Chief Financial Control Officer at Mecer Consulting Limited

Job Code: CFCO/001/IFT

Responsibilities

• Preparation of the Bank's Management Account & Report
• Computation of the Banks Prudential Ratios
• Computation of the Banks Operating and Internally Stresses Ratios
• Manages the Cash Reserve Requirement with the CBN
• Review of Trial Balance Monitoring
• Budget Articulation and Preparation
• Budget Monitoring
• Budget Reporting
• Expenditure Control
• Validation and Obtaining Approval for Staff Salaries
• Validation and Payment of Staff Other Allowances And Benefits
• Computation And Management of the Matrix for Staff Share of Profit
• Validation of all Statutory Deductions and Remittances to Regulatory Bodies
• General Ledger Creation on the Bank's Core Application
• Fexi Account (Subsidiary)Creation on the Bank's Core Application
• Ensure Accurate Classification of Items in the Bank's GL
• Validating The Output of the Bank's EOM Run and Report by the Core Application
• Mapping Of New Gls to the Efass Reporting System
• Preparation of ALCO Report to the Board ALCO
• Preparation of Bank Performance Report to the Board of Directors
• Review of the Bank's Bank & Cash Positions Report
• Monitoring the Bank's Liquidity Position
• Review and Validation of Monthly Profitability Report
• Presentation of the MPR at the Monthly Performance Review Meeting
• Review And Monitoring of the 5 Year Strategic Plan of the Bank
• Monitoring of Strategic Decisions Taken at Strategic Sessions of the Bank
• Monitoring the Bank's Capital Management Plan
• Monitoring the Bank's Dividend Policy
• Preparation and Submission of Earnings Forecast to NSE
• Preparation And Submission Of Interim Financial Statements to NSE, SEC
• Preparations of Input on Returns to CAC
• Liaison with Rating Agencies on the Entity and Servicer Ratings Of The Bank
• Overseas The Treasury Function And Investment Of Pool Of Excess Funds
• Validates And Signs All Deposit Placement Letters In The Bank
• Validates And Signs Some Transfer Instructions Letters For Customers
• Manages The Insurance Sinking Fund Of The Bank And Group
• Oversees And Ensures The Insurance Of All Risk Asset Exposures
• Oversees And Ensures The Insurance Of All Cash And ATM Operations Exposures
• Oversees And Ensures The Fidelity Insurance For Cash Handlers In The Bank
• Oversees And Ensures The Insurance Of The Bank's Fixed Assets
• Oversees And Ensures The Insurance Of The Bank's Human Assets (Group Life)
• Liaison With External Auditors On The Audit Of The Bank's Financial Statements
• Prepares The Deposit Certification Report For Review By Auditors And Submission To NDIC
• Preparation of Annual Accounts And Report of The Bank
• Classification Loan Portfolio And Computation Of ECL Impairments
• Validation Of PAYE Compliance Reports
• Validation Of PENSION Compliance Reports
• Filing Of the Tax Returns ofthe Bank Including CIT, Edutax, Devlevy, WHT etc.
• Validation Of Entries For Fixed Assets Booking Into The Fixed Asset Register
• Validation Of Investment Scoring Reports For Investee Banks
• Member Of The Executive Management Committee And Meets On Operational And Strategic Issues Concerning The Bank
• Member Of The Management IT Steering Committee And Meets On IT Related And Security Issues For The Bank
• Member Of The Management Credit Committee And Meets On Credit Origination And Management In The Bank
• Liaison With CBN/NDIC On Routine Examination Of The Bank
• Liaison With FIRS On Audit /Examination Of The Bank
• Other Activities As Directed By The MD/CEO

Key Performance Indicators

• Articulate, monitor and direct implementation of strategic business plan
• Management of General Ledger to ensure figures are accurate and complete. Restructure the GL to ensure seamless reporting of sectional, individual, periodic and yearly performances.
• Manage and monitor capital request, budget preparation, measurement and timely reporting.
• Timely preparation and rendition of all internal and regulatory returns and compliance to ensure zero infraction.
• Development of financial and tax strategies for optimal efficiency
• Supervision and management of accounting, human resources, administrative activities and vendor’s relationship for cost advantage.
• Ensure liquidity position is adequate at all times to meet falling obligation (Treasury/ Cash Management)
• Oversee employee benefit plans with particular emphasis on maximizing a cost effective benefit package.

Academic Qualification & Work Experience

• A First Degree or equivalent in Accounting. Must be a qualified Accountant (ACA/ACCA)
• Must have at least 10 years cognate experience in Audit and Tax management, Must be proficient in the use of Microsoft Office Suite,
• Must be a registered professional with the Financial Reporting Council
• Must have worked at least 5 years at managerial position of a reputable financial institution.

Knowledge:

• Proven ability to manage a broad range of stakeholders.
• Experience handling administrative duties not limited to payroll and benefits.
• Cash Management, Financial Accounting and Corporate Finance Competence

Skills:

• Strong writing/ investigation skill
• Banking operations experience
• Leadership Skills and Strategic Vision
• Avid support for data analytics

Personal Attributes:

• Must be reliable
• Attention to details
• Strong work ethics
• Problem Solving Abilities