Latest Jobs at Bosak Microfinance Bank Limited

Responsibilities

• Conducting confidential investigations on control breaches.
• Report Internal Control deficiencies identified on the field work with marketers and Loan Officers.
• Ensure adequate care and maintenance of bank’s properties.
• Monitors organization-wide compliance with laid down policies, processes and procedure to ensure adherence.
• Review & manage the day-to-day activities attendance register and operational issues.
• Ensure that strategies defined are implemented by Internal Audit Team for accomplishment of the department’s objectives.
• Carry out specific management-assigned tasks.
• Coordinate Internal Control Officers in the different regions and ensuring that their activities are carried out as outlined.
• Assist in carrying out Full Scale Inspection & Audit.
• Calling over of transactions.
• Quality control.
• Checking of Loan Officer’s daily transactions.
• Report all form of infraction affecting the business arising from daily situations on a weekly basis.
• Spot check on Operations & Outreach
• Assess the primary risks facing the bank and identify risk mitigation measures.
• Managing the risks associated with the different Units in the bank (Enterprise Risk Management) and following up to ensure compliance on all observations.
• Handles customer’s complaints via Toll-Free Telephone Line, investigates arising situations and reports to the Unit Head for the Bank’s Management action.

Qualifications

• A minimum of a Bachelor's Degree in Accounting, Finance, or a related field.
• A professional qualification in Audit/ Accounting would be an added advantage.
• Extensive experience (minimum 3-4 years) in internal auditing, preferably within the financial services industry.
• Proven leadership and Team building skills.
• Strong analytical and problem-solving skills.
• Excellent communication, interpersonal, and report-writing skills.
• In-depth knowledge of internal control frameworks and best practices.
• Proficiency in MS Office Suite.

Benefits

• HMO
• Constant Training and Development
• Leave & Passage Allowance
• Performance Induced Pay
• 13th Month.

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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 andsystems, leveraging technology to enhance efficiency and accuracy.

Qualifications

• A Bachelor's Degree in Finance, Accounting, Economics, or a related field.
• Professional certification in Accounting, such as ICAN or ACCA is compulsory.
• Experience in the banking or microfinance industry
• Proven work experience with a minimum of 5 years Banking experience
• Strong understanding of microfinance operations and regulatory requirements.
• Proven experience in budgeting, financial reporting, and financial analysis.
• Excellent leadership and team management skills.
• Strong analytical and problem-solving abilities, with a keen attention to detail.
• Strong knowledge of accounting regulations and procedures, including Generally Accepted Accounting Principles (GAAP).
• Proficiency in Microsoft Office Suite and accounting software.
• Understanding of banking and financial services business model and unit economics.

Requirements:

• 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.

Salary & Benefits

• N150,000 - N300,000 / Month.
• HMO
• Constant Training and Development
• Leave & Passage Allowance
• Performance Induced Pay
• 13th Month.

Why Work with Bosak MFB LTD?

• If you desire to work in an organization where employee motivation is key and passion is rewarded, then Bosak MFB might be the place for you.
• We are committed to building an open and rewarding work environment where all employees have equal opportunities for growth to realize their full potential.
• Our remuneration and employee welfare packages are among the best in the industry.

go to method of application »

Responsibilities

• Conducting confidential investigations on control breaches.
• Report Internal Control deficiencies identified on the field work with marketers and Loan Officers.
• Ensure adequate care and maintenance of bank’s properties.
• Monitors organization wide compliance with laid down policies, processes and procedure to ensure adherence.
• Review & manage the day-to-day activities attendance register and operational issues.
• Ensure that strategies defined are implemented by Internal Audit Team for accomplishment of the department’s objectives.
• Carry out specific management assigned tasks.
• Coordinate Internal Control Officers in the different regions and ensuring that their activities are carried out as outlined.
• Assist in carrying out Full Scale Inspection & Audit.
• Calling over of transactions.
• Quality control.
• Checking of Loan Officer’s daily transactions.
• Report all form of infraction affecting the business arising from daily situations on a weekly basis.
• Spot check on Operations & Outreach
• Assess the primary risks facing the bank and identify risk mitigation measures.
• Managing the risks associated with the different Units in the bank (Enterprise Risk Management) and following up to ensure compliance on all observations.
• Handles customer’s complaints via Toll-Free Telephone Line, investigates arising situations and reports to the Unit Head for the Bank’s Management action.

Qualifications

• A minimum of Bachelor's Degree in Accounting, Finance, or a related field.
• A professional qualification in Audit/ Accounting would be an added advantage.
• Extensive experience (minimum 3-4years) in internal auditing, preferably within the financial services industry.
• Candidates residence in Ekiti State are preffered.
• Proven leadership and Team building skills.
• Strong analytical and problem-solving skills.
• Excellent communication, interpersonal, and report writing skills.
• In-depth knowledge of internal control frameworks and best practices.
• Proficiency in MS Office Suite.