Treasury Officer

Description:
Summary

The primary responsibility of the Treasury Officer is to manage Credit Control and Collections, Foreign Exchange monitoring and execution, Cash Management day-to-day activities and projects of LUKOIL Pan Americas, LLC (LPA), including all related reporting requirements. The secondary responsibility of the Treasury Officer is to be a full backup of the Cash Operations Officer, including to maintain and report an accurate Cash Flow forecast, manage all incoming and outgoing cash movements through SAP/ETRM and online banking platforms, and perform certain bank clearings and reconciliations.

Roles and Responsibilities

Credit Control and Overdue Receivable Management and Reporting

Responsible for close monitoring, reporting, and managing of overdue receivables, including follow up with the respective customers and internally with the responsible party, preparing action plans and write offs, as appropriate

Responsible for close monitoring of positive vendor balances and reporting in the weekly overdue reports to management

Track incoming demurrage payments and communication with demurrage department;

Responsible for the weekly account receivables overdue report presented to LITASCO Group management

Manage and prepare the monthly and quarterly account receivables reports provided to PJSC LUKOIL, including and follow up and related requests

Monitor exposure and collateral of certain business partners and/or joint ventures, and request prepayments, or additional collateral, as appropriate

Monitor Working Capital and calculate Time Value of Money of certain business arrangements

FX Management and Cash Management

Perform daily Cash Management duties, including A/P and payment check and release

Maintain excellent working knowledge of Cash Operations and Reporting, Cash Flow Forecasting, and Cash Management systems and platforms to be able to perform duties of the Cash Operations Officer in a back up position

Manage payment system and assist the team for complex payments and investigations

Lead and participate in Cash Management optimization projects

Maintain and set up Cash Management bank accounts, including fee review and negotiation, cash sweep, automated file uploads, connectivity etc.

Monitoring and managing of Foreign Exchange exposure, including A/P, A/R, taxes, and account balances

Request of FX transactions, either directly with local banks, online platform or in coordination with head office for their execution

Responsible for forecasting of FX transaction and calculation for FX P/L for treasury

Ensure compliance with LITASCO Group companies procedures and regulations

Relations with Banks

Develop and maintain good relationships through regular communication with the relevant departments, such as Global Cash Management, Foreign Exchange teams and Middle Office of LPA’s relationship banks

Assist Head of Treasury in setting up reporting requirements and workflows with banks

Communication

Assist and interact with other departments within the Company (Trading, Legal, Contract Desk, Credit, Finance, Accounting, Operations, and others) and support them with credit control, cash management, FX management expertise

Build effective relationships within the Finance team and with finance teams of other LITASCO offices, in particular the headquarters

Involve in development of procedures/synergies concerning credit control, FX and Cash Management in cooperation with other departments and LITASCO Offices in order to optimize existing processes and reporting requirements

Administration

Together with other team members, be responsible for regular internal and external reporting requirements

Knowledge, Skills, and Abilities

Knowledge of Finance and Accounting principles is required

Knowledge of main cash management, treasury is required

Knowledge of trade finance products, market players, specifics of oil trading transactions including Incoterms, operations, documentation and credit risks is an asset

Knowledge of Foreign Exchange products and execution is required

Knowledge of a treasury platform and SAP is an asset (i.e. Citidirect)

Proficiency in Microsoft Office (including Outlook, Word, Excel, and PowerPoint) is required

Fluent in English; conversational in Russian and/or Spanish an asset

Ability to work well with others in a team environment

Attention to detail and ability to work well in a fast-paced environment

Analytical thinking: approach problem solving systematically, anticipation of obstacles, make logical conclusions and see implications/consequences of solutions

Ability to exercise good business judgment, including risk awareness

Manage tasks and priorities independently

Ability to work under pressure and to deadlines

Good communication skills, ability to interact efficiently and build relationships with other departments and Group Offices, as well as bankers and customers/suppliers

Ability to understand and influence through rational line of argument

Supervisory Responsibility

This position has no supervisory responsibilities.

Work Environment

Prolonged periods sitting at a desk and working on a computer.

Must be able to lift up to 15 pounds at times.

Position Type / Expected Hours of Work

This is a full-time position. Normal days and hours of work are Monday through Friday, 8:30am to 5pm. Occasional evening and weekend work may be required as job duties demand.

Travel

No travel is expected for this position.

. Requirements:
Bachelor’s degree in business/ finance/ economics/ accounting or similar discipline

Minimum of five (5) years of experience in treasury, credit control and collections, FX and cash management role (bank or commodity trading preferred)

Experience working in treasury and cash management is required

Experience working for an oil trading company an asset