Head of Finance at a Leading Microfinance Bank - Traxvela Services Limited

Traxvela Services Limited - Our client, a leading microfinance bank, is due to expansion recruiting to fill the position below:

Job Title: Head of Finance

Location: Lekki, Lagos
Employment Type: Full-time

Job Role

• The main purpose of this position is to assist in the delivery of company wide financial management, treasury management, accounting, budgeting, performance analysis, payroll, fund raising, 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.

Key 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 any fund raising 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 audits 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.

Qualifications

• Minimum of Degree in Accounting / Finance / Economics
• ICAN / ACIBN Qualified
• Ideally MCP certified
• Minimum of 10 years professional experience
• 3 - 5 years relevant experience in a Financial institution.

Skills / Knowledge:

• 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.

Application Closing Date
20th June, 2024.

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