Company Info
Large organization
200 + Employees
Rainoil Limited is an integrated downstream oil and gas company. A prominent player in the Nigerian industry, the company’s operations span across the downstream value chain i.e. Petroleum Product Storage, Haulage/Distribution and Retail Sales.
Rainoil Limited is an integrated downstream oil and gas company. A prominent player in the Nigerian industry, the company’s operations span across the downstream value chain i.e. Petroleum Product Storage, Haulage/Distribution and Retail Sales. Our primary products include Petrol (PMS), Diesel (AGO) and Kerosene (DPK).
1). Treasury Executive
Location: Lekki, Lagos
Employment Type: Full Time
Job Summary
- The treasury executive is responsible for cash deposits, withdrawals and payments, petty cash administration and monitoring the organization’s cash position.
Duties and Responsibilities
- Maintains records to allow easy disbursement, reconciliation and replenishment
- Makes prompt payment to suppliers, vendors and other creditors when due
- Manages the petty cash register as well as spread sheets to allow for reconciliation of accounts.
- Raises cheques and prepares confirmation and transfer letters for approved payments over petty cash limit
- Processes expense retirement ledgers to ensure proper accountability of all cash advances
- Processes updates to bank mandates and processes new account opening forms.
- Reviews bank statements daily to ascertain correctness of charges, commissions and posted transactions.
- Processes cash, cheques or direct debit payments to suppliers, vendors and other creditors
- Processes payroll payment.
- Creates and maintains (files) accurate records of cash requests and disbursements for each department.
Requirements
- A minimum of a bachelor’s degree or Higher National Diploma (HND) in Finance, Accounting
Professional Experience:
- Minimum of 3 years of experience in treasury roles
Skills and Competencies:
- Strong understanding of financial services.
- Excellent communication and interpersonal skills.
- Proficiency in Microsoft Office Suite.
- Strong leadership and relationship management skills.
- Knowledge of treasury management principles, banking ethics, compliance, Know Your Customer (KYC), and Anti-Money Laundering (AML) regulations.
- Familiarity with International Financial Reporting Standards (IFRS), Generally Accepted Accounting Principles (GAAP), and tax compliance standards.
Professional Certifications:
- Certifications such as Chartered Financial Analyst (CFA), Association of Chartered Certified Accountants (ACCA), or Institute of Chartered Accountants of Nigeria (ICAN) are advantageous.
Application Closing Date
30th January, 2025.
===
===
2). Plant Account Officer
Locations: Lagos, Anambra, Cross River, Delta, Edo, Ondo & Osun
Employment Type: Full-time
Job Summary
- To manage the petty cash inflow and outflow of Rainoil’s stations and depots as well as maintaining accurate records/books on transactions.
Roles & Responsibilities
- Facilitates the availability of funds to meet day-to-day operational petty cash expenses and emergencies.
- Maintains records to allow easy disbursement, reconciliation, and replenishment.
- Processes expense retirement ledgers to ensure proper accountability of all cash advances.
- Creates and maintains records of cash requests and disbursements.
- Reconciles all received cash, which have been recorded in the petty cash book, with expenses.
- Processes payment for accounts and issuing receipts.
- Keeps records of amounts received and paid, and regularly checking the cash balance against this record.
- Collects money from bank for safe keeping before reimbursements.
- Files all documents concerning cash payment and collection.
- Responds to queries regarding approvals, payment limits and deadlines for retirements etc.
- Retires the various imprest accounts.
- Prepares daily and weekly collections and payment summary reports for review by the station supervisor.
Qualifications
Required:
- Minimum of One (1) year work experience in a similar role
- Minimum of an BSC/HND in Accounting, Banking/Finance & Economics.
Application Closing Date
Friday, 24th January, 2025.
How to Apply: Interested and qualified candidates should use the detaisl below to apply:
- Treasury Executive
- Plant Account Officer – recruitment@rainoil.com