Jobs at Fadac Resources

Job Summary

• As the Head of Finance and Accounts in the microfinance banking sector, you will lead and oversee all financial operations, accounting functions, and regulatory compliance within the organization.
• Your role will be pivotal in ensuring the sound financial management of the institution and adherence to industry standards.

Responsibilities

• Develop and execute financial strategies aligned with the institution's goals and regulatory requirements.
• Guide budgeting, forecasting, and financial planning to support sustainable growth.
• Oversee the preparation of accurate financial statements, ensuring compliance with regulatory standards and accounting principles.
• Lead the financial reporting process, providing insights to aid decision-making at the executive level.
• Implement robust internal controls to manage financial risks effectively.
• Ensure compliance with regulatory bodies, policies, and standards governing microfinance banking operations.
• Manage and mentor the finance and accounting team, fostering a culture of excellence and continuous development.
• Coordinate cross-functional collaboration with other departments to achieve financial goals.
• Supervise treasury operations, optimizing liquidity, and managing cash flow effectively.
• Monitor investment activities and financial instruments to maximize returns while mitigating risks.

Requirements

• Bachelor's Degree in Accounting, Finance, or a related field; ICAN (Institute of Chartered Accountants of Nigeria) and MCIB (Microfinance Certified Banker) qualifications are mandatory.
• Proven experience in a senior finance role within the microfinance banking sector, demonstrating a strong understanding of industry practices and regulations.
• Proficiency in using Bank One software or similar banking software for financial operations.
• Sound knowledge of financial planning, analysis, and reporting.
• Excellent leadership and communication skills with the ability to drive financial initiatives and influence stakeholders.

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JOB RESPONSIBILITIES:

• Achieve the assigned individual AUM target for the period.
• Advising clients on financial products and services
• Review clients' portfolio and plans regularly to determine whether life changes, economic changes, environmental concerns, or financial performance indicate a need for plan reassessment.
• Managing Investment and Assets.
• Recommend to clients, strategies in cash management, investment planning or other areas to help them achieve their financial goals.
• Implement financial recommendations and assist with plan implementation.
• Contact clients periodically to determine any changes in their financial status.
• Investigate available investment opportunities to determine compatibility with client’s financial plan.
• Monitor financial market trends to ensure that client’s plans are responsive.
• Devise debt liquidation plans that include payoff priorities and timelines.
• Analyze Financial information with client to learn about their financial goals, risk tolerance and current asset allocation.
• Provide financial advisory to high net-worth clients on the ideal asset allocation structure.
• Ensure all regulatory compliance requirements are strictly observed and followed.
• Monitor capital market trends/development and provide relevant market insight to support the investment decision making process.
• Optimize the use of technological tools to improve investment management process and operational efficiency.
• Act as a good ambassador of the organization through proper conduct always to portray the organization in good light.
• Utilize tactical negotiation skills to improve funding cost of the fixed income portfolio and other funds under management.
• Develop a weekly strategic prospecting plan and share with the Head, Wealth Management
• Report all feedback from clients to the Head, Wealth Management.

JOB REQUIREMENTS:

• ​Bachelor’s degree in business, Accounting, Marketing, or related fields
• Master’s Degree will be an added advantage.
• Professional qualification/membership from a reputable institution
• Minimum of three (3) years relevant working experience in a similar role within the asset
• management industry is highly desirable
• Strong business acumen to be able to recognize and interpret commercial opportunities.
• Strategic thinker and ability to analyze and solve problems quickly.
• Ability to influence various key stakeholders in referring and cross offering potential business opportunities for sustainable business growth.
• Highly agile in learning, adapting to an ever changing business environment, and with strong ability to cope with fast, dynamic pace.