Fresh Jobs at First Bank of Nigeria Limited

Duties & Responsibilitie

• Responsible for the preparation of monthly management and financial reports
• Co-ordinate all external audits e.g. statutory audit, regulatory audits (CBN/NDIC etc)
• Review and approve CBN returns daily for submission
• Develop and maintain documentation of Accounting policies and procedures.
• Establish and execute controls for compliance to the Group’s accounting and financial reporting procedure.
• Develop, support and maintain all financial accounting systems and ensure that they are compliant with IFRS, the Group’s accounting policy and other regulatory requirements.
• Review valuation of financial assets/ liabilities on a regular basis and proposes journals to state them in line with IFRS.
• Ensure that the consolidated financial statements and reports are prepared in accordance with the International Financial Reporting Standards (IFRS), the Group accounting policies and other regulatory reporting requirements.
• Provision of all IFRS disclosures in the financial statements for the annual audit, including the accounting entries and disclosure requirements for specific transactions, such as RBO.
• Provide support to the Accounts unit and ensure that all product manuals are in compliance with IFRS & the Group’s accounting policy before they are approved.
• Provide support to the GL control unit and ensure that all GLs report numbers that are in compliance with IFRS & the Group’s accounting policy and also assess the risk of the GLs that are not compliant.
• Provide support to the subsidiaries’ finance team and ensure that all reports prepared by them are in compliance with IFRS & the Group’s accounting policy and oversee their IFRS implementation.
• Act as an educator of the Bank and Group at large by providing necessary education/ enlightenment on IFRS and implementation of accounting policies.
• Perform in-depth financial analysis of the financial reports
• Provide support to the Bank and Group on Business intelligence, technical accounting issues and guidance on the financial implications of entering complex financial transactions.
• Perform impact assessment of new IFRS & regulatory policies, proposed and final, and assist in their implementation.
• Review and monitoring of monthly Capital adequacy & Liquidity and other regulatory ratios to ensure compliance with regulatory standards .
• Perform relevant ratio computations and advice management on their implications to the financial health of the Bank & Group. Benchmark these ratios against industry players and best standards.
• Perform pre and post-acquisition valuation of subsidiaries and account for business combinations.
• Perform valuation of the Bank’s Intangible Assets.
• Responsible for preparation of the annual deposit certification for statutory NDIC premium computation
• Provides support to other departments on financial reporting related matters

Job Requirements
Education:

• Minimum Education: First Degree in Applied or Social Sciences, Higher Degree/ Professional accounting qualification such as ACCA, ACA, or its equivalent

Experience

•  At least twelve years post Qualification experience, of which four should have been in a managerial role.

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Job Description
The Business Partner Lead‘s responsibilities are to:

• Maintain an accurate, creditable and reliable MIS (Management Information System) system for the SBU performance reporting and ensure the integrity of account segmentation & ownership
• Monitor and review the SBUs performance against budget, historical trend, and competition, provide appropriate insight to support required action and make recommendations for business improvement
• Deliver all performance reports and analytics required to monitor the BU performance, across channels, products, customers, locations etc.
• Facilitate periodic performance review sessions in the business areas overseen
• Drive and implement budgetary control and cost optimization initiatives
• Support the SBUs in crafting, defending and cascading their budgets and forecasts
• Support the establishment of clear, fair and measurable performance metrics, targets and accountabilities for all functions in the area of oversight
• Facilitate engagements on scorecards and other performance initiatives.
• Deliver periodic individual performance reports using Balanced Scorecard framework and resolve all issues arising from Scorecards, MIS and Budget within the BUs
• Identify and drive processes for efficiency improvement and provide decision support to the Group Executives in the SBUs as may be required from time to time
• Any other responsibilities as may be assigned by Head, BPM.

Qualifications

• A finance professional with a minimum 15 years’ experience, including at least 5 years in a similar managerial role. FCA, CFA or similar professional qualifications will be advantageous.