Finance Business Partner at First Bank

Duties & Responsibilities

• To conduct competitive bechmarking, environmental scanning and analysis to generate business insight and actionable recommendations for performance improvement  in the business areas of oversight.
• To facilitate annual bottom up budgeting exercise and ensure adequate planning in the  business areas of oversight.
• To identify and assess MIS issues affecting the business and ensure their correction and conclusinve resolution.
• To support the implementation and maintenance of an effective MIS (Management Information System) reporting process that is accurate and fair in presenitng business performnace.
• To ensure the integrity and completeness of acounts mapped to SBUs under oversight.
• To ensure the correctness of costs allocated and fairness of cost apportioned to SBU.
• To provide adhoc support to the SBU and prepare any reports as required
• To coordinate all other efforts to enhance performance by the SBU.
• Prepare and analyze the following reports at least monthly and present same to SBUs/SRF at performance review sessions.

Balance Sheet Review:

• Volume and growth analysis
• Funding cost analysis (Deposit rates)
• Yield analysis

Product Analysis:

• Electronic & other Products Sales & Adoption
• Non-Interest Income Analysis
• Cash Transaction Analysis (Identify dumping)

OPEX Analysis:

• Budget utilization
• Cost allocation vs apportionment
• Cost optimization
• Branch Operations Cost Analysis
• Big Spenders’ Cost Engagement

Opportunities & Initiatives:

• Budget utilization
• Cost allocation vs apportionment
• Cost optimization
• Branch Operations Cost Analysis
• Big Spenders’ Cost Engagement
• Cross-sell and collaboration
• Market & Environmental scanning
• Strategic initiatives
• Productivity Analysis
• Loss-making branches
• Facilitate the monthly performance review session with SBU/SRF Executives, to discuss the monthly performance report, issues (including cost apportionment, account remapping etc)
• Prepare and analyze monthly/quarterly performance position of the SRF/SBU, and facilitate robust performance dialogues with SBUs and SRFs
• Facilitate performance clinic sessions with under-performing Business Maanagers and Relationship Managers and offer advise and guidance to improve business  performance
• Monitor and analyse income allocated to SBU and ensure the corrrectness and completeness of performance reports, including costs, revenues, volumes and products
• Perform monthly balance sheet, income statement variance analysis.
• Provide periodic competitive analysis for business unit
• Participate in budgeting exercise to ensure adequate inputs and sensible assumptions by the SBU and budgeting teams
• Drive budget cascade to all Group Heads, Team Leads/ Business Development Managers, Business Managers and Relationship Managers and resolve all issues arising therefrom
• Indentify and ensure full coverage of all individuals in SBU in scorecard and monthly performacne dashboard preparation
• Identify and collate appropriate data for scorecard generation
• Generate and communicate scorecards to all individuals in the SBU and SRF being covered
• Drive adoption of issue management via the bank’s Helpdesk platform and BPM app as appliacble
• Monitor staff movement, ensure account re-mapping wihin SBU and correct any errors or irregularities
• Faciliate the resolution of all account mapping related issues and other inter-SBU disputes relating to ownership, income, value-chain, collaboration, cross-sell.
• Educate BM/RMs on peformance reports, strategic initiative, including new initiatives, dashboards and other reports
• Assist the Business Partner Leads in resolving conflicts arising from scorecards, MIS, expense control, budget of SRF/SBU’s
• Facilitate enlightenment/training sessions on scorecards and other performance initiatives.
• Facilitate inter-departmental engagements between SBUs and SRFs as may be required to drive business process efficiency or performance improvement
• Identify and implement process effectiveness and efficiency improvement initiatives
• Develop apps, reports and other tools to enable robus business engagement and administration
• Maintain the Security of all Information entrusted to the staff.

Job Requirements
Minimum Education: 

• First Degree in Accounting, Finance, Economics, Science or Engineering.
• Master’s Degree / Professional certification in Accounting or Finance.

Minimum Experience:

• 10 years industry experience and at least 5 years in a MIS, Finance or accounting role.
• Experience in MIS (Management Information System).
• Proficiency in Microsoft office suite, MS access, SQL, etc.
• Experience in Finance or Accounting.