• Application Deadline:
• Position: Head Trade Finance and Accounts (Oil & Gas)


• Job Type Full Time


• Qualification BA/BSc/HND , MBA/MSc/MA


• Experience 5 - 8 years


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

The Company is seeking to hire a Senior Manager to Head the Trade Finance & Account department in the organisation. S/he will be responsible for recording all trade and financial transactions in the organization. This role will also support various key business processes such as; Monthly Reporting, Credit Transactions, Daily LCs Age Analysis, Cash Management, Financial Analysis, Management Accounts and Asset Acquisitions.

Key Responsibilities:

• Preparation of Product Purchasing, Letter of Credit and Bank guarantees, once extensive consideration investigation of exposure has been completed.


• Verifying payments and documents to ensure compliance with the LC Terms. This includes verification of complex pricing and delivery terms as per supplier contracts –


• Monitoring the closure of LCs and Bank guarantees to effectively manage the company’s credit line and engage banks in technical discussions


• Preparation of monthly, quarterly and yearly financial statements comparing with the budget set.


• Ensuring that all Suppliers’ invoices under the LCs are recorded to ensure completeness and accurate settlements/reconciliations


• Profitability for local buying and importation of refined/white petroleum products


• Preparation of Extended Trial Balance from ledger balances


• Preparation of Annual Budget and quarterly review of the budget


• Timely remittance of statutory deductions to the relevant regulatory Bodies and engaging in technical tax issues


• Effectively manage the funds that is available for projects i.e effective and efficient working capital management via capital rationing,


• Ensure that the company is always in a liquid position (cashflow management) and ensure funds can be made available for normal administrative running of the operations of the company,


• Negotiate best interest rates either for investments or projects for the company,


• Ensure all documentation is maintained to highest standards and ensure all processes are followed


• Ensure that transaction processing is handled within agreed Timelines


• Keep updated on all products; be well skilled and aware of all changes and amendments on product features, procedures and processes


• Establish and maintain strong professional relationships/connections internally and externally


• Upon completion of the transaction ensure proper filing is done.


• Continuously monitor & assess the efficiency of workflow in regard to internal/external customer expectation, information exchange and documentation


• Authorizing the postings into the software for ledgers update


• Ensure adherence to deadlines and reporting


• Checking balancing of Suspense accounts / Online accounts at end of each month.


• Physical verification of transaction files on half-yearly basis


• Ensure that Banks policies, procedures and guidelines are consistently & strictly followed


• Assets maintenance and verifications


• All other duties that may be assigned to you from time to time.

Requirement

• B.Sc Degree/MBA in Accounting


• Minimum of 5 - 8 years post-graduate experience in a similar role.


• ACA qualification is Prerequisite

Other Competencies & Skills Required

• Accounting skills


• Financial & Management Reports 


• Funds sourcing


• Reconciliation


• UCP 600 of Letter of Credit


• Communication (Both written and oral)


• Ability to communicate information in clear, unambiguous terms to employees and management.


• Solution Minded (thinking outside the box)


• Computer Literacy


• Good leadership qualities and skills


• Excellent Multi-tasking skills and ability to keep to deadlines.


• Proactive decision-making skills


• Tact and diplomatic


• Professional disposition and ability to maintain Integrity and confidentiality.


• Good Customer Service skills

Benefits

• Base Pay is N9.6 million Per Annum + Other benefits