Jobs

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

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

  • Job Type Full Time
  • Qualification BA/BSc/HND
  • Experience 1 year
  • Location Lagos
  • Job Field Banking&nbsp

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

Method of Application

Interested and qualified? Go to First Bank on hdbc.fa.em2.oraclecloud.com to apply