Job Description
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.
- 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
Qualifications & Requirements
- A Bachelor’s Degree in Finance, Accounting, Economics, or a related field.
- ICAN or ACCA certification is an added advantage.
- Minimum of 5 years experience in a financial control or accounting role within the banking or microfinance sector.
- Strong understanding of microfinance operations and regulatory compliance.
- Proven experience in budgeting, financial reporting, and financial analysis.
- Excellent leadership, analytical, and problem-solving skills.
- High level of accuracy and attention to detail.
- Strong knowledge of GAAP and financial reporting standards.
- Proficiency in Microsoft Office Suite and accounting software.
- Familiarity with the economics of banking and financial services.
Skills:
- 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.