Cash Management and Payments Officer at Nigerian Exchange Group (NGX Group)

Job Summary

• We seek an individual who will be responsible for managing incoming and outgoing cash effectively.
• He/She will Liaise with banks and maintain security and confidentiality of financial records.
• The Cash Management and Payment Officer, this position reports to the Team Lead, Cash Management and Payment.

Responsibilities

• Ensure up to date database of operating banks, their account details and facilitate documentation requirements.
• Ensure timely payment of payroll transactions/staff reimbursement.
• Ensure timely payment of statutory dues of the company (VAT/WHT).
• Ensure vendors payments accuracy and timeliness in accordance with contractual obligations and turnaround time on NGX-GAAPs.
• Monitor bank balances and performing bank fee analysis.
• Ensure timely preparation of monthly reconciliation of all banks maintained by Nigerian Exchange and follow up of unreconciled transaction with the concerned department.
• Ensure compliance with internal controls, policies and procedures.
• Ensure reconciliation of various treasury related GL code with trial balance.
• Ensure processing of all cash and bank transactions in business system (ERP).
• Ensure preparation of weekly reconciliations of all bank accounts maintained by Nigerian Exchange.
• Ensure all cheque payments are supported by authorized invoices.
• Ensure cash advance ledger is reconciled monthly and retirement are supported by appropriate documentation and authorized signatory.
• Ensure prompt, efficient and accurate service in processing requests and transactions on NGX GAPs electronic payment platform.
• Take corrective action to resolve issues such as payment discrepancies

Person Specification & Required Qualification (s)

• B.Sc./HND degree in Banking, Accounting, Finance, Economics or similar field;
• Minimum of 2-5 years cognate experience in a similar role;
• 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.