Job Title: Head of Finance
Location: Surulere, Lagos
Employment Type: Full-time
About Teerus Microfinance Bank:
Teerus Microfinance Bank is a Newly established tier 1 unit microfinance bank, Located in Surulere, Lagos. As a microfinance bank, we provide financial services to micro, small and medium enterprises both formal and informal, and to underserved individuals who require affordable loans.
Job Summary:
- The Head of Finance will be responsible for overseeing the financial management, strategic planning, and regulatory compliance of Teerus Microfinance Bank.
- The role requires strong leadership in financial reporting, risk management, budgeting, and internal controls to ensure the bank’s financial health and sustainability.
- The ideal candidate will provide strategic financial insights to support decision-making and drive business growth.
Key Responsibilities:
Financial Strategy & Planning:
- Develop and implement financial strategies aligned with the bank’s overall objectives.
- Provide financial insights and recommendations to senior management for informed decision-making.
- Lead financial planning, forecasting, and investment strategies to ensure long-term stability.
Financial Reporting & Analysis:
- Oversee the preparation of accurate and timely financial statements in compliance with regulatory and internal requirements.
- Conduct in-depth financial analysis to track performance, identify trends, and provide insights.
- Ensure the timely submission of monthly, quarterly, and annual financial reports to senior management and regulatory bodies.
Regulatory Compliance & Risk Management:
- Ensure full compliance with financial regulations, including CBN guidelines, IFRS standards, and Nigerian tax laws.
- Liaise with external auditors, tax consultants, and regulatory agencies to facilitate audits and filings.
- Identify financial risks and develop strategies to mitigate them.
Budgeting & Cost Management:
- Oversee the preparation and monitoring of the annual budget to ensure effective financial planning.
- Analyze budget variances and provide recommendations for cost optimization.
- Implement cost-control measures to enhance operational efficiency and profitability.
Internal Controls & Financial Governance:
- Develop and implement robust financial controls and policies to safeguard the bank’s assets.
- Establish procedures to ensure accurate financial reporting and prevent fraud.
- Monitor financial transactions to ensure compliance with internal policies and external regulations.
Leadership & Team Management:
- Lead and mentor the finance team to enhance performance and ensure alignment with the bank’s strategic goals.
- Foster a culture of accountability, transparency, and continuous improvement within the finance department.
- Collaborate with other departments to align financial objectives with operational goals.
Qualifications & Requirements:
- Bachelor’s Degree in Accounting, Finance, Economics, or a related field. A master’s degree is an advantage.
- Professional certification such as ICAN, ACCA, or CFA is required.
- Minimum of 8–15 years of experience in financial management, preferably in the banking or microfinance sector, with at least 3 years in a leadership role.
- Strong knowledge of financial regulations, Nigerian tax laws, and IFRS standards.
- Proven experience in financial reporting, budgeting, and strategic financial planning.
Key Competencies:
- Proficiency in financial management software and banking applications.
- Strong analytical, problem-solving, and decision-making skills.
- Excellent leadership and team management capabilities.
- High attention to detail and accuracy.
- Strong communication and presentation skills
What We Offer
- Opportunity to contribute to a dynamic institution at the forefront of financial inclusion.
- Competitive salary and benefits package.
- Supportive and innovative work environment.
Application Closing Date
25th February, 2025.
Method of Application:
Interested and qualified candidates should send their CVs and a cover letters to: taiwo@coladgray.com using “Application for Head of Finance- Teerus Microfinance Bank ” as the subject of the mail.
Note: We are an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
