Team Lead, Financial Control at Bosak Microfinance Bank Limited

Key Responsibilities

• Financial Management: Oversee day-to-day financial operations, including accounts payable/receivable, payroll, budgeting, and financial reporting.
• Budgeting and Forecasting: Develop and manage the annual budget and financial forecasts. Monitor financial performance against budgets and provide variance analysis.
• Financial Reporting: Prepare and present accurate and timely financial reports, including monthly, quarterly, and annual financial statements, in compliance with relevant accounting standards.
• Regulatory Compliance: Ensure compliance with all relevant financial regulations, including Central Bank guidelines, tax laws, and other legal requirements. Prepare reports for regulatory bodies as required.
• Cash Flow Management: Monitor and manage the bank’s cash flow to ensure liquidity and optimize the use of funds.
• Audit Coordination: Coordinate with external auditors during financial audits, ensuring all necessary documentation and information are provided.
• Financial Analysis: Conduct financial analysis to support decision-making processes. Provide insights on cost control, profitability, and financial performance.
• Team Management: Lead and mentor the finance team, ensuring professional development and the effective execution of financial tasks.
• Collaboration: Work closely with other departments to provide financial insights and support business operations. Assist in the development of financial strategies and initiatives.
• Technology and Process Improvement: Identify opportunities to improve financial processes and systems, leveraging technology to enhance efficiency and accuracy

Qualifications & Requirements

• A Bachelor’s Degree in Finance, Accounting, Economics, or a related field.
• ICAN or ACCA certification is an added advantage.
• Minimum of 5 years experience in a financial control or accounting role within the banking or microfinance sector.
• Strong understanding of microfinance operations and regulatory compliance.
• Proven experience in budgeting, financial reporting, and financial analysis.
• Excellent leadership, analytical, and problem-solving skills.
• High level of accuracy and attention to detail.
• Strong knowledge of GAAP and financial reporting standards.
• Proficiency in Microsoft Office Suite and accounting software.
• Familiarity with the economics of banking and financial services.

Skills:

• Strong understanding of accounting principles and finance.
• Excellent analytical skills for interpreting financial data.
• Experience with financial reporting and creating financial statements.
• Attention to detail and accuracy in financial analysis.
• Promptness in Posting of Transactions.
• Income Statement and Balance Sheet Review.
• Weekly/Monthly Bank Reconciliations.
• Preparing General Ledger Reconciliation.
• Monthly Update of Fixed Asset Register.
• Preparing Monthly Journals.
• PAYE/WHT Remittances, Receipts documentation.
• Raising Internal Memos.
• Preparing Monthly Management Account.
• Raising Monthly Journals.