Oando Plc Recruitment for Banking Officer

Oando Plc is one of Africa’s largest integrated energy solutions provider with a proud heritage. It has a primary listing on the Nigeria Stock Exchange and a secondary listing on the Johannesburg Stock Exchange. With shared values of Teamwork, Respect, Integrity, Passion and Professionalism (TRIPP).

We are recruiting to fill the position below:

Job Title: Banking Officer

Location: Lagos
Job Type: Full-time
Entity: Oando Energy resources
Unit / Department: Finance
Reports To: Treasury Manager
External Contacts: Bank Relationship Managers (Foreign and Local Banks) and Auditors

Overall Purpose of Job

• The Treasury/Banking officer is responsible for the day to day activities of the treasury department i.e. bank movements, balances & charges reviews.
• Also to plan, assess, monitor, and manage the efficient utilization of cash and financial resources in a manner consistent with the agreed procedures and objectives of the Company.

Scope of Responsibility & Accountability

• Review and consolidate Bank Reconciliation and Fund Management analysis
• Review bank entries and 1st level approval for transactions
• Prepare and analyze Cash flow Forecast & Debt management Facility Reviews
• Operational Bank and cash coordination

Essential Function

• Review and consolidate Multi-level GL and bank reconciliations.
• Ensure compliance with bank account bank account procedures.
• Ensure treasury operational functions such as cash management, cash forecasting, and interest rate monitoring.
• Reviewing Cashflow forecasts and consolidating reports
• Approve system inputs including raising of Receipts on payments (via AR).
• Review booking of loans and deposits (short and long term)
• Consolidate the Group debt schedules for the Group financial statements.
• Set up all bank mandate documentations and maintain bank related records
• Support Treasurer in Managing debt obligations and lender relationships.
• Ensure day to day control of bank accounts to maintain an adequate level of working capital.
• Review and consolidate weekly cash flow & liquidity report

Non-Essential Function:

• Review internal treasury reporting which includes treasury reporting which includes variance analysis and supporting schedules implementing efficient global cash management system, cash forecasting and variance analysis.
• Assist with Interest rate risk/exchange rate management through tools such as Swap management through tools such as Swap instruments and forwards.
• Authorize the petty cash system and regularly review the petty cash process.

Job Specification

• 1st Degree from a reputable University with bias for Social Science and Accounting and Finance courses.
• Professional Certification (ACA, ACCA, CPA) is desirable but not compulsory.
• Minimum of 4 years work experience within a reputable and structured organization preferably an Oil & Gas multinational.
• Excellent knowledge of Microsoft excel, financial modelling and power point.

Core Competencies:

• Competency & Level
• Oil & Gas industry dynamics - Medium
• Creativity & Innovation - Low
• Organization/Administration abilities - High
• Good Interpersonal Relations - Medium
• Good Oral & Written Communication - High.
• Financial Reporting & Modelling - Medium
• Knowledge of Corporate Treasury & Cash Forecasting techniques - Medium
• Analytical & Research minded - Medium
• Microsoft office skills - High

Key Performance Indicators:

• Timely submission of all assigned reports
• Ensure treasury control functions
• Support treasurer and Treasury Manager in cash planning
• Efficient transaction processing.

How to Apply
Interested and qualified candidates should:
Click here to apply