Job Opportunities at First Bank

Interested applicant(s) should possess relevant qualification and experience

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Interested applicant(s) should possess relevant qualification and experience

go to method of application »

Interested applicant(s) should possess relevant qualification and experience

go to method of application »

Job Description

• 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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Job Description

• Prepare Tax Planning/strategies for the bank for optimum tax advantage
• Proper and effective coordination of Tax Audit – state and statutory. 
• Effective liaison with the HOD and local tax advisers to support the effective management of the bank’s tax affairs and the local tax liabilities.
• Manage compliance with the local corporate, income and other tax regimes (e.g. withholding tax and VAT), in order to minimize the burden of taxation on the bank. 
• Creating bank wide tax consciousness, by initiating and facilitating tax training programs for bank affected personnel and providing regular updates on the latest development within the tax regulatory environment.
• Provide updates on the new developments /circulars issued by FIRS
• Preparation of reports on tax matter to Executive Management
• Preparation of banks corporate tax returns in conjunction with tax consultants and ensure timely filing of corporate self-assessment tax returns
• Ensure timely remittance of tax returns/payments 
• Ensure prompt payment of corporate tax installments
• Effective management of staff personal income tax
• Liaison with tax consultants for timely procurement of personal income tax clearance certificates for all bank employees

Job Requirements:

• Bachelor’s degree in Finance, Accounting, Economics, or related field.
• Professional accounting qualification such as ACCA, ACA, CPA or its equivalent plus at least 10 years post Qualification years’ experience, with relevant / specific banking experience
• Minimum of 10-15 years post-qualification experience, preferably consulting/financial services experience.
• Sound knowledge of Generally Accepted Accounting Principles and IFRS Accounting Policy
• Proficiency in the use Ms word & Ms Excel

go to method of application »

Job Description

• Daily spooling of General Ledger (GL) balances of branches and head office departments. 
• Review of the GL pull out of GL sub-heads. 
• Preparation of Monthly Income and Expenses trends for input into the MANCO financial report. 
• Liaising with branches on reasons for drop/increase in income/expenditures 
• Liaising with branches and departments having abnormal balances in their suspense accounts to 
  regularize. 
• Collaborate with internal control department in ensuring that all suspense accounts in GL are cleared promptly by branches and departments responsible for their reconciliation. 
• Daily Review of Trial Balance of the bank for trend analysis. 
• Obtain and review proof of accounts from branches and head office departments. 
• Provision of audit requirements for External and Internal Audits 
• Preparation of weekly CBN Enhanced FCY report on Other Assets and Liabilities 
• Provision of schedules and requirements for CBN examiners 
• Ensuring amortization of the branches’ Lease/Rent prepayment. 
• Participate in special projects in the bank e.g. Oracle GL, Finacle etc. 
• Assist in ensuring that the bank’s financial reports represent true and fair view of the banks 
  operation. 
• Perform ad-hoc duties as may be required from time to time

Job Requirements:

• Bachelor’s degree in Finance, Accounting, Economics, or related field.
• Proficiency in the use Ms Word & Ms Excel.
• Minimum of 4 to 6 years' experience in a similar role.

Key Competency Requirements:
Knowledge:

• Professional accounting qualification such as ACCA, ACA, CPA or its equivalent plus at least 4 to 6 years post Qualification years’ experience, with relevant / specific banking experience.
• Broad understanding of banking practice.
• Sound knowledge of Generally Accepted Accounting Principles and IFRS Accounting Policy.

Skill / Competencies:

• Good interpersonal and communication skills.
• An eye for detail and accuracy with a strong analytical capability.
• High level of computer literacy is required.