Latest Jobs at Bosak Microfinance Bank Limited

Job Summary

• 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

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.
• Internal Controls: Implement and maintain robust internal controls to safeguard the bank’s assets and ensure the accuracy and reliability of financial information.
• 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.
• Experience in the banking or microfinance industry
• Professional certification in Accounting, such as ICAN or ACCA is compulsory.
• 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

We offer the following Benefits:

• HMO
• Constant Training and Development
• Leave & Passage Allowance

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Description 

• We are seeking for an experienced Risk & Partnership Management Officer.
• The ideal candidate will lead efforts in identifying, assessing, and mitigating risks while fostering strategic partnerships to support our mission of financial inclusion and organizational growth.
• This role demands a proactive leader with expertise in risk management, compliance, and relationship-building, capable of building a resilient framework to serve our unique micro-client base effectively.

Key Responsibilities
Strategic Risk & Partnership Leadership:

• Develop and execute risk management and partnership strategies aligned with Bosak Microfinance Bank’s goals of financial inclusion, client empowerment, and operational excellence.
• Collaborate with senior management to identify workforce and partnership needs that support the bank’s growth in serving micro-clients and expanding outreach.
• Design and implement policies that reflect the bank’s core values of simplicity, professionalism, and respect.

Risk Identification & Mitigation:

• Proactively identify emerging risks in a timely manner and implement an effective early warning system, reviewed at least quarterly.
• Assess risks and develop mitigation measures to improve preparedness for unexpected challenges.

Partnership Development:

• Cultivate relationships with fintech companies, payment platforms, and community stakeholders to enhance Bosak’s online presence and funding opportunities.

Compliance & Control:

• Ensure adherence to Nigerian labor laws, Central Bank of Nigeria (CBN) regulations, and microfinance industry standards.
• Evaluate the effectiveness of controls to minimize fraud and operational disruptions, maintaining accurate records of risk assessments.

Operational Oversight:

• Manage day-to-day risk and partnership operations,and audits of at least one unit per quarter.
• Perform ad hoc assignments as directed by management to ensure operational continuity.

Qualifications and Requirements

• Bachelor’s degree in Finance, Risk Management, Business Administration, or a related field. Professional certification is an advantage.
• Minimum of 3-5 years of progressive experience in Risk management, Enterprise risk oversight, or partnership development, with exposure to Microfinance or financial services.
• Strong understanding of microfinance operations, including digital lending, group methodologies, and regulatory frameworks.
• Excellent leadership and analytical skills to address complex risk challenges.
• Exceptional communication and negotiation skills for stakeholder engagement.
• Proficiency in Microsoft Office Suite and familiarity with online banking security processes.
• Passion for financial inclusion, adaptability to a fast-paced environment, and commitment to fostering a growth-oriented workplace.

Why Work with Bosak Microfinance Bank Limited?

• If you desire to work in an organization where employee motivation is key and passion is rewarded, 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. We offer the following benefits:

• HMO
• Constant Training and Development
• Leave & Passage Allowance