Financial Controllers (Holdings) at Stanbic IBTC Bank

Stanbic IBTC Bank is a leading African banking group focused on emerging markets globally. It has been a mainstay of South Africa's financial system for 150 years, and now spans 16 countries across the African continent.

Standard Bank is a firm believer in technical innovation, to help us guarantee exceptional client service and leading edge financial solutions. Our growing global success reflects our commitment to the latest solutions, the best people, and a uniquely flexible and vibrant working culture. To help us drive our success into the future, we are looking for resourceful individuals to join our dedicated team at our offices.

We are recruiting to fill the position below:

Job Title: Financial Controller (Holdings)

Job ID: 12822
Location: Nigeria
Division Group: Finance
Position Category: Finance Shared Services
Employment Type: Full Time - Permanent

Division Proposition

• Group Finance is a corporate function that serves the overall Standard Bank group across a variety of accounting disciplines - internal and external reporting, budgeting and planning, tax, technical accounting and investor relations. It also runs the bank’s capital management and regulatory reporting teams and the financial shared services processing centre. Group Finance has its own, dedicated SAP technical support and development team and a new financial systems and process improvement programme team known as Refine.

Position Description

• To ensure the overall integrity and accuracy of the General Ledger as a basis for the preparation of Financial and Management Reporting
• To manage all matters relating to the operation of the following key functions within the finance department: financial reporting, accounts payable, accounts receivable, reconciliations and overall financial discipline.
• Preparation of financial reports for the Company and the Group.

Key responsibilities

• To lead in development setting of the Stanbic IBTC Holdings strategy and objectives
• Being the custodian of the General Ledger, Chart of Accounts, and the central repository for all Financial and Management information for the Company.
• Ensure that transactions are correctly and timeously recorded in the books of accounts.
• Manage the processing, payment and reconciliation of all suppliers.
• Manage all aspects of fixed asset accounting, ensuring that amounts ultimately recorded in the general ledger are correct.
• Perform detailed review and analysis of the Company and Group numbers to confirm the integrity and resilience of reported results.
• Facilitate the design and implementation of reporting systems to provide and communicate quality information.
• Understand the business information needs of Head office information receivers and align this with country management information needs.
• Provide reliable information and reports to SIHL EXCO to enable them to meaningfully direct the Company.
• Formalize finance and accounting processes and procedures (maintenance of the procedures manual).
• Participate in the development of the annual budgeting process.
• Ensure maintenance of and adherence to Group accounting policies and procedures.
• Playing a leading role in coaching and developing his/her team.

Key Performance Measures

• Ensuring that all internal and external reporting requirements are timeously met, including preparation of monthly and quarterly accounts, Group Accounts and Statutory Consolidated Annual Financial Statements
• Ensuring compliance with CBN and SARB reporting regulations
• Monitoring all Balance sheet and Income Statement account movements and ensuring that they reflect the correct balances and all relevant account reconciliations are performed and corrective actions taken timeously.

Required Skills and Qualifications

• Qualifications Tertiary accounting qualification.
• Professional Accounting qualification (e.g. CA, ACCA).
• Postgraduate qualifications in Finance and/or Management.

Experience:

• Minimum of 10 years post qualification experience of which 2 should in a senior role in a financial institution.
• In depth understanding of Nigerian GAAP and International Financial Reporting Standards
• Good understanding of Nigerian Taxation Legislation
• An understanding of CBN regulatory and reporting requirements
• Computer literacy and knowledge of personal computers and software packages such as MS Word, MS Excel, MS PowerPoint, MS Access. Working knowledge of SAP or Equinox is an added advantage.
• Good communication and presentation skills at a senior level
• Strategic planning and management experience
• Experience in change management and has the ability to positively lead change

Required Competencies

• Technical competencies
• An appreciation and a good understanding of macro economics and external factors affecting the business strategies adopted, and market serviced by SIHL.
• Ability to analyze and evaluate data for acceptability and correctness.
• Analytical mind with strong orientation to financial analysis.
• Strong report writing skills.
• Excellent computer skills particularly in MS Word, MS Excel and MS Access, Power Point.

Personal Competencies:

• Ability to work under pressure to meet tight deadlines.
• A person with high integrity.
• Dynamic self-starter with a personal ambition to succeed.
• Good interpersonal skills required in liaising with people at different levels within the bank.
• Willingness to get involved in detail
• Ability and experience in communicating with all levels of management regarding management information needs.
• Good planning and organization skills.

Application Closing Date
21st April, 2015.

How to Apply
Interested and qualified candidates should:
Click here to apply online