Description
Job Purpose:
The Cash and Credit Officer will manage efficiently the company’s Local Banking Operations and ensure security of cash, bank and receivables within Treasury in consultation with the Treasurer and Finance Manager.Principal Responsibilities:
Principal Responsibilities:
A. Assist Treasurer to Ensure proper management of cash and OD facilities at all times.
- Maintain Bank Balances to support the treasurer ensure minimum cost of borrowing.
- Matching and clearing for receipts (Bank transit accounts)
- Bank statements uploading and releasing
B. Manage and maintain banking relationships as per the Group Treasury guidelines and Local Treasury Policy for
- Liase with bank on opening and tracking LCs
- Carry out local supplier’s payments processed as per terms and procedures.
- Carry out Forex payments are processed according to terms, procedures and with minimum exposure
- Ensure issuance of bonds and guarantees on timely basis and properly controlled
- Proper management of securities/guarantees, valuation and monitoring of expiry dates.
- To mail central credit team for unblocking new customers ‘accounts
- To process any Debit and Credit notes
- Matching and Clearing for only customers with zero balances
- Transfer of TPE’s amount to the dealers ‘fuel accounts
- 1-Card invoices cancellation
- New customer creation in line with KYC
- Periodic review of customer database.
- Conduct data integrity audits
- Review and remove inactive accounts from the system.
- Provide information/reports required by auditors on any audit exercise being conducted by the OU.
C. Timely Order processing (including payment plans) and delivery to customers on time
- Proper management of securities/guarantees, valuation and monitoring of expiry dates.
- To mail central credit team for unblocking new customers ‘accounts
- To process any Debit and Credit notes
- Matching and Clearing for only customers with zero balances
- Transfer of TPE’s amount to the dealers ‘fuel accounts
- 1-Card invoices cancellation
- New customer creation in line with KYC
- Periodic review of customer database.
- Conduct data integrity audits
- Review and remove inactive accounts from the system.
- Provide information/reports required by auditors on any audit exercise being conducted by the OU.
D. Credit Performance compliance
- New customer creation in line with KYC
- Periodic review of customer database.
- Conduct data integrity audits
- Review and remove inactive accounts from the system.
- Provide information/reports required by auditors on any audit exercise being conducted by the OU.
Requirements
- At least a Bachelor’s degree in Commerce, Accounting or related fields
- Professional qualification in Accounting.
- Treasury, Bank experience an advantage but not a must
- The job hinges on integrity and honesty of the jobholder.
- Treasury Policies & Procedure – can do
- Processing supplier payments- can do
- Manage Cash planning – can do
- Banking Transaction – can do
- Risk & forex exposure – can do
- Business Controls framework – Working knowledge.
Benefits
The job offers the following among other benefits:
- A competitive basic salary based on qualification and experience
- Medical insurance for the employee and family (spouse+ up to 4 legitimate/adopted children)
- A supplementary pension scheme paid with a private insurance company
- Other allowances: meal allowance, canteen allowance, airtime allowance, etc.
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