• Application Deadline: Fri, 22 Jul 2022 00:00:00 GMT
• Position: Team Lead, Cost Management & Budgetary Control


• Job Type Full Time


• Qualification BA/BSc/HND , MBA/MSc/MA


• Experience 5 - 8 years


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

Job Objectives

• Provision of timely and periodic Cost MIS Reports for business segments across the Group.


• To achieve a relatively low cost to Income ratio for the bank.


• To also support and enhance the efficiency of operations. Feedback reporting on costs to Management, Directorate Heads, Divisional Heads, etc.

Responsibilities

• Develop cost budget guidelines, timelines and templates.


• Work with the directorate heads to cascade approved global budget OPEX and CAPEX budgets.


• Review of extra-budgetary expenditures requests.


• Deployment and execution of strategic cost containment initiatives group-wide.


• Monitoring and reporting on expense/cost lines group-wide.


• Efficient and timely allocation of Head Office costs, through ABC allocation methodology plus a periodic review of allocation parameters in line with changes in key cost drivers of the business before the release of the draft MPR.


• Providing business and MIS support to stakeholders towards the achievement of financial targets set for each SBU.


• Provision of technical support to the GCOC, as well as the preparation of the quarterly reports for EMC and Board Considerations/ Approval.


• Providing automated detailed cost reports by expense type to ALL business and support groups in line with the KPI sets for MPR delivery.


• Management of the cost code system for monitoring and situating expense responsibility.


• Generation/implementation of strategic cost-saving initiatives.

Qualifications

• Bachelor's Degree in any related field.


• Masters’ Degree in a relevant field or relevant professional certification (CFA, ACCA, ACA, ACIB etc.) will be an added advantage.


• 5-8 years experience in finance and cost management in the banking industry.

Candidate's Profile:

• Our ideal candidate must have advanced interpersonal and conflict management skills, in the financial service industry.


• Must have excellent oral and communication skills, excellent listening skills, leadership and motivation, good price negotiation skills and strong analytical Skills

Knowledge & Skills Required:

• Excellent oral and communications skill


• Advanced interpersonal and conflict management skills.


• Excellent listening skill


• Leadership and motivation


• Price negotiation skills


• Strong Analytical Skills


• Cost management


• MS tools


• Best Industry Practice.

What We Expect From You:

• High degree of professional ethics, integrity and responsibility.


• Highly organised, proactive, ability to work independently and take ownership of tasks assigned.


• Team player with the ability to work under pressure and ability to work with a wide variety of people and maintain an excellent business relationship.


• High sense of confidentiality and discreteness.

What You Should Expect From Us:

• Our corporate culture is defined by our core values.


• We do not just train our people to be the best in the job, we also offer encouragement, recognition, and rewards.


• Whatever level you are at in your career, we offer plenty of opportunities and support to build a rewarding career at UBA.


• Here in UBA, our employees are our greatest assets and so we built a recognition and reward system that boosts productivity and enhances staff retention, instituting a culture of meritocracy.