First Bank of Nigeria Limited (FirstBank) is Nigeria’s largest financial services institution by total assets and gross earnings. With more than 10 million customer accounts, FirstBank has over 750 branches providing a comprehensive range of retail and corporate financial services. The Bank has international presence through its subsidiaries, FBN Bank ...
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Daily spooling of General Ledger (GL) balances of branches and head office departments.
Review of the GL pull out of Income & Contingent sub-heads.
Performs In-depth Investigation on GL to identify wrong postings, irregular and abnormal balances oraccounts with wrong classification.
Liaising with branches and departments having abnormal balances in their income & contingent accounts to regularize.
Collaborate with internal control department in ensuring that all improper balances in GL are cleared promptly by branches and departments responsible.
Preparation and Review of Monthly Income and Expenses trends for input into the revenue assurance MANCO report
Review fixed deposit booked on the system, to ensure there are no unverified system
actions preventing roll over and non-interest payment.
Review of fixed deposit exception/ recovery report for inclusion in the MANCO paper monthly.
Review uncollected management and commitment fees report on a monthly basis for loan and overdraft, to ensure all fees are taken, and approvals obtained where there are waivers.
Re-computation of interest income on overdraft, Account maintenance fees, loans, FIP, ROU etc. and charges to ensure completeness of the system in calculating and collecting
these fees.
Uncollected fees are raised as exception against the relevant department/ unit in the bank
for immediate recoup.
Development of additional scripts to validate system/user accuracy in collection of other
income due the bank.
Liaising with branches on reasons for drop/increase in income or correct wrong
classification of accounts.
Daily/Weekly/Monthly Review of Trial Balance of the bank for trend analysis.
Provision of audit requirements for External and Internal Audits
Job Requirements:
Bachelor’s degree in Finance, Accounting, Economics, or related field.
Professional certification (ACCA, ICAN, CFA) is required.
Minimum of 7 years post-qualification experience in a similar role.
Experience in financial services industries/commercial banks is an advantage.
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