Finance Manager at Personal Trust Microfinance Bank

Job Summary:

• The Finance Manager will oversee the financial operations of the microfinance bank, ensuring that the bank’s financial activities are carried out efficiently and effectively.
• The role involves managing the financial planning, budgeting, and reporting processes, as well as ensuring compliance with regulatory requirements.
• The ideal candidate will have substantial experience in financial management within the banking or financial services sector, with a strong understanding of microfinance operations.

Key Responsibilities:

• Financial Management: Oversee day-to-day financial operations, including accounts payable/receivable, payroll, budgeting, and financial reporting.
• Budgeting and Forecasting: Develop and manage the annual budget and financial forecasts. Monitor financial performance against budgets and provide variance analysis.
• Financial Reporting: Prepare and present accurate and timely financial reports, including monthly, quarterly, and annual financial statements, in compliance with relevant accounting standards.
• Regulatory Compliance: Ensure compliance with all relevant financial regulations, including Central Bank guidelines, tax laws, and other legal requirements. Prepare reports for regulatory bodies as required.
• Internal Controls: Implement and maintain robust internal controls to safeguard the bank’s assets and ensure the accuracy and reliability of financial information.
• Cash Flow Management: Monitor and manage the bank’s cash flow to ensure liquidity and optimize the use of funds.
• Audit Coordination: Coordinate with external auditors during financial audits, ensuring all necessary documentation and information are provided.
• Financial Analysis: Conduct financial analysis to support decision-making processes. Provide insights on cost control, profitability, and financial performance.
• Team Management: Lead and mentor the finance team, ensuring professional development and the effective execution of financial tasks.
• Collaboration: Work closely with other departments to provide financial insights and support business operations. Assist in the development of financial strategies and initiatives.
• Technology and Process Improvement: Identify opportunities to improve financial processes and systems, leveraging technology to enhance efficiency and accuracy.

Qualifications:

• A Bachelor's degree in Finance, Accounting, Economics, or a related field. A professional qualification (e.g., ACCA, ACA, CPA) is an advantage.
• Minimum of 7 years of experience in financial management within the banking or financial services sector.
• Strong understanding of microfinance operations and regulatory requirements.
• Proven experience in budgeting, financial reporting, and financial analysis.
• Excellent leadership and team management skills.
• Strong analytical and problem-solving abilities, with a keen attention to detail.
• Proficiency in financial software and ERP systems.