Chief Finance Officer

Responsibilities:

• Ensure articulation and development of the Finance departmental strategy and ensure alignment with the Bank’s business goals, objectives and corporate strategy.
• Identify risks and long-term financial implications of intended business initiatives/project(s) and advise the Board and other management committees accordingly.
• Authorise expenditure/transactions in line with the bank's approved authority limits.
• Coordinate development and implementation of the Bank’s corporate budget and allocation of financial resources.
• Manage the interface between the bank and external auditors/regulators to ensure the bank's financial interest is protected.
• Evolve and implement robust cost management strategies to monitor and control costs Bank-wide.
• Facilitate/coordinate all Banking components to reach common performance objectives.
• Oversee data and information management, including implementation of information systems, business intelligence and data mining, to ensure delivery of a robust performance management system.
• Periodically review key finance activities and performance reports, and take appropriate action(s) to ensure the bank's business objectives are achieved.
• Lead formulation of new finance policies and regulations; enforce and ensure compliance with financial policies.
• Keep abreast of changes/amendments in relevant regulatory provisions and advise on major areas impacting the bank's operations.
• Ensure submission of periodic management reports on the activities of the Bank to the Board and Management for decision-making.
• Provide expertise on technical issues relating to the interpretation of accounting, tax and regulatory provisions.
• Review periodic statutory returns to regulatory and tax authorities to ensure completeness and accuracy.
• Monitor and evaluate the impact of external environmental factors on the bank's business, long-term initiatives and provide strategies to sustain the Bank’s business.
• Establish sources of information and contacts as well as network with peers (both internal and external) to stay abreast of developments in the industry in order to assess/re-assess the department activities.
• Act on behalf of, and perform other duties as assigned by the MD or Board of Directors.

Requirements:

• Hands on experience in financial planning and analysis.
• Advanced financial and accounting knowledge, including in-depth understanding of the Nigerian tax system and financial reporting standards.
• Good understanding of the Nigerian mortgage sector and knowledge of mortgage banking.
• Strong business acumen, maturity and tact, including the ability to relate with the highest levels of management of financial institutions and financiers.
• Demonstrated commitment to ethical standards and a high level of integrity.
• Strong interpersonal, emotional intelligence and negotiation skills.
• Proven capability to interpret financial statement and apply a broad perspective in summarising results.
• Strong leadership capabilities and interpersonal skills.
• Good verbal and written communication skills
• Good business presentation skills.
• Ability to multi task and function effectively under pressure.
• Excellent appreciation and working knowledge of Microsoft Office tools.

Key Performance Indicators:

• Accuracy and timely delivery of financial reports.
• Delivery, efficiency and consistency of the Bank’s Performance Management System (MIS).
• Quality of financial and strategic advice provided.
• Number of non-compliance cases raised by regulatory bodies.
• Number of fraud/irregularities detected/prevented and undetected
  
• Internal customer satisfaction levels.
• Timely conduct of call-overs/reviews/reconciliations

Key Result Area:

• Solvency
• Timely approval of audited accounts
• Timely compliance Remittance of PAYE, WHT, VAT
• Compliance with regulatory guidelines/reporting deadlines
• Cast savings
• Increased Profitability 
• Return on Investment
• Integrity/quality of accounting information.