First Bank Specialist - Trade Services - Letter of Credit - Issuance - Amendments & Cash Confirmation - Jobs in Nigeria

First Bank Specialist - Trade Services - Letter of Credit - Issuance - Amendments & Cash Confirmation - Jobs in Nigeria


Job objective

  • 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

    How to Apply

    For more information and job application details, see; First Bank Specialist - Trade Services - Letter of Credit - Issuance - Amendments & Cash Confirmation - Jobs in Nigeria

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