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Business and Finance

Chief Financial Officer in a Microfinance Bank

Catilas Resources Limited – Our client, a Microfinance Bank situated in Ojodu, Lagos state, is recruiting suoitable candidates to fill the position below:

Job Title: Chief Financial Officer

Location: Ojodu, Lagos
Employment Type: Full Time

Description

  • Our client is recruiting a Chief Financial Officer with proven experience in finance modeling, capital raising and negotiation.
  • The ideal candidate will be responsible for planning and executing the organization’s financial strategy as well as institute strong risk management throughout the organization.
  • Successful candidates will be involved in long-term business planning, data analysis, budget control, revenue assurance, stress testing, and reporting on financial performance and Key Performance Indicators (KPIs).
  • Financial Planning and Strategy, Managing Profitability, Strategic Planning and forecasting, Corporate Finance, Developing Budgets, managing relationships with banks and negotiations, fundraising, and dealing with internal and external stakeholders.

Key Responsibilities

  • Responsible for the integrity of the General ledger
  • Implementing procedures according to Corporate policies and procedures
  • Full responsibility for the production of monthly management accounts
  • Review and approve all reconciliation and schedules such as bank statements, schedule of accrued charges, prepayments etc.
  • Ensuring profitable margins on products are achieved and maintained.
  • Demonstrating cost-cutting initiatives aiming at providing best solution at lower cost
  • Developing and implementing effective controls framework and management systems to guide and support business operations
  • Liaising with both external and internal auditors
  • Planning and managing the material ordering process and ensure constant availability.
  • Ensuring monthly general ledger entries CAPEX and OPEX accruals and provisions are raised.
  • Preparing Monthly Management accounts for both internal and regulatory usage.
  • Develop analytical tools to evaluate business proposals and identify the best decisions.
  • Involvement in day-to-day management team management
  • Statutory reporting and year-end duties.
  • Consolidation and reporting to senior management
  • Preparation of monthly budgetary control and performance.
  • Preparation of the overall annual budget of the bank, including the assumptions and the ratios.
  • Treasury management and monitoring.
  • Producing multi-dimensional reports for Management decision
  • Ensuring that all costs are properly tracked and that OPEX and CAPEX are within budget.

Requirements

  • Minimum of B.Sc in Accounting / Finance / Economics
  • Minimum of 5 Years relevant professional experience in a similar role.
  • Financial services experience is compulsory
  • Excellent working knowledge of MS Excel & Word;
  • Good knowledge of IFRS and Management Accounting
  • Good knowledge of CBN regulatory reporting
  • Masters degree will be an added advantage.
  • Qualified Accountant (ACCA, ICAN).

Salary
Competitive.

How to Apply
Interested and qualified candidates should:
Click here to apply online

Note: This position is based in Lagos state and interviews will be conducted in Lagos.

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