Deputy Chief Financial Officer (DCFO) at Baobab Microfinance Bank – Wealthy Place Consults

Wealthy Place Consults – Our client, Baobab Microfinance Bank, is recruiting to fill the position below:

Job Title: Deputy Chief Financial Officer (DCFO)

Location: Yaba, Lagos

Employment Type: Full Time

Reporting to: Direct reporting to the CF

Main Duties and Responsibilities

• Review and analyze monthly financial performance of the Bank with respect to profits, trends, costs, and compliance with budgets and provide insight and recommendations for both short-term and long-term growth plans of the Bank.
• Liaise with regulatory/supervisory bodies on behalf of the bank as well as multilateral agencies.
• Liaise with institutional investors – local and international, rating agencies and analysts.
• Prepare and present the quarterly financial performance report of the Bank with detailed analysis and peer review to the Board Audit and Finance Committee, Board of Directors, and the Group.
• Oversee preparation of monthly, quarterly, and annual financial statements to the Management, Board, and the Group.
• Oversee preparation of monthly, quarterly forecast (F3+9, F6+6, F9+3), and annual budgets.
• Collaborate with other departments and teams to stay in line with budgeting, and drive business outcomes and strategy.
• Review and innovate financial models for cost management and revenue generation.
• Review all month-end closing activities including general ledger accounts, balance sheet accounts, and overhead costs.
• Any other responsibilities that may be assigned by the supervisor.

Qualifications

• The ideal person must possess a minimum qualification of a good first degree and a postgraduate qualification (MBA, MSc).
• He/She must possess a relevant professional certification of ACA, ACCA.
• He/She must possess a minimum of ten (10) years of post-qualification experience spanning Financial Account & Reporting, Finance, Budgeting, Cost Control, Bank Reconciliation, Tax Planning and Management roles; five (5) of these must have been in senior management positions.
• Must have experience in managing Account department functioning either as Head of Account, Financial Controller, Chief Financial Officer of a medium to large-sized finance Unit of Microfinance Bank or a Commercial Bank.
• Must have experience in coordinating external audit/financial activities with one of the top 4 audit firms (PwC, KPMG, Deloitte, EY).
• At least three (3) years of senior-level experience in the finance department of a financial institution.

Technical Competence:

• He/She must be trained and proficient in the use of all basic and several advanced Microsoft Office applications, Banking and Accounting software including:
• Microsoft Advance Excel, Word, PowerPoint, and Access.
• Globus Temenos T24 Banking Application
• Sage Pastel and Sage X3 Accounting Package
• Financial analysis and modeling tools
• Indept knowledge of IFRS and FRCN Rules.

Application Closing Date
20th September, 2024.

How to Apply
Interested and qualified candidates should send their Applications to: [email protected] cc: [email protected] using the Job Title as the subject of the mail.