Compliance / Reconciliation Officer Job at Chevron Employees Multi-purpose Cooperative Society (CEMCS) Limited

CEMCS is Chevron Employees Multi-purpose Cooperative Society. As our name suggests, we were set up to serve the welfare and interests of Chevron Employees. Since inception, we have experienced steady business growth that has helped us earn trust from members and partners. Our business offers services that are tailored to meet our members' needs related but not limited to Travel & Tours, Real Estate, e-commerce, Loans, sale of commodities and insurance among a burgeoning profile of business ventures.

Our Vision is tobe the industry-leading Cooperative society in Africa. Our Mission is to consistently deliver superior ande sustainable value to our members, the community and partners by leveraging available resources within the confines of applicable rules and regulations.

We are recruiting to fill the position below:

Job Position: Compliance / Reconciliation Officer
Job Location: Lekki, Lagos
Employment Type: Full-time

Key Job Responsibilities

• Validate all monthly generated payroll deductions before they are open for upload by CNL payroll within 24 hours after generation and provide feedback when completed.
• Ascertain the validity/ authenticity of daily cash addition by (i) Bank transfers (ii) deposit transfers (iii) loan disbursements (iv) FXD liquidation and provide daily feedback on outcomes.
• Perform weekly Fixed Deposit Reconciliation and provide feedback latest by COB on Fridays.
• Do monthly payroll Reconciliation and provide feedback
• Do daily checks on the following to ensure there are no anomalies with the transactions and provide feedback.
  • Fixed deposit Rolled-over Transactions
  • Fixed deposit liquidated transactions to SD, Savings and Members’ account
  • Fixed deposit investments from SD, SAVINGS and TRANSFER
• Witness every commodity items delivery to the commodity store by vendors and ensure parity between the delivered goods and delivery invoices. Also ensure no damaged goods are delivered and provide report of deliveries after the exercise.
• Work with Head, Internal Control and Senior Internal Control Officer to ensure companywide compliance with policies & procedures resulting in not less than 4 process breaches in a year.
• Work with Head Internal Control and Senior Internal Control Officer to ensure there are no control failures that couldresult into fraud and/ or operational loses across the organization.
• Perform any other tasks assigned by the organization.
• Provide weekly report of the work done latest by COB on Fridays to the Head, Internal Control

Qualifications

• Bachelor's Degree or its equivalent in Accounting, Finance, or any related field.
• ACA preferred.