Head, Accounts at Prosperity Microfinance Bank Nigeria Limited

Prosperity Microfinance Bank Nigeria Limited (PM Bank) is a Microfinance Bank incorporated in Nigeria with the Corporate Affairs Commission under the provisions of the Companies and Allied Matters Act CAP C20 LFN 2004, licensed to carry on the business of microfinance banking by the Central Bank of Nigeria. It is committed to the economic emancipation and empowerment of the economically active poor and low-income segment of the society. The bank has over the years supported numerous customers through the provision of Micro, Small and Medium Enterprises credit facilities. Our products and services are unique and specifically designed to meet our Customers cutting across micro savings, micro loans, micro insurance, investments, capacity building and financial advisory services.

We are recruiting to fill the position below:

Job Title: Head, Accounts

Location: Benin City, Edo
Employment Type: Full-time

Job Description

• Manage and oversee the daily operations of the accounting department including:
  • Month and end-year process
  • Accounts payable/receivable
  • Cash receipts
  • General ledger
  • Payroll and utilities
  • Treasury, budgeting
  • Cash forecasting
  • Revenue and expenditure variance analysis
  • Capital assets reconciliations
  • Cheque processing
  • Fixed asset activity
  • Debt activity
• Monitor and analyze accounting data and produce financial reports or statements
• Establish and enforce proper accounting methods, policies, and principles
• Coordinate and complete annual audits
• Provide recommendations
• Improve systems and procedures and initiate corrective actions
• Assign projects and direct staff to ensure compliance and accuracy
• Meet financial accounting objectives
• Establish and maintain fiscal files and records to document transactions
• Collate and consolidate trial balance and financial reports
• Prepare comprehensive, proactive and timely financial and management information including tax, cash flow and statutory accounts
• Publish the quarterly CBN returns
• Drive the financial efficiency of the bank
• Develop and own key financial processes including budgeting, internal control, financial accounting and reconciliation
• Ensure the full and prompt implementation of internal and external audit recommendations
• Liaise with the CBN and other regulatory agencies
• Responsible for bank account reconciliations
• Maintain fixed asset register and ensure the documentation of capital expenditure to meet tax and other regulatory requirements
• Liaise with the internal and external auditors.

Education and Experience

• B.Sc. Degree in Accounting or its equivalent
• Qualified member of the Institute of Chartered Accountants (ICAN) - ACA
• Additional qualifications in a business-related field will be an advantage
• Proven work experience as Accounting Manager, Accounting Supervisor or Finance Manager
• Proven knowledge of bookkeeping and accounting principles, practices, standards, laws and regulations.
• Computer skills - MS Office, Excel, Accounting Software, etc.
• High attention to detail and accuracy
• Ability to direct and supervise staff
• A minimum of 8 years post-graduation experience while 5 years must be in the financial service industry
• Evidence that the candidate possesses proven skills and competencies in practical microfinance banking and has undergone the Microfinance Certification programme and obtained a Certificate in Microfinance banking issued by the Chartered Institute of Bankers of Nigeria (CIBN).

Application Closing Date
Not Specified.