Head of Financial Control at Moneyfield Microfinance Bank Limited

JOB SUMMARY

Primarily responsible for overseeing and ensuring the accuracy, integrity, and compliance of financial reporting, implementing and maintaining effective financial controls, and supporting strategic decision-making for the Bank. Additionally, the Head of FinCon is also required to manage funds and other financial activities of the bank and make financial information available to users.

PRINCIPAL DUTIES AND RESPONSIBILITIES

• Preparation of financial statements & reports
• Reviewing of Bank reconciliation statements; all outstanding issues to be trashed out
• Reviewing of daily postings into the General Ledger
• Creation of General ledgers for new transactions and Banks.
• Timely rendition of statutory returns and reports to the Bank’s regulators (CBN, NDIC, CAC etc.)
• Budget preparation and allocation
• Expense monitoring & control
• Liaising with statutory bodies and government agencies such as (CBN, NDIC, LIRS, FIRS, etc.)
• Liaising with compensation officer, internal control & external auditors
• Liaising with Banks of finance related issues
• Attends to various meetings such as: Management meetings, Credit review,
• Credit Appraisal and general purpose meetings.
• Computation of depreciation and amortization
• Preparation of salary journal and posting
• Reconciliation of bank books and records: prepayment, sundry creditors, sundry customers, unpaid salary etc.
• Maintenance and updating of fixed assets register and schedule.
• Other responsibilities as may be assigned by the Managing Director.

QUALIFICATIONS, EXPERIENCE, SKILLS AND COMPETENCIES

• Minimum of an HND/B.Sc. in Accounting/Accountancy, Finance or its equivalent. Master’s degree will be an added advantage.
• Professional membership is required - ACA, ACCA, and/MCP
• 10 – 15 years of experience in the financial sector, preferably in Microfinance or Commercial Banking
• Excellent written and verbal communication skills
• Excellent teamwork skills
• Financial Intelligence
• Report Generation
• Good Financial Decision
• Statutory Reporting
• Management Accounting
• Excellent use of MS Office packages (Word, Excel, Outlook, etc.)
• Leadership
• Analytical Thinking
• Detail-Oriented
• Communication
• Team Spirit

KEY PERFORMANCE INDICATORS

• % of accuracy and timely rendition of weekly and monthly financial report generation.
• % of zero income leakages
• Ensure 25% cost reduction process
• Ensure compliance to CBN and other regulatory bodies stipulations.
• Reduce matching gap by 90% by ensuring that deposits are adequately matched to risk asset generation.