Principal Specialist, Forex & Imports

Job Description

Job Purpose

Manage and continuously improve on all foreign exchange (forex)-related aspects/ phases of the company’s end-to-end import trade process.

Key Roles and Responsibilities

• Source, negotiate, and enter into competitive trades for the purchase of foreign currency. Maintain company records of all currency purchases and ensure communication of relevant information to internal parties.
• Provide inputs to the development of strategies to reduce the company’s risk exposure to changes in foreign currency.
• Keep abreast of forex regulations and requirements, applying the knowledge effectively in delivery of tasks with limited supervision
• Serve as business partner to the Supply Chain organization, providing subject matter expertise and ongoing support on the import trade process with special attention to Central Bank of Nigeria (CBN) regulatory requirements.
• Collaborate with Supply Chain to investigate and analyze challenges/ problems that may arise and build solutions across the import trade process, leveraging experience and subject matter knowledge.
• Contribute towards strengthening compliance with and knowledge of CBN regulations and forex solutions across the business.
• Proactively monitor foreign currency exchange rates and other exposures relevant to the company.
• Build and maintain effective relationships with the company’s bankers to stay informed of solutions that add value to the IHS business.
• Contribute towards enhancing IHS’s ability to manage risks effectively by demonstrating and applying understanding of the regulatory environment around currency controls in Nigeria and requirements of the CBN Foreign Exchange Manual within the organization.
• Support and implement processes for hedging forex risks of the company as per Group Treasury guidance.
• Explore opportunities for forex solutions with the company’s bankers and other approved channels.
• Facilitate regular training for the Supply Chain team on import trade processes and ensure they are kept up to date on regulations and requirements.
• Perform other tasks and duties as assigned by the Director, Treasury.
  
  

Functional competencies

• Analytical Thinking
• Banking Regulations Knowledge
• Treasury Management
• Forex Market & Operations
• Trade Services Administration
• International Trade Regulations
• Business Communication
• Stakeholder Management 
• Negotiation Skills
• Reporting 
  
  

Behavioral competencies

• Collaboration & Teamwork 
• Relationship Building
  
  

Qualifications

• Bachelor’s degree in Finance, Accounting, or other related discipline. Relevant professional certifications will be an asset.
• +8-10 years’ experience working in Treasury.
• Must have strong understanding of the Nigerian banking industry, currency controls regulations, currency solutions (FX hedge instruments), and import trade process and requirements.
  
  

Additional Information

Organizational Competencies

Customer Focus - People demonstrating this competency understand & exceed our customers’ needs. They develop trusted, reliable & collaborative relationships. They are consistently operating to the highest standards of service & delivery.

Innovation - People demonstrating this competency constantly seek new & improved ways to deliver our products & services. They champion engineering & skills development, and work to create a collaborative and supportive operating environment.

Integrity - People demonstrating this competency are open & honest in everything they do. They support financially & environmentally sustainable growth. They make socially responsible decisions and treat their stakeholders with respect.

Be Bold - People demonstrating this competency are thorough in analyses & decision-making. They are courageous in expanding existing markets & developing new ones. They confidently pursue appropriate financial returns and are forward-thinking and ambitious.

Sustainability- People demonstrating this competency are constantly seeking to create positive impact in the communities we serve.

Our Vision

IHS is committed to improving the quality and availability of telecommunications infrastructure, the lifeline for an increasingly connected world. We are dedicated to helping create a sustainable future for the communities in which we operate, and our sustainable strategy is structured around four pillars: ethics and governance, environment and climate change, education and economic growth, and our people and communities.