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  • Posted: Aug 18, 2022
    Deadline: Aug 30, 2022
  • Ascentech Services Ltd acts as a gateway to provide a wide range of recruitment and selection services to companies. We are a dedicated team of professional consultants offering top-of-the-line executive recruitment and selection services. We cater for the needs of a range of professionals seeking employment and work together to create effective solutions using our networks and strong client base.
    Read more about this company


    Trade Finance Executive


    • 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.


    • 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

    Method of Application

    Interested and qualified candidates should send their CV to: using job title as the subject of the mail.

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