Jobs Career Advice Signup

Send this job to a friend


Did you notice an error or suspect this job is scam? Tell us.

  • Posted: Jan 1, 1970
    Deadline: Sep 25, 2019
  • Peridot Forte Solutions Consulting was birthed out of the passion to assist and help organization to create a structure and frame work for their businesses thereby achieving high rate of organizational performance and profit. Organization strives achieving high rate of organizational performance and profit. Organization strives on the basis of the efficiency...
    Read more about this company

    Head, Internal Control

    Job Summary

    • Compliance, Internal Controls and Risk Management


    • Ensure regular reconciliation of bank statements
    • Ensure proper documentation, recording and tagging of the company’s fixed assets.
    • Liaise with external auditors
    • Ensure proper proofing and recommendation of general ledger accounts
    • Makes financial control-related recommendations on specific major projects or plans.
    • Ensure prompt rendition of returns to the MD and board of Directors
    • Ensure that credit facilities to any customers or group of customers are in line with the regulatory guidelines; clearly defined internal policies and debt service capability.
    • Monitoring of conditions subsequent to draw down for timely detection of documentation deficiencies.
    • Ensure that all credits have been approved in accordance with the credit policy.
    • Ensure that all pre-disbursement conditions have been met.
    • Ensure that all collateral documents are properly kept and perfection carried out.
    • Review approved credit for quality, performance and compliance with approved terms & condition in the credit policy. Ensure all credit are approved in accordance with the credit policy and any regulatory guidelines. prompt escalation of any deficiencies noted
    • Carry out spot checks on loan customers to verify due diligence done prior to draw down
    • Identify all non performing accounts and pursue workout strategies in collaboration with loan officers
    • Ensure that limits are monitored.
    • Ensure that income, fees, maturing repayment & other charges are captured.
    • Detect and escalate un-authorized credits.
    • Ensure policy driven credit related sanction are captured on the software, e.g. late payment penalties and enforced by loan officers
    • Prepare regular report for management on portfolio quality etc. as required
    • Identification of warning signals and flagging likely problems before they crystallise
    • Review regularly officer cash collection records versus system balances
    • Enforce the company’s clear desk policy
    • Identification of deteriorating accounts for prudential classification and transfer to credit recovery
    • Ensure that limits are monitored
    • Ensure that income, fees, maturing repayment & other charges are captured.
    • Detection and escalation of un-authorized credit.
    • Implementation of policy driven credit related sanctions.
    • Preparation of exception report as required.
    • Identification of warning signals and flagging likely problem before they crystallise.
    • Custody and maintenance of credit files.
    • Ensure that a review of the portfolio is carried out on a quarterly basis
    • Ensure that a rapid review of the company’s portfolio is carried out, in the event of material adverse changes, affecting the operating environment.
    • Ensure that appropriate recommendations are implemented such that the desired level of credit quality and performance are attained and sustained.
    • Take necessary measure to ensure adequate quality assurance in operation i.e. call over. General ledger proofing/ reconciliation, integrity test, departmental control etc.
    • Ensure all interest earning are correctly accrued and amortised monthly.
    • Ensure proper verification of expenses before processing and disbursement of funds.
    • Track bank deposits and payments


    •  5 - 9 years experience in Microfinance Bank.

    Method of Application

    Interested and qualified candidates should send their CV to: using the Job Title as the subject of the mail.

  • Send your application

Never miss a job with our real-time & personalized job service
Subscribe Now
Back To Home

Career Advice

View All Career Advice

Subscribe to Job Alert


Join over 630K happy subscribers

Send your application through

Yahoomail Gmail Hotmail