Specialist – Trade Services (Letter of Credit – Issuance, Amendments & Cash Confirmation) at First Bank of Nigeria Limited

Job Expired

Job Title: Specialist – Trade Services (Letter of Credit – Issuance, Amendments & Cash Confirmation)

Location: Lagos
Job Schedule: Full time

Job Objective(s)

  • To establish letters of credit with correspondent banks

Duties & Responsibilities

  • Responsibility of issuing documentary letters of credit.
  • Ensure that the terms of LC’s are clearly understandable and compatible with the broad parameters of the international chamber of commerce and CBN manual.
  • Ensure uniform customs and practice for documentary credits as well as shipping terms and practices are adhered to.
  • Verifies all documentation for accuracy and completeness, ensure that all documentation is evaluated and adheres to bank policies and procedures.
  • Ensure that proper drawing instructions are given to the advising and reimbursing bank regarding drawings under the documentary letter of credit.
  • Maintain register for all types of LC’s.
  • Reporting of monthly forex utilization.
  • Timely utilization of forex allocated for cash covered l/cs.
  • Regular correspondence with banks regarding processed transactions.
  • Daily CBN reporting.
  • Seek approvals when necessary from CBN as regards transactions.
  • Maintains and updates customer utilization registers for customer’s USD line.
  • Account proofing.
  • Ensures transactions are flown through the fSS workflow.

Job Requirements
Education:

  • Minimum Education: First Degree in any discipline

Experience:

  • Minimum experience – 1 year working experience in foreign operations

Application Closing Date
25th December, 2020.

How to Apply
Interested and qualified candidates should:
Click here to apply online

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