Job Vacancies at Finca International

About the Job:

FINCA Microfinance Bank Limited, Nigeria is recruiting an experienced, motivated and hands-on Senior Finance Accountant.

This is a middle management position in the Finance department and reports directly to the Chief Accountant or as may be designated, and is responsible for the accuracy of financial reports, compliance with accounting standards and FINCA’s Subsidiary’s accounting policies and procedures and ensures compliance with Central Bank of Subsidiary’s and statutory requirements, while working with the regional offices to improve the qualities of financial records.

Additionally, he/she is responsible for the overall supervision of the department, safeguards the company’s physical and financial assets with the aim of maximizing value for the company, reviews the inventory as well as the accounts records and further oversees the smooth running of the department in the absence of the Chief Accountant/ Chief Financial Officer.

ESSENTIAL DUTIES AND RESPONSIBILITIES

1. MANAGEMENT OF ACCOUNTS AND GENERAL LEDGER

• Supervise, train, and manage performance of all accounting staff of FINCA.
• Evaluate and improve work processes to improve efficiency, quality and reliability
• Be a driving force in capacity building for head office and branch finance staff in terms of technical as well as managerial skills; design and implement development plans for all employees under his/her supervision
• Ensure performance evaluations for all accounting staff are done on time and to a high standard of quality

1. TAX & ACCOUNTING

• Work with the legal department to ensure that the institution’s tax affairs are managed on a timely basis to ensure 100% compliance in terms of reporting and payment deadlines
• Supervise the preparation, recording, control, monitoring, maintenance and reconciliation of financial transactions and provide overall management of the accounts of the company at all levels of operation (branch, head office, etc.)
• Monitor and manage accounts to control for fraud, loss or mismanagement. This includes management of suspense and transitory account balances, identification of mispostings or irregular balances or transactions.
• Manage and monitor the use of accounting software and the accounting module of the core banking system and ensure correct functioning of accounting systems

1. REPORTING

• Ensure timely preparation and fair presentation of accounting records, financial statements and tax/statutory withholding returns in accordance with internal procedures and policies, IFRS accounting standards and all applicable regulatory requirements and avail financial reports and records to Management, the Board or other stakeholders as required.
• Ensures timely preparation of ALCO, Liquidity and Cash reports.
• Maintain ownership over accuracy and completeness of all reconciliations, internal reports and external party reports

1. BUDGETING, AUDIT AND OTHER

• Drive the annual budgeting and forecasting process to successful completion.
• Facilitate internal and external audits in conformity with FINCA International, Central Bank and other government agency (i.e. tax) reporting requirements and act as the principal contact during the interim and final audits
• Represent the CFO and CD in tax and other government agencies’ inspections
• Coordinate annual inventory of fixed assets in all branches and Head Office
• Ensure prompt filing and proper organization of accounting documents
• Take on ad hoc tasks as delegated by the Chief Financial Officer.

QUALIFICATIONS AND EXPERIENCE

• Degree in Accounting or Chartered Accountancy Equivalent required
• Desired candidate MUST be a Certified Chartered Accountant (ACA/ACCA).
• At least 5 years of experience in accounting functions of a company, desirably a financial institution, of which at least 2 years should be at a supervisory position.
• A sound knowledge of micro finance and principles and practices of banking.

CRITICAL COMPETENCIES

Leading with integrity – Reinforces our values through daily behaviour and holds others accountable to ethical behavior

Employee engagement – Maintains a fulfilling work environment and engages staff based on their strengths. Mentors others to develop their skills and provides feedback on performance regularly.

Responsible for results – Takes responsibility for own actions and manages others to focus on key priorities.

Recruitment and staffing – Makes quality hiring decisions; Forecasts staffing needs accurately; Follows Company hiring process

Managing People – Includes staff in planning, decision-making, facilitating and process improvement; Takes responsibility for subordinates’ activities; Makes self available to staff; Provides regular performance feedback; Develops subordinates’ skills and encourages growth; continually works to improve supervisory skills.

Planning/Organizing – Prioritizes and plans work activities; Uses time efficiently; Plans for additional resources; Sets goals and objectives; Organizes or schedules other people and their tasks; Develops realistic action plans.

Financial responsibility – Conserves organizational resources and works within budget guidelines.

Candidate Profile

To perform the job successfully, the candidate should demonstrate the following competencies and qualities:

• An effective implementer of organization’s accounting entries
• Willingness to relocate to Owerri, Nigeria and to travel within the country (50% of the time)

• Proficient in MS-Office Suite (especially Excel)
• Good understanding of IT issues in core banking systems related to accounting
• Experienced with at least one type of accounting software; experience in management of accounts in a core banking system (especially Orbit-R) is highly beneficial

• Strong fit to FINCA’s desired corporate culture and values, and commitment to furthering FINCA’s mission and vision.  In particular, must demonstrate a commitment to transparency and integrity

Key Relationship:

• Chief Accountant/Chief Financial Officer
• Branch/Business Managers and Heads of Department
• Payment and Reconciliation Officer
• Account Assistant
• Other FINCA Staff

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About the Job:

FINCA Nigeria seeks to employ an experienced individual with a good knowledge of accounting as Account Assistant. The role reports to the Chief Accountant or as may be designated. The ideal candidate should be an individual who is organized and can collect, process and reconcile a wide range of variety of accounting documents and transactions, prepares and processes documents to disburse funds and make deposit. S/He should be able to prepare reports, compile and review documents for accuracy, and maintain records.

KPI/DUTIES AND RESPONSIBILITIES

• Prepare FINCA Nigeria Mapped and Fin track reports.
• Compute loan loss provisions for month end adjustment.
• Review and Manage the Fixed Asset Register.
• Manage Assets and Liabilities- Review the balance sheet schedules for improving efficiency control of assets and liabilities and provide explanations for long outstanding items and the action plan to clear them on time.
• Prepare statutory remittances as PAYE, Withholding Tax, Company Tax and VAT.
• Compute Loan Officers transport allowance depending on their routes and number of clients as shown on the month end portfolio.
• Participate in the preparation of FINCA Final report.
• Ensure that all internal and external audit are properly facilitated and queries are answered accurately and timely.
• File all documents/ receipts/ correspondence processed ensuring that all approval processes have been fully complied with.
• Manage and Reconcile Inter- company Receivable and Payables.
• Participate in the reconciliation of all settlement transactions.
• Reconcile card transactions daily, TAM, POS and other Bank Channels platform
• Liaise with relevant banks and card merchant acquiring companies and other external companies as required.
• Investigate, identify and resolve system generated card transfer transaction errors
• And any other responsibilities as assigned by the supervisor.

QUALIFICATIONS AND EXPERIENCE

• Degree or HND in Accounting/ Accountancy only.
• Desired candidate MUST be an aspiring Chartered Accountant who have recorded success in written ICAN/ACCA examinations.
• 1-2 years of experience in accounting related function, desirable with any financial institution.
• A good knowledge of microfinance will be an added advantage.
• Possess good report writing and analytical skills.
• MUST be Proficient in Excel and Computerized accounting packages.

Supervisory Responsibilities:

The Job is with no supervisory responsibilities.

CRITICAL COMPETENCIES

To perform the job successfully, an individual should demonstrate the following competencies:

• Ethics: Treats people with respect; keeps commitments; inspires the trust of others; Works with integrity and ethically; upholds organizational values.
• Problem Solving: Identifies and resolves problems in a timely manner; Gathers and analyzes information skillfully; Develops alternative solutions; Works well in group problem solving situations; Uses reason even when dealing with emotional topics.
• Analytical: Synthesizes complex or diverse information; Uses intuition and experience to complement data.
• Decision maker: Manages difficult or emotional decision in any situations, responds promptly to the needs, and meets commitments.
• Technical Skills: Strives to continuously build knowledge and skills; Share expertise with others.
• Oral Communication: Speaks clearly and persuasively in positive or negative situations, listens and gets clarification, responds well to questions.
• Organizational Support: Follows policies and procedures; Completes administrative tasks correctly and on time.
• Planning/Organizing: Prioritizes and plans work activities; Uses time efficiently.
• Professionalism: Approaches others in a tactful manner; Reacts well under pressure; Treats others with respect and consideration regardless of their status or position; Accepts responsibility for own actions; Follows through on commitments.
• Quantity: Meets productivity standards; Completes work in timely manner; Strives to increase productivity; Works quickly.
• Attendance/Punctuality: Is consistently at work and on time; Ensures work responsibilities are covered when absent; Arrives at meetings and appointments on time.
• Customer Service – Manages difficult or emotional customer situations; Responds promptly to customer needs; Meets commitments.
• Interpersonal Skills – Focuses on solving conflict, not blaming; Maintains confidentiality; Remains open to others’ ideas and tries new things.

Key Relationship:

• Payment and Reconciliation Officer
• Senior Financial Accountant/Treasurer
• Chief Accountant/Chief Financial Officer
• Other FINCA Staff