• Application Deadline: Mon, 8 Aug 2022 00:00:00 GMT
• Position: Unit Head, Financial and Regulatory Reporting


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 12 years


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

Duties & Responsibilitie

• Responsible for the preparation of monthly management and financial reports


• Co-ordinate all external audits e.g. statutory audit, regulatory audits (CBN/NDIC etc)


• Review and approve CBN returns daily for submission


• Develop and maintain documentation of Accounting policies and procedures.


• Establish and execute controls for compliance to the Group’s accounting and financial reporting procedure.


• Develop, support and maintain all financial accounting systems and ensure that they are compliant with IFRS, the Group’s accounting policy and other regulatory requirements.


• Review valuation of financial assets/ liabilities on a regular basis and proposes journals to state them in line with IFRS.


• Ensure that the consolidated financial statements and reports are prepared in accordance with the International Financial Reporting Standards (IFRS), the Group accounting policies and other regulatory reporting requirements.


• Provision of all IFRS disclosures in the financial statements for the annual audit, including the accounting entries and disclosure requirements for specific transactions, such as RBO.


• Provide support to the Accounts unit and ensure that all product manuals are in compliance with IFRS & the Group’s accounting policy before they are approved.


• Provide support to the GL control unit and ensure that all GLs report numbers that are in compliance with IFRS & the Group’s accounting policy and also assess the risk of the GLs that are not compliant.


• Provide support to the subsidiaries’ finance team and ensure that all reports prepared by them are in compliance with IFRS & the Group’s accounting policy and oversee their IFRS implementation.


• Act as an educator of the Bank and Group at large by providing necessary education/ enlightenment on IFRS and implementation of accounting policies.


• Perform in-depth financial analysis of the financial reports


• Provide support to the Bank and Group on Business intelligence, technical accounting issues and guidance on the financial implications of entering complex financial transactions.


• Perform impact assessment of new IFRS & regulatory policies, proposed and final, and assist in their implementation.


• Review and monitoring of monthly Capital adequacy & Liquidity and other regulatory ratios to ensure compliance with regulatory standards .


• Perform relevant ratio computations and advice management on their implications to the financial health of the Bank & Group. Benchmark these ratios against industry players and best standards.


• Perform pre and post-acquisition valuation of subsidiaries and account for business combinations.


• Perform valuation of the Bank’s Intangible Assets.


• Responsible for preparation of the annual deposit certification for statutory NDIC premium computation


• Provides support to other departments on financial reporting related matters

Job Requirements

Education:

• Minimum Education: First Degree in Applied or Social Sciences, Higher Degree/ Professional accounting qualification such as ACCA, ACA, or its equivalent

Experience

•  At least twelve years post Qualification experience, of which four should have been in a managerial role.