Peridot Forte Solutions Consulting Limited – Our client in the Microfinance Bank industry requires the services of a suitably qualified candidate to fill the position below:
Job Title: Financial Controller
Location: Lagos
Responsibilities
- Oversee proper maintenance of the bank’s books of accounts and finances
- Co-ordinates the preparation of regulatory and statutory returns
- Ensures timely preparation of the company’s financial and management reports
- Performance management
- Reviews the company’s cost structure and position, and makes appropriate cost reduction/management recommendations.
- Collaborate with relevant units to deliver the bank’s budget planning, reporting and management processes.
Requirements
- 5 – 9 years experience in Microfinance Bank.
Job Title: Head, Internal Control
Location: Lagos
Job Summary
- Compliance, Internal Controls and Risk Management
Responsibilities
- Ensure regular reconciliation of bank statements
- Ensure proper documentation, recording and tagging of the company’s fixed assets.
- Liaise with external auditors
- Ensure proper proofing and recommendation of general ledger accounts
- Makes financial control-related recommendations on specific major projects or plans.
- Ensure prompt rendition of returns to the MD and board of Directors
- Ensure that credit facilities to any customers or group of customers are in line with the regulatory guidelines; clearly defined internal policies and debt service capability.
- Monitoring of conditions subsequent to draw down for timely detection of documentation deficiencies.
- Ensure that all credits have been approved in accordance with the credit policy.
- Ensure that all pre-disbursement conditions have been met.
- Ensure that all collateral documents are properly kept and perfection carried out.
- Review approved credit for quality, performance and compliance with approved terms & condition in the credit policy. Ensure all credit are approved in accordance with the credit policy and any regulatory guidelines. prompt escalation of any deficiencies noted
- Carry out spot checks on loan customers to verify due diligence done prior to draw down
- Identify all non performing accounts and pursue workout strategies in collaboration with loan officers
- Ensure that limits are monitored.
- Ensure that income, fees, maturing repayment & other charges are captured.
- Detect and escalate un-authorized credits.
- Ensure policy driven credit related sanction are captured on the software, e.g. late payment penalties and enforced by loan officers
- Prepare regular report for management on portfolio quality etc. as required
- Identification of warning signals and flagging likely problems before they crystallise
- Review regularly officer cash collection records versus system balances
- Enforce the company’s clear desk policy
- Identification of deteriorating accounts for prudential classification and transfer to credit recovery
- Ensure that limits are monitored
- Ensure that income, fees, maturing repayment & other charges are captured.
- Detection and escalation of un-authorized credit.
- Implementation of policy driven credit related sanctions.
- Preparation of exception report as required.
- Identification of warning signals and flagging likely problem before they crystallise.
- Custody and maintenance of credit files.
- Ensure that a review of the portfolio is carried out on a quarterly basis
- Ensure that a rapid review of the company’s portfolio is carried out, in the event of material adverse changes, affecting the operating environment.
- Ensure that appropriate recommendations are implemented such that the desired level of credit quality and performance are attained and sustained.
- Take necessary measure to ensure adequate quality assurance in operation i.e. call over. General ledger proofing/ reconciliation, integrity test, departmental control etc.
- Ensure all interest earning are correctly accrued and amortised monthly.
- Ensure proper verification of expenses before processing and disbursement of funds.
- Track bank deposits and payments
Requirements
- 5 – 9 years experience in Microfinance Bank.
Job Title: Managing Director
Location: Lagos
Responsibility and Expectations
- Business Growth
- Profitability
- Compliance
- Brand Development and Visibility
- Market Share
- National Presence
Requirements
- 8 – 12 years experience; the past 5 years in management position in Microfinance Bank.
- Team player, ability to meet deadlines, goal and result oriented
- Demonstrate evidence of growing balance sheet size of an organization, marketing exploits and target driven
- A strategic outlook
- Ability to evolve strategies for improved turnover
- Strong presentation, negotiation and computer skills
- Proven ability to build positive relationships with a wide range of internal and external stakeholders
- An inclusive management style that encourages professional growth and development of staff while demanding a high level of individual and organizational goal achievement
- Exhibit strong understanding of the market, industry and interface with regulators, banks and other financial institutions, investment, business, industry executives and executives of other influential bodies on a regular basis in order to increase the standing of the bank with those bodies and improve business effectiveness.
- Ability to relate with Board of Directors and prepare memos for board approval and engender cordial relationship with the board to achieve corporate goal.
Deadline: 25th September, 2019.
Method of Application
Interested and qualified candidates should send their CV to: peridotforte@gmail.com using the Job Title as the subject of the mail.
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