Head of Finance and Control

To provide strong financial stewardship and control for the Bank by maintaining accurate and reliable financial records, ensuring timely financial and regulatory reporting, managing budgets and financial resources, and maintaining effective internal financial controls.

The role will ensure that the Bank's financial reporting, accounting practices, regulatory returns, tax obligations and financial control environment comply with applicable regulatory requirements, accounting standards and internal policies, while providing Management and the Board with reliable financial information for decision-making.

Key Responsibilities

1. Financial Reporting and Accounting

- Maintain the Bank's general
ledger and ensure all financial records are complete, accurate and up to
date.
- Prepare timely monthly, quarterly
and annual financial statements and management accounts.
- Ensure appropriate accounting
treatment for all transactions in accordance with applicable accounting
standards and Bank policies.
- Review reconciliations, journals,
schedules and supporting documentation to ensure financial accuracy and
completeness.
- Monitor suspense accounts and
ensure outstanding items are investigated and cleared promptly.
- Maintain appropriate financial
records and documentation to support audit and regulatory requirements.

2. Budgeting, Planning and Financial
Analysis

- Lead the preparation of the
Bank's annual budget in collaboration with Management and Heads of
Function.
- Prepare financial forecasts and
periodic reforecasts based on business performance and changing
assumptions.
- Monitor actual performance
against approved budgets and provide meaningful variance analysis.
- Identify significant cost trends,
financial risks and opportunities and recommend appropriate corrective
actions.
- Provide financial analysis and
commercial insights to support Management's strategic and operational
decisions.
- Monitor the Bank's cost structure
and promote effective financial resource utilization.

3. Regulatory Reporting and Compliance

- Prepare and submit accurate and
timely financial and regulatory returns to the CBN, NDIC and other
relevant regulatory authorities.
- Ensure regulatory reports are
supported by accurate underlying financial records and reconciliations.
- Monitor changes in applicable
financial reporting, tax and regulatory requirements and coordinate
implementation.
- Maintain proper documentation and
audit trails for all regulatory submissions.
- Respond promptly to regulatory
queries relating to financial reporting and returns.
- Ensure the Bank remains compliant
with applicable prudential, accounting and financial reporting
requirements.

4. IFRS & Financial Reporting
Standards

- Ensure the Bank's financial
reporting complies with applicable IFRS requirements and relevant
regulatory accounting guidelines.
- Coordinate the application of IFRS
9 , including expected credit loss calculations, in collaboration with
Risk & Credit.
- Review impairment provisions,
loan-loss recognition and other significant accounting estimates.
- Ensure appropriate accounting
treatment for financial instruments, investments, interest income, fees
and other material transactions.
- Maintain appropriate accounting
policies and procedures and update them when required.

5. Treasury Back-Office &
Financial Controls

- Oversee the finance function's
independent confirmation, accounting and reconciliation of treasury
transactions.
- Ensure treasury transactions are
independently confirmed and settled in accordance with approved
procedures.
- Maintain clear segregation
between treasury dealing, approval, confirmation, settlement and
accounting activities.
- Reconcile bank accounts,
investment balances, placements and related income accurately and
promptly.
- Monitor treasury-related
accounting entries and ensure all transactions are properly recorded.

6. Tax & Statutory Compliance

- Ensure timely and accurate
preparation and filing of the Bank's tax returns and statutory
obligations.
- Manage relationships with
relevant tax authorities and professional advisers.
- Monitor applicable tax
legislation and assess its implications for the Bank.
- Ensure appropriate accounting for
tax liabilities, provisions and statutory deductions.
- Provide Management with advice on
tax exposures, compliance requirements and potential financial
implications.

7. Audit and Financial Governance

- Coordinate the Bank's external
audit process and ensure timely provision of requested information and
supporting documentation.
- Liaise with Internal Audit and
other control functions on financial control matters.
- Track financial audit findings
and coordinate implementation of agreed corrective actions.
- Ensure appropriate financial
controls are established over income, expenditure, assets, liabilities,
payments and financial reporting.
- Identify weaknesses in financial
processes and recommend improvements.

8. Financial Control and Asset
Protection

- Establish and maintain effective
controls over the Bank's financial resources and assets.
- Review expenditure and payment
processes to ensure compliance with approved budgets and delegated
authority.
- Monitor financial transactions
for unusual, inaccurate or unauthorized activity and escalate concerns
appropriately.
- Ensure appropriate
reconciliations are performed and independently reviewed.
- Safeguard the integrity of the
Bank's financial information and records.

9. Management & Board Reporting

- Provide accurate and timely
financial reports to the MD/CEO, Management and the Board.
- Present financial performance,
budget variances, liquidity-related financial information and other key
financial indicators as required.
- Provide financial analysis to
support strategic planning and business decisions.
- Highlight significant financial
risks, emerging trends and areas requiring Management attention.
- Support the preparation of Board
and committee papers relating to financial performance and control.

10. Team Leadership and Development

- Lead, supervise and develop the
Finance/Accounts team.
- Establish clear objectives,
performance expectations and controls for finance personnel.
- Ensure appropriate segregation of
duties within the Finance function.
- Build technical capability in
financial reporting, regulatory returns, reconciliations and financial
controls.
- Promote a culture of accuracy,
accountability, integrity and continuous improvement.

Requirements

- BSc or HND in Accounting, Finance, Economics or another relevant
discipline.
- ACA, ACCA or ANAN membership is required.
- CITN membership or relevant tax qualification is desirable.
- An MBA, MSc or other relevant postgraduate qualification is an advantage.
- Minimum of 10 years' relevant professional experience , with at
least 5 years in banking, microfinance, financial services or another
regulated financial institution .
- At least 2 years' experience in a financial management or supervisory
role .
- Demonstrable experience preparing CBN and/or NDIC regulatory returns is essential.
- Experience with IFRS, IFRS 9, financial controls, budgeting and external
audit within a regulated financial institution is strongly preferred.
- Financial reporting and
accounting
- Regulatory reporting and
compliance
- IFRS and IFRS 9
- Budgeting and financial planning
- Financial analysis and management
reporting
- Internal financial controls
- Bank and investment
reconciliations
- Tax and statutory compliance
- Audit coordination
- Treasury accounting and control
- Risk awareness and financial
discipline
- Accuracy and attention to detail
- Commercial and analytical
judgement
- Team leadership and people
development

Performance Measures

- Accuracy and timeliness of
monthly, quarterly and annual financial reports.
- CBN, NDIC and other regulatory
returns submitted accurately and within required deadlines.
- Minimal or no material regulatory
queries arising from financial reporting.
- General ledger and bank
reconciliations maintained accurately and up to date.
- Suspense and reconciling items
investigated and cleared within agreed timelines.
- Budget performance monitored with
significant variances identified and explained promptly.
- Effective application of IFRS and
IFRS 9 requirements.
- Timely and accurate tax and
statutory compliance.
- Successful completion of external
audits with timely resolution of financial audit findings.
- Effective operation of financial
controls with no material control breaches attributable to the Finance
function.
- Accurate accounting and
independent reconciliation of treasury transactions.
- Protection and proper stewardship
of the Bank's financial resources.

Benefits

An opportunity to establish and lead a robust finance and control
function within a growing Microfinance Bank, with significant responsibility
for financial integrity, regulatory reporting, budgeting, financial planning
and sound financial governance. The role offers meaningful exposure to
strategic financial decision-making and a competitive compensation package
aligned with the responsibilities and performance expectations of the position .