Treasury Officer

Job Description

The Treasury Officer is responsible for the cash operations and letters of credit. The cash operations include duties such as preparation of cash forecast reporting, initiating and monitoring the payments, clearing the payments in SAP, maintaining efficient banking cooperation and relations, etc. The other part of the job is to be responsible in executing the documentary process, management of the Stand-By LC and Documentary L/C on both sides (import and export), management of the bid and performance bonds, other types of guarantees, presentation of invoices linked to Documentary L/C via banking channel, etc. in accordance with LITASCO SA operations and GT&Cs.Job PurposeCash OperationsMonitoring of the Cash Flow Forecast D+5/D+10 days in ETRM, communication with the Cash Operations team in the Central Treasury on timely basis (discounting flows, amounts to be paid/received, etc.)Preparation and monitoring of daily payment orders according to the instructions provided by Finance DirectorManually inputting relevant cash flows (invoices, transfers) forecasts in the SAP SEM Module and Excel FilesChecking the execution by banks of transfer instructionsEnsuring the right currency on the payment order related to the Invoices or internal rules (Forex)Bank clearing on day-to-day basis and daily posting of bank statements in SAP R3 (CITIDIRECT, Citibank, FIDES, feban transaction code)Cash optimization by arranging internal payments and managing short term investments (deposits)Trouble-shooting with regards to in and out cash flows (bank investigations, etc)Securing a proper collection of receivables by obtaining confirmation of payment and pre-advising funds to banks; Monitoring in time issuance of receivable invoicesOpening/maintenance/closure of bank accountsCo-operating closely with other department heads in order to clarify and agree upon efficient and reliable interdepartmental workflows, procedures and processesMonitoring the issuance of Corporate Credit Card and follow upLetters of CreditSubmitting the instructions to the bank(s) to issue Letter of credits/Bank Guarantees incooperation with the Operations teamEnsuring and administering all the documentary processIssuance of the Letters of credit, bank guarantee, arrange for the factoring/discounting of the receivables through the various financial institutionsMonitoring and examining of the incoming guarantees from the counterparties with strong cooperationfrom Groups LC Desk (on demand)Ensuring follow up on all the documentary process and paymentsManaging and administering import-export Letters of Credit, Guarantees, Tenders, Performance Bonds, PCOs, discounts etc.Inputting data into in-house IT systems (SAP, Documentum, Excel reports, etc)Ensuring, performing and keeping banking collaboration and contactRepresenting the Company with the banks and counterparties in relation to incoming/outgoing guaranteesAd-hoc ResponsibilitiesAssisting and backing-up the finance desk team membersAssisting the team in various additional ad hoc tasks tender preparation, contracts review, etc. REQUIREMENTS: Higher education in Accounting or Finance (ideally coupled with a professional certification);Around 1-3 years of professional experience in a similar role within the treasury department (at an international company or a bank)Excellent knowledge of banking flows and payment factoryKnowledge of IFRS is a mustStrong knowledge of SAPAdvanced MS Office skillsAccuracy and solid organizational skillsAbility to act and operate independently with minimal daily direction from manager to accomplish objectivesAbility to work cooperatively and collaboratively with all levels of employees, management, and external agencies to maximize performance, creativity, problem solving, and resultsExcellent written and oral English communication. Other languages such as Arabic, Russian and/or French are a plus

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About Company

LITASCO was founded in 2000 in Switzerland and it is the exclusive international marketing and trading company of LUKOIL Oil Company.

With head office in Geneva, LITASCO Group has established additional trading and business development offices worldwide, extending its reach around the world from the United States to Europe, the Middle East and Asia, managing LUKOILs global crude oil and petroleum products supply, marketing and trading needs.

LITASCO has affiliates in Germany, Kazakhstan, Singapore, Sweden, the United Arab Emirates, the United States of America, the Netherlands as well as representative offices in China in Russia, in India and in Iraq.

LITASCO Group is one of the worlds major traders of crude oil and refined petroleum products and deals with a vast range of suppliers and customers, including all of the worlds major oil corporations.