Finance Vacancies at a Dynamic Micro-Finance Bank - Culminate Consulting

Key Responsibilities

• Full responsibility for the production of monthly management accounts
• Review and approve all reconciliation and schedules such as bank statements, schedule of accrued charges, prepayments etc.
• Statutory reporting and year end duties
• Consolidation and reporting to senior management
• Preparation of monthly budgetary control and performance.
• Preparation of overall annual budget of the bank, including the assumptions and the ratios.
• Treasury management and monitoring
• Raising invoices and ensuring invoices are paid promptly and on time.
• Preparation of 5 years financial plan / forecast.
• Assist in the preparation and review of all monthly and quarterly reports for Board, Shareholders, Regulatory bodies etc.
• Follow up on budget implementations and limits as it relates to each department. Investigates variances between budget and actual.
• Perform financial control functions.
• Develop and manage liquidity management tools
• Preparation of monthly management accounts and other financial accounts
• Assist Senior Managers in financial management and reporting activities.
• Manage account payables and receivables activities.
• Conduct finance audit periodically and recommend improvements.
• Develop financial policies and procedures for operational efficiency.
• Develop and maintain financial statements for future reference.
• Monitor and manage expenses within the established budget.
• Implement a structured and robust accounting department
• Work with External Auditors for the yearly audit of the accounts

Qualifications

• Minimum of B.Sc./HND in Accounting/Finance/Economics
• Qualified Accountant (ACCA, ICAN)
• Must have 5 Years professional experience with at least 2 years in financial services preferably Microfinance bank.
• Excellent working knowledge of MS Excel &Word;
• Good knowledge of IFRS and Management Accounting
• Good knowledge of CBN regulatory reporting
• Attention to detail and analytical skills
• Excellent communication and organization skills
• Strong Stakeholder Management and team player.
• Self Starter and ability to work independently
• Ideally good knowledge of popular core banking products

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Duties

• Introduce and implement effective systems, policies, structures and resources to support the growth of the institution and ensure adherence to the same;
• Serve as the Operations Lead for the banking system implementation, aligning system configuration with operational processes and policies
• Develop and manage a team of well-trained, focused and motivated Banking Services staff
• Manage centralized loan processing and account opening functions to ensure efficiency, quality and control over loan creation and completeness of Know Your Customer (KYC) / Anti-Money Laundering (AML) activities
• Define and implement new policies and procedures for Banking Services in support of product development / refinement or upon introduction of new technologies and delivery channels;
• Analyze operational risks, procedures, work flow and controls on an ongoing basis for continual improvement of operational systems
• Safeguard customer data and protect against fraud through management of authorization levels and access rights
• Develop and maintain sufficient business continuity plans to ensure service delivery in the event of minor to major incidences & escalation of service exceptions as needed

Qualification

• Candidate must have a Degree in Accounting/Finance/Economics.
• 5 to 7 years’ experience in the Financial sector with at least a minimum of 3 years in a Commercial or Micro finance Bank
• Should ideally be a Certified Microfinance Banker or at least be aiming to complete within next 12 months
• Must have worked in Lagos for a good number of years
• Should be resident in Lagos.