Job Offers at Personal Trust Microfinance Bank

Job Summary:

• The Chief Financial Officer (CFO) will be a key member of the executive team, responsible for overseeing the financial operations of the microfinance bank. The CFO will lead the finance department in developing and implementing financial strategies, managing financial risks, and ensuring compliance with regulatory requirements.
• The ideal candidate will have extensive experience in financial management, and financial reporting within the banking or financial services sector, with a strong understanding of microfinance operations.

Key Responsibilities:

• Financial Strategy Development: Develop and execute the financial strategy of the microfinance bank in alignment with the overall business goals.
• Financial Planning and Analysis: Oversee the preparation of financial forecasts, budgets, and long-term financial plans. Conduct financial analysis to support decision-making processes.
• Financial Reporting: Ensure accurate and timely financial reporting, including monthly, quarterly, and annual financial statements in compliance with relevant accounting standards and regulatory requirements.
• Risk Management: Identify, assess, and manage financial risks. Implement and monitor internal controls to safeguard the bank’s assets and ensure the integrity of financial information.
• Regulatory Compliance: Ensure compliance with all relevant financial regulations, including Central Bank guidelines, tax laws, and other legal requirements. Liaise with regulatory bodies as needed.
• Treasury/Capital Management: Manage the bank’s capital structure and Treasury function. Optimize the bank’s capital allocation to support growth objectives.
• Team Leadership: Lead and mentor the finance team, fostering a culture of high performance and continuous improvement. Provide guidance and support to other departments on financial matters.
• Stakeholder Engagement: Act as a key point of contact for external stakeholders, including investors, auditors, and regulators. Build and maintain strong relationships with these stakeholders.
• Strategic Partnerships: Collaborate with the MD/CEO, Group CFO, and other executives to identify and evaluate strategic partnerships that align with the bank’s growth objectives.
• Technology and Innovation: Leverage technology to improve financial processes, enhance reporting accuracy, and support data-driven decision-making.

Qualifications:

• A Bachelor's degree in Finance or Accounting. A Master’s degree or professional qualification (e.g., ACCA, ACA, CPA) is highly preferred.
• Minimum of 10 years of experience in financial management within the banking or financial services sector, with at least 5 years in a senior leadership role.
• Strong knowledge of microfinance operations and regulatory requirements.
• Proven track record in financial strategy development and execution.
• Excellent leadership, communication, and interpersonal skills.
• Strong analytical and problem-solving abilities, with a keen attention to detail.
• Proficiency in financial software and ERP systems.

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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.