Ascentech Services Limited Recent Job Recruitment – Apply Now!

Posted on :

18 Aug, 2022

Category :

Finance Jobs in Nigeria

Ascentech Services Limited is a full-fledged Human Resource Solution Provider incorporated in 2013 with its Head Office in Lagos, Nigeria. We are committed to forging long-term partnerships with our clients by creating and delivering robust and flexible services that address the changing needs of their business. We are recruiting to fill the position below:

 

 

 

 

Job Title: Trade Finance Executive
Location: Lagos

Responsibilities:

  • e-Form ‘M Coordination: – Registration, validation, amendment, cancellation, extension and substitution for Letters of Credit, Bills for Collection and Not Valid for Forex e-Form ‘M’
  • Thorough engagement with banks on letters of credit from the point of initiation to conclusion
  • Responsible for monitoring other mode of payments such as bills for collection and Not-Valid-for -Forex until fund is confirmed received by the beneficiary.
  • Review of pre- and post-negotiation interest charges on letters of credits against unscrupulous debits and recover excess charges if any.
  • Review transaction charges such as LC commission, bills for collection commission, swift charges, amendment charges etc.
  • Review all trade documentation to ensure completeness and compliance
  • Manage interactions with banks on trade-related transactions.
  • Prompt resolution of trade issues such as delayed transaction processing, problematic transactions, rejections and fast-tracking release of shipping document for consignment clearance at the port.
  • Periodic review of banks’ current account statements with respect to trade transactions and recoup excess charges if any.
  • Reconcile account statements such as Collateral, advance payment guarantee, fixed deposits, domiciliary and other designated accounts. All appropriate entries are also passed.
  • Reconcile the company’s overseas accounts including our accounts with overseas subsidiaries and advises the CFO on the activities flow.
  • Communicate with overseas suppliers concerning international standards and best practices in accordance with International Chambers of Commerce (ICC) and statutory local regulations.
  • Manage overseas suppliers’ enquiries regarding trade finance.
  • Coordinate reconciliation of overseas suppliers’ accounts to ensure receipt of items paid for.
  • Maintains letters of credit register to ensure all established Letters of credit transactions are completed within its validity period and reconciles outstanding shipments, excess shipments, shortfalls in payment, shortfall and/or excess foreign exchange allocations.
  • Periodic report on all trade finance related obligations for internal use.
  • Keep records of all bank loan obligations and the respective repayments schedule. Also passes appropriate entries in accordance with the repayment and interest schedules.
  • Relates with the procurement unit on the overseas purchase needs and proffers required financing guide.
  • Keep updates of new regulations from all relevant regulators.
  • Liaise with relevant authorities such as Nigeria Customs Service, Central Bank of Nigeria etc. on trade-related issues and approvals.
  • Keep records of the company’s investment portfolio such as capital importation, treasury bills and advises on the appropriate derivatives contract to be booked.
  • Review import finance facilities from the banks and advise the CFO appropriately for management approval.
  • Management of consignments insurance with the respective insurance firms.
  • Manage the trade finance team.
  • Other responsibilities as may be assigned by the CFO.

Requirements:

  • Candidates should possess a First Degree.

Behavioural Skills:

  • Attention to details
  • Great Interpersonal skills
  • Relationship management
  • Professionalism & Poise
  • Good working ethics
  • Good oral and written communication skills

To Apply:
Interested and qualified candidates should send their CV to: [email protected] using job title as the subject of the mail.

Application Deadline:
1st September, 2022.

 


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