Senior Finance Manager at Fina Trust Microfinance Bank

Key Responsibilities
Financial Reporting and Accounting:

• Oversee the preparation of monthly, quarterly, and annual financial statements in accordance with IFRS and regulatory requirements.
• Ensure the General Ledger integrity and accurate recording of financial transactions.
• Supervise the preparation of trial balances, reconciliations, and supporting schedules.
• Ensure the monthly financial reporting cycle is completed within defined timelines.
• Prepare management accounts and variance analysis for executive review.
• Coordinate the preparation of the annual audited financial statements and liaise with external auditors.

Regulatory and Statutory Compliance:

• Ensure full compliance with regulatory reporting requirements of the Central Bank of Nigeria.
• Prepare and submit statutory returns including:
  • Prudential returns
  • Financial condition reports
  • Regulatory reports
• Ensure compliance with tax obligations including:
  • Corporate Income Tax
  • Withholding Tax
  • Value Added Tax
  • PAYE remittances to Lagos State Internal Revenue Service.
• Coordinate responses to tax and regulatory audits from the Federal Inland Revenue Service and other authorities.

Budgeting and Financial Planning:

• Lead the preparation of the annual budget in collaboration with departmental heads.
• Monitor budget performance and provide variance analysis to management.
• Support strategic planning through financial forecasting and scenario analysis.
• Provide insights into cost management and revenue optimization.

Financial Control and Risk Management:

• Maintain strong internal financial controls across all financial processes.
• Ensure adequate documentation and audit trails for all transactions.
• Monitor loan provisioning and impairment accounting in line with IFRS requirements.
• Review financial policies and procedures periodically.
• Support risk management initiatives relating to credit losses, liquidity, and operational risk.

Automation and Process Improvement:

• Lead the automation of financial reporting and operational processes to improve efficiency and accuracy.
• Develop and maintain financial dashboards and reporting tools.
• Implement systems that reduce manual processes in areas such as:
  • Expense management
  • Financial reporting
  • Reconciliation processes
• Work with technology teams to improve core banking system integrations with finance reporting tools.
• Ensure data accuracy and integrity across financial systems.

Management Reporting:

• Prepare monthly and quarterly management reports for executive management and the Board.
• Provide financial analysis to support business decisions and performance evaluation.
• Track key financial metrics including:
  • Loan portfolio performance
  • Operating expenses
  • Revenue growth
  • Profitability indicators
• Prepare board-level financial presentations.

Audit and Compliance:

• Coordinate internal and external audits and ensure timely resolution of audit issues.
• Maintain documentation to support audit reviews.
• Ensure audit findings and management letter points are addressed promptly.
• Maintain compliance with accounting standards and regulatory guidelines.

Qualifications and Experience
Education:

• Bachelor’s Degree in Accounting, Finance, or related field.
• Professional certification such as:
  • Institute of Chartered Accountants of Nigeria (ICAN)
  • Association of Chartered Certified Accountants (ACCA)
  • Chartered Institute of Taxation of Nigeria (CITN) is an advantage.

Experience:

• 6–8 years’ experience in finance or accounting, preferably within banking or financial services.
• Experience working in microfinance banks or lending institutions is highly desirable.
• Strong knowledge of:
  • IFRS financial reporting
  • Nigerian tax regulations
  • Banking regulatory reporting.

Key Competencies:

• Strong financial reporting and accounting expertise
• Knowledge of Nigerian banking regulations
• Advanced Excel and financial modelling skills
• Experience with financial automation tools and dashboards
• Strong analytical and problem-solving abilities
• Excellent communication and stakeholder management skills