Manager, Financial & Regulatory Reporting at First Bank of Nigeria Limited

Employment Nigeria 30-Dec-2017 LAGOS , Banking and Finance

First Bank of Nigeria Limited One of Nigeria’s leading financial institution is recruiting to fill the position below:

POSITION : Financial & Regulatory Reporting Manager

Description

The candidate must have demonstrable experience in the preparation of consolidated financial statements, group accounts, regulatory reporting especially SEC, NSE and CBN.

The candidate will also be required to have a sound knowledge of the Nigeria tax laws and administration, strong presentation skills and an advanced appreciation of Ms Office tools.

Exciting career opportunity exit within FBN Holdings Plc for a dynamic, suitably, qualified, focused, energetic, competent and self-motivated individual to join its vibrant team as a Financial & Regulatory Reporting Manager.

The search is targeted mainly at candidates with multi-tasking ability and flexibility to work in a dynamic and ever-evolving environment.

Reporting to the CFO, the ideal candidate must be extremely knowledgeable in financial accounting, group account preparation with a strong understanding of International Financial Reporting Standards (IFRS).

Qualifications

A Bachelor's degree in any discipline (preferably in finance or accounting)
Professional accounting certification (e.g. ACA, ACCA, CPA) will be an added advantage.
8 years’ relevant experience in financial reporting and coordination of audit exercises and reviews.

Responsibilities
Financial Reporting:

Handle all regulatory issues, liaising with regulatory bodies to protect Group’s interest
Conduct analytical review procedures to validate actual results against budget forecast, and understand trends viz-a-viz business activities.
Coordinate the review of statutory accounts for all individual subsidiaries, and ensure that they are adhered to at all times
Monitor compliance with the Group financial reporting instructions and provide timely feedback to Head of Finance
Provide technical guidance and regular updates on changes to International Financial Reporting Standards to all subsidiaries to aid full IFRS compliance by all subsidiaries
Prepare monthly, quarterly, half yearly and year-end IFRS complaint financial reports for the Group.
Coordinate the Corporate Office and Group’s annual audit exercise by appointed external auditors, and any examination or enquiry regulatory authorities
Prepare and coordinate the rendition/filing of returns as required by the NSE, SEC and CBN in line with industry framework
Drive the automation of group reporting instructions, processes and procedures for efficiency and effectiveness
Ensure compliance with all statutory & regulatory requirements.
Ensure compliance with Holdco’s policies, relevant legislation, IFRS, and other best accounting practices

Finance Operations:

GL maintenance, monthly proofs, reconciliation and system control
Coordination of MIS Reports

Tax Management:

Appropriate management, recording and rendering of Payee deductions
Computation and proper recording of WHT and VAT as applicable on dividend, fees, contracts and all transactions to appropriate Inland Revenue Services
Preparation and filling of relevant tax returns to appropriate tax authorities (WHT, VAT,PAYE, CITA)

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Manager, Financial & Regulatory Reporting at First Bank of Nigeria Limited

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