Treasury Officer - Foreign Payment

Job Summary

Collation of all plant’s requests in respect of forms M and LCs processing for spares, equipment, and other raw materials and follow up with Global Trade and Banks to ensure seamless processing

  • Minimum Qualification: Degree
  • Experience Level: Mid level
  • Experience Length: 3 years

Job Description/Requirements

  • Liaise with Global Trade Department and Banks on all LCs processed for all plants and ensuring update of LCs register.
  • Liaise with all plants in respect of pending import documentation for spares, equipment, and raw materials for cement manufacturing.
  • Maintain registers of all forms M showing update on issuance, LC establishment, and unutilized balances.
  • Advise all processed LCs to the Plants immediately on receipt of transmitted telexes from the bank.
  • Preparation of approval memos for funding & payment of Letters of Credit
  • Generate a letter for funds transfers to banks for funding of operations accounts for FX Bids through CBN & Interbank Purchases.
  • Review bank statements for debits in respect of LCs cost and Trade Line Charges and forward them to accounts for immediate posting.
  • Prepare daily balances and sales collection reports
  • Analyse daily statements of accounts and ensure all exceptions are taken up for appropriate corrections either by the bank or by Treasury Unit.
  • Generate Account Statements to reconcile payments that have been made for CBN Bids or LCs establishment.
  • Supervise Proper and orderly filing by providing necessary documents to the Scanning Officer to enhance easy storage and retrieval
  • Any other duties as may be assigned by the immediate supervisor and the Group Treasurer & RCFO / GCFO

Requirements:

  • Bachelor’s degree or its equivalent in Accounting, Finance, Economics, or any other related discipline.
  • 3 - 6 years relevant work experience.

Skills and Competencies:

  • Good understanding of trends, challenges, opportunities, regulations, and legislation relating to the cement manufacturing industry.
  • Good knowledge and understanding of Treasury best practices, IFRS, and other applicable accounting standards.
  • Basic knowledge of accounting packages and systems, including SAP.
  • Good communication and interpersonal skills.
  • Good Organisational skills.
  • Good data gathering, analysis, and problem-solving skills
  • High ethical standards and integrity.
  • Proficiency in the use of MS Office tools.
  • Ability to work independently under minimal supervision.

Benefits:

  • Private Health Insurance
  • Paid Time Off
  • Training & Development
  • Career Development

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