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

Job Detail

Job ID 30221
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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