Job Description
The Financial Controller is responsible for overseeing the financial management, reporting, and control functions of the bank, ensuring accuracy, transparency, and full compliance with regulatory and statutory requirements.
The role reports to the Managing Director and plays a critical part in maintaining the financial integrity of the institution while supporting strategic decision-making.
The successful candidate will manage all accounting operations, including financial reporting, general ledger management, and bank reconciliations, ensuring that all financial records are accurate, complete, and up to date at all times.
He or she will be responsible for preparing timely monthly, quarterly, and annual financial statements in line with applicable accounting standards and regulatory guidelines, while also ensuring that discrepancies are promptly identified, investigated, and resolved.
Responsibilities
A key responsibility of the Financial Controller is to oversee and perform detailed bank reconciliations across all accounts, ensuring that all transactions are properly captured and matched, and that any outstanding items are resolved within acceptable timelines.
The candidate must demonstrate a high level of accuracy and attention to detail in reconciling financial data and maintaining audit-ready records.
The role requires in-depth knowledge of regulatory returns applicable to microfinance banks, and the candidate will be responsible for preparing and submitting accurate and timely returns to regulatory bodies, including the Central Bank of Nigeria and other relevant authorities.
He or she must ensure full compliance with all reporting requirements, proactively track changes in regulations, and implement necessary updates to reporting processes and templates.
The Financial Controller will also be responsible for ensuring effective use and management of the bank's core banking system, with a strong requirement for expertise in BankOne core banking software.
He or she will oversee financial data extraction, validation, and reporting from the system, ensure data integrity, and collaborate with IT and operations teams to resolve system-related issues and improve reporting efficiency.
In addition, the candidate will establish and maintain strong internal controls to safeguard the bank's assets, prevent fraud, and ensure compliance with internal policies and procedures.
He or she will coordinate internal and external audits, provide necessary documentation, and implement audit recommendations to strengthen financial processes and controls.
The Financial Controller will supervise the finance and accounts team, providing leadership, guidance, and capacity building to ensure high performance and adherence to best practices.
The role requires the ability to manage multiple priorities, meet tight reporting deadlines, and maintain a high standard of professionalism and integrity.