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Financial Control Officer at Bosak Microfinance Bank Limited

by Sammy
vacancy

Salary: N100,000 – N300,000 Monthly.

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.
  • 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.
  • Professional certification in Accounting, such as ICAN or ACCA is preferred
  • Experience in the banking or microfinance industry
  • Proven work experience with a minimum of 3years Banking experience
  • 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.
  • Strong knowledge of accounting regulations and procedures, including Generally Accepted Accounting Principles (GAAP).
  • Proficiency in Microsoft Office Suite and accounting software.
  • Understanding of banking and financial services business model and unit economics.

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

Why Work with Us?

  • Salary: N100,000 – N300,000 Monthly.
  • If you desire to work in an organization where employee motivation is key and passion is rewarded, then Bosak MFB might be the place for you.
  • We are committed to building an open and rewarding work environment where all employees have equal opportunities for growth to realize their full potential.
  • Our remuneration and employee welfare packages are among the best in the industry.
  • HMO
  • Constant Training and Development
  • Leave & Passage Allowance
  • Performance Induced Pay
  • 13th Month
How to Apply

Interested and qualified candidates should send their Cv to: recruitment@bosakmfb.com using the job title as the subject of the mail.

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