Available Jobs at First Bank

JOB OBJECTIVE(S)

• Responsible for executing the corporate finance activities of FirstBank Group, including mergers & acquisition, capital optimization and investment management.  
• Coordinate 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.
• Execute inorganic growth plans (M&A, partnerships, etc) of FirstBank Group.
• Prepare the valuation of investments opportunities as well as optimization of same for value accretive purposes.
• Execute the end-to-end management of capital across all group entities, including ICAAP.
• Ensure compliance with the Group Capital Management Framework.
• Execute capital raising of all forms, including Tier I and Tier II.
• Support the actualize the allocation of capital as required to optimize shareholder value.
• Manage the Bank’s portfolio of investments to optimize returns
• Plan the evolution of the Bank’s credit rating.
• Facilitate the Bank’s credit rating process to achieve set target credit rating.
• Facilitate all other corporate finance activities of operating entities in FirstBank Group.
• Coordinate all relevant management, board and regulatory approvals for capital raising corporate finance decisions and investments of the FirstBank Group.
• Track performance of corporate finance activities post acquisition to quantify value accretion gained.
• Provide insight on the financial performance of potential targets and expected value accretion from transactions.
• Recommend optimal transaction structures for corporate finance transactions for the Firstbank Group.
• Track activities required to ensure target rating is obtained once achieved.
• Prepare reports and presentation to engage the Management Committee (MANCO) and Board of Directors on potential targets and transaction opportunities.
• Perform periodic scanning of the industry for corporate finance and investment opportunities.

JOB REQUIREMENTS

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 10 years working experience in corporate finance, investment banking and capital management in Financial Services or related industry.
• 6+ years of proven track record in Financial Analysis, Financial accounting and reporting.

KEY COMPETENCY REQUIREMENTS

• Professional accounting qualification such as CPA, ACCA, ACA, CPA, MBA or its equivalent plus at least 10 years post qualification years’ experience, with relevant / specific banking experience. 
• Broad understanding of banking practice.
• Excellent knowledge of financial analysis and financial accounting.

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DUTIES & RESPONSIBILITIES

Prepare and present periodic reports at least monthly to SBUs/SRF at performance review sessions. Examples of such reports include Balance Sheet Review, Product Analysis, OPEX Analysis, Opportunities & Initiatives, etc.

• Support and participate in the monthly performance review session with SRF Executives, to discuss the monthly
• performance review presentation, issues (including cost apportionment, account remapping etc.)
• Prepare and facilitate monthly/quarterly performance review sessions and hold robust performance dialogues with SBUs and SRFs
• Monitor and analyze income allocated to SBU and ensure the correctness and completeness of performance reports, including costs, revenues, volumes and products.
• Perform monthly balance sheet, income statement variance analysis.
• Provide periodic competitive analysis for business unit
• Participate in budgeting exercise to ensure adequate inputs and sensible assumptions by the SBU and budgeting teams
• Identify and ensure full coverage of all individuals in SBU in scorecard and monthly performance dashboard preparation
• Identify and collate appropriate data for scorecard generation
• Generate and communicate scorecards to all individuals in the SBU
• Drive adoption of issue management via the bank’s Helpdesk platform
• Monitor staff movement, ensure account re-mapping within SBU and correct any errors or irregularities
• Facilitate the resolution of all account mapping related issues and other inter-SBU disputes relating to ownership, income, value-chain, collaboration, cross-sell.
• Educate BM/RMs on performance reports, strategic initiative, including new initiatives, dashboards and other reports
• Assist the Business Partner Leads in resolving conflicts arising from scorecards, MIS, expense control, budget of SRF/SBU’s
• Facilitate enlightenment/training sessions on scorecards and other performance initiatives.
• Facilitate inter-departmental engagements between SBUs and SRFs as may be required to drive business process efficiency or performance improvement
• Identify and implement process effectiveness and efficiency improvement initiatives
• Maintain the Security of all Information entrusted to the staff.

KEY COMPETENCY REQUIREMENTS 

Knowledge

• Knowledge of banking operations, banking services/products, business processes, and performance management principles.
• Knowledge of Process Design and Implementation principles.
• Knowledge of automated financial and accounting reporting, and performance measurement systems.

Skill/Competencies

• Ability to analyze financial and operational data, and prepare performance reports, statements, and financial projections.
• Work requires professional written and verbal communication, and interpersonal skills.
• Ability to motivate teams to produce quality materials within tight timeframes and concurrently manage several projects.
• Ability to work with others and in teams
• Ability to facilitate engagement at middle management level.
• Good problem solving and conflict resolution skills
• Apply strategic thinking to explore and adapt to planning and organizing situations/activities.
• Ability to hold self and others accountable for measurable high-quality, timely and cost-effective results, and accept responsibility for mistakes.

REQUIRED QUALIFICATION

Education

Minimum Education:

• First Degree in Accounting, Finance, Economics, Science or Engineering.
• Master’s Degree/Professional certification in Accounting or Finance.

Experience

Minimum Experience:

• Experience in MIS (Management Information System).
• Proficiency in Microsoft office suite, MS access, SQL, etc.
• Experience in Finance or Accounting.
• 10 years’ industry experience and at least 5 years in a MIS, Finance or accounting role.