Trade and Bank Finance Executive

Ascentech Services Limited

Ascentech Services Limited is a full-fledged Human Resource Solution Provider incorporated in 2013 with its Head Office in Lagos, Nigeria. We are committed to forging long-term partnerships with our clients by creating and delivering robust and flexible services that address the changing needs of their businesses.

We are recruiting to fill the position below:

Job Title: Trade and Bank Finance Executive

Location: Obanikoro, Lagos

Employment Type: Full-time

Role Summary

• The Bank & Trade Finance Executive supports the CFO in managing the company's banking relationships and end-to-end trade documentation in Nigeria.
• The role owns the accurate and timely processing of import and export documentation – including Form M, NXP, letters of credit, and PAAR – liaises with banks, customs brokers, and shipping agents to ensure smooth clearance of shipments, and ensures full compliance with CBN foreign exchange regulations and Nigerian trade requirements.
• The role is expected to actively use AI and automation tools to digitize documentation, tracking, and reporting.

Key Responsibilities

• Act as the primary day-to-day contact with banks for routine transactions, credit facilities, bank guarantees, remittances, and trade finance instruments.

• Prepare, verify, and submit banking documentation (facility requests, LC applications, bills for collection, guarantee requests), ensuring accuracy and compliance with internal policies and regulatory requirements.

• Track utilization and expiry of credit lines, LCs, and guarantees; alert the CFO ahead of renewals and margin/collateral calls.

• Verify bank charges, interest, and COT against agreed terms; flag and recover excess charges.

• Initiate and process Form M on the Nigeria Single Window / bank trade portals; follow through to approval and PAAR (Pre-Arrival Assessment Report) issuance.

• Coordinate letters of credit, bills of lading, commercial invoices, packing lists, certificates of origin, SONCAP/NAFDAC certificates, and other customs-related paperwork for imports.

• Process NXP forms for exports and monitor repatriation of export proceeds within CBN-stipulated timelines; maintain compliance with NEPC registration requirements.

• Follow up daily with customs brokers, shipping agents, terminal operators, and inspection agencies to ensure timely clearance of shipments and minimize demurrage and detention costs.

• Assist in resolving discrepancies in trade documents (LC discrepancies, short-shipments, classification/valuation queries) with banks, Nigeria Customs Service, and counterparties.

• Ensure adherence to CBN foreign exchange regulations, Nigeria Customs Service requirements, and applicable trade regulations; keep abreast of circulars affecting imports, exports, and FX.

• Use AI tools and the company's ERP (SAP) to automate document preparation, shipment tracking, reconciliation, and reporting.

• Identify and implement at least two documentation/process improvements per year.

• Key Requirements

• Bachelor’s Degree in Commerce, Finance, Accounting, Business Administration, or a related field.

• 3 - 6 years’ experience in banking operations, trade finance, or import/export documentation; hands-on experience with Nigerian trade processes (Form M, PAAR, NXP, LCs) strongly preferred.

• Working knowledge of CBN foreign exchange regulations, Nigeria Customs procedures, and Incoterms; familiarity with UCP 600 is an advantage.

• Strong organizational, communication, negotiation, and follow-up skills; high attention to detail.

• Proficiency in MS Office and ERP systems (SAP preferred).

Salary

N400,000 - N700,000 monthly.

Application Closing Date

10th November, 2026.