a Commercial Bank - Michael Stevens Consulting Limited |
Michael Stevens Consulting Limited – Our client in the commercial banking sector is recruiting to fill the position below:
Job Title: Chief Financial Officer
Location: Victoria Island, Lagos
Employment Type: Full-time
Job Summary
We seek to hire a well experienced Chief Financial Officer that will be able to head the team, Drive maximum output and operations in the financial department and direct all financial strategy and planning.
Oversee all accounting functions and their accounting practices, budget preparation, financial reporting, tax and audit functions.
Champion cost containment/reduction initiatives and support decision making in his strategic business area.
Work with the Managing Director/CEO on the development and implementation of the strategic vision including fostering and cultivating stakeholder relationships.
Responsibilities
Participate in developing new business, specifically: assist the MD in identifying new funding opportunities and drafting prospective programmatic budgets.
Assist the MD on all strategic matters as they relate to budget development and management, cost benefit analysis and forecasting needs.
Ensure smooth functioning of the Financial Control function.
Provide management with an operating budget whilst ensuring compliance to statutory and legal requirements and monitoring compliance.
Oversee the management and coordination of all fiscal reporting activities for the
organization including: organizational operating income /expense and balance sheet reports; reports to the board and the regulator.
Develop and maintain systems of internal controls to safeguard the financial assets of the
bank.
Oversee the coordination and activities of independent auditors as well as attending Board and Subcommittee meetings;
Enabling for profitable growth and shareholder value creation in a challenging business
environment.
Cost management for the centralized operating expenses areas.
Manage the administration of the bank’s recurrent and capital expenditure budgets.
Drive budget achievement in each strategic business area.
Conduct Monthly Performance Review sessions.
Act as warrior against waste.
Oversee the development and distribution of the annual budget for each business area and ensure that it is strictly adhered to.
KPI:
Budget achievement
Adequacy of content of MIS report to effectively aid decision making
Accuracy and integrity of MIS reports
Zero regulatory infraction
Cost/income ratio
Timeliness of reporting to the corporate center
Requirements
Business graduate from an accredited university with a finance or accounting major
Professional qualification in ACA/ACCA/CFA
MBA in Finance would be an added advantage
Minimum of 10 years post qualification experience in Finance and Performance
Management role within the Financial Services Industry, of which at least 5 years must
Must have been at a senior management level.
Application Closing Date
30th August, 2024.
How to Apply
Interested and qualified candidates should:
Click here to apply online