Job Purpose:
The Treasury Assistant plays an essential role in supporting the treasury team with the management of local treasury, credit control, and financial reporting. This role supports the efficient functioning of operations and the implementation of treasury-related activities that are in harmony with Vivo Energy's financial strategies.
Main Responsibilities:
- Ensure you of updating the Treasury procedures and help comply with.
- Run at least twice a year the Treasury Control Self-Assessment to make sure that an appropriate Treasury control is framework is in place.
- Complete cash forecasting at least on a monthly basis. Analyze variances between forecast and actuals.
- Ensure control and accounting entries on interest and commissions charged by banks.
- Negotiate foreign exchange rates with banks in case a separate forex activity is not implemented (small and medium OUs).
- Ensure cash balancing and interbank transfers.
- Ensure monthly reconciliation of treasury accounts and no outstanding hold than 01 month.
- Ensure Treasury reporting
- Ensure follow up on bank guarantees in and out
- Assist Finance Control clear up bank reconciliation pending items.
- Assist in credit control as and when requested by the treasurer and credit controller
- Deputize for the Treasurer/Credit controller in his absence.
Tasks of Credit Controller & Treasury Assistant
- Pay vendor invoices
- Drafting and monitoring of deposits of letters addressed to banks
- Control of parts and validation of cash register mists
- Control and endorsement of drafts and checks to be deposited in the bank
- Communication and follow-up of complaints to banks
- Export and analysis of statements from all banks
- Analysis of the daily cash position (Balances and operations in progress)
- Business support related to treasury: transmission of payments received at the bank, verification of mandates, etc.
- Preparation of the daily cash flow situation
- Settlement of direct debits on fuel suppliers Treaties
- Collection of all monthly bank statements for bank reconciliations and goal zero.
- Extraction and reprocessing of SAP entries for bank reconciliations
- Analysis and allocation of bank charges and interest for accounting, verification of interest scales
- Analysis and commentary on bank suspense
- Collection and constitution of bank documents related to costs and interest are incurred.
- Assist the FTR in the development of Cash Management Reports
- Assist the FTR in the preparation of the monthly variance analysis report.
- Analysis, research of documents and regularization of bank suspense
- Ensure that the interest expense cost is under control and optimized
Key Challenges:
The incumbent must meet the changing needs of the business, applying Vivo Energy Policies and standards, and contributing actively to numerous Group initiatives.
Requirements
Education and Qualifications:
- Master's degree in finances, economics, or certified accountant
- Knowledge of Vivo Energy Group Governance standards and policies.
- Fluent in English and French
- Good communications skills
- Familiarity with bank reconciliations and treasury operations.
Skills:
- Functional Finance Leadership
- Risk Management
- Governance and Business Controls
- Accounting Operations
- MI and business decision support
- Taxation
- Commercial activities
- Ability to work collaboratively in a team-oriented environment.
- Attention to detail and accuracy in financial reporting.
NB: Applications from candidates should be submitted before February 10th, 2025.
Only selected candidates will be contacted.
