• Application Deadline: Fri, 3 Jan 2025 00:00:00 GMT
• Position: Senior Financial Control Officer



• Job Type Full Time



• Qualification BA/BSc/HND



• Experience



• Location Lagos




• Job Field Finance / Accounting / Audit 
  
  

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 and systems, leveraging technology to enhance efficiency and accuracy.

Requirements

• A Bachelor's degree in Finance, Accounting, Economics, or a related field.


• Professional certification in Accounting, such as ICAN or ACCA is compulsory.


• Experience in the banking or microfinance industry


• Proven work experience with a minimum of 5 years of 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.


• 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


• 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.