Area Manager
Responsibilities
Management of Area:
- In collaboration with the Human Resources Dept., hire, train, support, and motivate Area staff.
- Maintain a high standard of cleanliness and discipline within the Area and ensure that all staff members are performing according to expectation.
- Ensure the Area work flow is efficient and well-defined on a weekly and monthly basis.
Build community rapport:
- Become knowledgeable and known in the Area’s geographic zone.
- Build rapport with community and business associations and leaders;
- Be known and visible in the community/area;
- Develop goodwill of community towards Bosak Microfinance Bank Limited.
Financial Planning and Management:
- Develop annual plans and budgets for the Area, paying particular attention to the creation of efficiencies and reduction of the Area costs.
- Approve Area expenses within the budget parameters.
Supervision and Monitoring:
- Ensure that all Area staff follow and implement policies and procedures.
- Spot-check approved applications.
- Set performance goals with Area staff and monitor performance per procedures for all Area staff.
- Implement the performance management system at the Area level.
Area Administration:
- Ensure that the Area maintains neat, up-to-date and accurate client records.
- Organize and maintain neat, up-to-date and accurate files regarding performance of each Area staff member.
- Ensure that all approved loans in the Area are disbursed timeously and accurately.
- Ensure that all savings accounts are promptly opened with proper documents
- Ensure that all assets of the Area are protected at all times and that the Area ambience is within the acceptable standard.
Area Reporting:
- Prepare and submit Area portfolio and other financial reports timeously on a regular basis.
- Complete summary Area reports of supervision and monitoring activities and findings timeously on a regular basis.
Loan Approvals:
- Coordinate the activities of the credit committee for loan applications pertaining to his/her Area.
- Chair the credit committee for loan applications pertaining to his/her Area within his/her authority level.
- Ensure all documentation and requirements are complete prior to loan approvals.
- Ensure quality of analysis by all Branch Managers/Account Officers in the Area.
Business Development:
- Ensure that the loans and savings portfolio growth matches the Area Budget.
- In cases where the rate of growth is below the Budget, the Area Manager should provide adequate explanation for the deviations and advise the Chief Commercial Officer on the most appropriate corrective measures.
- Meet and build rapport with all Area staff, business/market associations and other relevant organizations in the area’s zone on a regular basis.
- Monitor business progress, provide assistance, demonstrate concern, and build loyalty among the business/market associations and clients.
- Keep abreast of the economic developments in the Area’s zone.
Debt Recovery:
- Review the daily repayment reports and other relevant reports per Account Officer and for the entire Area as soon as they are available.
- Ensure that debt recovery strategy and procedures are adhered to.
- Assist with late repayment recovery where necessary, in accordance with Bosak MfB Limited policies and procedures.
Requirement
- Candidates should have 6 years work experience.
Credit and Risk Officer
Job Responsibilities
- Work with Unit Head in Planning, designing implementing & managing the overall risk management process for the bank by developing the risk management framework, policies, processes, procedures and reporting standards that define the bank’s risk strategy and appetite in line with its overall business objectives
- Monitor the business development for emerging risks and recommend policies and procedures to improve the risk management process
- Developing methods to generate a robust system to identify, monitor, manage and control credit, market and operational risks.
- Facilitate the identification, assessment, measurement, monitoring, controlling and reporting the level of risk.
- Work with Unit Head to provide support, education and training to staff in order to create and increase risk awareness
- Ensures proper documentation of credits by adhering to set documentation standards and procedures
- Ensure the approved credit framework and recommend credit approval limits in line with banks’ policy is adhered
- Analysis and appraisal of Individual credit requests in accordance with approved policies and procedures to ensure that credit exposures are created subject to stipulated guidelines
- Conduct periodic stress tests and scenario analysis, assessing the impact to the Bank’s credit portfolio and make appropriate recommendations to senior management for appropriate action
- Review and analyse the delinquent portfolio to identify key causal factors, make recommendations and track them to ensure adequate and timely closure
- Responsible for loan recovery, such as negotiating work out plans and strategies for delinquent customers and provide additional support with respect to exposures requiring collection agencies or legal action
- Monitor violations of credit policies, provide analysis, conclusion and recommendations, present findings to senior management and suggest actions/penalties to be taken when appropriate
- Prepare timely, comprehensive and reliable credit risk reports to senior management and board on a regular basis
- Carry out any other task as required from time to time.
- Monitor NPL and ensure proper follow-up.
- Review and track department risk exposure and make recommendations
Job Role
- The primary purpose of this position centres on ensuring the Bank’s operations are properly designed, documented and managed. The positions covers:
- Risk Management (credit risk Analysis)
- Debt Repayment
- Asset/Collateral Recovery and Maintenance
- PAR (Portfolio at Risk) and Credit Monitoring
- NPL (Non Performing Loans) and PDO (Past due Obligations) review and recovery
- In-depth knowledge of Debt/Asset Recovery Policies.
Requirements
- Minimum of HND or Degree in Finance, Accounting, Economics, Business Administration etc. from a reputable University or Polytechnic.
- Minimum of 3-4 years working experience in Credit, Loan and Asset Recovery activities.
- Hands-on experience working in a Microfinance and/or FINTECH space
- Strong planning, organizational and time management abilities
- Experience in database Management.
- Experience is recovery.
- Post graduate degree or MCIB is an added advantage
- Minimum of two (2) years’ experience in a similar role at a MFB or Financial institution
- Awareness of emerging and innovative credit risk assessment specifically social scoring, alternative credit scoring and big data analytics tools.
We offer the following Benefits:
- HMO
- Constant Training and Development
- Leave & Passage Allowance
- Performance Induced Pay
- 13th Month
Team Lead – Financial Control Unit
Job Description
Why work with Bosak Microfinance Bank Limited?
- 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.
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 andsystems, leveraging technology to enhance efficiency and accuracy.
Job Qualifications
- 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
- 5 years proven work experience with a minimum of 5 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.
Job Requirements:
- 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.
Salary
N150,000 – N250,000 monthly.
Benefits:
- HMO
- Constant Training and Development
- Leave & Passage Allowance
- Performance Induced Pay
- 13th Month.
Human Resources / Payroll Officer
Job Description
- Ensures all payroll relevant transactions are collected and processed efficiently and obtain approval
- Ensures payroll data are maintained and updated from attendance machine and process for payroll information
- Maintaining payroll operations by following policies and procedures
- Maintain employees related ledger reconciliation with finance team and take necessary adjustment for correction
- Advise Financial Control Unit on expected fund for salary disbursement periodically in advance
- Compile summaries of earnings & deductions (Taxes, Pension, NHF, Loan, Leave, Gratuity etc.) and all statutory schedules/remittances for report and ensure payment accordingly
- Determine payroll liabilities by forecasting to mitigate the impact on P&L ledger and workers compensation payments with Finance Department
- Resolving payroll discrepancies and ensures all employees have access to their pay-slips
- Calculate and prepare employee entitlements accurately and promptly.
- Generate comprehensive monthly salary reports and manage statutory remittances (P.A.Y.E., Pension, Insurance reports, NSITF, Union dues, Co-operative, etc.).
External / internal relationship:
- Lagos Internal Revenue Service (LIRS)
- Nigeria Social Insurance Trust Fund (NSITF)
- Pension Administrators/Pension Custodians
- Finance/Account Department
- Union Executives
- All employees.
Qualifications / Requirements
- B.Sc. / HND in Accounting, Human Resources or a relevant field.
- Relevant certifications (an advantage, but not mandatory).
- Minimum of 4 years’ experience in a similar role.
- Proficiency in payroll preparation using ERP software, preferably Microsoft Dynamics Business Central (Sage & Oracle experience considered).
- Advanced expertise in Microsoft Excel for data analysis and reporting.
- Exceptional attention to detail.
- Excellent communication skills, demonstrating clarity and conciseness.
- Strong organizational skills to manage multiple tasks effectively.
Bank Teller
Job Description
- Our bank tellers do more than handle money; they establish and nurture relationships with our valued customers.
- We’re industry leaders because people trust us to handle their financial transactions with the utmost care and attention to detail.
- To continue this tradition of superior service and accountability, we’re looking for a qualified bank teller to join our team.
- The ideal candidate will have experience with banking processes, money management, and customer service.
- First and foremost, this person must be trustworthy and precise so that our reputation as a trusted bank is reinforced in the community.
Objectives of the Role
- Serve customers by managing documents, information, and financial transactions in an organized, efficient, and secure manner
- Build awareness of new products and services, and identify customer needs to capitalize on the business referral opportunities
- Meet and exceed bank service standards, greeting and acknowledging each customer to make them feel welcome, while complying with bank procedures and security protocols
- Work with other tellers as a team to complete daily tasks while demonstrating respect and professionalism, being prompt, and supporting management as needed
Responsibilities
- Handle transactions for customers, including check cashing, deposits, withdrawals, transfers, loan payments, cashier’s checks, and opening and closing of accounts
- Identify customer needs, provide information on new products and services, and direct customers to branch representatives as needed
- Reconcile cash drawers at the end of your shift, count and package coins and currency, turn in any excess or damaged currency to head teller
- Track, record, report, and store transactional information and special requests
- Provide a high level of customer service, offering answers and assistance with a smile.
Required Skills and Qualifications
- B.Sc Accounting or related
- Basic math and computer skills
- Cash-handling experience
- Excellent communication, customer-service, and time-management skills
- Ability to pass a background check
- Strong dedication to accuracy and efficiency.
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.