Company Info
Large organization
200 + Employees
First Bank of Nigeria Limited
Banking
First Bank of Nigeria Limited (FirstBank) holds the distinction of being Nigeria’s largest financial services institution in terms of total assets and gross earnings. Boasting an impressive customer base of over 10 million accounts, FirstBank operates a network of over 750 branches. Through this extensive presence, the bank offers an all-encompassing array of retail and corporate financial services to cater to diverse needs.
1). Analyst, Subsidiaries Monitoring and Reporting
Location: Lagos
JOB OBJECTIVE(S)
Responsible for overseeing the financial related activities of the subsidaries, guiding subsidiaries on key financial decisions, coordinating timely rendition of all Commercial Banking Group internal and regulatory reports, and providing analytical insights into the key drivers of subsidiaries performance. Also responsible for providing oversight for subsidiaries budgetary process driving improvement and ensuring accuracy of subsidiary related information to management and the Board.
- Assist in driving performance of CFOs in the subsidiaries by introducing initiatives to improve visibility and independent reporting centrally in the Group (e.g. MIS dashboards etc.)
- Assist in the timely preparation and rendition of financial reports by subsidiaries for Management reporting purpose.
- Assist in coordinating interim and statutory audit processes of subsidiaries
- Assist in ensuring monthly and quarterly subsidiaries performance review reports are presented to the Management Committee (Manco) and Board of Directors
- Assist in subsidiary budgeting process to ensure standardization of process across the group
- Ensure timely rendition of appropriate statutory reports to regulators
- Assist in coordinating the Group management Committee (GMC) reporting and all necessary reporting to the Board regarding subsidiary performance and insights.
DUTIES & RESPONSIBILITIES
- Assist in ensuring timely rendition of monthly financial reporting returns, in the prescribed format, by commercial banking subsidiaries for group consolidated management reporting.
- Assist in coordinating the preparation and rendition of Monthly Offshore subsidiary reports to the Central Bank of Nigeria (CBN).
- Assist in preparing the statutory interim and final audit processes for all subsidiaries, providing support in follow ups with management of subsidiaries on updates on exceptions items highlighted during the audit exercise.
- Assist in organizing the monthly review session (MRS) with commercial banking subsidiaries, taking minutes capturing all performance enhancement and business improvement initiatives committed to by each subsidiary for tracking and monitoring.
- Assist in the preparation of monthly subsidiary performance review report for Management, highlighting performance against budget, the key drivers of the reported financial performance in the month under review and plans of each subsidiary enhance performance or mitigating factors to ameliorate an expected distortion to operation driven by external factors (Unfavourable macroeconomic/political or regulatory pronouncements),
- Assist in the preparation of quarterly subsidiary performance report for Board of Directors
- Assist in the preparation of the consolidated Group Management Committee (GMC) report for all commercial banking subsidiaries and Representative Office
- Assist in the quarterly Group Management Committee (GMC) sessions, and ensure that all finance related decisions taken by the committee are tracked for appropriate action and monitoring.
- Assist in coordinating quarterly Finance sessions with Chief Financial Officer (CFO) of subsidiaries.
- Assist in subsidiary budgetary process, to ensure standardization across the banking group
- Assist in ensuring compliance with all relevant industry policies and regulations in all jurisdictions of the commercial banking subsidiaries.
JOB REQUIREMENTS
Education
- First Degree in Accounting, Economics or related discipline
- Strong preference for postgraduate degree or other professional qualification
- CFA, ACA, ACCA, CIMA in view a plus
Experience
- Minimum of 3 years working experience in Banking or related Financial Services industry
- 2+ years of proven track record in Financial Analysis, Financial accounting and reporting.
- Planning, organizing and managing people, and demonstrated ability to multitask and work independently with little supervision
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2). Analyst , Corporate Finance and Capital Optimization
Location: Lagos
JOB OBJECTIVE(S)
- Assist in executing the corporate finance activities of FirstBank Group, including mergers & acquisition, capital optimization and investment management. Assist in the cordination of the credit ratings process of the group to ensure the Group’s credit rating is achieved and maintained.
DUTIES & RESPONSIBILITIES
- Promote policies, processes, and guidelines to enhance corporate finance, capital management, ratings and investment activities of FirstBank Group.
- Assist in coordinating all Corporate finance activities for the Bank and subsidiaries, which includes Mergers and Acquisition, Divestment, Capital Raising, restructurings, equity and debt financing
- Assist in selection and shortlisting of transaction and legal advisers for necessary corporate finance transactions.
- Assist in preparing financial models and work with Transaction Advisers in this regard to predict outcomes and make sound decisions.
- Assist in negotiating, structuring and monitoring transaction workplans and ensure all target deadlines are met.
- Assist in contributing to competitive bid proposals and formal presentations and other documents.
- Assist in liaising with all parties, both internal and external, involved in transactions and assist with negotiations..
- Assist to ensure the successful completion of transactions within stipulated deadlines.
- Assist in preparing Request for Proposals (RFPs) for Advisors for Corporate Finance transactions.
- Assist in preparing competitive bid proposals and formal presentations and other documents.
- Assist in preparing Information memorandum, Valuation report and Investor presentations.
- Assist in monitoring Due Diligence (DD) process conducted by the Adviser and assisted by relevant subsidiaries as applicable, providing regular update to management on the process.
- Assist in relevant Regulatory and internal approvals to ensure closure of corporate finance transaction.
- Assist in the end-to-end management of capital across all group entities, including ICAAP.
- Assist in ensuring compliance with the Group Capital Management Framework.
- Assist in executing capital raising of all forms, including Tier I and Tier II.
- Asist in the Bank’s credit rating process to achieve set target credit rating.
- Track performance of corporate finance activities post acquisition to quantify value accretion gained.
- Carry out any assigned roles as mandated by the HOD or HOU..
Education
- First Degree in Accounting, Economics or related discipline
- Strong preference for postgraduate degree or other professional qualification
- CFA, ACA, ACCA, CPA , MBA
Experience
- Minimum of 5 years working experience in corporate finance, investment banking and capital management in Financial Services or related industry
- 2+ years of proven track record in Financial Analysis, Financial accounting and reporting.
Deadline: Aug 25, 2023
How to Apply: Use the links below to apply: