• Application Deadline: Sat, 31 Aug 2024 00:00:00 GMT
• Position: Finance Manager


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 7 - 10 years


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

Job Summary:

he Finance Manager will oversee the financial operations of the microfinance bank, ensuring that the bank’s financial activities are carried out efficiently and effectively. The role involves managing the financial planning, budgeting, and reporting processes, as well as ensuring compliance with regulatory requirements. The ideal candidate will have substantial experience in financial management within the banking or financial services sector, with a strong understanding of microfinance operations.

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.

Qualifications:

• A Bachelor's degree in Finance, Accounting, Economics, or a related field. A professional qualification (e.g., ACCA, ACA, CPA) is an advantage.


• Minimum of 7 years of experience in financial management within the banking or financial services sector.


• 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.


• Proficiency in financial software and ERP systems.