Head of Finance Job at MKOBO Microfinance Bank

MKOBO is a fully licensed Microfinance bank by the Central Bank of Nigeria (CBN) in Lagos, Nigeria. MKOBO was conceived to help solve consumers’ need for access to short-term emergency credit. Our goal is to provide access to short term unsecured loans, which is easily accessible. We cater to the demography currently undeserved by the Commercial banks in our aim to help increase financial inclusion of the Nigerian population.

We are recruiting to fill the position below:

Job Position: Head of Finance

Job Location: Lagos
Job Type: Full Time

Job Role

• The main purpose of this position is to assist in the delivery of company wide financial management, treasury management, accounting, budgeting, performance analysis, payroll, fund raising, and financial reporting function.
• The successful individual will proactively identify issues, opportunities and solutions to ensure effective budgeting, assists in strategic planning and forecasting, financial performance and sustainability while ensuring the accurate capturing and timely reporting of all financial activities.

Key Responsibilities

• 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.
• Consolidation and reporting to senior management
• Treasury management and monitoring
• Preparation of budget/financial plan & forecast. 
• Assist in the preparation and review of all monthly and quarterly reports for Board, Shareholders, Regulatory bodies etc.
• Follow up on budget implementations and limits as it relates to each department. Investigates variances between budget and actual.
• Perform financial control functions.
• Statutory reporting and year-end duties
• Take ownership of an fund raising activity
• Provide strategic support to the CEO
• Preparation of monthly budgetary control and performance.
• Preparation of overall annual budget of the bank, including the assumptions and the ratios.
• Develop and manage liquidity management tools
• Preparation of monthly management accounts and other financial accounts
• Assist Senior Managers in financial management and reporting activities.
• Conduct finance audit periodically and recommend improvements.
• Develop financial policies and procedures for operational efficiency.
• Develop and maintain financial statements for future reference.
• Monitor and manage expenses within the established budget.
• Implement a structured and robust Finance department
• Work with External Auditors for regular audit of accounts

Qualifications

• Minimum of Degree in Accounting / Finance / Economics
• Minimum of 10 year of Professional Experience
• 3-5 Years of relevant experience in a Financial institution.
• ICAN/ACCA/CFA Qualified
• Ideally MCP certified

Skills/Knowledge:

• Highly proficient with the use of MS Excel, MS Powerpoint & MS Word;
• Good knowledge of IFRS, Management Accounting and reporting standards
• Good knowledge of CBN regulatory reporting
• Strong Stakeholder Management and team player.
• A self Starter with the ability to work independently
• Must have a good grasp of technology
• Attention to detail and strong analytical skills
• Excellent communication, presentation and organisation skills
• Financial services or Fintech experience will be beneficial
• Must have prior experience working with Bankone Core banking.