Treasury and Payables Accountant – ORYX Oil Zambia Ltd
Full Time, Lusaka, Zambia
Closes: June 12, 2020
PURPOSE OF THE ROLE:
To effectively monitor OOZL cash flow and control money transmission tools within the affiliate and Group. The role is heavily inclined to managing bank accounts, maintaining and updating financial records as well as performing banking operations and handling the cash management system at local and group level. The employee will act as a focal point of communication between clients and other members of the OOZL management team and other key stakeholders.
JOB TITLE: TREASURY AND PAYABLES ACCOUNTANT
JOB DESCRIPTION
Cash in Hand
Follow up on all outstanding uncleared deposits with Sales Team
Resolve outstanding issues with the Bank promptly
Ensure that cash receipted is banked within 24hrs
Ensure that daily receipt summary in Pastel correspond with deposits
Prepare and submit Post Dated Cheques list to the Finance Manager
Ensure that adequate petty cash float is available
Ensure that petty cash account is reconciled
Receipting
Ensure that money transfers received are receipted and the customer receipt is produced and sent accordingly.
Ensure that customers are depositing/transferring funds in the correct account.
Liaise with the Credit Controller to ensure that receipts are receipted in the correct customer account.
Ensure that cash from Service Stations is properly receipted and deposited
Carry out random audits on Service Stations to determine that proper receipting and banking procedures are followed
Payables
Supervise the loading of supplier invoices into Pastel
Ensure that supplier product invoices are received and loaded in Pastel on time
Ensure that imported product invoices are loaded in pastel on time every day
Reconcile supplier accounts in Pastel to supplier statement on a monthly basis.
Review Supplier Aged listing with the Finance Manager
Ensure that Debt swaps between suppliers and debtors are done regularly
Manage Advance payments to suppliers
Supervision of accounting tasks such as purchase orders
loaded in Pastel by Admin Assistants
Payments
Ensure that a payment voucher is raised in Pastel before a transfer is done online.
Ensure that invoices are booked in Pastel before a payment voucher is raised in Pastel
Execute vendor payments expeditiously
Treasury
Monitor the movements of interest rates, exchange rates in order to maximize the value for cash and cash equivalent
Ensure that a smooth flow of cash is maintained to maximize cash availability and minimize OD costs
Recalculate interest accrued to ensure that the correct rate is applied by the bank
Direct deposits to accounts with the highest cost and to meet OD covenants
Review payment patters and prepare weekly and monthly payment estimates
Prepare Cash Balance Report to Management
Ensure that all bank covenants are met.
Others
Reconciliation and follow up on selected debtors
Capex: Make Online Capex Applications Regularly
Update/Reconcile Fixed Asset Register
Reconcile FAR to Pastel Accounts
Ensure that each company assets are tagged properly and regularly
Reconcile Balance Sheet accounts assigned to yourself.
Prepare and submit weekly cash and bank report.
Allocate the payments to the invoices: AR and AP Daily
Ensure that all claims are submitted on time to the insurers
REQUIRED TECHNICAL SKILLS, TRAINING & EXPERIENCE
Grade 12 School Certificate with merit or better in mathematical or accounting subjects
Minimum ACCA Level 2 or Equivalent
Knowledge in Sage Evolution or similar accounting package
Experience – 3 to 5 years.
Good knowledge of Zambia’s Tax system will be added advantage
Good interpersonal and communication skills
Must be a good team player, independent and self-confident.
Proficiency in microsoft office application packages (excel)
Able to work under pressure
HOW TO APPLY
Address application letters to:
The Human Resource & Communications Officer
Oryx Oil Zambia Limited
Plot No. 875 Zambia Road
P. O. Box 230074
Ndola
Interested persons should apply enclosing Academic and Professional Qualifications, plus a Comprehensive CV: stating the Position in the Subject Line of the email to – admin.zambia@oryxenergies.com
Please mention BuySellZambia.com when contacting.
