Internal Controller at Baobab Microfinance Bank

Baobab Microfinance Bank is an investment company whose mission is to create a group of leading microfinance banks and finance companies in at least 15 countries by 2015 that will provide financial services and savings products to entrepreneurs who lack access to the traditional financial sector. Baobab was created in July 2005 by PlaNet Finance, and other investors including International Finance Corporation, AXA Belgium, and Societe Generale, with the European Investment Bank, the French Development Agency and Developing World Markets Joining later.

We are recruiting to fill the position below:

Job Title: Internal Controller

Location: Lagos

Responsibilities

• Plan, organize, and carry out the internal controls function including the preparation of an audit manual and audit plan.
• Ensures regulatory compliance and adherence to established internal control policies and procedures.
• Conduct follow-up reviews of financial, operational, or regulatory compliance deficiencies noted during audits.
• Reviews daily operational activities.
• Implements the anti-fraud campaign and assesses compliance.
• Conducts risk management assessments of all departments.
• Evaluates existing controls, and recommend improvements where deficiencies are identified.
• Conducts investigations of irregularities discovered by or brought to the auditor’s attention.
• Reviews and appraise the soundness, adequacy, and reliability of accounting, data, and reports.
• Verify and maintain internal control checks and records including asset tags to ensure the safeguarding of company assets.
• Supports process improvements in alignment with the internal control framework.
• Stays abreast of changes/updates in regulatory guidelines and implements compliance.
• Prepares monthly regulatory renditions and returns.
• Evaluates the business recovery procedures for operational disruptions.
• Review journal entries, disbursement, and reconciliation.
• Work with stakeholders to ensure that controls are fully embedded in the design of processes and systems.
• Any other responsibility assigned by Management

Qualifications

• Possess a Bachelor of Science in Accounting or Finance or a related field from an accredited university.
• Recognized professional accreditation (ICAN /CFA/ACA /CIMA/ ACCA etc.) is an added advantage
• 4-6 years of Internal control experience in a financial institution or an audit firm

Key Competencies Requirements:

• Experience in writing internal policies and procedures and process evaluation and documentation
• A demonstrated knowledge of internal controls
• Detail-oriented and able to work and interpret figures and other financial information.
• Proficient in the use of the Microsoft Office suite
• Use of financial and accounting software applications
• Proficiency in Corporate Accounting Practice/Standard Auditing Practices along with expertise in budget analysis and identification of variance
• Knowledge of cost accounting, management, and accounting standards
• Knowledge of statutory provisions for tax management & planning
• Conversant with federal and state financial regulation, applicable laws, codes, and regulations.
• Good understanding of the renewable energy and Microlending industry.

Application Closing Date
Not Specified.