Job Description
- 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
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 3 years 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.
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.