TREASURY ANALYST

MAIN FUNCTIONS

Treasury Cash Forecasts and Management
• Reconciles daily cash balances, using XRT software, by downloading bank statements, matching cash flows in bank statements with that
of SAP, explaining and resolving identified gaps
• Assists in preparing daily cash forecasts to ensure efficient cash management
• Prepares documents and secures approvals for making manual payments/transfers in line with Company’s payment policy.
Reports
• Contributes to preparing Daily Bank Balance, FX Sales, TdB reports for management decision-making.
• Contributes to preparing NXP reports for Crude Oil & Gas Commercial to ensure compliance with regulatory requirements.
• Contributes to providing adequate economic reasons for all key cash flow movements for the weekly treasury meeting in HQ
• Contributes to providing the Company’s weekly overdraft position forecast with relevant explanation of forecast movements
Accounting
• Monitors cash call receipts and informs relevant stakeholders for adequate reporting of arrears.
• Collaborates with Accounting Department to ensure adequate recording Treasury transactions.
• Follows up on pending or returned payments and receipts as the senior analyst to ensure adequate resolution of issues
Controls
• Implements approved internal control procedures on treasury operations to ensure safety of the Company’s financial assets
• Implements relevant financial laws, regulations, agreements, and covenants with authorities and financial institutions
• Communicates with banks on confirmation of payment instructions, missing daily MT940 bank statements.
Banking Relationship
• Supports the Treasurer in developing and maintaining positive relations with banks and lenders in order to achieve the Company’s
objectives.
• Participates in negotiating bank facilities and supports the documentation process.

ACCOUNTABILITIES

Reconciles daily cash balances to ensure alignment of cash flows recorded in bank statement with that in SAP
• Prepares and monitors manual payment proposals for the Treasurer to ensure expenditure on the company's payment procedures
• Implements cash flow procedures and controls to ensure adequate safeguard of the Company financial resources
• Maintains an up-to-date working knowledge of financial and legal regulations and company rules to ensure compliance

SKILLS AND QUALIFICATIONS

Minimum education qualification HND/ BSc. in Finance/Accounting/Banking/Economics
• Minimum of 7 years relevant post-graduation experience in Finance/Accounting/Banking/Treasury function
• Knowledge of Accounting software (e.g. SAP) and Microsoft Office and possession of excellent analytical skills