Financial Controller

Job Summary

• The Financial Controller will provide strategic financial leadership and oversee all financial, regulatory, risk management, and compliance functions of the microfinance bank.
• The FC will ensure CBN regulatory compliance, drives digital banking financial operations, manages enterprise-wide risks, optimize capital structure, and delivers accurate financial reporting to support informed decision-making and sustainable business growth.

Responsibilities
Strategic Financial Planning & Leadership:

• Partner with CEO and Board to formulate and execute the bank's financial strategy and digital transformation initiatives
• Develop and implement financial strategies, business plans, and financial models aligned with microfinance industry dynamics
• Lead capital planning, budgeting processes, and financial forecasting
• Drive innStrategic Financial Planning & Leadership
• Partner with CEO and Board to formulate and execute the bank's financial strategy and digital transformation initiatives
• Develop and implement financial strategies, business plans, and financial models aligned with microfinance industry dynamics
• Lead capital planning, budgeting processes, and financial forecasting
• Drive innovation in digital financial services while maintaining prudent financial management.

Regulatory Compliance & CBN Reporting:

• Ensure full compliance with all CBN regulations, circulars, and prudential guidelines for microfinance banks
• Oversee timely submission of all regulatory returns monthly, quarterly, annual prudential returns, FINSCOPE, NDIC, EFCC, FRC filings
• Maintain active liaison with CBN examiners, NDIC, and other regulatory bodies
• Lead preparation for CBN examinations and regulatory audits
• Monitor and implement regulatory updates affecting microfinance operations.

Financial Management & Operations:

• Direct accounting, treasury, financial planning & analysis, taxation, and financial reporting functions
• Oversee preparation of IFRS-compliant audited financial statements
• Manage liquidity position, ensuring compliance with CBN liquidity ratios and capital adequacy requirements
• Monitor loan portfolio quality, provisioning, and NPL management
• Optimize cost-to-income ratio and operational efficiency
• Oversee funds transfer pricing and profitability analysis across products and channels.

Financial Risk Management:

• Develop and implement financial risk management frameworks
• Monitor credit risk, market risk, and liquidity risk from a financial perspective
• Participate in Management Committee meetings and ALCO
• Ensure robust financial controls and fraud prevention mechanisms
• Monitor exposure limits and concentration risks.

Digital Banking Financial Oversight:

• Collaborate with technology leadership on digital infrastructure investments and ROI analysis
• Oversee financial controls embedded in digital platforms and payment systems
• Monitor transaction processing costs and digital channel economics
• Drive automation of financial processes and reporting systems
• Evaluate fintech partnerships from financial viability and cost-benefit perspectives.

Treasury & Funding Management:

• Manage funding strategy including deposits mobilization, borrowings, and capital raises
• Oversee treasury operations and investment of surplus funds in CBN-approved instruments
• Manage relationships with DFIs, impact investors, and funding partners
• Ensure compliance with CBN single obligor limits and exposure limits
• Manage statutory reserve requirements with CBN.

Governance & Board Relations:

• Present financial reports and strategic recommendations to Board of Directors
• Serve on Audit, Risk Management, and Finance & Investment Committees
• Coordinate internal and external audit activities and ensure timely resolution of audit findings
• Drive corporate governance best practices across finance function
• Maintain relationships with external auditors.

Tax Planning & Compliance:

• Develop tax-efficient strategies within Nigerian tax laws
• Ensure timely filing and payment of all taxes CIT, VAT, WHT, PAYE
• Manage relationships with FIRS and State Internal Revenue Services
• Optimize tax position while ensuring full compliance.

Finance Team Leadership:

• Build, develop and mentor high-performing finance team
• Drive succession planning and capacity building within finance function
• Foster culture of accuracy, compliance, and continuous improvement
• Implement training programs to enhance technical and analytical capabilities.

Stakeholder Management:

• Represent the bank to investors, rating agencies, and investment community
• Maintain relationships with commercial banks, DFIs, and funding partners
• Participate in industry associations and microfinance forums
• Manage investor relations and fundraising activities.

Requirements
Academic Qualifications:

• Bachelor's Degree in Accounting, Finance, Economics, Banking & Finance, or related field from a recognized university
• Master's degree in Business Administration MBA - Finance, Accounting, or Finance highly preferred
• Active membership/fellowship of Institute of Chartered Accountants of Nigeria ICAN - ACA/FCA, OR Association of Chartered Certified Accountants ACCA - ACCA/FCCA.

Work Experience:

• 12-15 years of progressive financial management experience
• At least 5-7 years in senior financial leadership roles FC, CFO, Finance Director, Group Financial Controller, or equivalent
• Proven experience in Nigerian banking, microfinance, or financial services sector
• Experience managing CBN regulatory compliance and examinations
• Experience with digital banking or fintech operations advantageous
• Track record in financial inclusion initiatives or development finance preferred.

Highly Desirable:

• Chartered Financial Analyst CFA
• Certification in Risk Management FRM, CIPM
• Certification in Corporate Governance
• Member of Chartered Institute of Bankers of Nigeria CIBN
• Certification in AML/CFT compliance.

Skills and Competencies
Technical Skills:

• Expert knowledge of International Financial Reporting Standards IFRS and Nigerian GAAP
• Deep understanding of CBN prudential guidelines and regulations for microfinance banks
• Advanced financial modelling, analysis, and forecasting capabilities
• Proficiency in risk management frameworks Basel, COSO, ISO 31000
• Strong knowledge of core banking systems and digital banking platforms
• Expertise in treasury management and Asset-Liability Management ALM
• Comprehensive understanding of Nigerian tax laws and regulations
• Knowledge of audit methodologies and internal control frameworks
• Proficiency in financial management software and ERP systems
• Understanding of microfinance operations and development finance principles.

Soft Skills:

• Strategic thinking and business acumen
• Strong leadership and people management capabilities
• Excellent stakeholder management and relationship building
• Outstanding written and oral communication skills
• High emotional intelligence and executive presence
• Problem-solving and analytical thinking.
• Decision-making under pressure and in ambiguous situations
• Change management and digital transformation leadership
• Integrity, ethics, and professional conduct
• Collaboration and cross-functional team leadership
• Attention to detail and accuracy
• Proactive and solution-oriented mindset
• Crisis management capabilities
• Negotiation and influencing skills
• Adaptability and resilience.