Head of Finance & Treasury

Role Summary The Head of Finance & Treasury will be responsible for overseeing the Bank's financial management, treasury operations, financial reporting, budgeting, management accounts, regulatory reporting, liquidity management, taxation, and financial controls. The role will ensure the accuracy, integrity, and timely availability of financial information while maintaining prudent liquidity management and compliance with applicable regulatory and statutory requirements, including those of the Central Bank of Nigeria (CBN), Nigeria Deposit Insurance Corporation (NDIC), and other relevant authorities. The successful candidate will provide management and the Board with clear financial analysis and insights to support strategic decision-making. The role will also oversee financial planning, monitor the Bank's financial performance, strengthen internal financial controls, and ensure that the Bank's financial resources are effectively managed in line with its business objectives, risk appetite, and regulatory obligations. The position requires a financially astute and commercially aware professional with strong leadership capabilities, high integrity, attention to detail, and the confidence to constructively challenge management where necessary. Key Responsibilities Financial Management & Reporting: Oversee the Bank's accounting and financial management activities. Ensure accurate recording, classification, reconciliation, and reporting of all financial transactions. Lead the preparation of monthly, quarterly, and annual management accounts and financial statements. Review financial statements and management reports to ensure accuracy, completeness, and compliance with applicable accounting standards. Provide management with timely financial analysis, performance reports, and recommendations. Monitor income, expenditure, profitability, operating costs, and overall financial performance. Analyse financial trends and identify areas for cost optimisation and improved financial performance. Ensure appropriate maintenance of financial records, schedules, reconciliations, and supporting documentation. Coordinate year-end financial close processes and support the preparation for external audits. Ensure compliance with applicable International Financial Reporting Standards (IFRS). Treasury & Liquidity Management: Lead the Bank's treasury operations and day-to-day cash management activities. Monitor the Bank's liquidity position and ensure adequate liquidity is maintained to meet operational and regulatory requirements. Develop and maintain effective cash flow forecasting and liquidity management processes. Monitor cash balances, funding requirements, investments, placements, and other treasury positions. Support effective management of the Bank's assets and liabilities. Monitor interest rate, foreign exchange, funding, and other relevant treasury risks, where applicable. Ensure treasury transactions are properly authorised, documented, recorded, and reconciled. Provide management with regular reports on liquidity, cash flow, funding, and treasury positions. Maintain appropriate relationships with banks, financial institutions, and other relevant counterparties. Ensure treasury activities are conducted within approved policies, limits, and risk parameters. Regulatory Reporting & Compliance: Ensure timely and accurate preparation and submission of regulatory returns to the CBN, NDIC, and other applicable regulatory authorities. Maintain a comprehensive regulatory reporting calendar and ensure all reporting deadlines are met. Ensure financial and regulatory reports comply with applicable CBN, NDIC, IFRS, tax, and statutory requirements. Monitor changes in financial regulations and assess their potential impact on the Bank. Coordinate responses to regulatory queries relating to finance and treasury matters. Support regulatory examinations, inspections, and reviews. Ensure appropriate documentation and audit trails are maintained for all regulatory submissions. Work closely with Compliance, Risk, Internal Audit, and other relevant functions to address regulatory and control requirements. Budgeting & Financial Planning: Lead the preparation of the Bank's annual budget in collaboration with business and functional heads. Develop financial forecasts, projections, and financial models to support business planning. Monitor actual performance against approved budgets and investigate significant variances. Provide management with explanations and recommendations relating to budget variances. Support the development of financial plans aligned with the Bank's strategic objectives. Review business proposals and initiatives from a financial perspective. Assess the financial implications, costs, risks, and potential returns of proposed projects and investments. Support management in making informed decisions on resource allocation and expenditure. Management Accounts & Business Performance: Prepare and present regular management accounts and financial performance reports. Develop financial dashboards and management information to support decision-making. Analyse key financial and operational performance indicators. Provide insights into revenue, expenses, profitability, liquidity, and financial efficiency. Identify emerging financial risks and opportunities and escalate material issues to management. Work with business units to improve financial performance and accountability. Provide financial input into strategic planning and business development initiatives. Taxation & Statutory Compliance: Oversee the Bank's tax accounting, planning, reporting, and statutory obligations. Ensure timely and accurate filing of applicable tax returns and payments. Liaise with relevant tax authorities, auditors, and professional advisers as required. Monitor changes in applicable tax legislation and assess their impact on the Bank. Ensure appropriate tax documentation and records are maintained. Support the Bank in managing tax exposures and ensuring compliance with applicable tax requirements. Financial Controls, Risk & Audit: Establish, review, and strengthen financial policies, procedures, and internal controls. Ensure appropriate controls are in place over cash, payments, expenses, reconciliations, and financial reporting. Identify financial control weaknesses and implement corrective measures. Work closely with Internal Audit, Risk, Compliance, and external auditors. Support the resolution of audit findings and ensure agreed corrective actions are implemented. Promote a strong culture of financial accountability and control across the Bank. Ensure appropriate segregation of duties and authorisation controls are maintained. Escalate significant financial, operational, control, or regulatory risks to management. Leadership & Team Management: Lead, supervise, and develop the Finance and Treasury team. Establish clear responsibilities, objectives, and performance expectations for team members. Review team performance and provide coaching, guidance, and professional development support. Ensure the team operates efficiently and maintains high standards of accuracy and professionalism. Build strong working relationships with other departments across the Bank. Promote collaboration between Finance, Treasury, Risk, Compliance, Operations, and other functions. Ensure adequate succession planning and knowledge transfer within the Finance function. Board & Management Support: Prepare financial reports, presentations, and briefing materials for management and Board meetings. Present financial performance, liquidity, budget, and treasury information to senior management and the Board as required. Provide financial insights and recommendations to support strategic and operational decisions. Advise management on financial implications, risks, and opportunities associated with key business decisions. Support the development and review of the Bank's financial strategy and policies. Non-Interest Banking / Islamic Finance: Support the Bank's financial and treasury activities in accordance with applicable non-interest banking principles, where relevant. Demonstrate an understanding of the financial reporting, liquidity management, and treasury considerations applicable to non-interest banking. Work with relevant internal stakeholders to ensure financial processes and reporting are aligned with applicable regulatory and Shariah requirements. Monitor developments in non-interest banking and Islamic finance that may affect the Bank's financial operations. Key Performance Indicators (KPIs) Accuracy and timeliness of monthly, quarterly, and annual financial reporting. Timely and accurate submission of CBN, NDIC, tax, and other regulatory returns. Effectiveness of liquidity and cash flow management. Compliance with approved financial policies, controls, and regulatory requirements. Accuracy of budgeting, forecasting, and variance analysis. Quality and timeliness of management and Board financial reports. Reduction and timely resolution of financial control weaknesses and audit findings. Effective management of treasury operations and financial resources. Accuracy and completeness of financial reconciliations and records. Timely completion of audit and regulatory requirements. Quality of financial analysis and recommendations provided to management. Team performance, development, and effectiveness within the Finance and Treasury function. Requirements Required Qualifications: Bachelor's Degree or HND in Accounting, Finance, Economics, or a related discipline. ACA, ACCA, or an equivalent professional accounting qualification is strongly preferred. A Master's Degree or relevant postgraduate qualification will be an added advantage. Relevant qualifications or certifications in Treasury, Risk Management, Banking, or Financial Management will be an advantage. Experience Requirements: 8 - 12 years of relevant professional experience in finance, accounting, treasury, or financial management. Demonstrated experience working within a bank, Microfinance Bank (MFB), or other regulated financial institution. 3 - 5 years of experience in a finance, treasury, or senior financial management leadership role. Strong experience in financial reporting, management accounts, budgeting, forecasting, and financial controls. Demonstrated experience preparing and submitting CBN, NDIC, and other regulatory returns. Practical knowledge of IFRS and financial reporting requirements. Experience in treasury operations, liquidity management, cash flow forecasting, and financial risk management. Experience working with external and internal auditors and regulatory authorities. Experience using core banking systems and financial management/accounting systems. Strong experience using Microsoft Excel for financial analysis, reporting, forecasting, and data management. Exposure to non-interest banking or Islamic finance will be highly desirable. Required Skills & Competencies: Technical Competencies: Strong financial management and accounting knowledge. Excellent treasury and liquidity management capabilities. Strong understanding of CBN and NDIC regulatory requirements. Strong knowledge of IFRS and financial reporting. Budgeting, forecasting, and financial modelling skills. Strong knowledge of taxation and statutory financial obligations. Financial analysis and management reporting. Strong understanding of internal controls and financial risk management. Proficiency in Microsoft Excel and financial data analysis. Experience with core banking and financial management systems. Strong report preparation and presentation skills. Leadership & Behavioural Competencies: Strong leadership and people management skills. High level of integrity, accountability, and professionalism. Excellent attention to detail and accuracy. Strong analytical and problem-solving abilities. Sound financial and commercial judgement. Ability to work under pressure and meet strict reporting deadlines. Ability to manage multiple priorities effectively. Strong communication and stakeholder management skills. Ability to challenge management constructively and professionally. Strong decision-making and risk-awareness capabilities. Ability to maintain confidentiality when handling sensitive financial information. Proactive approach to identifying financial risks, control gaps, and improvement opportunities. Ideal Candidate Profile: The ideal candidate is a seasoned finance professional with substantial experience in banking, microfinance, or another regulated financial institution. They should have a strong technical foundation in accounting, financial reporting, treasury, liquidity management, regulatory compliance, and financial controls, combined with the leadership capability to manage a high-performing Finance and Treasury function. The candidate should be commercially aware, analytical, detail-oriented, and comfortable working with senior management and the Board. They should be able to translate complex financial information into clear business insights and practical recommendations. The successful candidate must demonstrate strong professional integrity and the confidence to question assumptions, identify financial or regulatory risks, and constructively challenge management decisions where appropriate. Exposure to non-interest banking or Islamic finance will be particularly valuable, especially for candidates with practical knowledge of the financial and treasury considerations within such institutions.