Junior Officer, Treasury & Financial Risk Management at Abuja Electricity Distribution Company (AEDC Plc)

Role Purpose Statement

• Assist in treasury related matters of the company.

Major Roles / Responsibilities

• Prepare revenue reports and carryout bank reconciliation for the purpose of decision making on monthly basis.
• Maintain professional relationship with financial institutions and ensure adherence to bank best practices.
• Critically analyse revenue reports, review bank cashbooks and proffer advanced bank reconciliation methods with high level of professionalism.
• Assist in negotiating and recommend means of bridging liquidity gaps.
• Assist in preparing and maintaining an insurance policy for the company.
• Analyses insurance needs and secures optimum coverage for the organization.
• Process crystallised insurance claims timely. Liaise with the company’s insurers/assurers Assist in maintaining a financial risk register.
• Monitor and recommend quality investment decisions for the company to achieve its objectives and goal.
• Assist in developing risk and cost assessment report on all investment decisions.
• Assist in the periodical evaluation of performance of predetermined investment portfolios.
• Prepare bank reconciliation of all Company’s bank accounts and follow-up on timely resolution of reconciling items/variables.
• Monitor and review revenue activities of the Area Offices.
• Review reconciled costs and charges in bank accounts.
• Monitor market trend and supply data to your line supervisor for the purpose of advising management on the purchase of foreign currency (FCY).
• Ensure FOREX needs are meet – Purchase of FX, LC, Bill of collections etc.
• Review cash inflows and outflows.
• Monitor cashflow plan monthly utilisation of funds.
• Ensure compliance to Federal and State laws and rules on Treasury and risk management.
• Post all transactions on company’s accounting software.
• Understanding of market conditions, trends and overall economic outlook.
• Perform supervisory role to subordinates.
• Should be able to stand-in for the Senior Analyst in his/her absence.
• Other roles as assigned by the Treasurer.

Academic and Professional Qualifications

• Degree in Banking and Finance, Accounting, Business Administration, Economics, other analytical degree
• ICAN/ANAN/ACCA- will be an added advantage.

Work Experience:

• Minimum 3 years corporate experience in relevant field (Financial Institutions or Treasury departments).