Current jobs related to Loan & Interest Calculation Officer (Trade Finance & LC Specialist) - Lagos, Lagos - JMG Limited

  • Treasury Analyst, Lagos State

    5 days ago

    Lagos, Lagos, Nigeria Sun King Full time ₦3,000,000 - ₦6,000,000 per year

    Treasury Analyst, Lagos State (Nigeria)Department: Finance & LegalEmployment Type: Permanent - Full TimeLocation: NigeriaReporting To: Finance Manager – Treasury & Trade Finance (Nigeria)Description Job Location: Lagos, Nigeria.About the Role:This role is responsible for Trade and FX related transactions, including Letters of Credit (LCs), Over-The-Counter...

  • Finance Officer

    5 days ago

    Lagos, Lagos, Nigeria Coinbox Limited Full time ₦1,440,000 - ₦2,250,000 per year

    Job Role: Finance OfficerIndustry: Cooperative Society / Financial ServicesLocation: KetuJob Type: Full-TimeJob Summary: The Finance Officer is responsible for managing the cooperative's financial operations, ensuring transparency, accountability, and compliance with established financial policies. The role involves budgeting, bookkeeping, financial...

  • Manager, Trade

    3 days ago

    Lagos, Lagos, Nigeria Standard Bank Full time ₦120,000 - ₦240,000 per year

    Job OverviewBusiness Segment: Business & Commercial BankingLocation: NG, undefined, Lagos Mainland, Nigerian Airforce BaseJob Type: Full-timeJob Ref ID: A-0001Date Posted: 11/12/2025Job DescriptionTrade Specialist (Structured Trade & Commodity Finance) to harness and maximize existing and new business opportunities for Trade Finance in the Business and...

  • Trade Finance Manager

    5 days ago

    Lagos, Lagos, Nigeria Zowasel Full time ₦360,000 - ₦432,000 per year

    The Trade Finance Manager is responsible for overseeing all trade finance activities, including approval, disbursement, reporting, cash flow forecasting, and exposure management. The role ensures the efficient management of trade-related financial transactions, risk mitigation, and liquidity planning to support the organization's local and international...

  • Underwriting Specialist

    5 days ago

    Lagos, Lagos, Nigeria NEWEDGE FINANCE Full time ₦80,000 - ₦100,000 per year

    Underwriting Specialist (HAUSA)Newedge FinanceAccounting, Auditing & FinanceLagos Full TimeBanking, Finance & Insurance ConfidentialMinimum Qualification :Job Description/RequirementsKey ResponsibilitiesAccess loan documents of customers and verify the authenticity of the loan applicants' information and abnormal credit risk points through telephone, online...

  • Loan Portfolio Specialist

    3 days ago

    Lagos, Lagos, Nigeria Strivo Labs Full time ₦3,000,000 - ₦6,000,000 per year

    Job SummaryThe Loan Portfolio Specialist is responsible for monitoring, analyzing, and managing the performance of the organization's loan portfolio. The role ensures credit quality, compliance with internal policies and regulatory guidelines, and effective recovery strategies to maintain a healthy portfolio.Key ResponsibilitiesPortfolio Management &...

  • Group loan specialist

    18 hours ago

    Lagos, Lagos, Nigeria Liberty Assured Limited Full time $60,000 - $110,000 per year

    Company DescriptionLiberty Assured Limited is dedicated to empowering customers by enabling them to achieve their aspirations through accessible and straightforward financial solutions. Guided by the belief that liberties are earned, Liberty provides a broad range of financial services. The company reaches its clients through both direct physical lending and...

  • Specialist, Payment and Negotiation

    3 days ago

    Lagos, Lagos, Nigeria First Bank Full time ₦3,500,000 - ₦7,000,000 per year

    JOB TITLE: Specialist, Payment and NegotiationJOB LOCATION: Lagos ADVERTISEMENTJOB DETAILS:Handles Negotiation of Documentary Presentations, Trade Loans Booking, bookkeeping, Payments, and Remittances on negotiated presentations and matured trade loans for the bank. Enforcement of compliance and regulatory dictates on Payment and Negotiation functions,...

  • Loan Officer/ Recovery Officer

    18 hours ago

    Lagos, Lagos, Nigeria Chronos Capital Limited Full time $300,000 - $600,000 per year

    This is a full-time, on-site role located in Lagos State, Nigeria for a Loan Officer/Recovery Officer. The role involves assessing and approving loan applications, working with underwriting to evaluate risk, managing loan origination processes, and providing excellent customer service. The Loan Officer/Recovery Officer will also be responsible for monitoring...

  • Loan Officer

    5 days ago

    Lagos, Lagos, Nigeria FactBase Consulting Limited Full time ₦3,000,000 - ₦6,000,000 per year

    Job DescriptionEvaluate loan applications and determine the creditworthiness of applicantsMaintain professional relationship management with the customers to ensure loan repayment and business growthEnsure compliance with lending policies, laws, and regulations.Locations: Epe/ Ikorodu/ Broad Street/ Ikotun/ Mushin/ Yaba/ AjahMajor Requirements*B.Sc./HND in...

Loan & Interest Calculation Officer (Trade Finance & LC Specialist)

2 weeks ago

Lagos, Lagos, Nigeria JMG Limited Full time ₦1,500,000 - ₦3,000,000 per year

Job Summary

We are seeking a meticulous and analytically minded Finance Officer to manage the company's loan portfolio, ensure accurate interest calculation and accounting, and provide expert support in Trade Finance operations, with a primary focus on Letters of Credit (LCs). The ideal candidate will be responsible for tracking all financial liabilities, calculating costs, ensuring compliance with credit terms, and facilitating smooth international trade transactions.

Key Responsibilities

  • 1. Loan Portfolio & Interest Calculation Management:
  • Maintain a master register of all company loans, facilities, and credit lines (e.g., Term Loans, Working Capital Loans, Overdrafts).
  • Accurately calculate monthly/quarterly interest expenses for all borrowings, applying the correct interest rates (fixed, floating, etc.), calculation methods (e.g., simple, compound), and day-count conventions.
  • Prepare and post journal entries for interest accruals, loan drawdowns, repayments, and charges in the accounting system.
  • Monitor loan repayment schedules and ensure timely payments of principal and interest to avoid defaults and penalties.
  • Reconcile loan statements from banks and financial institutions with the company's internal records.
  • Prepare detailed loan and interest reports for management, highlighting costs, outstanding balances, and debt service coverage.
  • 2. Trade Finance & Letter of Credit (LC) Operations:
  • LC Application & Opening:
    Prepare and review applications for new Letters of Credit (Sight & Usance), ensuring all terms and conditions are accurate and aligned with the underlying purchase contract.
  • Documentation Handling:
    Liaise with banks, suppliers, and internal departments (logistics, procurement) to collect, scrutinize, and process all LC documents (Invoice, Bill of Lading/Airway Bill, Packing List, Certificate of Origin, Insurance Policy, etc.) to ensure strict compliance with LC terms.
  • LC Amendment & Settlement:
    Coordinate requests for LC amendments and manage the settlement process upon presentation of compliant documents, including payment for Sight LCs or acceptance for Usance LCs.
  • Cost Calculation:
    Calculate and account for all LC-related charges (opening commission, advising fees, negotiation charges, and bank interest for usance LCs).
  • Record Keeping:
    Maintain an up-to-date and comprehensive tracker for all active, amended, and closed LCs.
  • 3. General Financial Support:
  • Assist in the preparation of data for debt covenant monitoring and reporting.
  • Support the treasury function in managing cash flow and forecasting interest expenses.
  • Collaborate with internal and external auditors during financial audits.
  • Stay updated on central bank guidelines, interest rate trends, and international trade regulations (UCP 600).

Qualifications & Experience

Education:

  • Bachelor's degree in Finance, Accounting, Business Administration, or a related field.
  • A professional certification (e.g., CA/ACCA/CMA Inter, or similar) will be a distinct advantage.

Experience:

  • Minimum of 2-4 years
    of direct experience in a finance/accounting role, with a significant portion dedicated to:
  • Loan administration and interest calculation.
  • Handling Trade Finance products,
    especially Letters of Credit
    .
  • Experience in a trading, manufacturing, or import-export company is highly desirable.

Technical Skills & Knowledge:

  • Essential:
  • Expertise in MS Excel:
    Advanced proficiency (PivotTables, VLOOKUP, SUMIF, etc.) for creating and managing loan amortization schedules, interest calculators, and trackers.
  • Accounting Knowledge:
    Strong understanding of accounting principles, specifically for loan liabilities, interest accruals, and financial instruments.
  • Letter of Credit Expertise:
    In-depth, practical knowledge of LC procedures, UCP 600 rules, and key trade documents.
  • Analytical Skills:
    Keen attention to detail and a high level of numerical accuracy.