Treasury Operation Analyst at Lafarge Cement

This role is responsible for comprehensive treasury management and financial reporting, including the preparation of daily liquidity reports, monthly cash flow reports, and management of deposits and investments by negotiating favorable rates and ensuring accurate booking of interest accruals. It oversees payment processes, approves e-platform payments, and manages sales collections, resolving discrepancies in Paydirect transactions.

Additionally, the role handles trade and FX services, including Letters of Credit (LCs) and Over-The-Counter (OTC) transactions, along with the proper booking of related journals. The position monitors fixed deposit placements, manages monthly bank reconciliations, coordinates insurance matters such as premium payments and claims, and oversees petty cash transactions while maintaining strong bank relationships.

What you'll be doing

Treasury Operation

• Liquidity management
• Ensure that bank receive mandate for Account Opening and Closure promptly
• Management of Deposit and investment; Negotiating best rate and ensuring proper booking of interest accrued
• Management of payment; Approving payment on e-payment platform and reconciling with the bank Statement
• Management of sales collection on pay direct; Weekly and monthly reconciliation of sales collection (Paydirect against JDE); Resolving all issues arising from Paydirect collection affecting customers.
• Proper booking of all treasury related journals.
• Follow-up and monitor fixed Deposit placements; this include interest and roll-overs.

Trade Management (Letter of Credit Administration) 

• Ensure that LC applications received are processed within approved SLA and client segmentation
• Advice inability to process immediately to all stakeholders
• Amendment request should be processed within approved SLA
• Ensure that issuance of Letter of Credit is in line with local and international standards.
• Follow through with the advising bank and ensure that LC are advised promptly and provide clarifications where required
• Ensure that the due process is followed in processing and continuously reviewed to reflect current operations. Seek dispensation for all non-compliance
• Follow through with the advising bank and ensure that LC are advised promptly and provide clarifications where required.
• Manage all Letter of Credits (LC) for the suppliers
• Ensure prompt Opening of all LCs on Single Window.
• Ensure all shipping documents are processed by the bank and delivered to the Procurement unit within a stipulated period of time.
• Ensure that unutilised LC balances are refunded on a timely basis.
• Ensure all LC documentations are finalised within a stipulated period of time.

Reporting & Control

• Daily status report on FX recons to GL
• Comprehensive FX outstanding report with TAT(Turnaround Time)
• Unutilized LC report.
• Monthly report FX rate reporting
• Clean running reports

External Audit 

• Assist in preparing all Trade and FX Treasury related account schedules are prepared and submitted to the Head of Accounts for external audit purposes within the timeline specified.
• Ensure that audit circularization issues from the bank related to Trade and FX transactions are delivered to the banks and all discrepancies are reconciled.

What we are looking for

• Critical Knowledge
  • Banking Regulations
  • Trade & FX management
  • Treasury Operations Management
  • Familiarity with SAP systems
  • Accounting principles
  • MS-Excel Knowledge

Critical Experience

• 3 years demonstrated experience Treasury Operation management
• Experience in a Logistic Service provider with emphasis in trade management will be an advantage