Job Vacancies at Umba

Job Description

We are looking for a high performing, results oriented individual to lead our FP&A team! The primary role of the Financial Planning and Analysis Manager is to provide extensive analytical support to the Business. You will assist in product performance analysis, financial planning, forecasting, management reporting and decision support for the leadership team. Comfort in a fast paced, dynamic business environment, excellent communication and analytic skills, and comfort with data are key to success in this role. SQL competency a huge bonus but will settle for an appetite to learn.

Responsibilities

• Reporting directly to the CFO
• Participate in annual planning, long-term planning, rolling forecast and variance process
• Building a top class FP&A team from the group up. Running hiring processes, managing team roadmaps and delegating responsibilities
• Build, maintain and improve financial models to plan, measure and forecast the business performance
• Partner with leaders of functions to develop financial and capacity plans in support of our business
• Assist with establishing and maintaining relevant financial metrics to be provided as a dashboard for senior management and business partners
• Act as trusted advisor to key business stakeholders and provide financial expertise and develop strategic insights that drive business and operating decisions
• Partner with accounting team and for month-end and quarter-end close reporting and budget variance analysis
• A minimum of 8 years relevant experience
• Working directly with the CFO on preparing board reports and presenting important analysis
• Appetite to work with a globally distributed finance team including a Nigerian based financial shared service centre.

Required Qualifications:

• Passion for providing analysis and finding actionable insights
• Degree in Finance, Accounting, Mathematics, or Economics with some knowledge of Accounting principles
• Experience building financial and decision support models, along with strong analytical, problem-solving skills
• Corporate Finance / Investment banking experience would be an advantage
• Experience in an analytically rigorous role, preferably with financial data
• High proficiency with Microsoft Office, specifically Excel and PowerPoint
• Team player with strong interpersonal and communication skills
• Innate curiosity around finding meaningful insights that inform the way we think about and develop both our product and our business strategies
• Data-driven analysis mindset, experience with BI tools, and SQL knowledge a strong preference

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Job Description

The Group Finance Manager is a senior management role reporting to the General Manager. This position is responsible for managing all finance, accounting, tax, regulatory reporting and treasury activities for the Bank. The incumbent will ensure efficient running of the Bank's financial department and s/he will be expected to provide leadership in all finance matters.

Moreover, this position is responsible for budget formulation, external audit coordination, regulatory reporting, ensuring the integrity of financial records.

Umba will operate a Finance Shared Service Centre (FSSC), based in Nigeria, to provide transactional accounting services to each of the markets that Umba will operate in Africa. The Finance Manager will work closed with the FSSC.

Responsibilities

• Lead the annual budget process, forecasting and all other financial planning exercises in consultation with the CEO.
• Provide timely, accurate and insightful monthly management accounts to Management and the Board.
• Track and report actual financial performance versus budget and forecast, ensuring that any material variances are immediately explained and brought to the attention of Management.
• Prepare (supported by the Finance Shared Service Centre - FSSC) and deliver all financial related regulatory returns in a timely manner.
• Prepare (supported by the FSSC) all reporting for the Assets and Liabilities Committee (ALCO) and present at ALCO, sharing insights and making appropriate recommendations.
• Lead all Treasury activities, including but limited to, Liquidity Management and Capital Planning.
• Responsible for tax reporting, compliance and planning (working with the FSSC).
• Ownership for the IFRS 9 Model, ensuring all assumptions are current and appropriate and that the outputs are accurate.
• Relationship Management - manage relationships with the FSSC, External Auditor, Tax Advisors and any other financial advisors.
• Monitor all regulatory financial ratios and trigger management action in case there is a deterioration of any ratios that may lead to a breach.
• Manage the annual external audit process, ensuring that the audit is completed in an efficient and timely manner and the Audited Financial Statements are accurate, signed and filed on time.
• Assist to formulate the Internal Capital Assessment Adequacy Plan in liaison with the CEO and the Head of Risk Management.
• Manage all receivables, payables and procurement (working with the FSSC).
• Maintain a register of all the Bank's assets and ensure they are maintained well at all times (working with the FSSC).
• Prepare draft audit accounts and coordinate with the external auditors and regulator inspection teams by availing all required information and records to aid the successful performance of external audits and inspections by regulator.
• Coordinate other functions of finance namely:
  • Reconciliation
  • Management of month end and year end procedures.
  • Payment of tax and statutory obligations
  • Record Keeping and archiving of financial administrative files
• Manage payroll and ensure remittance of all statutory deductions to the respective agencies (working with an outsourced payroll service provider).
• Manage bank accounts and ensure there is sufficient liquid funds while investing surplus cash in near cash financial instruments
• Oversee the Bank's insurance policies, pension schemes and all the Bank's investments.

Qualifications and Experience

• Bachelors degree in Accounting, Economics, Business or any other relevant field.
• Must have banking experience
• Minimum of 2 years experience in a similar role, at management level, in a regulated financial institution.
• Professional qualification in Accounting
• Member of a professional body
• Must have a good grasp of the CBN Microfinance Banking Guidelines.
• Have in-depth accounting Knowledge