Treasury Executive at Rainoil Limited

Job Summary 

The treasury executive is responsible for cash deposits, withdrawals and payments, petty cash administration and monitoring the organization\'s cash position.

Duties and Responsibilities

• Maintains records to allow easy disbursement, reconciliation and replenishment
• Makes prompt payment to suppliers, vendors and other creditors when due
•  Manages the petty cash register as well as spread sheets to allow for reconciliation of accounts.
•  Raises cheques and prepares confirmation and transfer letters for approved payments over petty cash limit
• Processes expense retirement ledgers to ensure proper accountability of all cash advances
•  Processes updates to bank mandates and processes new account opening forms.
• Reviews bank statements daily to ascertain correctness of charges, commissions and posted transactions.
• Processes cash, cheques or direct debit payments to suppliers, vendors and other creditors
• Processes payroll payment.
• Creates and maintains (files) accurate records of cash requests and disbursements for each department.

 Requirements

• A minimum of a bachelor\'s degree or Higher National Diploma (HND) in Finance, Accounting

Professional Experience:

• Minimum of 3 years of experience in treasury roles

Skills and Competencies:

• Strong understanding of financial services.
• Excellent communication and interpersonal skills.
• Proficiency in Microsoft Office Suite.
• Strong leadership and relationship management skills.
• Knowledge of treasury management principles, banking ethics, compliance, Know Your Customer (KYC), and Anti-Money Laundering (AML) regulations.
• Familiarity with International Financial Reporting Standards (IFRS), Generally Accepted Accounting Principles (GAAP), and tax compliance standards.

Professional Certifications:

• Certifications such as Chartered Financial Analyst (CFA), Association of Chartered Certified Accountants (ACCA), or Institute of Chartered Accountants of Nigeria (ICAN) are advantageous.