We have a great new opportunity for a Settlement Officer, with a client who is the world's largest oil refining, gas and petrochemical conglomerate.
With a presence globally, our client is mainly engaged in overseas capital operations and cash management with a focus on the business needs of the group’s overseas subsidiaries. This role is a wholly-owned subsidiary responsible for providing high-quality financial services for its sister companies in the UK ,Europe and Africa .
The Settlement Officer position is a vital role reporting to the Senior Manager, with a functional reporting line to Head Office in Hong Kong.
Cash management – Reporting flow of cash in and out of the company. Liaising with other finance centres and other sinopec entities accordingly re cash/funding requirements/reporting.
Collating of all Treasury payments to be made on any given day.
Checking/Processing of payment instructions – Sending signed instructions to bank either via fax or electronic means. At same time checking that bank instructions are complete, compliant and not compromised.
Booking/Reconciling of loans/loan positions with house banks – booking of loans/deposits as per Corporate requirements, ensuring that loan rates/maturities are correct.
Debtors/Creditors reporting to identify where payments have not been made on time/funds have not been received on due date.
Degree - level education or equivalent in Economics, Finance, Business Management or related field
Strong IT skills with good working knowledge of MS Office products
Strong communication & interpersonal skills
Proven experience working in a Treasury department
Experience working in the treasury department of a major bank or commodity house