Key Responsibilities:
- Financial Reporting:
- Prepare, review, and finalize the organization’s financial statements, including the balance sheet, income statement, cash flow statement, and statement of changes in equity.
- Ensure compliance with accounting principles, financial reporting standards (such as IFRS)and regulatory requirements.
- Preparation of reports required for interim and annual audit exercise.
- Work closely with other departments to gather financial data for the preparation of the financial statement
- Analysis and Reconciliation:
- Conduct variance analysis between actual results and budgeted/forecasted financials.
- Review financial data for accuracy and resolve discrepancies by investigating and reconciling accounts.
- Perform balance sheet reconciliations to ensure accuracy and completeness.
- Regulatory Reporting:
- Generating and Provision of Daily reports such as Liquidity ratio, Loan deposit ratio (LDR) and Cash reserve requirement (CRR).
- Providing the Monthly Fina (detailed analysis of Bank’s Balance Sheet and Profit or Loss Account) report and ensuring prompt submission to CBN.
- Generating and reporting promptly the Daily Fina (Detailed analysis of Bank’s Statement of Financial Position) to CBN Maintain and update financial policies and procedures to ensure consistency and compliance.
- Internal and External Reporting:
- Prepare reports for senior management, investors, and regulatory bodies (e.g., government agencies, stock exchanges, or financial institutions).
- Provide detailed financial reports and analysis to senior leadership to support strategic decision-making.
- Respond to requests from internal stakeholders, auditors, and external parties for financial data and reports.
