Accion Microfinance Bank Limited – Established in 2006, Accion Microfinance Bank Limited began operations in May 2007 on license from the Central Bank of Nigeria. Our management team comprises seasoned and distinguished professionals from diverse backgrounds complemented by the expertise of our technical partners, ACCION International. At Accion Microfinance Bank our core values, business philosophy and methodology distinguish us as one of the leading microfinance banks in Nigeria.
We are recruiting to fill the position of:
Job Title: Manager, Financial and Regulatory Reporting, Accion MfB
Location: Nigeria
Reports to: Chief Financial Officer
Summary/Objective
Location: Nigeria
Reports to: Chief Financial Officer
Summary/Objective
- The ideal candidate will coordinate all activities relating to accurate and timely reporting of historical financial performance and communicating same to stakeholders in the relevant accounting standards and formats.
- Candidate will also have responsibility for coordinating regulatory reporting and compliance with zero infraction tolerance.
The responsibilities of this role include:
- Preparation of period financial statements in International Financial Reporting Standards (IFRS) with accuracy and timeliness as key measurement targets.
- Coordinating all issues relating to the Bank’s compliance with current and emerging International Financial Reporting Standards.
- Maintenance of Fixed Assets Register.
- Monthly CBN Returns and Queries.
- Any other duties as may be assigned.
- Preparation of Board quarterly reports incorporating analytical review from previous quarter.
- Coordinating the preparation for and handling of annual statutory audit.
- Coordination of all activities relating to preparation for and handling of CBN/NDIC Risk Examinations of the Bank.
- Preparation of quarterly earnings forecast with justifications.
- Maintaining and obtaining database for addressing request from Rating Agencies, and other strategic partners.
- General Ledger review and Reconciliations.
Qualification and Experience
- First degree in Accountancy, Finance, Economics or any related numerate discipline with a minimum of second class or its equivalent.
- Professional certification especially in ACCA or ACA.
- M.Sc. or MBA will be an added advantage.
Key Performance Measures:
- Zero regulatory infraction.
- Timely and accurate Reporting.
- Prompt adaptation to new requirements.
Candidate’s Knowledge and Attributes:
- Minimum of 10 years working experience in the financial service industry especially in Commercial/Microfinance Banks operating in Nigeria.
- Candidate must also have the ability to develop financial models and use the models to analyze business opportunities and risks.
- Strong numerical and analytical skills, self-confidence, strong conceptual and presentation skills.
- Strong accounting bias with deep knowledge of financial accounting and regulations.
- Candidate must have sound knowledge of the International Financial Reporting Standards especially relating to financial instruments.
- Successful candidates must be self-driven, very energetic, highly resourceful and versatile with exceptional leadership capabilities.
Interested and qualified candidates should:Click here to apply
Job Role: Cost Management Officer
Location: Nigeria
Reports to: Chief Financial Officer
Summary/Objective
Location: Nigeria
Reports to: Chief Financial Officer
Summary/Objective
- The ideal candidate will coordinate all activities relating to accurate and timely reporting of historical financial performance and communicating same to stakeholders in the relevant accounting standards and formats.
- Candidate will also have responsibility for coordinating regulatory reporting and compliance with zero infraction tolerance.
Cost Management General Responsibilities
- Elimination of waste and improve process efficiency by providing and driving a disciplined expenditure justification framework and supporting operating units with better informed testing statistics.
- Drive and sustain bank wide cost management culture and ensuring compliance with cost management policies, procedures and frameworks.
- Provide basis for relating operating expenses to budgets and ensuring that cost budget figures are effectively used to drive business.
- Coordinate all expenditure approval and payment activities of the bank in a most efficient manner.
- To ensure completeness and accuracy of transaction processed.
Cost Management Staff Key Responsibilities
- Review key expenditure lines to appreciate their nature and behaviour with a view to eliminating waste.
- Review work process of key operating units to optimize outputs, and explore alternative ways of doing same work.
- Propose to Chief Finance Officer new frameworks for incurring given expenses within the bank.
- Processing of expense tickets to ensure proper approvals & coding.
- Representing Chief Finance Officer in tender sessions.
- Provide a rational and objective basis for appraising expenditure related investments proposal, and measuring post implementation outcomes.
- Review the procurement activities of Accion and suggest on alternate cost – saving methods of procurement.
- Understand and review weekly (Cost Owners) expense accounts with a view to ensuring completeness and appropriateness of reporting.
- Monitoring of branches budget compliance by updating the Budget Monitor with the actual CAPEX cost
- Conduct of periodical market survey and intelligence for best prices and practices.
- Liaise with branches to ensure proper reporting and posting of expense transaction.
- Recommend changes to expenditure policies and procedures from time to time.
- Applying applicable Withholding Tax (WHT) rates on expense payment
- Stamping of expense tickets to ensure reporting to the appropriate Expense account.
- Recording all processed expenses into a memorandum (Excel) records format.
Due Process Strategic Objectives
- Centralized responsibility for Accion’s acquisition of assets and services in a manner that will offer highest value for the bank’s money. Do more with less.
- To relieve operating units from the burden of managing procurement/expenditure responsibilities.
Due Process General Responsibilities
- Elimination of waste and improve process efficiency by providing and driving a disciplined tendering process.
- Ensure that due process is followed by in acquisition of assets and services by the bank.
- Coordinate all tender meetings for the bank and ensure that appropriate approvals are sought in line with bank’s policy.
- Prequalify vendors/contractors and maintain the bank’s vendors/contractors database.
Unit Staff Key Responsibilities
- Convening and co coordinating the banks tender committee meetings.
- Seeking approval from appropriate authorities in line with bank’s policy for acquisition of assets and services by the bank.
- Maintaining independent vendors/suppliers database from that of Head Office Administration Group.
- Liaising between equipment maintenance unit of Corporate Services and service providers and branches for effective operation of the annual maintenance service contracts.
- Working with Corporate Services on processing and administration of annual Maintenance Service Contracts (MSC) on service/ office equipment.
- Maintain records of all transactions relating to Contract service providers bank wide.
- Confirm the service qualities of all service providers and provide a service rating per all vendors in contract.
- Attend to contractors and vendors on issues on service contracts.
- Scheduling and attending of tenders for procurement in line with policy including preliminary briefings and communications to tender committee members with due notice.
- Coordinating the price intelligence supervision function.
Qualifications and Experience
- First degree in Accountancy, Finance, Economics or any related numerate discipline with a minimum of second class or its equivalent.
- Professional certification especially in ACCA or ACA.
- M.Sc. or MBA will be an added advantage.
Interested and qualified candidates should:Click here to apply
Application Deadline 16th May, 2018.
Note: Only qualified candidates will be shortlisted and contacted.
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