Finance Manager / Head of Finance at Mkobo Microfinance Bank Limited (Mkobobank)

Location: Yaba, Lagos

Job Purpose

• The main purpose of this position is to assist in the delivery of company-wide accounting, finance, treasury management, budgeting, performance analysis, payroll, and financial reporting function.
• The Accountant will proactively identify issues, opportunities, and solutions to ensure effective budgeting assists in strategic planning and forecasting, financial performance, and sustainability while ensuring the accurate capturing and timely reporting of all financial activities.

Key Responsibilities

• Full responsibility for the production of monthly management accounts
• Review and approve all reconciliation and schedules such as bank statements, schedule of accrued charges, prepayments etc.
• Statutory reporting and year-end duties
• Consolidation and reporting to senior management
• Preparation of monthly budgetary control and performance.
• Preparation of overall annual budget of the bank, including the assumptions and the ratios.
• Treasury management and monitoring
• Raising invoices and ensuring invoices are paid promptly and on time.
• Preparation of budget/financial plan & forecast.
• Assist in the preparation and review of all monthly and quarterly reports for the Board, Shareholders, Regulatory bodies etc.
• Follow up on-budget implementations and limits as it relates to each department. Investigates variances between budget and actual.
• Perform financial control functions.
• Develop and manage liquidity management tools
• Preparation of monthly management accounts and other financial accounts
• Assist Senior Managers in financial management and reporting activities.
• Manage account payables and receivables activities.
• Conduct finance audit periodically and recommend improvements.
• Develop financial policies and procedures for operational efficiency.
• Develop and maintain financial statements for future reference.
• Monitor and manage expenses within the established budget.
• Implement a structured and robust accounting department.
• Work with External Auditors for a regular audit of accounts.

Qualifications

• Minimum of 5 Years relevant experience in a Financial institution
• Minimum of Degree in Accounting/Finance/Economics
• ICAN or ACCA Qualified.

Skills / Knowledge:

• Excellent working knowledge of MS Excel & Word;
• Good knowledge of IFRS and Management Accounting
• Good knowledge of CBN regulatory reporting
• Attention to detail and analytical skills
• Excellent communication and organization skills
• Strong Stakeholder Management and a team player.
• Self Starter and ability to work independently
• Financial services or technology company experience will be beneficial
• Must have prior experience working with Bankone Core banking.
• Treasury Management.