Head, Internal Control at a Microfinance Bank - Peridot Forte Solutions Consulting Limited

Posted on Thu 12th Sep, 2019 - hotnigerianjobs.com --- (0 comments)

Peridot Forte Solutions Consulting Limited - Our client in the Microfinance Bank industry requires the services of a suitably qualified candidate to fill the position below:

Job Title: Head, Internal Control

Location: Lagos

Job Summary

Compliance, Internal Controls and Risk Management

Responsibilities

Ensure regular reconciliation of bank statements
Ensure proper documentation, recording and tagging of the company’s fixed assets.
Liaise with external auditors
Ensure proper proofing and recommendation of general ledger accounts
Makes financial control-related recommendations on specific major projects or plans.
Ensure prompt rendition of returns to the MD and board of Directors
Ensure that credit facilities to any customers or group of customers are in line with the regulatory guidelines; clearly defined internal policies and debt service capability.
Monitoring of conditions subsequent to draw down for timely detection of documentation deficiencies.
Ensure that all credits have been approved in accordance with the credit policy.
Ensure that all pre-disbursement conditions have been met.
Ensure that all collateral documents are properly kept and perfection carried out.
Review approved credit for quality, performance and compliance with approved terms & condition in the credit policy. Ensure all credit are approved in accordance with the credit policy and any regulatory guidelines. prompt escalation of any deficiencies noted
Carry out spot checks on loan customers to verify due diligence done prior to draw down
Identify all non performing accounts and pursue workout strategies in collaboration with loan officers
Ensure that limits are monitored.
Ensure that income, fees, maturing repayment & other charges are captured.
Detect and escalate un-authorized credits.
Ensure policy driven credit related sanction are captured on the software, e.g. late payment penalties and enforced by loan officers
Prepare regular report for management on portfolio quality etc. as required
Identification of warning signals and flagging likely problems before they crystallise
Review regularly officer cash collection records versus system balances
Enforce the company’s clear desk policy
Identification of deteriorating accounts for prudential classification and transfer to credit recovery
Ensure that limits are monitored
Ensure that income, fees, maturing repayment & other charges are captured.
Detection and escalation of un-authorized credit.
Implementation of policy driven credit related sanctions.
Preparation of exception report as required.
Identification of warning signals and flagging likely problem before they crystallise.
Custody and maintenance of credit files.
Ensure that a review of the portfolio is carried out on a quarterly basis
Ensure that a rapid review of the company’s portfolio is carried out, in the event of material adverse changes, affecting the operating environment.
Ensure that appropriate recommendations are implemented such that the desired level of credit quality and performance are attained and sustained.
Take necessary measure to ensure adequate quality assurance in operation i.e. call over. General ledger proofing/ reconciliation, integrity test, departmental control etc.
Ensure all interest earning are correctly accrued and amortised monthly.
Ensure proper verification of expenses before processing and disbursement of funds.
Track bank deposits and payments

Requirements

5 - 9 years experience in Microfinance Bank.

Application Closing Date
25th September, 2019.

Method of Application
Interested and qualified candidates should send their CV to: [email protected] using the Job Title as the subject of the mail.

Share this job:

Season's Greetings from Hotnigerianjobs.com!

Nigerian Air Force List of Successful Candidates for Direct Short Service Commission Course (DSSC) 33 / 2024

National Hospital Abuja Job Recruitment (29 Positions)

Nigerian National Petroleum Corporation (NNPC) Limited Graduate Trainee & Exp. Job Recruitment (50 Positions)

Nigerian National Petroleum Corporation (NNPC) Limited Graduate Trainee Recruitmet 2024

Career News: Independent National Electoral Commission (INEC) Begins 2024 Edo & Ondo Gubernatorial Election Staff Recruitment

Independent National Electoral Commission (INEC) Adhoc Staff Job Recruitment (5 Positions)

Registration Area Technical Support Officer (RATECH) at the Independent National Electoral Commission (INEC) - Edo & Ondo

Registration Area Center (RAC) Manager at the Independent National Electoral Commission (INEC) - Edo & Ondo

Supervisory Presiding Officers (SPO) at the Independent National Electoral Commission (INEC) - Edo & Ondo

United Bank for Africa Plc (UBA) Graduate Management Accelerated Programme (GMAP) 2024

TotalEnergies Marketing Nigeria Plc Young Graduate Program 2024

Shell Petroleum Development Company (SPDC) Graduate Programme 2024

Career News: Police Service Commission (PSC) Releases List of Successful Candidates for Constable and Specialist Cadres

Shell Petroleum Development Company of Nigeria Limited (SPDC) Niger Delta Postgraduate Scholarship 2024

Comments (0)

Post a Comment

Name: *
Email: *
Comment: *