Head of Finance at Teerus Microfinance Bank

Job Title: Head of Finance

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 Instructions:

The application deadline is 25th February, 2025. Qualified and interested candidates should send their updated Resume to: [email protected]  using the Job Title as the subject of the email.

Note: Only qualified candidates will be contacted. It is important to visit the official website (link found below) for detailed information on how to apply successfully for this vacancy.