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Finance Supervisor (Operations - Credit and Trade)

Keywords / Skills : Letters of Credit, Telegraphic Transfers

3 - 5 years
Posted: 2019-03-26

Job Description
Duties and Responsibilities

1. Trade, Import and Foreign Currency Payment
  • Facilitates trade and import requirements including Letters of Credit, Telegraphic Transfers and the like.
  • Coordinates and identifies the bank to be used and mode of payment for the pending importation or domestic purchase from the Supply (SUPP) Department.
  • Coordinates payment instructions, volume segregation, additional terms and conditions and amendments with the supplier.
  • Supervise Accounts Payable (AP) processing for all US Dollar (USD) and other foreign currency transactions
  • Ensures timely remittance of payment and/or outside L/C settlement to the supplier.
  • Drafts the product costing of import cargo, as required by the Accounting Department, subject to the approval of the Finance Operations Manager.
2. Documentation, Audit and Reconciliation Facilitation
  • Monitor documentary requirements, schedules and settlements of all derivative and commodities transactions.
  • Assists in the preparation of actual audit of independent auditors for the preparation of audited financial statement
  • Maintains various schedules pertaining to loans, LC/TR and the like.
  • Ensures completeness of documents pertaining to various bank transactions
  • Performs reconciliation for all foreign currency transaction and debit transactions pertaining to bank loans, interest and principal payments and LC/TR fees and charges.
3. Finance-related tasks such as, but not limited to, the following:
  • Assists in providing insurance policy to banks for bank requirements.
  • Assists in the documentation of new procedures and/or updating of existing procedures of the department.
  • Monitor and prepare monthly report related to LC/TR and Term Loan as required by ACCT.
  • Payment application in Oracle for LC/TR and loan related transaction.
  • Performs other related tasks as may be assigned from time to time

About Company

SEAOIL Philippines, Inc. is proudly a FILIPINO company that shares and understands every Filipino's hopes for the future: a better economy, the youth achieving their dreams, a healthy environment. As an organization, SEAOIL gives conscious effort to do its part in the nation's path towards success. Through our innovative products, services, and programs, we remain true to our promise of "Fueling a Better Future."

Now the leading and largest independent fuel company in the Philippines, SEAOIL continues to expand its network to provide quality and affordable products to more Filipinos. We are committed to each and every one of our customers, because it is for them and through them that we are in this business.

We are an organization you can always trust, and we will never let it be compromised.
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