Financial Analyst at a Microfinance Bank - Estrada International Staffing Solutions

Estrada International Staffing Solutions - Our client, a Microfinance Bank, is recruiting suitably qualified candidates to fill the position below:

Job Title: Financial Analyst

Location: Lagos
Employment Type: Full-time

Job Summary

• The Finance Officer will be responsible for managing the financial activities of the Microfinance Bank, including financial reporting, budgeting, and compliance
• The ideal candidate will have a strong background in finance and accounting, excellent analytical skills, and a thorough understanding of microfinance banking operations.

Key Responsibilities
Financial Reporting:

• Prepare and maintain accurate financial statements and reports in compliance with regulatory requirements and internal policies.
• Conduct bank reconciliations and ensure all financial transactions are properly recorded and reconciled.
• Prepare and present financial reports to management and stakeholders, highlighting key financial metrics and performance indicators.

Budgeting and Forecasting:

• Develop and manage the annual budgeting process, including the preparation of budgets, forecasts, and financial projections.
• Monitor budget performance and analyze variances, providing recommendations for corrective actions.

Regulatory Compliance:

• Ensure compliance with all relevant financial regulations, including those set by the Central Bank and other regulatory bodies.
• Prepare and submit regulatory reports and filings in a timely manner.

Treasury Management:

• Manage the bank’s liquidity, cash flow, and investment strategies to ensure optimal financial stability and profitability.
• Oversee treasury operations, including cash management, investments, and financial risk management.

Internal Controls and Audit:

• Implement and maintain robust internal controls to safeguard the bank’s assets and ensure the accuracy of financial records.
• Coordinate with internal and external auditors to facilitate audits and ensure the timely resolution of audit findings.

Financial Analysis:

• Conduct financial analysis to support strategic decision-making, including profitability analysis, cost management, and financial performance evaluation.
• Provide financial insights and recommendations to senior management to drive business growth and operational efficiency.

Qualifications

• Bachelor's Degree in Finance, Accounting, Economics, or related field. Professional certifications (e.g., ACCA, CPA, CFA) are a plus.
• 5 years of experience in finance, accounting, or related roles within the microfinance or banking sector.
• Strong knowledge of financial regulations and compliance requirements for microfinance institutions.
• Proficiency in financial management software and MS Office Suite (Excel, Word, PowerPoint).
• Excellent analytical, problem-solving, and decision-making skills.
• Strong organizational and time management abilities.
• Effective communication and interpersonal skills.

Application Closing Date
21st May, 2024.