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    Specialist, Payment, and Negotiation - Lagos, Nigeria - First Bank of Nigeria Limited

    First Bank of Nigeria Limited
    First Bank of Nigeria Limited Lagos, Nigeria

    2 weeks ago

    First Bank of Nigeria Limited background
    Full time
    Description

    ABOUT THE COMPANY

    First Bank of Nigeria Limited, is a Nigerian multinational bank and financial services company headquartered in Lagos Nigeria. It is the premier bank in West Africa with its impact woven into the fabric of society.

    JOB SUMMARY

    Requirements Education: First Degree in any discipline Trade Certification (CDCS, CSDG, CITF), master degree and other professional certification (added advantage)Experience: 3-5 years of experience in Trade Services Functions.

    RESPONSIBILITIES

    Job Description Handles Negotiation of Documentary Presentations, Trade Loans Booking, bookkeeping, Payments, and Remittances on negotiated presentations and matured trade loans for the bank. Enforcement of compliance and regulatory dictates on Payment and Negotiation functions, ensuring that the bank complies with the provisions of the dynamically changing Foreign Exchange Extant Provisions, UCP, ISBP and other relevant international rules and standards. Handles documents examination and management of identified discrepancies in line with the terms and conditions of the underlying Letters of Credit Initiate the process of Trade Loans booking, liquidation, Interest collection, remittance of payables, charges administration and collection on Trade Transactions. Handles Revenue Assurance functions for the bank on Negotiated Documentation, Trade Loans, etc. Delivery of daily and periodic reconciliation of Nostro, Vostro, GL, Suspense, Payables and Receivable accounts, ensuring open items are timely closed. Rendition of regulatory and management, regulatory and ad-hoc returns/reports as applicable to Payment and Negotiation functions. Responsible for Data and Records management on negotiated presentations for ease of presentation on demand by the regulatory authorities. Liaises with the business and other internal stakeholders on enquiries and issues resolution.

    REQUIRED SKILLS

    Negotiation, Financial analysis, Financial reporting, Payment collection

    REQUIRED EDUCATION

    Bachelor's degree

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