Job Openings at Bosak Microfinance Bank Limited

Bosak Microfinance Bank Limited was incorporated in December 2009 with the business objective of providing financial service to micro clients who were excluded from the mainstream financial system. It commenced operations in June 2010 upon obtaining a Unit Microfinance Banking License from the Central Bank of Nigeria. It later obtained a State Microfinance Banking License in 2016. Bosak Microfinance Bank Limited's financial inclusion effort focuses on promoting savings culture, access to credit facilities for income-generation purposes, and reducing vulnerability to risk through microinsurance.

We are recruiting to fill the positions below:

1.) Resident Internal Control Officer

Job Location: Ikorodu Branch, Lagos

Employment Type: Full-time

Job Description

• Conducting confidential investigations on control breaches.
• Vault cash count and register
• Ensure the physical cash correlates with the system balance
• Ensure loan officer`s and teller`s till are balanced and zero
• Spooling of uncheck SMS report, investigate why the customer(s) was unchecked
• Spool weekly repayment report to call customer`s with previous day shortfall (at least 20 customers in a week), investigate why repayment was not made
• Checking of LO`s till for daily postings on field
• Marking of LO`s ledgers.
• Ensuring that all cash received from customers by LO/BM are paid to our correspondence banks and if there are barriers in this regards, it is expected that all unpaid cash are to be boxed in the vault.
• Verifying and Sending of disbursement advice to the appropriate unit
• Ensure adequate care and maintenance of bank’s properties.
• Monitors organization wide compliance with laid down policies, processes and procedure to ensure adherence.
• Review & manage the day-to-day activities attendance register and operational issues.
• Ensure that strategies defined are implemented by Internal Audit Team for accomplishment of the department’s objectives.
• Carry out specific management assigned tasks.
• Assist in carrying out Full Scale Inspection & Audit.
• Calling over of transactions and quality control.
• Checking of Loan Officer’s daily transactions.
• Report all form of infraction affecting the business arising from daily situations.
• Conducting random spot check with other unit on processes and operations to identify potential weaknesses or deviations from the established procedures.
• Query all anomalies discovered from spot check.
• Attend to deceased customer`s report, if any.
• Assess the primary risks facing the bank and identify risk mitigation measures.
• Managing the risks associated with the different Units in the bank (Enterprise Risk Management) and following up to ensure compliance on all observations.

Qualifications

• Minimum of a Bachelor’s Degree in Accounting, Finance, or a related field.
• Minimum of 2 years of relevant experience in internal auditing or internal control, preferably within the financial services industry.
• Excellent analytical, investigative, and problem-solving abilities.
• Candidates must be resident in Ikorodu or its environs.
• Strong communication, interpersonal, and report-writing skills.
• Solid knowledge of internal control frameworks and best practices.
• Proficiency in Microsoft Office Suite.

Benefits

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

Why Work with Bosak Microfinance Bank Limited

• If you desire to work in an organisation 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.

Application Closing Date: 9th September, 2025.

Method of Application
Interested and qualified candidates should send their CV to: recruitment@bosakmfb.com using the Job Position as the subject of the mail.

Note: Only candidates resident in Ikorodu and its environs are encouraged to apply.

2.) Financial Control Officer

Job Location: Ogba - Ikeja, Lagos
Employment Type: Full-time

Responsibilities

• Prepare and review the monthly Balance Sheet and Profit & Loss Account in line with IFRS and regulatory standards.
• Generate weekly performance ratios to provide insights on the Bank’s financial health.
• Conduct weekly and monthly bank reconciliations to ensure accuracy of cash and bank balances.
• Prepare and post monthly journals promptly, ensuring proper documentation and authorization.
• Monitor and track expenses to ensure alignment with the approved budget.
• Process PAYE, WHT remittances, and receipts documentation in line with statutory requirements.
• Support disbursement processes and ensure timely settlement of financial obligations.
• Prepare and present monthly management accounts for management review and decision-making.
• Provide support during audits by supplying accurate records and addressing audit queries.
• Raise internal memos for financial approvals and reporting purposes.
• Undertake other finance-related tasks as assigned by the Head, Financial Control.

Qualifications & Experience

• Bachelor’s degree in Accounting, Finance, Economics, or related field.
• Minimum of 3–4 years of relevant experience in financial control, accounting, or audit (preferably in banking or microfinance).
• Professional qualification (ICAN, ACCA, ACA) in view or completed will be an added advantage.
• Strong knowledge of CBN guidelines, NDIC requirements, IFRS, and tax regulations.
• Proficiency in Microsoft Excel, accounting packages, and financial reporting tools.

Benefits

• Salary: N150,000 - N250,000 Monthly. 
• Comprehensive HMO
• Continuous Training and Development
• Leave and Passage allowance
• Opportunities for career growth in a mission-driven institution
• 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.

Application Closing Date: 9th September, 2025.

Method of Application
Interested and qualified candidates should send their CV to: recruitment@bosakmfb.com using the Job Position as the subject of the mail.

Note: Shortlisted candidates will be required to take a Financial Control Test prior to progressing to the virtual interview stage.

3.) Head, Financial Control

Job Location: Ogba, Ikeja - Lagos
Employment Type: Full-time

Job Description

• 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

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.
• 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 and systems, leveraging technology to enhance efficiency and accuracy.

Qualifications & Requirements

• A Bachelor’s degree in Finance, Accounting, Economics, or a related field
• Minimum of 5 years of experience in a financial control or accounting role within the banking or microfinance sector
• ICAN or ACCA certification is compulsory
• Strong understanding of microfinance operations and regulatory compliance
• Proven experience in budgeting, financial reporting, and financial analysis
• Excellent leadership, analytical, and problem-solving skills
• High level of accuracy and attention to detail
• Strong knowledge of GAAP and financial reporting standards
• Proficiency in Microsoft Office Suite and accounting software
• Familiarity with the economics of banking and financial services.

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.

Benefits

• Comprehensive HMO
• Continuous Training and Development
• Leave and Passage allowance
• Opportunities for career growth in a mission-driven institution.

Application Closing Date: 8th September, 2025.

Method of Application
Interested and qualified candidates should send their CV to: recruitment@bosakmfb.com using the Job Position as the subject of the mail.

Note: Shortlisted candidates will be required to take a Financial Control Test prior to progressing to the virtual interview stage.