Head of Finance – Digital Banking at ARM Hold Co.

Job Summary

• Responsible for leading the Microfinance Bank’s finance function, delivery of financial management and financial operations reporting capabilities that allow the organization to achieve optimal business outcomes and regulatory compliance

Job Details

Balance Sheet Management:

• Identify, recommend, and implement optimal balance sheet structure for ARM Microfinance Bank, in compliance with internal balance sheet ratios, and regulatory requirements, and monitor effectiveness of balance sheet management strategies.

Financial Reporting:

• Interpret and translate financial statements and information to drive Transactional Accounting:
• Designs and manages the organization’s chart of accounts, as well as frameworks, and guidelines, on accounting operations. strategic and successful business decisions and growth.
• Communicates interpretations to organization’s board, and executive management to drive decision-making.

Tax Management and compliance:

• Design and implement taxation framework, standards, and guidelines for the Bank, in line with current and projected statutory provisions on taxation, and ensures the organization is in complete adherence to best practices in tax management.

Budgeting and Forecasting:

• Drive the Bank’s budgeting and forecasting efforts with the aim of providing the organization with a comprehensive financial plan for achieving its financial and operational goals.
• This role is also responsible for providing unique insights and advisory on market factors, industry trends, revenue and cost drivers that could impact budget performance

Cost Management:

• Lead cost management for the bank, through the deployment of waste elimination efforts, and the implementation of activity-based costing measures. Risk and Compliance Management:
• Ensures adherence of the bank to internal and regulatory provisions, ratios, accounting processes, records, and reporting standards for Microfinance Banks in Nigeria. .

Corporate Performance Management:

• Responsible for driving the implementation and continuous improvement of management information systems that allow for online, real-time monitoring and management of the organization’s performance

Stakeholder Management:

• Builds valued relationships with stakeholders at the strategic level, and assembles coalitions, to support long term business development.

Requirements

Knowledge Requirements 

• Professional Accounting Standards (Level 4/4)
• Transactional Accounting and Closing Processes (Level 4/4)
• Financial Reporting and Compliance (Level 3/4)
• Cost Management (Level 4/4)
• Budgeting, Planning and Forecasting (Level 4/4)
• Financial Analysis (Level 4/4)
• Management Reporting (Level 4/4)
• Treasury Policies and Risk Management (Level 3/4)
• Tax Planning (Level 3/4)
• Strategy (Level 3/4)
• Coaching and Mentoring (Level 2/4)
• Driving Performance (Level 3/4)

Skill Requirement

• Time Management
•  Interpersonal Skills
• Analytical Ability
• Meeting Management
• Report Writing
• Emotional Intelligence
• Strong Communication Skills  
• Strong Negotiation and Conflict Resolution Strategy
• Personal Abilities 
• Confidentiality
• Objectivity
• Attention to Detail
• Integrity
• Emphatic