Financial Controller at MacTay Consulting

Job Objectives

• Reports and deputizes for the CFO.
• Involved all financial strategy and planning.
• Supervise all accounting functions and their accounting practices, budget preparation, financial reporting, tax, and audit functions. Champion cost containment / reduction initiatives and support decision making in his strategic business area.

Job Responsibilities

• Work with the CFO on the development and implementation of the strategic vision including fostering and cultivating stakeholder relationships.
• Participate in developing new business, specifically: assist the MD in identifying new funding opportunities and drafting prospective programmatic budgets.
• Assist the CFO on all strategic matters as they relate to budget development and management, cost benefit analysis and forecasting needs.
• Ensure smooth functioning of the Financial Control function.
• Involved in the management and coordination of all fiscal reporting activities for the organization including organizational operating income /expense and balance sheet reports, reports to the board and the regulator.
• Develop and maintain systems of internal controls to safeguard the financial assets of the bank.
• Oversee the coordination and activities of independent auditors as well as attending Board and Subcommittee meetings.
• Protection of the bottom line through extended transparency and dynamic performance management.
• Cost management for the centralized operating expenses areas.
• Involved in the administration of the bank’s recurrent and capital expenditure budgets.
• Ensure timely and accurate preparation and circulation of appropriate monthly management accounts and reports to both senior management and directors.
• Drive budget achievement in each strategic business area.
• Implement financial policies and processes to increase organizational effectiveness and efficiency.
• Ensures the compliance with all financial regulatory laws.
• Conduct Monthly Performance Review sessions.
• Oversee the development and distribution of the annual budget for each business area and ensure that it is strictly adhered to.
• Ensure the proper management and distribution of financial resources.
• Carry out market intelligence on potential growth and expansion opportunities.

Key Performance Indicators:

• Budget achievement
• Adequacy of content of MIS report to effectively aid decision making.
• Accuracy and integrity of MIS reports
• Zero regulatory infraction
• Cost / income ratio
• Timeliness of reporting to the corporate center

Job Requirements
Education

• Bachelor’s Degree in Business, Finance, Accounting, or relevant field with a minimum of second class upper
• Professional qualification in ACA / ACCA / CFA
• MBA in Finance would be an added advantage.

Experience:

• Minimum of 10 years post qualification experience in Finance and Performance management role within the Financial Services Industry, of which at least 5 years must have been at a senior management level.

Key Competency Requirements:
Knowledge:

• Experience in playing a significant role in the organization’s strategy committee through team leadership.
• Knowledge of CBN electronic software reporting module.
• Proficiency in Microsoft Office Suite as well as knowledge of Management reporting software with a view to qualitative reporting
• Knowledge of International Financial Reporting Standard
• Knowledge of CBN reporting requirements.
• Experience on budget formulation and control
• Extensive knowledge of the Financial and banking sector (International & domestic).
• Good policy development and management.
• Financial acumen

Skill / Competencies:

• Dynamic, analytical, and self - driven individual with the ability to work under pressure.
• A passion for performance, team play and achievement in a competitive and dynamic environment.
• Hardworking, strategically-minded individual with excellent communication, analytical and interpersonal skills
• Must have excellent leadership, organizational and planning skills.
• Excellent persuasion and negotiation skills, networking skills and sound knowledge of the Banking environment.
• Strong and well-defined leadership qualities; visionary, honest & open, personal integrity and role model.