Holcim builds progress for people and the planet. As a global leader in innovative and sustainable building solutions, Holcim is enabling greener cities, smarter infrastructure and improving living standards around the world. With sustainability at the core of its strategy Holcim is becoming a net zero company, with its people and communities at the heart of its success. The company is driving the circular economy as a world leader in recycling to build more with less.
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.
Education / Qualifications
- B.Sc. Degree (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
Application Closing Date
Not Specified.
https://www.hotnigerianjobs.com/hotjobs/482187/treasury-operations-analyst-at-holcim-nigeria.html