Foreign Exchange Officer at Virgin Forest Energy Limited

Virgin Forest Energy Limited is a wholly-owned and well capitalized Nigerian energy downstream oil trading company. We are dedicated to the provision of top-rate petroleum products and by-products to our vast array of clients and customers across Nigeria and beyond. In the course of our short but eventful existence as a corporate entity, we have carved a niche for ourselves as a company sensitive to the peculiar environment in which we operate, and we have tailored our operations in response to the ever-changing demands of a vibrant and dynamic emerging economy such as Nigeria.

We are recruiting to fill the position of:

Job Title: Foreign Exchange Officer

Location: Lagos

Purpose of Role
We are looking for an experienced Foreign Exchange Officer who is passionate about customers. The successful candidate will join a dynamic and fast-paced environment and work with cross-functional teams.

Responsibilities

• Liaise with the Investment Team to procure FX in line with clients’ instruction to fund their account for settlement of trades
• Proactively manage client’s expectations in processing their FX transactions.
• Ensure that the confirmation of FX processed for clients are sent in line with SLA with clients
• Prepare CCI (Commodity Channel Index) issuance instructions and submit to appropriate team.
• Follow up to collect hard copy of CCIs issued and file accordingly
• Regularly update and maintain the CCI register
• Escalate late and non-receipt of funds, post settlement.
• Ensuring that all suspicious transactions are reported to Management
• Advising on the timing and extent of foreign exchange transactions
• Providing insights into the fluctuations and forward trends of the currency market
• Liaise with Investment Team to procure FX and timely repatriate same in line with clients’ instruction
• Proper filing of documents and general administration
• Daily reconciliations of clients’ CCIs issued and utilized.
• Markdown of CCIs for utilization during FX repatriations by clients
• Timely response to all service and operational issues/queries relating to FX processing and CCI administration
• Daily call over of all FX inflows by clients and ensure that CCIs are issued to cover the inflows
• Daily call over of all FX outflows by clients and ensure that the related CCIs are properly and correctly marked down
• Prepare and submit weekly and monthly reports on all outstanding FX issues
• Prepare and submit weekly and monthly reports on all outstanding CCI issues and their status
• Daily monitor of clients account for re-investments and proper updating of clients’ CCI.

Requirements
Education:

• University degree; preferable financial & accounting related
• Market Relevant Qualifications

 Experience:

• Ability to understand the Nigerian stock market
• Capacity to deal with diverse mix of clients
• Provide clients with prompt response to their queries
• The essential requirement of this job function is timeliness. Clients must be kept happy with timely service.
• Prompt, efficient and effective customer service cannot be compromised.
• Understanding the settlement mechanism
• Must have the ability to work under pressure
• In-depth knowledge of foreign exchange and relevant legislation

Desired Skills:

• Excellent negotiation skills
• Strong financial acumen and analytical skills
• Strong networking and interpersonal skills
• Strong written, oral communication and presentation skills.

Application Closing Date
7th March, 2020.

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

Note: Interview date will be communicated to shortlisted candidates.