Cash Management Officer at Nigerian Stock Exchange

Division: CEO
Department: Finance Group
Report to: Team Lead - Treasury
Grade: Executive Assistant - Officer
Estimated Date of Resumption: Monday, November 4, 2019

Job Summary

• Cash Management Officer manages the Exchange’s incoming and outgoing cash effectively on a daily, weekly, and monthly basis. Liaise with banks and maintain security and confidentiality of financial records.

Key Responsibilities

• Maintains database of operating banks, their account details and facilitate documentation requirements
• Ensuring timely payment of payroll transactions / staff reimbursement
• Ensuring timely payment of statutory dues of the company (VAT/WHT)
• Processing of vendor payments to ensure accuracy and timeliness in accordance with contractual obligations and turnaround time on NSE-GAPs
• Monitoring bank balances and performing bank fee analysis
• Ensuring timely preparation of monthly reconciliation of all banks maintained by The Exchange and follow up of unreconciled transaction with the concerned department
• Ensure compliance with internal controls, policies and procedures
• Reconciliation of various treasury related GL code with the trial balance
• Processing of all cash and bank transactions in business system (ERP)
• Preparation of weekly reconciliations of all bank accounts maintained by the Exchange
• Ensure that all cheque payments are supported by authorized invoices
• Ensure that the cash advance ledger is reconciled monthly and retirement are supported by appropriate documentation and authorized signatory
• Make calls to the bank directly to clarify adjustments or to clarify items on the bank statements in order to reconcile activity
• Ensure that sufficient fund are available in the bank account maintained by The Exchange to meet ongoing operational requirement
• Provides prompt, efficient and accurate service in processing requests and transactions on NSE-GAPs electronic payment platform
• Resolves a variety of clients, customers and staffs complaints and inquiries
• Administration of debit MasterCard’s and opening / closing new card accounts
• Review and reconcile transactions carried out on the Exchange’s POS Terminal
• Take corrective action to resolve issues such as payment discrepancies
• Maintain documentation to support requests for account adjustments
• Effectively communicate with teammates to address issues and needs
• Performs other duties as assigned or as the situation dictates

Key Relationships
Internal:

• Daily interaction with the Finance Team, all Business Units, Internal Audit & Risk Management Teams

External:

• Daily interaction with NSE Bankers especially at the operational level; external auditors, and Management

Qualifications and Experience
To successfully deliver the above goals, the right candidate must have:

• University Degree with emphasis on Economics, Finance & Accounting or any other numerate courses (sciences and Engineering)
• At least one relevant professional qualifications e g ACCA, ACA
• Customer service orientation and negotiation skills
• Excellent analytical, problem solving and decision making skills Knowledge of general accounting principles, regulatory standards and compliance requirements.

Functional Competencies:

• Project Management
• Microsoft Office Packages
• Excellent oral and written communication skills

Behavioural Competencies:

• Accountability
• Collaboration
• Inter-Personal Relations
• Ability to work independently on multiple assignments and projects concurrently
• Ability to maintain a high level of confidentiality in handling sensitive information
• Ability to maintain well-organised electronic files