Current Recruitment In A Leading Financial Institution

Covantage BPO Limited - Our client a leading Finance house with focus in Funds Management, LPO Financing, Invoice Discounting, Factoring, Retail Lending and Leasing/Hire Purchase is recruiting to fill the position below:     Job Title: Internal Control/Compliance Officer Location: Lagos Job Description

• This role is responsible ensure the efficient and effective working of its operation, financial reporting and complying to all applicable rules and regulations

• Reviewing Internal Control Documents i.e. request forms, vouchers (payment and journals), receipts, ensuring that proper procedures with regards to authorization, approval, completeness, accuracy, validity of transactions are upheld maintained by the Company
• Reviewing Invoice Processing, Accruals and Statutory Deductions
• Reviewing of Payments
• Investigation of all cases of thefts, frauds, anomalies, misappropriation, embezzlement, losses and allegations observed in the course of and or referred to the unit
• Reviewing of all Statutory deductions and remittances
• Reviewing of Cash Management
• Reviewing of Debtors & Creditors General Ledger Accounts.

• Candidates should possess relevant qualifications
• 3-5 year’s relevant experience in the Financial services industry.
• Professional qualification ICAN or ACA is required.

• This role is responsible for handling the administrative procedures and processes for the MD’s Office, usually acting as the administrative liaison with internal and/or external sources.

• Provides necessary assistance to the MD in the formulation and execution of Company's Vision, short and long term objectives, plans, and policies.
• Provides input to the identification of business, regulatory, operational and performance risks, and the resolution of attendant issues
• Reviews business and project plans, activity status reports and financial statements to determine progress towards attaining objectives; suggests revisions and required alignments to Company goals & plans based on current business realities and conditions.
• Performs various forms of business, financial and technical analysis; compiles reports providing critical information to the MD and other key leaders for decision making.
• Develops communication material (e.g. presentations and research papers) at the MD request and may deliver same on his/her behalf.
• Schedules and coordinates important meetings/events on behalf of the MD
• Performs other assigned duties as delegated by the MD from time to time.

• 3-5 years relevant experience in the Financial services industry.

• This role is responsible for developing and implementing growth strategies for the achievement of revenue goals. Also required to acquire new clients and grow business with existing clients.

• Source for new clients and deliver commercial revenue budget
• Preparing proposals to clients
• Support market research, competitor and customer surveys and generate ideas for New Product Development
• Ensuring that the clients are kept regularly informed with updates to orders and delivery of requested product
• Managing existing customer accounts, maintaining good customer relationship and increasing customer share
• Liaising with operations to ensure successful and timely delivery of product
• Ensure that all business and financial terms are agreed with the customer, documented and appropriately executed/signed-off.

• Years of Experience required: 3-5 year’s relevant experience in the Financial services industry.

• This role is responsible for the entire credit granting process, including the consistent application of a credit policy, periodic credit reviews of existing customers, and the assessment of the creditworthiness of potential customers, with the goal of optimizing the mix of company sales and bad debt losses.

• Manage loan and investment processing and documentation
• Advise businesses and work with clients to determine viability of credit request
• Oversee credit analysis memorandum for all clients
• Oversee preparation of portfolio management report
• Manage loan recovery and customer follow up
• Review offer letters for approved loan facility
• Manage the team of credit and loan officers

• 5-7 year's relevant experience in the Financial services industry.
• Candidates should possess relevant qualifications

• This role is responsible for responsible for financial reporting, analysis, budgeting and forecasting.
• Also required to for prepare financial statements while maintaining compliance with state and federal government regulations.

• Maintain Financial records
• Prepare Weekly, monthly and other periodic management reports
• Support with treasury, cash and working capital management
• Perform Bank Reconciliations
• Maintain the ledgers on the software to ensure integrity
• Make statutory payments as and at when due
• Proper and secure handling of all instruments
• Prepare budgets and monitor budget performance

• 3-5 year's relevant experience in the Financial services industry.
• Minimum of HND/B.Sc in Finance, Economics, Accounting or related course. Professional qualification ICAN or ACA.

• This role is responsible for planning and directing the organisation's long term goals as well as driving the business and marketing strategy. The role must also have some experience in Financial/Corporate planning

• Perform market analyses and assessment of opportunities for the organisation as well as attractiveness to the overall strategic direction
• Develop short and long term business strategy for the growth of the business
• Develop, implement and sustain a deliberate program to develop the business and capacity building for growth
• Supervise market research, competitor and customer surveys and generate ideas for New Product Development
• Develop ideas and create offers for direct marketing to major accounts, and sectors in the economy
• Develop corporate planning and policy that will drive the marketing and business development efforts
• Maintain and develop existing and new customers through planned individual account support
• Ensure achievement of set targets on revenue generation and collection
• Monitor and report on activities and provide relevant management information

• 7 years + experience in Business Strategy and Planning the Financial services industry.
• Should possess minimum of B.Sc in any discipline.

• This role is responsible for preparing loan applications, evaluating client’s financial information and calculating risk ratios.
• Also advising businesses and work with clients to determine viability of credit requests.

• Assist with the preparation of daily and weekly loan/ portfolio management report
• Ensure proper documentation before loan disbursement
• Assist with loan monitoring, recovery and customers’ follow up
• Flag off customer transactions before due date
• Computation of loan interest income
• Support with preparation of Credit Approval Memo for clients
• Ensure compliance with all regulatory requirements

• Candidates should possess relevant qualifications
• 3-5 year’s relevant experience in the Financial services industry.

• This role is responsible for smooth running of all back office functions and, support day to day running of routine and assigned task.
• Also required to provide economic intelligence, research and analysis of information to support the company.

• Provide regular updates on trends, economic intelligence on the organization’s operating sectors and ensure the knowledge and relevant information is analysed, identify gaps and opportunities in the marketplace and communicate appropriately
• Support with market analyses and assessment of opportunities for the organization as well as attractiveness to the overall strategic direction
• Function as customer service officer and manage requests from client and provide support to them
• Manage office administration, logistics, supplies as well as relationship with vendors
• Documentation, filing, dispatch of documents
• Office administration and office equipment maintenance
• Provide regular Support to ongoing projects in other departments

• 1-3 year’s relevant experience in the Financial services industry

• This role is responsible for advising Management of any potential risks that may affect the reputation, safety, security, financial sustainability and existence of the organization.
• It is expected to provide a better assessment of the risk management policies and protocols in order to come up with policies and recommendations to avoid threats, reduce or transfer risks and/or mitigate the effects of those which are essentially unavoidable.
• The responsibility includes managing the risks associated to the organization, employees, customers, reputation, assets and interests of stakeholders.

• Develop, implement and co-ordinate the organisation’s internal control management strategy.
• Ensure compliance of business activities to documented processes
• Monitor and drive compliance of all business areas and processes with regulatory and statutory requirements
• Implement, support and audit relevant quality assurance systems across the organization
• Ensure that all work is delivered within the budgetary and resource constraints
• Perform audits and evaluate compliance level with policies, processes and regulations. Identify control weaknesses or process improvement opportunities and initiate workable solutions
• Conduct monthly review of bank reconciliation statements for all existing bank accounts and monthly call over/review of transactions focusing on appropriate posting of transactions and ensuring compliance with statutory deductions
• Investigate and report all alleged cases of fraud, waste, abuse and inefficiencies and make recommendations on appropriate preventive or remedial actions

• 5-7 year’s relevant experience in the Financial services industry. ACA or ACCA certification is required for the role.

• This role is responsible providing and interpreting financial information, monitoring and interpreting cash flows as well as the day-to-day financial operations within the company.
• Also responsible for investigating ways to improve profitability and analyse markets for business opportunities.
• The role must also have some experience in Treasury management

• Develop and maintain a documented system of accounting policies and procedures.
• Treasury and Cash and working capital management
• Financial Management, analysis and reporting
• Tax Planning and ensuring timely remittance of all taxes
• Revenue and cost control and management
• Budgeting, Budgetary Controls & Budget Performance Analysis
• Providing good Industry knowledge support to enhance good decision making
• Loan portfolio management
• Manage the Admin function

• 5-7 year’s relevant experience in the Financial services industry. ACA or ACCA certification is required for the role.