Assistant Manager - Payment and Trade Services Job at Airtel Nigeria

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Job Title: Assistant Manager: Payment &Trade Services

Job Code: 1035

Job Location: Lagos, Nigeria

Organisation: Airtel Nigeria

REPORTING TO: Head, Account Payable

JOB PURPOSE:

• To ensure effective settlement of foreign Vendors by complying with the regulatory bodies' (Central Bank of Nigeria (CBN), National office for Technology Acquisition and Promotion (NOTAP) and Nigerian Communication Commission (NCC) rules and regulations.

PRINCIPAL ACCOUNTABILITIES

MAJOR ACTIVITIES AND EXPECTED END RESULTS

Ensuring adequate controls and secured procedures are observed in effecting foreign currency settlement

Ascertain that all Foreign Vendors payables and to ensure settlement as at when due.

• Knowledge and understanding of International Trade and Settlements mechanisms (UCP 600, International Standard Banking Practice) Central Bank of Nigeria (Foreign Exchange Manual) and awareness of Incoterms 2010

• Working with the banks to Issue and advice Import Documentary Credits, Invisible remittances and Certificate of Capital Importation. Company must not be exposed to risks arising from onerous clauses on the Letter of Credit.

• Maintain comprehensive shipping database for Trade transactions, Goods in Transit, Goods at the port for all imports and handling and submission of Exchange Control documents to banks

• Recording all trade finance payments and reconciling financial monitoring sheets with trade Banks' to reflect a live position

• Ensure that all advances paid to Trade partners under LC are properly accounted for by shipment and where not should recover such shortfall from the vendor.

• Ensure that all Trade transactions (whether LC or not) are correctly recorded in the company's financial system (ERP)

Customers Management Process

• Interfaces with internal customers, vendors, and Trade Banks to ensure compliance with all applicable Foreign Exchange Regulations and Internal process

• Ensure monthly reconciliation of relevant GL and bank accounts and prompt resolution of reconciling items. Escalation is required for items outstanding beyond 60 days

• Investigate and resolve queries regarding documentation and payments

Other Dimensions

• Timely preparation of reports

• Prompt payment of Vendors obligations

• Prompt response to Audit/Group queries

• Keeping accurate and complete records

Educational Qualifications & Functional / Technical Skills

• Graduate Degree : H.N.D/BSc. CIBN/ACA and MBA will be an

added advantage

Relevant Experience

• 3-5 years of International Trade Finance experience and Appreciable knowledge and understanding of International Trade and Settlements mechanisms. 

Other requirements

(Behavioural etc)

• Good Knowledge of Customs classification & import compliance

• Versatile knowledge of Documentary Credit workings and dynamics

• Self -Discipline and effective time management

• Excellent organizational and analytical skills with an eye for detail and the ability to multi task whilst maintaining accuracy

• Highly numerate with good verbal and written communication skills and the ability to reconcile figures

Deadline: 29th September, 2012.

Assistant Manager - Payment and Trade Services Job

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