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

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

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 and 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

Trade Finance & Letter of Credit (LC) Operations

• 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
• 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