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Cash Management Officer At The Nigerian Stock Exchange

Date Posted: 12/Sep/2019
Deadline: 24/Sep/2019

The Nigerian Stock Exchange, services the largest economy in Africa, and is championing the development of Africa's financial markets. The Exchange offers listing and trading services, licensing services, market data solutions, ancillary technology services, and more. It is an open, professional and vibrant exchange, connecting Nigeria, Africa and the world.

Cash Management Officer

Division: CEO
Department: Finance Group
Report to: Team Lead - Treasury
Grade: Executive Assistant - Manager
Estimated Date of Resumption: October 28, 2019

Job Summary

  • Cash Management Officer manages the Exchange’s incoming and outgoing cash effectively on a daily, weekly, and monthly basis. Liaise with banks and maintain security and confidentiality of financial records.

Key Responsibilities

  • Maintains database of operating banks, their account details and facilitate documentation requirements
  • Ensuring timely payment of payroll transactions / staff reimbursement
  • Ensuring timely payment of statutory dues of the company (VAT/WHT)
  • Processing of vendor payments to ensure accuracy and timeliness in accordance with contractual obligations and turnaround time on NSE-GAPs
  • Monitoring bank balances and performing bank fee analysis
  • Ensuring timely preparation of monthly reconciliation of all banks maintained by The Exchange and follow up of unreconciled transaction with the concerned department
  • Ensure compliance with internal controls, policies and procedures
  • Reconciliation of various treasury related GL code with the trial balance
  • Processing of all cash and bank transactions in business system (ERP)
  • Preparation of weekly reconciliations of all bank accounts maintained by the Exchange
  • Ensure that all cheque payments are supported by authorized invoices
  • Ensure that the cash advance ledger is reconciled monthly and retirement are supported by appropriate documentation and authorized signatory
  • Make calls to the bank directly to clarify adjustments or to clarify items on the bank statements in order to reconcile activity
  • Ensure that sufficient fund are available in the bank account maintained by The Exchange to meet ongoing operational requirement
  • Provides prompt, efficient and accurate service in processing requests and transactions on NSE-GAPs electronic payment platform
  • Resolves a variety of clients, customers and staffs complaints and inquiries
  • Administration of debit MasterCard’s and opening / closing new card accounts
  • Review and reconcile transactions carried out on the Exchange’s POS Terminal
  • Take corrective action to resolve issues such as payment discrepancies
  • Maintain documentation to support requests for account adjustments
  • Effectively communicate with teammates to address issues and needs
  • Performs other duties as assigned or as the situation dictates

Key Relationships
Internal:

  • Daily interaction with the Finance Team, all Business Units, Internal Audit & Risk Management Teams

External:

  • Daily interaction with NSE Bankers especially at the operational level; external auditors, and Management

Qualifications And Experience
To successfully deliver the above goals, the right candidate must have:

  • University degree with emphasis on Economics, Finance & Accounting or any other numerate courses (sciences and Engineering)
  • At least one relevant professional qualifications e g ACCA, ACA
  • Customer service orientation and negotiation skills
  • Excellent analytical, problem solving and decision making skills Knowledge of general accounting principles, regulatory standards and compliance requirements.

Functional Competencies:

  • Project Management
  • Microsoft Office Packages
  • Excellent oral and written communication skills

Behavioural Competencies:

  • Accountability
  • Collaboration
  • Inter-Personal Relations
  • Ability to work independently on multiple assignments and projects concurrently
  • Ability to maintain a high level of confidentiality in handling sensitive information
  • Ability to maintain well-organised electronic files

Method of Application

Note: The intent of this job description is to provide a representative summary of the types of duties and responsibilities that will be required of positions given this title and shall not be construed as a declaration of the specific duties and responsibilities of any particular position.

Method of Application

Interested and qualified? Click the Apply now button to send your application

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