Experienced Financial Control Officer at Bosak Microfinance Bank Limited

Job Summary

• We are seeking to hire an Experienced Financial Control Officer to strengthen its Finance & Accounts team. 
• This role is best suited for a qualified and experienced female finance professional, as part of our commitment to gender diversity and inclusion. 
• The selected candidate will manage financial operations, ensure regulatory compliance, and provide strategic financial insights to support the bank’s overall goals.
• The successful candidate must demonstrate strong knowledge of accounting principles and financial reporting, with hands-on experience in internal control, reconciliations, and monthly reporting.
  • Strong understanding of accounting principles and finance
  • Excellent analytical skills for interpreting financial data
  • Experience with financial reporting and creating financial statements
  • Attention to detail and accuracy in financial analysis
  • Promptness in Posting of Transactions
  • Income Statement and Balance Sheet Review
  • Weekly/Monthly Bank Reconciliations
  • Preparing General Ledger Reconciliation
  • Monthly Update of Fixed Asset Register
  • Preparing Monthly Journals
  • PAYE/WHT Remittances, Receipts documentation
  • Raising Internal Memos
  • Preparing Monthly Management Account
  • Raising Monthly Journals

Key Responsibilities

• Financial Management: Oversee day-to-day financial operations, including accounts payable/receivable, payroll, budgeting, and financial reporting.
• Budgeting and Forecasting: Develop and manage the annual budget and financial forecasts. Monitor financial performance against budgets and provide variance analysis.
• Financial Reporting: Prepare and present accurate and timely financial reports, including monthly, quarterly, and annual financial statements, in compliance with relevant accounting standards.
• Regulatory Compliance: Ensure compliance with all relevant financial regulations, including Central Bank guidelines, tax laws, and other legal requirements. Prepare reports for regulatory bodies as required.
• Internal Controls: Implement and maintain robust internal controls to safeguard the bank’s assets and ensure the accuracy and reliability of financial information.
• Cash Flow Management: Monitor and manage the bank’s cash flow to ensure liquidity and optimize the use of funds.
• Audit Coordination: Coordinate with external auditors during financial audits, ensuring all necessary documentation and information are provided.
• Financial Analysis: Conduct financial analysis to support decision-making processes. Provide insights on cost control, profitability, and financial performance.
• Team Management: Lead and mentor the finance team, ensuring professional development and the effective execution of financial tasks.
• Collaboration: Work closely with other departments to provide financial insights and support business operations.
• Assist in the development of financial strategies and initiatives.
• Tchnology and Process Improvement: Identify opportunities to improve financial processes and systems, leveraging technology to enhance efficiency and accuracy.

Qualifications & Requirements

• This position is strictly for female candidates
• A Bachelor’s degree in Finance, Accounting, Economics, or a related field
• ICAN or ACCA certification is compulsory
• Minimum of 5 years’ experience in a financial control or accounting role within the banking or microfinance sector
• Strong understanding of microfinance operations and regulatory compliance
• Proven experience in budgeting, financial reporting, and financial analysis
• Excellent leadership, analytical, and problem-solving skills
• High level of accuracy and attention to detail
• Strong knowledge of GAAP and financial reporting standards
• Proficiency in Microsoft Office Suite and accounting software
• Familiarity with the economics of banking and financial services