Treasury Officer

Audit Data Preparation

• Managing Month end reporting and settlements.
• Carry out all Treasury accounting entries for Ducab and DHV such as interbank transfers, bank charges and other treasury payments to ensure all treasury transactions are correctly recorded in the books of accounts.
• Apply for the loan from the bank and ensure timely credit of loans and repayment of loans.
• To support group Treasury & Risk Manager in the efficient and proactive management of banking activities of Ducab and to ensure proper recording, settlement, tracking & reporting of all banking activities.
• Monitor and maintain the daily operational affairs with financial institutions to ensure general financial payments and receipts for all departments are timely cleared.
• Monitor the daily cash funds position for each bank and prepare the cash flow forecast determining the inter-bank transfers for optimum utilization of funds.
• Issuance, Amendment & monitoring of trade finance products (Letter of credit and bank guarantees, SBLC’s).
• Performing reconciliations of 75+ bank accounts to identify discrepancies and ensure accuracy in the month end closing balances.
• Maintain the surplus cash position through efficient treasury management to improve profitability through effective funds management.
• Recording & Reporting of outstanding position and charges relating to same.
• Forecasting weekly cash flow requirements and optimizing cash utilization.
• Assess the adequacy and availability of funds at minimum financing costs and risks to meet company’s short- and long-term cash requirements.
• Accounting of gain/loss on foreign exchange forward deals.
• Liaise with various banks to obtain financial information such as bank statements and status of outstanding loans position.
• Check confirmations from banks and brokers for all Commodity Hedging deals to highlight any errors, obtain approvals and effect settlement for all the deals based on the maturity dates.
• To Monitor the cash funds position of Ducab to assess the adequacy and availability of funds at minimum financing costs and risks.
• Preparing/Providing audit data relating to treasury and commodity related transactions to facilitate the treasury manager to close the treasury audit on the agreed timelines
• Prepare Foreign Exchange instructions to ensure appropriate foreign currency payments are made.
• Assist Ducab in setting up new corporate bank accounts, Periodic KYC and completing corporate credit card applications for its business and management.
• Track and provide an update to the status analysis report for short- and medium-term loans, settlement and MTM reports, and monitoring repayment dates to ensure timely availability of funds.

Desirable: Specialized training in Treasury Management.

Good knowledge of computerized accounting packages. Ability to work independently in an ERP environment e.g., SAP

Job Skills: Accounting skills, good communication, proficiency in spreadsheet analysis and interpretation.

Experience: 2 years of relevant accounting or financial management experience in a manufacturing

Good knowledge of Treasury function with some training in financial analysis.

Financial Payments