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Holcim is the company behind some of the world’s most trusted brands in the building sector including ACC, Aggregate Industries, Ambuja Cement, Disensa, Firestone Building Products, Geocycle, Holcim and Lafarge. Holcim is 70,000 people around the world who are passionate about building progress for people and the planet through four business segments: Cement, Ready-Mix Concrete, Aggregates and Solutions & Products.
We are recruiting to fill the position below:
Job Title: Treasury Operations Analyst
Job Code: DJOB Location: Lagos, Nigeria
Contract Type: Regular, Full-Time
Local / International: Local Employment
Function: Finance
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.