Treasury Operations Analyst at Holcim

Overview

Under authority of the AP and Transactional Treasury Manager

• Recognise and Post all Treasury and Trade related transactions paid through Bank on SAP

• Reconcile Bank Trade report to the Company Books (GL Ledger) on Short Term Loan, Deposit for LC, Cash in Transit and Contingent balances on Monthly Basis.

• Update the Trade Master file with all payments, forwards purchased, status of shipping documents etc received on Letters of Credit

• Ensure monthly reconciliation with Banks and Bank Reconciliation team to clear open items

• Share monthly Trade and Treasury report: FX allocations (CBN forwards, Bank FX and Others), LC report, Payment report

• Ensure Quarterly reconciliation is done with Banks in line with Audit proposal to ensure minimal open items at Year end

• Ensure Charges on transactions are reviewed in line with existing facility approvals.

• Collaboration with Banks to ensure Trade reports are shared as at when due,

• Collaboration with internal Stakeholders: Industrial, Procurement, shipping teams for smooth operations as related to documents for processing LCs, postings transaction and payment on already shopped goods

• Proper booking of all treasury related journals.

• Follow-up and monitor deposit for advance; this include interest charges and interest income computation

• Support monthly Bank reconciliation review and posting.

• Management of Trade and FX services; LCs and OTT.

• Preparation of Monthly journal on LC and OTT transactions.

• Bank relationship management

Responsibilities

Health & Safety:

• Ensure that safety rules and standards are maintained at all times.

Trade Operations:

• Post and recognize all Trade transactions paid by Bank on SAP within 7 days of creations of the noted items. F-53

• Raise journals to GL team for all trade transaction postings- FX purchases, forwards, Debit to account for Trade related transactions

• Payment report to be shared on the 3rd of every month

• Forward reports to be shared on the 3rd of every month

• Outstanding Liabilities to Vendor & Bank; Banks to be share on the 5th of every month

• Contingent Reports to be shared on the 3rd of every month

• Share vendor due payments with the Banks for FX purchases every fort nightly.

• Close all LC discrepancies with the Banks on payment every month

Trade Management (Letter of Credit Administration):

• Recognise and Post all Treasury and Trade related transactions paid through Bank on SAP

• Reconcile Bank Trade report to the Company Books (GL Ledger) on Short Term Loan, Deposit for LC, Cash in Transit and Contingent balances on Monthly Basis.

• Update the Trade Master file with all payments, forwards purchased, status of shipping documents etc received on Letters of Credit

• Ensure monthly reconciliation with Banks, Bank Reconciliation team to clear open items

• Share monthly Trade and Treasury report: FX allocations (CBN forwards, Bank FX and Others), LC report, Payment report

• Ensure Quarterly reconciliation is done with Banks in line with Audit proposal to ensure minimal open items at Year end

• Ensure Charges on transactions are reviewed in line with existing facility approvals.

• Collaboration with Banks to ensure Trade reports are shared as at when due,

• Collaboration with internal Stakeholders: Industrial, Procurement, shipping teams for smooth operations as related to documents for processing LCs, postings transaction and payment on already shopped goods

• Manage all Letter of Credits (LC) for the suppliers

• Ensure that unutilised LC balances are refunded on a timely basis

• Ensure all LC documentations are finalised within stipulated period of time.

Reporting & Control:

• Daily status report on FX recons to GL

• Comprehensive FX outstanding report within TAT(Turnaround Time)

• Un-utilized 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.

Education/Qualifications

• BSc (Accounting, Economics, Statistics, Banking & Finance etc.)

• ACA/ACCA

Experience

• 3 years demonstrated experience Treasury Operation management

Knowledge & Skills

Technical / Functional Skills:

• Good knowledge of Microsoft Excel

• Banking Regulations

• Trade & FX management

• Treasury Operations Management

• Familiarity with SAP systems

• Accounting principles

• Experience in a Logistic Service provider with emphasis in trade management will be an advantage.

Behavioral Competence:

• Strong leadership potential

• Strong integrity, ethics and trustworthiness

• Strong attention to details

• Good interpersonal skills

• Strong team player

• Adaptable

• Tact and tolerant

• Ability to work well under pressure and adhere to set deadlines

• Resilient and Motivated

Leadership and Managerial Abilities:

• Excellent management skills and ability to organize and plan effectively to meet both short and long range goals and objectives.

• Ability to manage multiple project plans successfully and simultaneously.

• Ability to motivate individuals and teams

• Able to coach and direct a diverse team

Language Requirements

Professional Proficiency in English Language