Settlement Officer

  • Location

    London

  • Sector:

    Finance & Risk

  • Salary:

    Competitive

  • Contact:

    Allison Rothwell

  • Contact email:

    allison@elevenrecruitment.com

  • Job ref:

    J6661

  • Published:

    4 months ago

  • Expiry date:

    2019-11-13

  • Start date:

    ASAP

We have an ideal opportunity with a client who is the world's largest oil refining, gas and petrochemical conglomerate.

This Settlement Officer position is ideal if you have experience working in the treasury department of a major bank or commodity house.  It is a vital role reporting to the Senior Manager, with a functional reporting line to Head Office in Hong Kong.

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.

 

Responsibilities

  • 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.
  • Dealing with ad hoc queries – SWIFT requests, Bank Audit Letters, Returned Payments/Unallocated Receipts, Bank statement reconciliation against in-house systems/payment instructions.
  • Advise Treasury Manager of any issues (i.e. loan rates too high/banks not processing payment) with banks so that they can be discussed at next review.
  • Capture and maintain banking SSI’s from Counterparties for compliance reasons
  • Maintaining Bank Mandates/Signatory lists updated as/when required
  • Ensuring data on in house OTS system is accutately and timely input/maintained
  • Fulfil any other tasks that the Company may reasonably assign to you from time to time, according to business needs

 

Skills and experience

  • 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
  • Awareness of issues/sanctions regarding the worldwide remittance of funds
  • Proven organisational and planning skills
  • Ability to effectively prioritise work
  • Approachable with a demonstrable willingness & flexibility to support the Company as and when required