Head, Trade Finance and Accounts at an Oil and Gas Services Company - Apply

• Posted on: 17 January, 2018Deadline: Not Specified

An Oil and Gas Services Company in Lagos seeks qualified applicants for the role of Head, Trade Finance and Accounts.

Head, Trade Finance and Accounts

• Job TypeFull Time  
• QualificationBA/BSc/HND   MBA/MSc/MA  
• Experience10 years
• LocationLagos
• Job FieldFinance / Accounting / Audit  

Job Duties/ Responsibilities/Accountabilities:

• Source funds for transactions up to $500 million.
• Prepare product purchasing letter of credit (LC) and bank guarantees, once extensive investigation of exposure has been completed.
• Verify payments and documents to ensure compliance with the LC Terms. This includes verification of complex pricing and delivery terms as per supplier contracts.
• Monitor the closure of LCs and Bank Guarantees.
• Ensure that supplier invoices under the LCs are recorded to ensure completeness and accurate settlement and reconciliation.
• Effectively manage funds available for projects
• Ensure adequate cash flow to meet the organization's needs
• Negotiate best interest rates for investments and projects.
• Oversee the management and coordination of all fiscal reporting activities for the organization, ensuring adherence to deadlines
• Ensure documentation is maintained to highest standards and processes are duly followed
• Ensure transaction processing is handled within agreed timelines
• Be informed on all products and any changes or amendments to product features, procedures and processes.
• Establish and maintain strong professional relationships both internally and externally.
• Ensure proper filing is done upon completion of transactions.
• Monitor and assess the efficiency of workflow with regards to internal/external customer expectations, information exchange and documentation.
• Authorize postings into the software for ledgers update.
• Ensure bank policies, procedures and guidelines are consistently & strictly adhered to.
• Oversee the maintenance of the inventory of all fixed assets, ensuring all are in accordance with federal regulations

Educational Qualification:
First degree in Accounting. MBA is an added advantage.

Experience:
Minimum of 10 years experience, with at least 3 years in a similar management role. Previous experience in oil & gas sector is mandatory.

Professional Qualificaion:
ICAN is a prerequisite.

Method of Application

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