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  • Posted: Apr 26, 2017
    Deadline: May 9, 2017
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    Verite microfinance bank Ltd is duly registered in the Federal Republic of Nigeria by the Corporate Affairs Commission and licensed by the Central Bank of Nigeria as a deposit-taking financial institution. Verite MFB takes pride in our strong, enthusiastic and youthful management team which gives us the ability to tirelessly go the extra mile and deliver ...
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    Head of Operations

    Job Description

    • To effectively manage the Central Cash department and ensure controls of the Bank’s local and foreign cash and draft instruments are consistently adhered to
    • Manage and maintain cash limits both at Central Cash and Branches and ensure prompt expatriation of excesses
    • Plan and coordinate delivery and collection of cash to and from the Central Bank
    • Ensure that foreign cash held is within the set limit
    • Verify that vault/reserve cash movement differences are resolved daily
    • Supply cash both local and foreign with minimum delay to Branches as per SLA
    • Hold in joint custody keys to vault cash compartments
    • Ensure accurate and timely processing and reconciliation of General Ledger accounts
    • Engage with Partner Banks in cash swaps
    • Evaluates daily cash levels and ensures they meet short-term operating needs and long-term project financing requirements
    • Transfer funds for customers as per customers instructions in a safe and secure manner by observing due diligence at all times.
    • To ensure that customer’ funds transfer instructions are efficiently and promptly executed without delays with a positive impact on customer delight.
    • Be very articulate and pay attention to detail while bearing in mind the turnaround time (TAT) for all transfers and processing of customer instructions
    • Responsible for all clearing related activities and funds transfer processing:
    • Ensure customers’ transactions (MCs, Cash Fast) are processed within approved service TAT.
    • Ensure maintenance and effective utilization of physical assets and resources (adding machines, workstations, Stamps till boxes etc)
    • Ensure customers’ instructions are properly reviewed before processing.
    • Ensure all remittances for customers and regulatory agencies are handled within the agreed time-frame
    • Account and financial statement preparation.
    • Contributes to the safeguarding of corporate assets and the interest of members by ensuring that appropriate internal controls are in place and operating effectively.
    • Conduct investigations of suspected internal fraud.
    • Providing general assistance to the audit and business service team.
    • Management account preparation.
    • Developing strong working relationships with colleagues, clients and relevant authorities.

    Qualification Required

    • Minimum of HND/B.Sc in Business, Finance, Accounting and related disciplines.
    • He/She must be experienced in funds transfer, internal control and audit, tellership etc.
    • Membership of professional bodies such as ICAN, CIBN is an added advantage
    • He/she must have worked in financial institution for minimum of 3 years

    Skills and Attributes Required:

    • Unquestioned personal integrity with strong ethics and values.
    • Capable of working independently and with minimum supervision.
    • Good interpersonal skills with a proven ability to communicate effectively [Both written and verbal] with all level within the organisation.
    • Strong analytical capability
    • Candidate must have excellent customer service orientation; must be able to pay attention to details;

    Method of Application

    Applicants should send a word document version of their CV's to: career@veritemfb.com

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