasting and variance analysis.
  • Assist with Interest rate risk/exchange rate management through tools such as Swap management through tools such as Swap instruments and forwards.
  • Authorize the petty cash system and regularly review the petty cash process.

Job Specification

  • 1st Degree from a reputable University with bias for Social Science and Accounting and Finance courses.
  • Professional Certification (ACA, ACCA, CPA) is desirable but not compulsory.
  • Minimum of 4 years work experience within a reputable and structured organization preferably an Oil & Gas multinational.
  • Excellent knowledge of Microsoft excel, financial modelling and power point.

Core Competencies:

  • Competency & Level
  • Oil & Gas industry dynamics – Medium
  • Creativity & Innovation – Low
  • Organization/Administration abilities – High
  • Good Interpersonal Relations – Medium
  • Good Oral & Written Communication – High.
  • Financial Reporting & Modelling – Medium
  • Knowledge of Corporate Treasury & Cash Forecasting techniques – Medium
  • Analytical & Research minded – Medium
  • Microsoft office skills – High

Key Performance Indicators:

  • Timely submission of all assigned reports
  • Ensure treasury control functions
  • Support treasurer and Treasury Manager in cash planning
  • Efficient transaction processing.

How to Apply
Interested and qualified candidates should:
Click here to apply

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