United Bank for Africa Plc (UBA) is one of Africa's leading financial institutions, with operations in 19 African countries and 3 global financial centres: London, Paris and New York. From a single country organisation founded in 1949 in Nigeria UBA has grown to become a pan-African provider of financial services with over 11 million customers, through close to 1000 business offices and touch points globally.
We are recruiting to fill the position below:
Job Title: Team Lead, Cost Management & Budgetary Control
Location: Head Office - Lagos, Nigeria
Job Type: Permanent
Job Objectives
- Provision of timely and periodic Cost MIS Reports for business segments across the Group.
- To achieve a relatively low cost to Income ratio for the bank.
- To also support and enhance the efficiency of operations. Feedback reporting on costs to Management, Directorate Heads, Divisional Heads, etc.
Responsibilities
- Develop cost budget guidelines, timelines and templates.
- Work with the directorate heads to cascade approved global budget OPEX and CAPEX budgets.
- Review of extra-budgetary expenditures requests.
- Deployment and execution of strategic cost containment initiatives group-wide.
- Monitoring and reporting on expense/cost lines group-wide.
- Efficient and timely allocation of Head Office costs, through ABC allocation methodology plus a periodic review of allocation parameters in line with changes in key cost drivers of the business before the release of the draft MPR.
- Providing business and MIS support to stakeholders towards the achievement of financial targets set for each SBU.
- Provision of technical support to the GCOC, as well as the preparation of the quarterly reports for EMC and Board Considerations/ Approval.
- Providing automated detailed cost reports by expense type to ALL business and support groups in line with the KPI sets for MPR delivery.
- Management of the cost code system for monitoring and situating expense responsibility.
- Generation/implementation of strategic cost-saving initiatives.
Qualifications
- Bachelor's Degree in any related field.
- Masters’ Degree in a relevant field or relevant professional certification (CFA, ACCA, ACA, ACIB etc.) will be an added advantage.
- 5-8 years experience in finance and cost management in the banking industry.
Candidate's Profile:
- Our ideal candidate must have advanced interpersonal and conflict management skills, in the financial service industry.
- Must have excellent oral and communication skills, excellent listening skills, leadership and motivation, good price negotiation skills and strong analytical Skills
Knowledge & Skills Required:
- Excellent oral and communications skill
- Advanced interpersonal and conflict management skills.
- Excellent listening skill
- Leadership and motivation
- Price negotiation skills
- Strong Analytical Skills
- Cost management
- MS tools
- Best Industry Practice.
What We Expect From You:
- High degree of professional ethics, integrity and responsibility.
- Highly organised, proactive, ability to work independently and take ownership of tasks assigned.
- Team player with the ability to work under pressure and ability to work with a wide variety of people and maintain an excellent business relationship.
- High sense of confidentiality and discreteness.
What You Should Expect From Us:
- Our corporate culture is defined by our core values.
- We do not just train our people to be the best in the job, we also offer encouragement, recognition, and rewards.
- Whatever level you are at in your career, we offer plenty of opportunities and support to build a rewarding career at UBA.
- Here in UBA, our employees are our greatest assets and so we built a recognition and reward system that boosts productivity and enhances staff retention, instituting a culture of meritocracy.
Application Closing Date
19th August, 2022.
https://www.hotnigerianjobs.com/hotjobs/459105/team-lead-cost-management-budgetary-control-at-uni.html