Financial Control Officer at Bosak Microfinance Bank Limited

Bosak Microfinance Bank Limited was incorporated in December 2009 with the business objective of providing financial service to micro clients who were excluded from the mainstream financial system. It commenced operations in June 2010 upon obtaining a Unit Microfinance Banking License from the Central Bank of Nigeria. It later obtained a State Microfinance Banking License in 2016. Bosak Microfinance Bank Limited’s financial inclusion effort focuses on promoting savings culture, access to credit facilities for income-generation purposes and reducing vulnerability to risk through micro insurance. The Bank’s major strategic focus employs the group lending methodology in its operations with a leaning towards women. It believes in the commitment of women folk to work hard and help their families conquer poverty. As such, more than 95% of the Bank’s lending activities focuses on women. The success of the bank’s group lending activities largely depends on group solidarity and cohesion.

The success recorded by the bank in its lending program has earned it strategic partnership with the Bank of Industry (BOI) and the Development Bank of Nigeria (DBN) among others. The combination of cutting-edge technology, a strong and committed Board of Directors and motivated employees has helped the Bank to create a brand widely accepted by its teeming clients in Lagos. It is now expanding its frontiers in a scaling program aimed at delivering improved value to its stakeholders.

We are recruiting to fill the position below:

Job Title: Financial Control Officer

Location: Ikeja, Lagos
Employment Type: Full-time

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

Qualification / Requirements

• A Bachelor's degree in Finance, Accounting, Economics, or a related field.
• Professional certification in Accounting, such as ICAN or ACCA is compulsory.
• 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.

Why work with Boask 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.

We offer the following Benefits

• Salary: N100,000 - N200,000 per month
• HMO
• Constant Training and Development
• Leave & Passage Allowance
• Performance Induced Pay
• 13th Month

Application Closing Date
28th January, 2025.

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