Team Member, Financial Reporting at United Bank for Africa (UBA)

Job Objective(s)

• To ensure timely and accurate reporting of bank and group financial performance and position as well as production of forward-looking financial statements, with transparent and adequate disclosures in line with IFRS and to implement the visions of financial control in UBA.

Responsibilities

• Preparation of accounting entries into the GL for PPE transfers, disposals and additions.
• Drive timely submission of proofs of WIP accounts (including BP accounts), as well as their age analyses.
• Preparation of detailed disposal schedule for intangible assets to agree with the intangible assets movement schedule and register as well as the GL Quarterly preparation of movement schedules for list of other assets' accounts and provision as assigned under proofs of accounts.
• Test other assets as assigned for impairment and where impaired, raise impairment entries.
• Daily variance analysis of all NEA-related P&L lines with a view to ensuring timely (i.e., daily/weekly) resolution of key findings and monthly generation of variance analysis reports.
• Work with a bank-approved consultant, coordinate the annual assessment exercise conducted by the Federal Ministry of Industry, Trade & Investment leading to the issuance of a certificate of acceptance of capital expenditure to the Bank by the Industrial Inspectorate Department of the ministry.
• GL MAINTENANCE
• GL account creation
• GL account closure
• GL account restriction - PND, PNC, total freeze & systems-only
• Placeholder creation for product schemes
• GL modification
• GL account tach bashing
• GL sub-head creation
• Provide all required financial statements' disclosures as they relate to NEA classes as assigned under proofs of accounts

Qualifications

• First Degree in any field
• Masters’ Degree or a professional qualification will be an advantage
• 3-5 years’ experience in finance and cost management in the banking industry.

Knowledge and Skills Required:

• Extensive knowledge of the bank’s policies and procedures
• Accounting principles
• Excellent interpretation of business needs into operational requirements.
• Good understanding of the Nigerian Banking Industry.
• International Financial Reporting Standards (IFRS)
• Knowledge of CBN’s policies and the business environment
• Bank policies and procedures
• Accounting policies and standards
• Microsoft office skills (word, excel, outlook)
• Interpersonal and communications skills.
• Integrity and confidentiality

Candidate's Profile:

• Our ideal candidate must have knowledge of International Financial Reporting Standards (IFRS) and minimum of 3 years experience in finance and cost management in the banking industry.

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 ability to work under pressure and ability to work with a wide variety of people and maintain 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.