Finance Manager Job in a non-banking financial institution

Fosad Consulting Limited - Our client, a non-banking financial institution is looking to recruit a qualifed candidate who will amongst other things bring innovative and strategic ideas that can drive the company's business.


We are recruiting to fill the position of:

Job Title: Finance Manager

Location: Lagos

Job Description

• The Finance Manager is responsible for the financial administration for the company and its subsidiaries in his/her region.
• Solvency monitoring / Asset cover management.
• Preparation of Valuation data and loan policy data.
• Coordinating the debts and existing creditors of the company
• Managing all money borrowed or owed to the business
• Handle timely and effective collection of all bets and customers payment
• Clients account reconciliation-investigation and answering of queries
• Making recommendation on debt recovery to the management
• Formulation and reviewing of company’s credit policy
• Builds and maintains close links with all customers for smooth business operation
• Preparation of relevant credit control reports to the regulatory authority .e.g. Naicom, NDIC etc.
• The objective is to provide accurate financial information, mitigating financial and legal risks, to support the expansion of the business and to optimise processes and economic performance.
• The Finance manager will carry out monthly reconciliation of Re - Insurance Treaty and Accounting, Reconciliation of production report and Claims reports.
• Carry out accounts payable duties such as cash flow management and weekly report.
• Review and reconciliation of all general ledger accounts on weekly and monthly basis.
• Preparation of statutory audit schedule and monthly management account.
• Execute budgetary control activities.
• Investment portfolio, Statutory, ERM reporting and monitoring in line with NAICOM Filters

• Bachelor's Degree in Banking and Finance, Economics or any related field.
• Professional Certification in Accounting is a must i.e. ICAN.

• A minimum of 10 years’ experience in a Finance Unit of a viable Insurance Industry.
• Experience as a Credit Controller, Hands on experience in regulatory activities including IFRS reporting.

• Excellent Communication skills (English): Spoken and written
• Moderate Analytical Skills
• Moderate IT skills
• Basic Business Writing
• Moderate Negotiation Skills
• Basic Presentation skills