Specialist, Treasury at IHS Towers

Job Purpose

Coordinate all import processes in line with banking regulations.

Job Responsibilities

• Process, track, record and monitor all International Trade and Imports related transactions.
• Process and upload journal entries for Shared Service Centre (SSC) postings of International Trade related transactions as at when due (T+2 of transaction date).
• Keep an up-to-date database/ tracker of Letters of Credit (LC) and LC loans by regularly following up with the bank.
• Process LC requests, Bills for Collection, and Non-Valid for FX.
• Assist in updating Forms A and Forms M on the Central Bank of Nigeria (CBN) portal while complying with CBN regulatory requirements for imports.
• Monitor and follow through for compliance of imports with CBN regulatory requirements.
• Offer expert advice to Supply Chain on LCs and Forms M.
• Monitor and report on the accuracy of LC and related charges.
• Provide inputs and support to track and report on FX exposures.
• Provide inputs to the short-term weekly cash forecasts.
• Monitor and follow up with the bank for prompt processing and issuance of Pre-Arrival Assessment Reports (PAARs) for custom duty assessment generation.
• Process custom duty payments in line with Service Level Agreements (SLAs).
• Ensure complete shipping documents are delivered on time to IHS by the bank, thereby avoiding demurrage arising from late collection of Original Bill of Lading (OBL).
• Follow up with Supply Chain for Final Exchange Control document and ensure submission at the bank in line with regulatory requirements.
• Monitor the bank charges from international and forex related transactions to ensure that they are correctly charged.
• Prepare loan repayment (Interest and Principal) letters.  
• Perform other tasks and duties as assigned by the Principal Specialist, Forex & Imports.

Qualifications

• Bachelor’s degree in Finance, Accounting, or any related discipline.
• Relevant professional certification, e.g. ACCA, will be an asset.
• +2 years’ cognate experience in a Finance environmen