Cash Management and Payments Officer at Nigerian Exchange Group (NGX Group)

Full time @ListingAPI-2 in Fintech Email Job
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Job Detail

  • Job ID 30225
  • Experience See Job Description
  • Gender Male or Famele
  • Qualifications See Job Description

Job Description

Nigerian Exchange Group (NGX Group) is a leading financial market infrastructure provider in Africa, connecting Nigeria, Africa and the world.

We are recruiting to fill the position below:

Job Title: Cash Management and Payments Officer

Location: Lagos

Job Summary

  • We seek an individual who will be responsible for managing incoming and outgoing cash effectively.
  • He/She will Liaise with banks and maintain security and confidentiality of financial records.
  • The Cash Management and Payment Officer, this position reports to the Team Lead, Cash Management and Payment.

Responsibilities

  • Ensure up-to-date database of operating banks, and their account details and facilitate documentation requirements.
  • Ensure timely payment of payroll transactions/staff reimbursement.
  • Ensure timely payment of statutory dues of the company (VAT/WHT).
  • Ensure vendor’s payment accuracy and timeliness in accordance with contractual obligations and turnaround time on NGX-GAAPs.
  • Monitor bank balances and perform bank fee analysis.
  • Ensure timely preparation of monthly reconciliation of all banks maintained by Nigerian Exchange and follow up of unreconciled transactions with the concerned department.
  • Ensure compliance with internal controls, policies, and procedures.
  • Ensure reconciliation of various treasury-related GL codes with trial balance.
  • Ensure processing of all cash and bank transactions in the business system (ERP).
  • Ensure preparation of weekly reconciliations of all bank accounts maintained by Nigerian Exchange.
  • Ensure all cheque payments are supported by authorized invoices.
  • Ensure cash advance ledger is reconciled monthly and retirement are supported by appropriate documentation and authorized signatory.
  • Ensure prompt, efficient and accurate service in processing requests and transactions on NGX GAPs electronic payment platform.
  • Take corrective action to resolve issues such as payment discrepancies

Person Specification & Required Qualification (s)

  • B.Sc / HND Degree in Banking, Accounting, Finance, Economics or a similar field;
  • 2-5 years cognate experience in a similar role;
  • At least one relevant professional qualification 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.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should send an updated Resume to: talentmanagement@ngxgroup.com using “NGX Recruitment- Cash Management and Payments Officer” as the subject of the email.

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