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Thursday, September 12, 2019

Latest Job Vacancies at a Microfinance Bank - Peridot Forte Solutions Consulting Limited 2019


  • Latest Jobs at a Microfinance Bank - Peridot Forte Solutions Consulting Limited

  • Peridot Forte Solutions Consulting Limited - Our client in the Microfinance Bank industry requires the services of a suitably qualified candidate to fill the position below:
  • Contents

    • Open Jobs
      1. Managing Director
      2. Head, Internal Control
      3. Financial Controller
    • Method of Application

    Managing Director


    • Job TypeFull Time  
    • QualificationBA/BSc/HND  
    • Experience8 - 12 years
    • LocationLagos
    • Job FieldAdministration / Secretarial  
     

    Responsibility and Expectations
    • Business Growth
    • Profitability
    • Compliance
    • Brand Development and Visibility
    • Market Share
    • National Presence
    Requirements
    • 8 - 12 years experience; the past 5 years in management position in Microfinance Bank.
    • Team player, ability to meet deadlines, goal and result oriented
    • Demonstrate evidence of growing balance sheet size of an organization, marketing exploits and target driven
    • A strategic outlook
    • Ability to evolve strategies for improved turnover
    • Strong presentation, negotiation and computer skills
    • Proven ability to build positive relationships with a wide range of internal and external stakeholders
    • An inclusive management style that encourages professional growth and development of staff while demanding a high level of individual and organizational goal achievement
    • Exhibit strong understanding of the market, industry and interface with regulators, banks and other financial institutions, investment, business, industry executives and executives of other influential bodies on a regular basis in order to increase the standing of the bank with those bodies and improve business effectiveness.
    • Ability to relate with Board of Directors and prepare memos for board approval and engender cordial relationship with the board to achieve corporate goal.

    Head, Internal Control


     
    Job Summary
    • Compliance, Internal Controls and Risk Management
    Responsibilities
    • Ensure regular reconciliation of bank statements
    • Ensure proper documentation, recording and tagging of the company’s fixed assets.
    • Liaise with external auditors
    • Ensure proper proofing and recommendation of general ledger accounts
    • Makes financial control-related recommendations on specific major projects or plans.
    • Ensure prompt rendition of returns to the MD and board of Directors
    • Ensure that credit facilities to any customers or group of customers are in line with the regulatory guidelines; clearly defined internal policies and debt service capability.
    • Monitoring of conditions subsequent to draw down for timely detection of documentation deficiencies.
    • Ensure that all credits have been approved in accordance with the credit policy.
    • Ensure that all pre-disbursement conditions have been met.
    • Ensure that all collateral documents are properly kept and perfection carried out.
    • Review approved credit for quality, performance and compliance with approved terms & condition in the credit policy. Ensure all credit are approved in accordance with the credit policy and any regulatory guidelines. prompt escalation of any deficiencies noted
    • Carry out spot checks on loan customers to verify due diligence done prior to draw down
    • Identify all non performing accounts and pursue workout strategies in collaboration with loan officers
    • Ensure that limits are monitored.
    • Ensure that income, fees, maturing repayment & other charges are captured.
    • Detect and escalate un-authorized credits.
    • Ensure policy driven credit related sanction are captured on the software, e.g. late payment penalties and enforced by loan officers
    • Prepare regular report for management on portfolio quality etc. as required
    • Identification of warning signals and flagging likely problems before they crystallise
    • Review regularly officer cash collection records versus system balances
    • Enforce the company’s clear desk policy
    • Identification of deteriorating accounts for prudential classification and transfer to credit recovery
    • Ensure that limits are monitored
    • Ensure that income, fees, maturing repayment & other charges are captured.
    • Detection and escalation of un-authorized credit.
    • Implementation of policy driven credit related sanctions.
    • Preparation of exception report as required.
    • Identification of warning signals and flagging likely problem before they crystallise.
    • Custody and maintenance of credit files.
    • Ensure that a review of the portfolio is carried out on a quarterly basis
    • Ensure that a rapid review of the company’s portfolio is carried out, in the event of material adverse changes, affecting the operating environment.
    • Ensure that appropriate recommendations are implemented such that the desired level of credit quality and performance are attained and sustained.
    • Take necessary measure to ensure adequate quality assurance in operation i.e. call over. General ledger proofing/ reconciliation, integrity test, departmental control etc.
    • Ensure all interest earning are correctly accrued and amortised monthly.
    • Ensure proper verification of expenses before processing and disbursement of funds.
    • Track bank deposits and payments
    Requirements
    •  5 - 9 years experience in Microfinance Bank.

    Financial Controller


     
    Responsibilities
    • Oversee proper maintenance of the bank’s books of accounts and finances
    • Co-ordinates the preparation of regulatory and statutory returns
    • Ensures timely preparation of the company’s financial and management reports
    • Performance management
    • Reviews the company’s cost structure and position, and makes appropriate cost reduction/management recommendations.
    • Collaborate with relevant units to deliver the bank’s budget planning, reporting and management processes.
    Requirements
    • 5 - 9 years experience in Microfinance Bank.

    Method of Application
    Interested and qualified candidates should send their CV to: peridotforte@gmail.com using the Job Title as the subject of the mail.

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