Description
Job Description
The Control Officer's key function is monitoring and measuring operational efficiency of the organization by detecting and eliminating fraud and ensuring compliance with the bank's regulations, policies and procedures.
Responsibilities
Daily update and auditing of the ajo collection officers daily.
Carry out strategic and impromptu checks on ajo customers to verify documented information reported by ajo collection officers.
Carry out detailed investigations when discrepancy, cash suppression or fraud is noticed.
Internal control checks and records to safeguard company assets.
Make recommendations regarding facilities, equipment, personnel, procedures and systems to improve operational efficiency.
Ensure compliance with the bankТs policy, procedure and regulations.
Identify areas of financial and administrative strengths and weaknesses and develop best practices.
Develop and implement appropriate operating procedures to ensure compliance with bank and industry policies.
Conduct audit testing of potential risk areas and identify re portable issues.
Monitor and provide advice to management to minimize risk resulting from poor controls.
Daily, weekly and monthly report.
Education and Skills
BSc in Economic, Finance or other related subject
3-4 years of experience in a similar role in a micro-finance bank.
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Job Description
Plan, assess, monitor, and manage the efficient utilization of cash and financial resources in a manner consistent with the agreed procedures and objectives of the bank.
Review and consolidate Bank Reconciliation and Fund Management analysis
Prepare and analyse Cash flow
Review and consolidate Multi-level GL and bank reconciliations
Ensure the maintenance of an adequate level of working capital
Review and consolidate weekly cash flow & liquidity report and provide advice to management on the variances
Carrying out reconciliation of Balance Sheet items such as cash, cash equivalents, investments, debt, for management and reporting purposes
Review other Treasury related monthly Schedules
Financial review of customer accounts, loan computation and other finance information
Processing and preparation of pension, payee and other regulatory and compliance monthly renditions
Analyse and present financial trends, competitor behaviour as they impact on the bank
Work with legal counsel to ensure compliance on regulatory matters
Develops and monitors performance metrics for the investor relations function
Creates presentations, press releases, and other communication materials for earnings releases, industry events, and presentations to analysts, brokers, and investors
Liaison and communication with the regulatory bodies such as the CBN, NDIC, FIRS, LIRS etc
Assess and predict financial risks and returns
Ability to use financial modelling to predict outcomes
Analyze business operations, loan repayments, deposit maturities, business trends, costs, revenues, financial commitments, and obligations to project future revenues and expenses or & to provide advice.
Educational Requirement and Skills
A Bachelor's degree in Business, Finance, or Accounting, ACA, ICAN and MBA.
Very familiar with financial modelling techniques and valuation methods used by analysts and investors
Must be able to perform in a high-pressure environment, and be able to meet tight deadlines
High analytical and excel skill
Proven experience as an accountant in a Micro finance or other financial services industry will be an added advantage.