Location: Akute, Ogun
Employment Type: Full-time
Key Responsibilities
Financial Management & Accounting:
- Oversee the day-to-day accounting and financial operations of the organisation.
- Ensure accurate recording, classification, reconciliation, and reporting of all financial transactions.
- Prepare and review monthly, quarterly, and annual financial statements.
- Monitor income, expenditure, cash flow, assets, liabilities, and financial performance.
- Maintain accurate and up-to-date accounting records in accordance with applicable accounting standards.
- Establish and maintain effective financial controls to safeguard company assets.
- Review general ledger accounts, journals, reconciliations, and financial schedules.
- Ensure timely closure of monthly and annual accounts.
Microfinance Banking Operations:
- Manage and monitor financial activities associated with Microfinance Bank operations.
- Maintain a strong understanding of MFB accounting processes, products, lending operations, deposits, interest income, provisions, and portfolio-related accounting.
- Monitor loan portfolio accounting and ensure proper recognition of interest, impairment, provisions, and write-offs where applicable.
- Work closely with Credit, Operations, Risk, and Internal Audit teams to ensure proper financial controls.
- Monitor branch and operational financial performance where applicable.
- Ensure appropriate accounting treatment of MFB transactions and financial instruments.
Regulatory & Statutory Compliance:
- Ensure compliance with applicable Central Bank of Nigeria (CBN) regulatory requirements relevant to Microfinance Banks.
- Coordinate the preparation and submission of required regulatory and financial reports.
- Ensure timely compliance with statutory financial obligations, including applicable tax and other regulatory remittances.
- Liaise with external auditors, regulatory bodies, tax consultants, and other relevant stakeholders when required.
- Keep management informed of relevant changes in accounting, tax, banking, and regulatory requirements.
Budgeting, Forecasting & Financial Planning:
- Develop and monitor annual budgets and financial forecasts.
- Analyse actual performance against approved budgets and provide explanations for significant variances.
- Provide management with financial analysis and insights to support strategic decision-making.
- Develop financial models and reports to support business planning and growth.
- Monitor cost structures and identify opportunities for improved financial efficiency.
Treasury & Cash Management:
- Monitor daily cash positions and liquidity requirements.
- Ensure effective management of cash and bank balances.
- Monitor inflows and outflows and ensure adequate liquidity for operational requirements.
- Review bank reconciliations and investigate outstanding or unusual transactions.
- Maintain appropriate controls over payments, transfers, and financial approvals.
Audit & Internal Controls:
- Coordinate internal and external audit activities relating to the Finance function.
- Ensure audit queries are appropriately addressed and resolved within agreed timelines.
- Strengthen internal financial controls and recommend improvements where necessary.
- Identify financial risks, control weaknesses, irregularities, and potential areas of financial exposure.
- Ensure proper segregation of duties and adherence to approved financial procedures.
Management Reporting:
- Prepare periodic management accounts and financial performance reports.
- Provide accurate financial information and analysis to the Managing Director and Executive Management.
- Develop relevant financial dashboards and management reports.
- Analyse key financial performance indicators and highlight significant trends, risks, and opportunities.
- Support management in making financially informed business decisions.
Team Leadership:
- Lead, supervise, and develop the Finance and Accounts team.
- Set clear performance expectations and ensure timely delivery of finance activities.
- Review staff performance and provide coaching and professional guidance.
- Promote accuracy, accountability, confidentiality, and ethical conduct within the Finance function.
Required Qualifications & Professional Certification
- Bachelor's Degree in Accounting, Finance, Economics, or a related discipline.
- ICAN qualification is mandatory – candidates must be a Chartered Accountant or possess an appropriate ICAN professional qualification/status.
- MFB certification/training is mandatory, with demonstrable professional knowledge of Microfinance Bank operations and regulatory requirements.
- Relevant professional banking or microfinance certifications will be an added advantage.
- Strong knowledge of accounting principles, financial reporting, taxation, internal controls, and regulatory compliance.
Required Experience:
- This position is strictly for candidates with relevant experience in the Banking and/or Microfinance Banking sector.
- Minimum of 5 years' relevant professional experience in Accounting/Finance within a Microfinance Bank or commercial banking environment.
- Previous experience in a Finance Manager, Senior Accountant, Head of Accounts, Financial Controller, or similar senior finance position within an MFB/banking institution is highly desirable.
- Demonstrable experience with MFB financial operations, regulatory reporting, audit, treasury, budgeting, and financial controls.
- Candidates whose experience is exclusively from non-banking industries without relevant MFB/banking experience will not be considered.
- Interested candidates should possess strong professional experience in Microfinance Banking/Banking, hold the required ICAN qualification/certification and MFB-related certification, and demonstrate a solid understanding of financial management within a regulated financial institution.
Key Competencies:
The successful candidate should possess:
- Strong knowledge of Microfinance Banking operations.
- Excellent accounting and financial reporting skills.
- Strong knowledge of CBN/MFB regulatory requirements.
- Financial analysis and interpretation skills.
- Budgeting and financial forecasting capability.
- Strong internal control and audit knowledge.
- Excellent Excel and accounting software skills.
- Strong attention to detail and numerical accuracy.
- Problem-solving and analytical abilities.
- Strong leadership and people-management skills.
- Excellent communication and interpersonal skills.
- High level of integrity, confidentiality, and professional ethics.
- Ability to work under pressure and meet regulatory and reporting deadlines.
Remuneration & Benefits
- The organisation offers a very attractive and competitive remuneration package, commensurate with the candidate's qualifications, professional certification, banking/MFB experience, and demonstrated competence.
The benefits package includes:
- Very Attractive Salary
- HMO (Health Maintenance Organisation)
- 13th Month Salary
- Professional and career development opportunities
- A structured and performance-driven working environment
- Opportunity to work within a growing Microfinance Banking/Financial Services organisation
Application Closing Date
30th September, 2026.
Interested and qualified candidates should send their updated Curriculum Vitae (CV) to: Recruitment@baywoodgrp.com using the Job Title as the subject of the mail.
Note
- Important: Candidates should be able to conveniently commute to and work from the Akute location.
- Only candidates who meet the MFB/Banking experience and professional certification requirements will be considered.
