Team Lead

4 weeks ago


Ikeja, Lagos, Nigeria Bosak Microfinance Bank Limited Full time

Job Description
Why work with Bosak Microfinance Bank 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.

Key Responsibilities
Financial Management:

  • Oversee day-to-day financial operations, including accounts payable/receivable, payroll, budgeting, and financial reporting.

Budgeting and Forecasting:

  • Develop and manage the annual budget and financial forecasts. Monitor financial performance against budgets and provide variance analysis.

Financial Reporting:

  • Prepare and present accurate and timely financial reports, including monthly, quarterly, and annual financial statements, in compliance with relevant accounting standards.

Regulatory Compliance:

  • Ensure compliance with all relevant financial regulations, including Central Bank guidelines, tax laws, and other legal requirements. Prepare reports for regulatory bodies as required.

Internal Controls:

  • Implement and maintain robust internal controls to safeguard the bank's assets and ensure the accuracy and reliability of financial information.

Cash Flow Management:

  • Monitor and manage the bank's cash flow to ensure liquidity and optimize the use of funds.

Audit Coordination:

  • Coordinate with external auditors during financial audits, ensuring all necessary documentation and information are provided.

Financial Analysis:

  • Conduct financial analysis to support decision-making processes.
  • Provide insights on cost control, profitability, and financial performance.

Team Management:

  • Lead and mentor the finance team, ensuring professional development and the effective execution of financial tasks.

Collaboration:

  • Work closely with other departments to provide financial insights and support business operations. Assist in the development of financial strategies and initiatives.

Technology and Process Improvement:

  • Identify opportunities to improve financial processes andsystems, leveraging technology to enhance efficiency and accuracy.

Job Qualifications

  • A Bachelor's degree in Finance, Accounting, Economics, or a related field.
  • Professional certification in Accounting, such as ICAN or ACCA is preferred
  • Experience in the banking or microfinance industry
  • 5 years proven work experience with a minimum of 5 years 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.

Job Requirements:

  • 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.

Salary
N150,000 - N250,000 monthly.

Benefits:

  • HMO
  • Constant Training and Development
  • Leave & Passage Allowance
  • Performance Induced Pay
  • 13th Month.


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