Head of Finance & Account at Crossover Microfinance Bank Limited
Crossover Microfinance Bank was initially formed in 1992 under Pacific Savings and Loans Ltd. The bank was then renamed Crossover Savings and Loans Ltd or Crossover Mortgage Bankers with a new focus and team in 2010.
With new investors and an ever-increasing need for capital in the retail sector, Crossover changed its business model from mortgage to microfinance in 2014 to support micro and small companies. In March 2016, it started doing full-scale microfinance activities.
With a paid-up capital of N450 million, Crossover Microfinance Bank Ltd is appropriately approved by the Central Bank of Nigeria (CBN) and recognized by NDIC. Currently, the bank has a number of locations, with its main office at 38 Kofoworola Crescent, Off Awolowo Way.
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We are recruiting to fill the position below:
Job Title: Head of Finance and Account
Location: Ikeja, Lagos
Employment Type: Full-time
Job Description
- Ensures payment of the bank’s staff salary is done in a timely and accurate manner.
- Manages the accounts payables and accounts receivables in order to ensure complete and accurate records of all transactions
- Develops and manages the execution of the budget for all administrative departments, reviews operating costs, and suggests cost-saving measures.
- Updates and maintains accounting journals, ledgers, and other financial records.
- Ensure accurate and timely preparation of all financial reports/information such as Monthly CBN/ NDIC Returns, Monthly, Quarterly, and Yearly Management Accounts, and Branch and Regional Monthly Profitability Performance Reports.
- Ensures an accurate and timely monthly, quarterly and year-end closure of the bank’s financial records.
- Ensures the accurate and timely processing of all transactions.
- Ensures the monthly and quarterly compliance activities are performed in a timely and accurate manner; i.e. Tax and other regulatory compliance activities.
- Coordinates the annual independent audit of the bank’s accounts, including; preparing financial statements.
- Manages the valuation of the bank’s assets and inventory; i.e. Motor Vehicles, Equipment, and other consumables.
- Supervise finance officers on finance-related tasks e.g. Fixed asset register & monthly amortization and depreciation of assets etc.
- Forecast cash flow positions, related borrowing needs, and funds available for customers.
- Advise management on the liquidity aspects of its short- and long-range planning
- Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements
- Maintain a system of policies and procedures that impose an adequate level of control over treasury activities
- Maintain the integrity of GL
- Maintain banking relationships
- Management of expenditure
- Perform other duties and responsibilities as may be required by the Managing Director.
Requirements
- Candidates should possess an HND / B.Sc / Master’s Degree in relevant fields with 3 – 5 years of relevant work experience.
Application Closing Date
10th January 2023.
Method of Application
Interested and qualified candidates should send their CVs to: recruitment@crossovermb.com using the Job Title as the subject of the mail.