Head Trade Finance and Accounts (Oil & Gas) needed at iRecruiters Africa Limited
Job title : Head Trade Finance and Accounts (Oil & Gas) jobs in Lagos
Job Location : Lagos
Deadline : April 01, 2023
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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
How to Apply for this Offer
Interested and Qualified candidates should Click here to Apply Now
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