Team Lead, Cost Management & Budgetary Control at United Bank for Africa (UBA)

Location: Head Office - Lagos, Nigeria
Job Type: Permanent

Job Objectives

• Provision of timely and periodic Cost MIS Reports for business segments across the Group.
• To achieve a relatively low cost to Income ratio for the bank.
• To also support and enhance the efficiency of operations. Feedback reporting on costs to Management, Directorate Heads, Divisional Heads, etc.

Responsibilities

• Develop cost budget guidelines, timelines and templates.
• Work with the directorate heads to cascade approved global budget OPEX and CAPEX budgets.
• Review of extra-budgetary expenditures requests.
• Deployment and execution of strategic cost containment initiatives group-wide.
• Monitoring and reporting on expense/cost lines group-wide.
• Efficient and timely allocation of Head Office costs, through ABC allocation methodology plus a periodic review of allocation parameters in line with changes in key cost drivers of the business before the release of the draft MPR.
• Providing business and MIS support to stakeholders towards the achievement of financial targets set for each SBU.
• Provision of technical support to the GCOC, as well as the preparation of the quarterly reports for EMC and Board Considerations/ Approval.
• Providing automated detailed cost reports by expense type to ALL business and support groups in line with the KPI sets for MPR delivery.
• Management of the cost code system for monitoring and situating expense responsibility.
• Generation/implementation of strategic cost-saving initiatives.

Qualifications

• Bachelor's Degree in any related field.
• Masters’ Degree in a relevant field or relevant professional certification (CFA, ACCA, ACA, ACIB etc.) will be an added advantage.
• 5-8 years experience in finance and cost management in the banking industry.

Candidate's Profile:

• Our ideal candidate must have advanced interpersonal and conflict management skills, in the financial service industry.
• Must have excellent oral and communication skills, excellent listening skills, leadership and motivation, good price negotiation skills and strong analytical Skills

Knowledge & Skills Required:

• Excellent oral and communications skill
• Advanced interpersonal and conflict management skills.
• Excellent listening skill
• Leadership and motivation
• Price negotiation skills
• Strong Analytical Skills
• Cost management
• MS tools
• Best Industry Practice.

What We Expect From You:

• High degree of professional ethics, integrity and responsibility.
• Highly organised, proactive, ability to work independently and take ownership of tasks assigned.
• Team player with the ability to work under pressure and ability to work with a wide variety of people and maintain an excellent business relationship.
• High sense of confidentiality and discreteness.

What You Should Expect From Us:

• Our corporate culture is defined by our core values.
• We do not just train our people to be the best in the job, we also offer encouragement, recognition, and rewards.
• Whatever level you are at in your career, we offer plenty of opportunities and support to build a rewarding career at UBA.
• Here in UBA, our employees are our greatest assets and so we built a recognition and reward system that boosts productivity and enhances staff retention, instituting a culture of meritocracy.