Head of Finance at Teerus Microfinance Bank

Teerus Microfinance Bank is a Newly established tier 1 unit microfinance bank, Located in Surulere, Lagos. As a microfinance bank, we provide financial services to micro, small and medium enterprises both formal and informal, and to underserved individuals who require affordable loans.

We are recruiting to fill the position below:

Job Title: Head of Finance

Location: Surulere, Lagos
Employment Type: Full-time

Job Summary

• The Head of Finance will be responsible for overseeing the financial management, strategic planning, and regulatory compliance of Teerus Microfinance Bank.
• The role requires strong leadership in financial reporting, risk management, budgeting, and internal controls to ensure the bank's financial health and sustainability.
• The ideal candidate will provide strategic financial insights to support decision-making and drive business growth.

Key Responsibilities
Financial Strategy & Planning:

• Develop and implement financial strategies aligned with the bank’s overall objectives.
• Provide financial insights and recommendations to senior management for informed decision-making.
• Lead financial planning, forecasting, and investment strategies to ensure long-term stability.

Financial Reporting & Analysis:

• Oversee the preparation of accurate and timely financial statements in compliance with regulatory and internal requirements.

• Conduct in-depth financial analysis to track performance, identify trends, and provide insights.

• Ensure the timely submission of monthly, quarterly, and annual financial reports to senior management and regulatory bodies.

Regulatory Compliance & Risk Management:

• Ensure full compliance with financial regulations, including CBN guidelines, IFRS standards, and Nigerian tax laws.
• Liaise with external auditors, tax consultants, and regulatory agencies to facilitate audits and filings.
• Identify financial risks and develop strategies to mitigate them.

Budgeting & Cost Management:

• Oversee the preparation and monitoring of the annual budget to ensure effective financial planning.
• Analyze budget variances and provide recommendations for cost optimization.
• Implement cost-control measures to enhance operational efficiency and profitability.

Internal Controls & Financial Governance:

• Develop and implement robust financial controls and policies to safeguard the bank’s assets.
• Establish procedures to ensure accurate financial reporting and prevent fraud.
• Monitor financial transactions to ensure compliance with internal policies and external regulations.

Leadership & Team Management:

• Lead and mentor the finance team to enhance performance and ensure alignment with the bank’s strategic goals.
• Foster a culture of accountability, transparency, and continuous improvement within the finance department.
• Collaborate with other departments to align financial objectives with operational goals.

Qualifications & Requirements

• Bachelor’s Degree in Accounting, Finance, Economics, or a related field. A master’s degree is an advantage.
• Professional certification such as ICAN, ACCA, or CFA is required.
• Minimum of 8–15 years of experience in financial management, preferably in the banking or microfinance sector, with at least 3 years in a leadership role.
• Strong knowledge of financial regulations, Nigerian tax laws, and IFRS standards.
• Proven experience in financial reporting, budgeting, and strategic financial planning.

Key Competencies:

• Proficiency in financial management software and banking applications.
• Strong analytical, problem-solving, and decision-making skills.
• Excellent leadership and team management capabilities.
• High attention to detail and accuracy.
• Strong communication and presentation skills

What We Offer

• Opportunity to contribute to a dynamic institution at the forefront of financial inclusion.
• Competitive salary and benefits package.
• Supportive and innovative work environment.

Application Closing Date
25th February, 2025.

Method of Application
Interested and qualified candidates should send their CV and a cover letter to: [email protected] using "Application for Head of Finance- Teerus Microfinance Bank " as the subject of the mail.

Note: We are an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.