Treasury Assistant
DUTIES AND RESPONSIBILITIES
Daily cash management
- Monitor and manage daily cash position and cash flows in co-ordination with all internal and external parties involved and in line with Treasury Finance policies.
- Be primary contact person with banks in respect of daily cash management matters.
- Execute foreign exchange deals on online trading platform.
- Insert and effect other payments not processed by back office
- Authorise beneficiaries in online banking
- Maintain signatory authorisations in electronic banking systems and with banks.
Documentary credit
- Monitor credit limits under PCG / BG in discussion with operations team / supplier.
- Prepare, review and approve Letters of Credit, Letters of Indemnity, bank guarantees.
- Related amendments based on discussion with Group Treasurer/Supply teams and bank/supplier.
- Review credit terms of supply contracts and ensure that group finance compliance standards are met.
- Check (discuss internally and with supplier) and approve/reject shipping documents presented under LCs; monitor and follow up on LOIs.
- Check LC/BG costs.
- Check receivable LCs and bank guarantees from customers on the group level
Other
- Prepare monthly treasury reports
- Prepare weekly liquidity statements
- Maintain and assist in implementation of new treasury software and/or electronic banking set ups
- Anticipate and propose solutions to problems arisen from cash management.
- Keep abreast of changes in the financial markets.
KEY REQUIREMENTS
- Excellent interpersonal, written and verbal communication skills.
- Ability to work under pressure and meet tight daily deadlines.
- Pro-active and self-motivated.
- Professional manner.
- Tact and the ability to deal with difficult situations.
- Diligent.
- Sound business acumen and good judgment of business and financial risks.
- Hands-on person.
EXPERIENCE
- At least 3 years' oil industry experience
- Experience of cash management.
- Understanding of LCs, bank guarantees, cash pooling
***Oil Recruitment has been working with some of the world’s leading banks, trading companies, major oil companies and utilities within the energy trading arena since 1998. We work on roles in trading, broking, risk, credit, quantitative analysis, consultancy, shipping, chartering, operations and contract analysis across the upstream and downstream energy markets in crude, oil products, gas, power and carbon.
To learn more about our business and to see details of our other vacancies visit www.oilrecruitment.co.uk.
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