Head Trade Finance and Accounts (Oil & Gas) needed at iRecruiters Africa Limited

Job Expired
1 year ago

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

  • Accounting / Financial Services jobs
  • Head Trade Finance and Accounts (Oil & Gas) jobs

  • This job has expired!