Responsibilities

• Responsibilities

  • Full responsibility for budget development, planning & reporting, andliquidity management.
  • Develop and implement the financial strategy of the organization in alignment with business objectives.
  • Prepare accurate and timely financial reports, including balance sheets, income statements, and cash flow statements, in compliance with regulatory requirements and accounting standards.
  • Develop financial policies and procedures for operational efficiency.
  • Conduct in-depth financial analysis to identify trends, risks, and opportunities for improvement and provide insightful recommendations to senior management.
  • Develop and maintain financial statements for future reference.
  • Monitor and manage expenses within the established budget.
  • Lead and mentor the finance team, fostering a high-performance culture.
  • Preparation and submission of CBN and NDIC monthly rendition Returns
  • Remittance of statutory deductions on monthly basis, such as PAYE, WHT, VAT etc.
  • Possess and apply advanced knowledge of International Financial Reporting Standards (IFRS).
  • Preparation and presentation of the Monthly Performance Review (MPR) report and chief driver of the meeting.
  • Communicate financial performance and forecasts; assist in the preparation and review of all monthly and quarterly reports for Board, Shareholders, Regulatory bodies,etc.
  • Preparation of the overall annual budget of the bank, including the assumptions and the ratios.
  • Work with internal and external auditors to facilitate smooth and efficient audit processes.
  • Review and approve all reconciliation and schedules, such as bank statements, schedule of accrued charges etc.
  • Recommend cost-reducing solutions