Job Summary

The main purpose of this position is to assist in the delivery of companywide financial management, treasury management, accounting, budgeting, performance analysis, payroll, fundraising, and financial reporting function. The successful individual will proactively identify issues, opportunities and solutions to ensure effective budgeting, assists in strategic planning and forecasting, financial performance and sustainability while ensuring the accurate capturing and timely reporting of all financial activities.

  • Minimum Qualification:Degree
  • Experience Level:Management level
  • Experience Length:10 years

Job Description/Requirements

Responsibilities:

  • Full responsibility for the production of monthly management accounts
  • Review and approve all reconciliation and schedules such as bank statements, schedule of accrued charges, prepayments etc.
  • Consolidation and reporting to senior management
  • Take ownership of fundraising activity
  • Provide strategic support to the CEO
  • Preparation of monthly budgetary control and performance.
  • Preparation of the overall annual budget of the bank, including the assumptions and the ratios.
  • Treasury management and monitoring
  • Preparation of budget/financial plan & forecast.
  • Assist in the preparation and review of all monthly and quarterly reports for Board, Shareholders, Regulatory bodies etc.
  • Follow up on budget implementations and limits as it relates to each department. Investigates variances between budget and actual.
  • Perform financial control functions.
  • Statutory reporting and year-end duties
  • Develop and manage liquidity management tools
  • Preparation of monthly management accounts and other financial accounts
  • Assist Senior Managers in financial management and reporting activities.
  • Conduct finance audit periodically and recommend improvements.
  • Develop financial policies and procedures for operational efficiency.
  • Develop and maintain financial statements for future reference.
  • Monitor and manage expenses within the established budget.
  • Implement a structured and robust Finance department
  • Work with External Auditors for regular audit of accounts.

Knowledge:

  • Knowledge of current Federal and State Government Tax regulations.
  • Sound knowledge of financial management tools and ratios.
  • Good knowledge of IFRS and Management Accounting.
  • Good knowledge of CBN regulatory reporting.
  • Knowledge and proficient use of Banking operation software and tools.
  • Strong resource management ability. 
  • Sound knowledge of the Nigerian Accounting Standards and best practices. 
  • Strong Stakeholder and Team Management.


Requirements:

  • Highly proficient with the use of MS Excel, MS Powerpoint & MS Word;
  • Good knowledge of IFRS, Management Accounting and reporting standards
  • Good knowledge of CBN regulatory reporting
  • Must have a good grasp of technology
  • Attention to detail and strong analytical skills
  • Excellent communication, presentation and organisation skills
  • Strong Stakeholder Management and team player.
  • A self-starter with the ability to work independently
  • Financial services or Fintech experience will be beneficial
  • Must have prior experience working with Bankone Core banking

Qualification and Experience:

  • Minimum of 10 years Professional Experience
  • 3-5 Years relevant experience in a Financial institution
  • Minimum of Degree in Accounting/Finance/Economics
  • ICAN/ACCA/CFA Qualified
  • Ideally, MCP certified

Key Behaviours:

  • Ethical with a high level of integrity
  • Good communicator, listener and a team player
  • Professional, responsible and accountable 
  • Quality and customer-focused, open to ideas and change
  • Commitment to the Company’s Vision and Values

Key Performance Indicator:

  • Your performance will be rated across the following key activities;
  • Timely preparation of the annual budget for the following year by the end of the 3rd quarter.
  • All invoices are 100% accurate and are ready 2 days before the due date for review by the audit department.
  • Audited accounts completed & approved by end of March following year.
  • Achieves a demonstrable understanding of MKOBO’s current budgeting and internal and external reporting systems within 30 days of appointment
  • Delivers/completes assigned tasks or projects on time and within a set budget.
  • The business operates within approved budgets 
  • Return on Revenue 
  • Profit targets 
  • Achieves 100% of posting accuracy and statement reconciliation
  • Submission of monthly management accounts not later than 2 days after the last day of the Month.
  • Effective treasury management with free funds invested according to the approved treasury plan.
  • Upload all loan disbursements within an hour of receiving the instructions.
  • Achieves 100% accuracy in all payments uploaded on the platform for disbursements. 
  • Reports and documentation submitted within required timeframes
  • Ensure that all relevant policies and registers are kept up to date at all times in line with the regulation
  • Ensuring that all regulatory documentation is up to date and correctly filed

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