Risk Manager

Application deadline closed.

Job Description

BASF West Africa Limited

BASF West Africa Limited – At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. The employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions and Oil & Gas.
We are recruiting to fill the position of:
Job Title: Risk Manager
Job ID: 63501
Location: Lagos
Employment Type: Permanent
Job Field: Finance, Controlling & Audit
What You Can Expect

The successful incumbent will be responsible for Credit Risk Management and FX Risk Management.
The responsibilities reach along the entire order-to-cash process and include the risk assessment of customers, the determination of credit limits, credit checks of sales orders, the management of order blocks as well as debt collection, among others.

Duties will include the following:

Managing treasury risk such as Foreign Currency Risk, Country Risk and Compliance Risk
Enforcing global treasury requirements and managing treasury risks associated with FX shortages in the country.
Proactively identifying treasury related risks and initiating adequate risk mitigation measures, in collaboration with the regional treasury EMEA team.
Providing pro-active updates to the regional treasury EMEA team about regulatory changes, changes in FX and money markets and the economic environment in Nigeria
Providing expertise and trainings in treasury risk management to local finance and controlling communities as well as business units
Monitor, validate and approve credit relevant Customer Master Data, e.g. payment terms, VAT number, customer contacts, fraud prevention, which are needed to perform Debt Collection, avoid fraud, etc.
Assessing a customer’s credit risk (Risk Assessment) by performing a credit risk analysis including detailed analysis of customer financials
Negotiation of repayment plans for financial criticalities / temporary difficulties with the BU and the customer.
Close tracking of customers’ payment behavior, especially customers with low credit rating, recent downgrades, increasing overdue amounts or country risk
Understanding the in-country challenges, economic and political environment and the impact it has on the customer risk and / or customer’s ability to pay its debts
Gain in-depth transparency about Customers (Ownership structure, corporate information, infrastructure, management, site, sustainability, etc.)
Decide on Dispute Management measures like prolongation and transfer to collection agency or further escalating measures (e.g. payment plans).

What We Expect

Degree from a University in Finance or Business Administration or an equivalent qualification
Minimum of 5 years’ experience working in Credit Risk and FX Risk Management for a large corporate with international footprint
Advanced computer literacy in MS Office is required whilst experience in SAP is preferred
Must be highly organized, able to work, think and act independently, able to work in a fast-paced environment and produce error free work.

We Offer

Responsibility from day one in a challenging work environment and on-the-job training as part of a committed team.
Competitive compensation including attractive benefits as well as excellent career opportunities in an international company.

Application Closing Date
21st January, 2022.

To apply for this job please visit basf.jobs.

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