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  • Posted: Aug 15, 2014
    Deadline: Not specified
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    In 1965, the Standard Bank of South Africa merged with the Bank of West Africa acquiring businesses including a banking operation in Nigeria, which dated back to 1894. The name was then changed to Standard Bank of West Africa. Four years after the merger, Standard Bank Nigeria was incorporated locally to take over the business in Nigeria. In 1971, 13% of the...
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    Manager - Financial Reporting

    Job ID: 445738
    Location: Nigeria

    Job Description

    •     Prompt delivery of regulatory returns for FC’s approval
    •     Act as Tax compliance officer
    •     Undertake insurance management
    •     Interprets and implements basic accounting standards, tax regulations and local banking laws
    •     Guides new joiners and junior staff on routine reporting requirements and processes
    •     Initiates data controls and verifies the integrity or reporting schedules with the General Ledger and underlying Transaction Processing systems
    •     Assesses the context, rationale and impact of changes in the external reporting environment and is able to articulate these changes both to Finance colleagues as well as business/function stakeholder
    •     Analyzes and models the impact of new rules on Bank wide operations and reporting systems after engagement with other departments impacted by the changes
    •     Reviews reporting pack and specialized schedules, performing variance analysis within a defined and researched business context whilst linking current performance with future projections, risks and opportunities
    •     Assumes ownership of the end-to-end reporting process, taking responsibility for coordination between units within Finance to ensure delivery of the reporting requirements
    •     Plays an integral part in any re-engineering reporting process with a mindset for maximizing efficiency and maintaining standardized data quality and integrity
    •     Leads and implements local process/system changes across multiple teams within the country.
    •     Scans the wider external environment to anticipate, influence and contribute to the development of rules and regulations.

    Qualifications & Skills

    •     First Degree from a reputable institution with a minimum of a 2nd class degree.
    •     ACA or ACCA
    •     Professional qualifications in Accounting and Finance e.g. ACCA, ACA plus at least seven years work experience in Regulatory and Financial reporting department of a financial institution.
    •     Understanding of International Financial Reporting Standards (IFRS) and its impact of the bank’s financial reporting.
    •     Good working knowledge of the Group Accounting practice and Local Regulatory requirements supplemented by all round Banking experience.
    •     Working knowledge of Accounting/Banking systems is essential for the extraction and processing of data from the system.
    •     Understanding of the GL accounts is essential in assessing whether the trend of an account is irregular and requires immediate management attention.
    •     Good communication and interpersonal skills are essential in dealings with both internal and external customers.
    •     Ability to work in a busy and strenuous environment for long hours in order to meet set deadlines.
    •     High level of computer literacy is required for processing data in various packages

    Method of Application

    Interested candidates should click here to apply online.

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