Head, Financial Operations at Fedeth Microfinance Bank

Location: Central Business District, Abuja (FCT)

Roles / Responsibilities
Operations:

• Comply fully with the relevant Anti-Money Laundering regulations and report promptly any knowledge or sus picion of money laundering activities to the relevant authority.
• Coordinates with internal departments to ensure that daily work meets organisational standards.
• Liaises with superior to make decisions for operational activities and set strategic goals
• Manage relationships/agreements with external partners/vendors/Bankers
• Translates the strategic goals into operational plans to achieve the required targeted growth
• Reconcile monthly activity, generating year-end reports, and submitting same to management
• Maintains archival and financial administrative files • Manage bank accounts to ensure sufficient liquid funds
• Ensure that accounting requests are resolved and communicated in a timely manner to internal and external parties
• Daily reconciliation of all internal ledgers to ensure accuracy
• Ensures timely resolution of all client’s complaints in line with agreed turnaround time
• Keeps records of all company’s fixed assets and ensuring industry standard is maintained
• Responds to requests to implement on a timely basis all internal and external audit points together with any issues raised by external regulators.

Treasury:

• Understand, manage, and supervise all aspects of cash flow.
• Forecast daily cash requirements and execute dailyfinancing decisions.
• Manage all aspects of In-house investment portfolios.
• Manage long-term and short-term investment strategies.
• Determine the Company’s goals and risk tolerance.
• Determine the Company’s tax position and the applicability of taxable/non-taxable instruments.
• Assess risk/return trade-offs in transactions.
• Assess performance benchmarks and recommend changes when warranted.
• Review and recommend changes to the investment policies based on the market conditions.
• Prepare or monitor the company’s various cash flow forecasts and perform financial modeling.
• Evaluate, develop and implement cash management systems to optimize efficiencies.
• Understand and manage appropriate accountingprocedures and processes.
• Manage relationships with financial service providers.
• Conduct benchmark studies of banks and their services to evaluate whether they meet ALC’s requirements.
• Evaluate alternative long-term borrowing strategies and make recommendations in accordance with the capital structure guidelines.
• Manage, direct, and develop Cash Management staff.
• Recommend, implement and maintain process improvements.
• Provide technical and other support for mergers and acquisitions and other projects as needed.
• Support and participate in the Organization’s Strategic Plan activities.

Processes:

• Adheres to SLAs and communicating appropriately to internal clients.
• Ensures that all procedures and controls are fully documented, fit for purpose, appropriately communicated and adhered to.
• Ensures procedures are compliant with all relevant regulatory and legal considerations and the team is properly trained to carry out such responsibilities
• Understands, follow and demonstrate compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business.
• Oversees customer support processes and organize them to enhance customer satisfaction

Requirements

• Bachelor's Degree / HND and Master's Degree qualification with 6 - 10 years relevant work experience.