Head, Finance Administration & MIS

Job description for the role of Head, Finance, Administration & MIS (Management Information Systems)

The Company - Memento Microfinance Bank Limited

Company type/Sector - Digital Bank/ Financial Services

Reports to The Chief Executive Officer

Location - Lagos, Nigeria

Experience - Minimum of 5 years of relevant experience in financial services

ABOUT THE COMPANY

Memento Microfinance Bank (MMFB) is a Tier 1 Unit microfinance bank licensed by the Central Bank of Nigeria (CBN) and committed to the economic growth and empowerment of Nigerian individuals and small/medium-sized businesses. MMFB is a digital bank, offering products and services that are tailored to meet customers’ needs; cutting across micro-savings, microloans, investments, capacity building, and financial advisory services. MMFB was licensed in 2021.

ROLE SUMMARY

The Head of Finance, Administration & MIS (Management Information Systems) has primary responsibility for the planning, implementation, managing, and running of all the finance activities of the company, including business planning, budgeting, forecasting, and negotiations. The role oversees the Accounting, Information Technology (IT), and Administrative functions, and leads all financial management processes including annual budgeting and planning, monitoring of project expenditure, financial reporting and auditing; maintaining and supervising project accounts, books of account, banking, and financial operations. The candidate should be a responsible leader with an analytical and strategic mind and have a broad knowledge of the business. The person is also directly responsible for overseeing the use and maintenance of the Management Information Systems of the bank.

The ideal candidate for this role will have demonstrated strong leadership skills, and results orientation and be able to interpret the corporate vision into growth strategies and profitable operations.

RESPONSIBILITIES

• Lead, oversee, and manage all areas of the finance, accounting, and treasury departments day-to-day operations to ensure KPIs are achieved; build comprehensive and SMART goals for performance and growth.
• Providing strategic recommendations to the CEO and members of the executive team.
• Work with the IT team to develop and implement new processes and Management Information Systems that increase financial and operational efficiencies.
• Managing the processes for financial forecasting and budgets, and overseeing the preparation of all financial reporting.
• Advising on long-term business and financial planning.
• Keeping proper accounting records and preparing relevant returns relating to the MFB activities.
• Liaising with the MFB’s bankers and ensuring that all bank accounts are properly and regularly reconciled.
• Preparing periodic reports to the CBN.
• Build relationships with professionals such as Solicitors, Accountants, and others whose services would be required from time to time.
• Establishing and developing relations with senior management and external partners and stakeholders.
• Develop, implement, and conduct regular reviews of all Finance Admin and MIS-related procedures.
• Enable a thriving work environment, building and leading a highly motivated and high-performance team.
• Design and implement policies, processes, and standards that align with the overall strategy and targeted culture of the organization.
• Ensure organizational quality through review, update, implementation, and adherence to agreed policies, procedures, and manuals.
• Ensure timely preparations of the annual budget, quarterly budget review, forecasts, and business plans.
• Report on operational performance and suggest improvements.
• Oversee and manage the assets of the organization.
• Provide strategic input and direction for the development of performance targets, including continuous monitoring to ensure the achievement of set targets.
• Facilitate and present periodic business performance review reports to the Board.
• Manage and maintain relationships with the CBN, other regulatory agencies, and strategic stakeholders.
• Evaluate and decide upon key investments in equipment, infrastructure, and talent.
• Any other duties and responsibilities which may be required from time to meet the objectives of MMFB.

QUALIFICATIONS, SKILLS & COMPETENCIES

• A degree in the Sciences/Engineering, Business Administration, Finance, or any other related field. MSc/MBA or relevant certification (e.g. CFA/CPA) is a plus
• Relevant professional qualifications, e.g. ACA, ACCA, CIMA
• Minimum of 5 years senior management experience within the financial services industry
• Must have undergone the Microfinance Certification Programme and obtained a Certificate in Microfinance Banking issued by the Chartered Institute of Bankers of Nigeria (CIBN).
• Experience implementing and/or using a Management Information System within the financial services industry.
• Operates effectively at all levels, especially complex financial data to non-finance staff
• Proven experience of working effectively with non-finance staff and contributing to wider organizational aims outside of the traditional finance remit
• Excellent problem-solving skills; analytical and structured in his/her thinking
• Knowledge of data analytics, reporting and financial planning
• Communication skills – verbal, non-verbal and written
• Self-starter and very organized, with strong attention to detail
• Extremely versatile, dedicated to efficient productivity and able to work efficiently and effectively across multiple teams
• A thorough understanding of microfinance performance metrics/indicators and the ability to interpret and process operations data

We are an equal opportunity employer and value diversity inclusion. We do not discriminate on grounds of colour, race, nationality, religion, age, ethnic origin, disability, gender, marital status, or sexual orientation in our employment practices.