Job Description
Essential Finance Ltd is seeking a highly analytical and disciplined Management Accountant with a rigorous background in the banking sector. This role is central to our financial strategy, requiring a candidate who understands the unique capital structures, regulatory constraints, and liquidity demands of a lending institution.
Core Objective
The Management Accountant will spearhead financial planning, performance analysis, and cost discipline. You will translate complex banking data into actionable insights to drive profitability across our loan portfolios and business units.
Key Responsibilities
• Performance Reporting: Prepare monthly management accounts with a focus on banking KPIs, including Net Interest Income (NII), non-interest revenue, and operating efficiency.
• Strategic Budgeting: Lead the annual budgeting and rolling forecast process; perform deep-dive variance analysis on Interest Income vs. Interest Expense.
• Profitability Analysis: Conduct granular margin analysis across branches, specific loan products, and business units to identify high-yield opportunities and laggards.
• Liquidity & Treasury Support: Prepare cash-flow projections and monitor Liquidity Ratios to ensure alignment with internal policies and regulatory benchmarks.
• Regulatory Compliance: Ensure all management reporting aligns with IFRS 9 (Financial Instruments) and specific banking regulatory standards.
• Cost Control: Monitor OpEx trends, manage departmental spend, and implement cost-reduction strategies without compromising banking operations.
• Audit & Control: Orchestrate schedules for internal/external audits and ensure the integrity of the general ledger through rigorous reconciliations.
Required Experience & Qualifications
• Strict Requirement: Only candidates with a proven track record within a Commercial Bank, Microfinance Bank (MfB), or Primary Mortgage Bank will be considered.
• Professional Background: 5+ years of experience in a core Finance or Management Accounting function within the banking industry.
• Education: BSc in Accounting, Finance, or Economics. Professional certification (ICAN, ACCA, or CIMA) is mandatory.
• Technical Mastery: Advanced Excel skills (financial modelling/macros) and proficiency with Core Banking Systems (CBS) or Tier-1 ERPs (e.g., SAP, Oracle, Finacle).
• Banking Knowledge: Comprehensive understanding of Credit Risk dynamics, loan loss provisioning, and central bank regulatory reporting.
Soft Skills: High-level integrity, ability to manage senior stakeholders, and the resilience to meet tight "Month-End" deadlines.
Other Benefits
• Health Insurance
• Pension
• Leave Allowance
Other benefits in line with company policy
Qualified Candidates should send their CV and Cover Letter to careers@essentialfinanceltd.com using the job title as the subject of the mail.
Job Type: Full-time
Pay: From ₦350,000.00 per month
Application Question(s):
• Have you read the job description?
• Are you able to commute to Onikan, Lagos Island easily?
• Do you have experience working in a Finance organization?
Core Objective
The Management Accountant will spearhead financial planning, performance analysis, and cost discipline. You will translate complex banking data into actionable insights to drive profitability across our loan portfolios and business units.
Key Responsibilities
• Performance Reporting: Prepare monthly management accounts with a focus on banking KPIs, including Net Interest Income (NII), non-interest revenue, and operating efficiency.
• Strategic Budgeting: Lead the annual budgeting and rolling forecast process; perform deep-dive variance analysis on Interest Income vs. Interest Expense.
• Profitability Analysis: Conduct granular margin analysis across branches, specific loan products, and business units to identify high-yield opportunities and laggards.
• Liquidity & Treasury Support: Prepare cash-flow projections and monitor Liquidity Ratios to ensure alignment with internal policies and regulatory benchmarks.
• Regulatory Compliance: Ensure all management reporting aligns with IFRS 9 (Financial Instruments) and specific banking regulatory standards.
• Cost Control: Monitor OpEx trends, manage departmental spend, and implement cost-reduction strategies without compromising banking operations.
• Audit & Control: Orchestrate schedules for internal/external audits and ensure the integrity of the general ledger through rigorous reconciliations.
Required Experience & Qualifications
• Strict Requirement: Only candidates with a proven track record within a Commercial Bank, Microfinance Bank (MfB), or Primary Mortgage Bank will be considered.
• Professional Background: 5+ years of experience in a core Finance or Management Accounting function within the banking industry.
• Education: BSc in Accounting, Finance, or Economics. Professional certification (ICAN, ACCA, or CIMA) is mandatory.
• Technical Mastery: Advanced Excel skills (financial modelling/macros) and proficiency with Core Banking Systems (CBS) or Tier-1 ERPs (e.g., SAP, Oracle, Finacle).
• Banking Knowledge: Comprehensive understanding of Credit Risk dynamics, loan loss provisioning, and central bank regulatory reporting.
Soft Skills: High-level integrity, ability to manage senior stakeholders, and the resilience to meet tight "Month-End" deadlines.
Other Benefits
• Health Insurance
• Pension
• Leave Allowance
Other benefits in line with company policy
Qualified Candidates should send their CV and Cover Letter to careers@essentialfinanceltd.com using the job title as the subject of the mail.
Job Type: Full-time
Pay: From ₦350,000.00 per month
Application Question(s):
• Have you read the job description?
• Are you able to commute to Onikan, Lagos Island easily?
• Do you have experience working in a Finance organization?
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