Financial Controller at Bosak Microfinance Bank Limited

Bosak Microfinance Bank Limited, established in December 2009, is dedicated to offering financial services to micro clients who have historically been excluded from the traditional banking system. The bank commenced operations in June 2010 after receiving a Unit Microfinance Banking License from the Central Bank of Nigeria and later obtained a State Microfinance Banking License in 2016. Our core mission is to promote financial inclusion by encouraging savings culture, facilitating access to credit for income-generating activities, and mitigating risks through micro-insurance.

Strategic Focus

At Bosak Microfinance Bank, our primary strategy is group lending, with a special emphasis on empowering women. We believe in the strength and commitment of women to fight poverty and improve their families’ lives. Over 95% of our lending activities focus on women, making group solidarity and cohesion crucial to our success.

We Are Hiring: Financial Controller

Location: Ikeja, Lagos
Employment Type: Full-time

Job Responsibilities

• Demonstrate a strong understanding of accounting principles and financial management.
• Apply excellent analytical skills to interpret financial data and generate insights.
• Prepare accurate financial reports and statements.
• Ensure attention to detail and accuracy in financial analysis.
• Ensure timely posting of financial transactions.
• Review income statements and balance sheets regularly.
• Perform weekly and monthly bank reconciliations.
• Maintain general ledger reconciliations and fixed asset registers.
• Prepare and record monthly journal entries.
• Oversee PAYE/WHT remittances and document receipts.
• Raise internal memos and manage monthly management accounts.

Key Responsibilities

• Financial Management: Oversee daily financial operations, including accounts payable/receivable, payroll, budgeting, and reporting.
• Budgeting and Forecasting: Develop and manage annual budgets, monitor performance, and provide variance analysis.
• Financial Reporting: Prepare accurate and timely financial statements in compliance with relevant standards.
• Regulatory Compliance: Ensure compliance with financial regulations and prepare reports for regulatory bodies.
• Internal Controls: Implement strong internal controls to safeguard the bank’s assets and ensure data accuracy.
• Cash Flow Management: Monitor and manage liquidity to optimize the use of funds.
• Audit Coordination: Coordinate with external auditors during audits and provide required documentation.
• Financial Analysis: Conduct analyses to support decision-making and provide insights into cost control and profitability.
• Team Management: Lead and mentor the finance team to enhance professional growth and efficiency.
• Collaboration: Work closely with other departments to offer financial insights and support business strategies.
• Technology and Process Improvement: Identify opportunities to streamline financial processes using technology.

Qualifications / Requirements

• A Bachelor’s Degree in Finance, Accounting, Economics, or a related field.
• A minimum of 5 years of banking experience.
• Professional certification in Accounting (ICAN, ACCA, etc.) is mandatory.
• Experience in the banking or microfinance industry is preferred.
• Strong understanding of microfinance operations and regulatory requirements.
• Proven expertise in budgeting, financial reporting, and analysis.
• Excellent leadership and team management skills.
• Strong attention to detail and problem-solving capabilities.
• Knowledge of accounting standards, including GAAP.
• Proficiency in Microsoft Office Suite and accounting software.
• In-depth understanding of banking and financial services business models.

Why Work at Bosak Microfinance Bank?

At Bosak Microfinance Bank, we prioritize employee motivation and reward passion. We offer a dynamic work environment with equal opportunities for growth, enabling you to reach your full potential. Our employee welfare packages and compensation are among the best in the industry.

Employee Benefits

• Health Maintenance Organization (HMO) coverage
• Continuous training and professional development
• Leave and passage allowance

Application Deadline: 7th May, 2025

How to Apply

Interested and qualified candidates should send their CV. Please use the job title “Financial Controller” as the subject of your email.