Head, Financial Operations at Fedeth Microfinance Bank – TDPel Jobs
FEDETH Microfinance Bank is a prestigious financial institution offering a broad range of financial services to micro, small and medium-sized enterprises, and other clients.
Roles / Responsibilities
Comply fully with the relevant Anti-Money Laundering regulations and report promptly any knowledge or sus picion of money laundering activities to the relevant authority.
Coordinates with internal departments to ensure that daily work meets organisational standards.
Liaises with superior to make decisions for operational activities and set strategic goals
Manage relationships/agreements with external partners/vendors/Bankers
Translates the strategic goals into operational plans to achieve the required targeted growth
Reconcile monthly activity, generating year-end reports, and submitting same to management
Maintains archival and financial administrative files • Manage bank accounts to ensure sufficient liquid funds
Ensure that accounting requests are resolved and communicated in a timely manner to internal and external parties
Daily reconciliation of all internal ledgers to ensure accuracy
Ensures timely resolution of all client’s complaints in line with agreed turnaround time
Keeps records of all company’s fixed assets and ensuring industry standard is maintained
Responds to requests to implement on a timely basis all internal and external audit points together with any issues raised by external regulators.
Understand, manage, and supervise all aspects of cash flow.
Forecast daily cash requirements and execute dailyfinancing decisions.
Manage all aspects of In-house investment portfolios.
Manage long-term and short-term investment strategies.
Determine the Company’s goals and risk tolerance.
Determine the Company’s tax position and the applicability of taxable/non-taxable instruments.
Assess risk/return trade-offs in transactions.
Assess performance benchmarks and recommend changes when warranted.
Review and recommend changes to the investment policies based on the market conditions.
Prepare or monitor the company’s various cash flow forecasts and perform financial modeling.
Evaluate, develop and implement cash management systems to optimize efficiencies.
Understand and manage appropriate accountingprocedures and processes.
Manage relationships with financial service providers.
Conduct benchmark studies of banks and their services to evaluate whether they meet ALC’s requirements.
Evaluate alternative long-term borrowing strategies and make recommendations in accordance with the capital structure guidelines.
Manage, direct, and develop Cash Management staff.
Recommend, implement and maintain process improvements.
Provide technical and other support for mergers and acquisitions and other projects as needed.
Support and participate in the Organization’s Strategic Plan activities.
Adheres to SLAs and communicating appropriately to internal clients.
Ensures that all procedures and controls are fully documented, fit for purpose, appropriately communicated and adhered to.
Ensures procedures are compliant with all relevant regulatory and legal considerations and the team is properly trained to carry out such responsibilities
Understands, follow and demonstrate compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business.
Oversees customer support processes and organize them to enhance customer satisfaction
Bachelor’s Degree / HND and Master’s Degree qualification with 6 – 10 years relevant work experience.
Application Closing Date
28th July, 2021.