Experiened Financial Control Officer at Bosak Microfinance Bank Limited

Bosak Microfinance Bank Limited was incorporated in December 2009 with the business objective of providing financial service to micro clients who were excluded from the mainstream financial system. It commenced operations in June 2010 upon obtaining a Unit Microfinance Banking License from the Central Bank of Nigeria. It later obtained a State Microfinance Banking License in 2016. Bosak Microfinance Bank Limited's financial inclusion effort focuses on promoting savings culture, access to credit facilities for income-generation purposes, and reducing vulnerability to risk through micro insurance.

We are recruiting to fill the position below:

Job Title: Experiened Financial Control Officer

Location: Ikeja, Lagos
Employment Type: Full-time

Job Summary

• We are seeking to hire an Experienced Financial Control Officer to strengthen its Finance & Accounts team. 
• This role is best suited for a qualified and experienced female finance professional, as part of our commitment to gender diversity and inclusion. 
• The selected candidate will manage financial operations, ensure regulatory compliance, and provide strategic financial insights to support the bank’s overall goals.
• The successful candidate must demonstrate strong knowledge of accounting principles and financial reporting, with hands-on experience in internal control, reconciliations, and monthly reporting.
  • Strong understanding of accounting principles and finance
  • Excellent analytical skills for interpreting financial data
  • Experience with financial reporting and creating financial statements
  • Attention to detail and accuracy in financial analysis
  • Promptness in Posting of Transactions
  • Income Statement and Balance Sheet Review
  • Weekly/Monthly Bank Reconciliations
  • Preparing General Ledger Reconciliation
  • Monthly Update of Fixed Asset Register
  • Preparing Monthly Journals
  • PAYE/WHT Remittances, Receipts documentation
  • Raising Internal Memos
  • Preparing Monthly Management Account
  • Raising Monthly Journals

Key Responsibilities

• Financial Management: Oversee day-to-day financial operations, including accounts payable/receivable, payroll, budgeting, and financial reporting.
• Budgeting and Forecasting: Develop and manage the annual budget and financial forecasts. Monitor financial performance against budgets and provide variance analysis.
• Financial Reporting: Prepare and present accurate and timely financial reports, including monthly, quarterly, and annual financial statements, in compliance with relevant accounting standards.
• Regulatory Compliance: Ensure compliance with all relevant financial regulations, including Central Bank guidelines, tax laws, and other legal requirements. Prepare reports for regulatory bodies as required.
• Internal Controls: Implement and maintain robust internal controls to safeguard the bank’s assets and ensure the accuracy and reliability of financial information.
• Cash Flow Management: Monitor and manage the bank’s cash flow to ensure liquidity and optimize the use of funds.
• Audit Coordination: Coordinate with external auditors during financial audits, ensuring all necessary documentation and information are provided.
• Financial Analysis: Conduct financial analysis to support decision-making processes. Provide insights on cost control, profitability, and financial performance.
• Team Management: Lead and mentor the finance team, ensuring professional development and the effective execution of financial tasks.
• Collaboration: Work closely with other departments to provide financial insights and support business operations.
• Assist in the development of financial strategies and initiatives.
• Tchnology and Process Improvement: Identify opportunities to improve financial processes and systems, leveraging technology to enhance efficiency and accuracy.

Qualifications & Requirements

• This position is strictly for female candidates
• A Bachelor’s degree in Finance, Accounting, Economics, or a related field
• ICAN or ACCA certification is compulsory
• Minimum of 5 years’ experience in a financial control or accounting role within the banking or microfinance sector
• Strong understanding of microfinance operations and regulatory compliance
• Proven experience in budgeting, financial reporting, and financial analysis
• Excellent leadership, analytical, and problem-solving skills
• High level of accuracy and attention to detail
• Strong knowledge of GAAP and financial reporting standards
• Proficiency in Microsoft Office Suite and accounting software
• Familiarity with the economics of banking and financial services

Why Work with Bosak Microfinance Bank Limited

• If you are passionate about working in an environment where employee development and excellence are valued, Bosak MFB Limited is the right place for you.
• We are committed to fostering a work culture that promotes:
  • Career Growth and Continuous Learning
  • Employee Motivation and Recognition
  • Inclusive and Rewarding Opportunities
• Our Benefits Include:
  • Health Maintenance Organization (HMO)
  • Regular Training & Capacity Building
  • Leave & Passage Allowance
  • Performance-Based Compensation
  • 13th Month Salary.

Application Closing Date
19th May, 2025.

How to Apply
Interested and qualified candidates should send their CVs to: recruitment@bosakmfb.com using the job title as the subject of the mail.

Note: Shortlisted candidates will be required to take a Financial Control Test prior to progressing to the virtual interview stage.