Team Lead, Financial Control at Bosak Microfinance Bank Limited

Job Overview

Location
Lagos, Lagos
Job Type
Full Time
Date Posted
2 days ago

Additional Details

Job ID
135723
Job Views
33

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.



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