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  • Posted: Jan 22, 2021
    Deadline: Jan 31, 2021
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    MacTay Consulting has been in existence for over 28 years in Nigeria. We are a member of TACK and TMI, international consulting companies operating in over 60 countries and with a combined experience of over 80years. Our global network of partners and experience means that our clients enjoy all the benefits of a local office, while drawing upon our multi...
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    Financial Controller

    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.

    Method of Application

    Interested and qualified candidates should forward their CV to: bayonle.oduola@mactay.com using the "Job title" as subject of the email.

  • Send your application

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