Finance Officer Vacancy at Fedeth Microfinance Bank
Fedeth Microfinance Bank
Abuja, Nigeria
4d ago
source : MyJobNigeria

INTRODUCTION : -

Finance Officer job opportunity is available at Fedeth Microfinance Bank for individuals who possess relevant qualifications.

Job Summary

  • The Finance Officer will undertake all aspects of financial management, including corporate accounting, regulatory and financial reporting, budget, and forecasts preparation.
  • The Finance Officer’s responsibilities will also include tax management and administration, performance management and act as a consultant for senior managers, conducting cost and revenues analyses.
  • DUTIES AND RESPONSIBILITIES : -

    Management Account :

  • Maintains and enforces a documented system of accounting policies and procedures.
  • Oversee the operations of the accounting department, including managing the organizational structure adequate for achieving the department’s goals and objectives.
  • Oversee accounting operations of the company.
  • Create an organizational structure within the accounting department to facilitate the achievement of the department’s short-term goals and long-term objectives.
  • Manage and mentor junior personnel in the accounting department.
  • Transaction :

  • Ensure that accounts payable are paid in a timely manner.
  • Ensure that all reasonable discounts are taken on accounts payable.
  • Ensure that accounts receivable are collected promptly.
  • Ensure that periodic bank reconciliations are completed.
  • Ensure that required debt payments are made on a timely basis.
  • Maintain the chart of accounts and manage GL for accuracy.
  • Management of tax- VAT, WHT, PAYE. Liaise with the company’s tax consultant, auditor, and regulators for efficient tax management.
  • Advise and liaise with Operations on transaction postings to ensure that the correct GL are credited or debited. Maintain an orderly accounting filing system.
  • Maintain a system of controls over accounting transactions.
  • Financial Reporting and Budgeting :

  • Preparation of monthly, quarterly, and annual management account for management and regulators. Issue timely and complete financial statements.
  • Coordinate the preparation of the corporate annual report. Recommend benchmarks against which to measure the performance of company operations.
  • Calculate and issue financial and operating metrics.
  • Manage the production of the annual budget and forecasts.
  • Calculate variances from the budget and report significant issues to management.
  • Provide for a system of management cost reports.
  • Provide financial analyses as needed, in particular for capital investments, pricing decisions, and contract negotiations.
  • Ensure that financial reports comply with current accounting principles and financial reporting standards. Publish complete and timely financial statements to company executives, shareholders, and the board.
  • Account for any budget variances and report significant discrepancies to management.

  • Recommend benchmarks for the measurement of company financial performance goals. Responsible for the filing of quarterly and annual reports with the Securities and Exchange Commission.
  • Compliance :

  • Provide regulatory reports to the compliance department for rendition.
  • Coordinate the provision of information to external auditors for the annual audit.
  • Monitor debt levels and compliance with debt covenants.
  • Comply with local, state, and federal government reporting requirements and tax filings.
  • DESIRED EXPERIENCE & QUALIFICATION : -

  • Candidates should possess a Bachelor’s Degree / HND / Master’s Degree with 6 9 years work experience.
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