JOB SUMMARY
The Head of Financial Control is tasked with maintaining the precision, reliability, and regulatory adherence of financial reporting while establishing and sustaining robust financial control mechanisms. This role also plays a pivotal part in strategic decision-making processes for the Bank. Moreover, the position involves overseeing fund management and other financial operations, ensuring transparency and accessibility of financial data for stakeholders.
The primary responsibilities and key accountabilities for this position include overseeing core operational functions, ensuring alignment with strategic objectives, and leading cross-functional teams to drive performance excellence. This role demands a proven track record of managing high-impact initiatives, fostering collaborative partnerships, and maintaining accountability for achieving key performance indicators. Additionally, the position requires a strong ability to analyze complex data, optimize processes, and implement innovative solutions to enhance efficiency and productivity across the organization.
Compilation of financial statements and related reports is required, ensuring accuracy, compliance with applicable standards, and timely delivery to stakeholders.
Responsibilities include meticulously examining bank reconciliation statements and resolving any outstanding discrepancies to ensure financial accuracy.
Daily reconciliation of transactions posted into the General Ledger is performed to ensure accuracy and completeness of financial records.
Preparation of general ledgers for newly recorded transactions and bank accounts is required.
Ensure the prompt and accurate submission of all statutory returns and reports mandated by regulatory bodies, including the Central Bank of Nigeria (CBN), the Nigeria Deposit Insurance Corporation (FDIC), and the Corporate Affairs Commission (CAC), among others.
Responsible for developing and distributing the annual budget, ensuring accurate allocation of financial resources across departments and projects. This includes monitoring expenditures, identifying variances, and making necessary adjustments to maintain fiscal discipline. Additionally, requires collaboration with leadership to align budgetary decisions with strategic objectives and regulatory compliance.
We are seeking a meticulous professional to oversee expense monitoring and implement robust control measures to ensure financial efficiency and compliance. The ideal candidate will systematically track expenditures, identify cost-saving opportunities, and maintain accurate financial records. Proficiency in expense management software and strong analytical skills are essential, along with the ability to analyze spending patterns and recommend strategic adjustments. Responsibilities include preparing detailed expense reports, collaborating with stakeholders to optimize budget allocations, and ensuring adherence to company financial policies. A proactive approach to identifying discrepancies and mitigating financial risks is required, along with excellent attention to detail and the capacity to communicate findings clearly.
Effectively collaborating with regulatory authorities and governmental organizations, including the Central Bank of Nigeria (CBN), Nigeria Deposit Insurance Corporation (FDIC), Lagos State Internal Revenue Service (LIES), Federal Inland Revenue Service (FIRS), and similar entities.
Collaborate with the compensation officer, internal control team, and external auditors to ensure accurate and timely reporting and compliance with regulatory standards.
Facilitating communication with financial institutions regarding banking matters.
Attends a range of meetings, including management gatherings, credit evaluations, and other key discussions to ensure comprehensive participation and decision-making support.
Conduct credit appraisal evaluations and participate in multifaceted meetings to address general business purposes.
Depreciation and amortization calculations are performed to systematically allocate the cost of tangible and intangible assets over their useful lives.
The responsible individual will be tasked with compiling salary journals and ensuring their accurate posting to the general ledger. This role involves meticulous data entry and verification to maintain financial records in accordance with established accounting standards.
Reconciliation of bank books and records involves verifying prepayments, sundry creditors, sundry customers, and unpaid salaries to ensure accuracy and consistency.
Responsible for maintaining and updating the fixed assets register and schedule.
Responsibilities may also encompass additional tasks as determined by the Managing Director.
QUALIFICATIONS, EXPERIENCE, SKILLS, AND COMPETENCIES:
Candidates must possess a Bachelor’s degree in a relevant field or equivalent professional experience, with a proven track record in [specific industry or role]. Proficient in [key software/tools], strong analytical and problem-solving abilities are essential. Exceptional communication and teamwork skills are required, along with the capacity to manage multiple priorities in a fast-paced environment. Prior experience in [specific area] and familiarity with [relevant regulations/standards] are highly desirable. Leadership potential, adaptability, and a commitment to continuous learning are key attributes for success in this role.
A bachelor’s degree in Accounting, Accountancy, or Finance—equivalent to an HND—or a related field is required; possession of a master’s degree will be considered an additional benefit.
Professional membership in a recognized accounting body is mandatory, specifically the ACA or ARCA, along with affiliation with the MCB.
10 to 15 years of professional experience within the financial industry, with a strong preference for roles in Microfinance or Commercial Banking.
Polished written and oral communication abilities are essential for this role.
Demonstrates a strong ability to collaborate effectively within a team environment, fostering open communication and mutual support to achieve collective goals.
We seek a skilled professional to lead our Financial Intelligence initiatives, leveraging advanced analytical techniques to detect and mitigate financial crimes. The role involves collecting, analyzing, and interpreting complex financial data to identify suspicious patterns, transactions, and behaviors that may indicate illicit activities such as money laundering, fraud, or terrorist financing. Candidates must possess a strong background in finance, accounting, or a related discipline, along with proficiency in financial crime prevention frameworks and regulatory compliance standards. Experience with data analytics tools, transaction monitoring systems, and investigative methodologies is essential. Additionally, the ideal candidate will demonstrate expertise in risk assessment, due diligence processes, and the development of intelligence reports to support strategic decision-making and regulatory reporting. Excellent communication skills are required to collaborate with cross-functional teams, stakeholders, and regulatory bodies.
The incumbent is tasked with creating accurate and timely reports to support decision-making processes, ensuring all data is meticulously compiled and presented in a clear, concise manner. Responsibilities include gathering relevant information from various sources, analyzing trends, and generating detailed reports that meet organizational standards. Proficiency in data management tools, strong attention to detail, and the ability to work under tight deadlines are essential requirements for this role. Additionally, the position demands excellent communication skills to convey complex information effectively to stakeholders at all levels.
Experienced financial professionals are sought to make critical financial judgments, ensuring optimal resource allocation while adhering to organizational goals and regulatory standards. The role demands expertise in financial analysis, forecasting, and risk assessment to support strategic initiatives and enhance profitability. Candidates must possess strong analytical skills, proficiency in financial modeling, and a deep understanding of market trends to evaluate investment opportunities effectively. Additionally, collaboration with cross-functional teams and stakeholders is essential to align financial decisions with broader business objectives.
Statutory reporting encompasses the preparation and submission of legally mandated financial disclosures as required by regulatory bodies. This process ensures compliance with applicable accounting standards and statutory obligations, including the accurate compilation of annual accounts, tax returns, and other mandatory filings. Professionals involved in this function must possess a strong understanding of financial regulations, meticulous attention to detail, and proficiency in relevant accounting software. Additionally, they are responsible for maintaining thorough documentation, conducting necessary reconciliations, and adhering to strict deadlines to avoid penalties or legal repercussions.
Overseeing financial operations, this role entails preparing comprehensive financial reports, analyzing financial data, and ensuring compliance with accounting standards and regulations. The position requires proficiency in accounting software, strong analytical and problem-solving skills, and meticulous attention to detail. Key responsibilities include budgeting, forecasting, variance analysis, and providing strategic recommendations to senior management. A bachelor’s degree in accounting, finance, or a related field is essential, along with relevant certifications such as CPA or CMA preferred. Prior experience in management accounting or a similar role is highly valued, with a focus on delivering accurate financial insights to support decision-making processes.
Proficient in utilizing Microsoft Office Suite applications, including Word, Excel, and Outlook, among others.
Experienced professionals are sought to guide teams toward achieving organizational objectives through strategic direction and collaborative efforts. Your role will involve fostering a high-performing culture, empowering team members, and ensuring alignment with company goals. Responsibilities include mentoring staff, resolving conflicts, and driving innovation while maintaining accountability for results. Ideal candidates will possess strong communication skills, emotional intelligence, and a proven ability to inspire and motivate others. Bachelor’s degree in a relevant field and at least five years of progressive leadership experience are required.
Demonstrates strong analytical thinking, systematically evaluating information to identify patterns, draw conclusions, and solve complex problems efficiently. Requires a logical approach to dissecting data, assessing risks, and developing actionable insights to inform strategic decisions. Must possess the ability to interpret diverse datasets, recognize underlying connections, and prioritize key factors to optimize outcomes.
Meticulous attention to detail is a fundamental requirement for this role, ensuring accuracy and precision in all tasks undertaken. Candidates must possess the ability to carefully review and verify information, identifying discrepancies or errors with a keen eye. This position demands a high level of concentration and a systematic approach to problem-solving, as even minor oversights can have significant consequences. Strong organizational skills and a commitment to maintaining high standards are essential to meet the demands of this position effectively.
Disseminating information effectively both internally and externally constitutes a fundamental aspect of this role, requiring clear articulation of ideas, active listening, and prompt responsiveness to inquiries. Proficiency in conveying complex concepts in accessible terms is essential, as is the ability to adapt communication styles to diverse audiences. Strong interpersonal skills facilitate collaboration, ensuring alignment across teams and stakeholders. Additionally, maintaining professional correspondence through written and verbal channels remains a critical duty.
Team Spirit
Interested and eligible applicants are encouraged to send their curriculum vitae to recruitment@moneyfieldmfb.com, with the job title included in the email subject line.
Qualifications
BA/BSc/HND , Professional Certificate
Experience Required
10 - 15 years
