It is designed to cover a period of twelve months shared between:
On-the-job training (operations – Field, Branch, Region and Head Office) for about three months;
Functional information and involvement in projects – about two months;
Project Management and responsibility – about two months;
Special training in the functional areas where the future job is planned – about three months;
Formal training units in the form of seminars and workshops on relevant management skills – two months and continuous after the program.
The project is seeking to recruit a trainee for the Finance – Accounting and reporting department.
Under the overall guidance and direct supervision of the Head of Department for Finance and Treasury the trainee is expected to rigorously complete the full Trainee-Program and acquire the relevant certifications.
The Trainee is expected to work in close collaboration with all the operation units of LAPO MFB within the prescribed timeframe and to support project delivery in areas and functions assigned.
Target of trainings
Next to the intensive academic trainings on general management, inputs on LAPO culture, strategy, structure and systems as well as on-the-job project management capacity building, the focus of professional training is to serve the following future responsibilities:
To keep prompt, accurate and comprehensive accounting records of the bank and prepare all management accounts and reports for the use of executive management, auditors and regulatory bodies
Focus areas of professional training
To be trained to perform the following duties and tasks:
Supervise and coordinate the activities of regional and branch accountants
Support the Chief Finance Officer in developing a robust financial strategy for the bank
Supervise the preparation of the bank’s annual budget
Supervise the preparation monthly financial report and annual accounts preparation
Coordinate the conduct of the bank’s regular audits.
Supervise and coordinate the activities of head office financial officers and financial assistants
Prepare monthly and quarterly management accounts
Prepare monthly key performance indicators reports
Prepare monthly reports to CBN
Prepare end of year management accounts for external audit
Supervise branches book closure exercises and coordinate the entire audit process in liaison with the rest of the management staff in treasury, finance and accounts
Handle tax matters and other statutory payments such as PAYE, VAT, WHT, Company Income taxes, etc.
Manage the company’s funding requirements through regular preparation and review of cash flow statements.
Monitor the company’s performance against budgets.
Monitor and review the maintenance of the company’s accounting records including fixed assets register debtors and creditors listings and cash management records and to ensure accurate and timely updates.
Review and assist the respective departments in the production of justification for all capital projects including calculations of return on investment
Review bank and fund reconciliation movement in the reconciliation reports, and address or escalate issues that emerge accordingly
Ensure the development and maintenance of robust financial data bases
Promptly escalate issues of concern that may be observed in the course of financial reporting
Perform other duties and responsibilities, as may be assigned by the Chief Finance Officer
At least MBA University degree with specialized certification in Accounting and Finance
Other skills and competences
Sound knowledge of best practices in financial management;
Knowledge of relevant accounting packages;
Knowledge of existing regulatory framework;
Knowledge of industry and economic environment;
Team building, people and conflict management skills;
Strategic thinking and analytical skills;
Managerial and leadership skills;
Integrity and firmness;
attention to detail and accuracy;
strong communication skills;
information and task monitoring;
Sound mastery in the usage of computers and office software packages (MS Word, ppt., Excel, etc) and knowledge of spreadsheet and database packages, experience in handling of web based management systems;
Organizational skills, secretarial and office management competences;
Demonstrate corporate knowledge and sound judgment;
Learning and sharing knowledge; encourage the learning of others.
Accountable and transparent in all aspects of work;
Readiness and ability to accommodate flexible working hours;
Readiness to accommodate travels outside the regular work station (in particular travels to Benin City);
Ability and readiness to work with people of different nationalities and cultures
Not relevant in the case of fresh graduates with the relevant academic qualifications; alternatively
Minimum of five years experience in the financial sector with at least two of those years in management positions
Key performance indicators
Timeliness in preparation of respective reports
Timeliness in preparation of annual budgets
Timeliness in conduct and completion of annual or other audits
Degree of error in reports generated
Incidents of exceptions in the reports of internal and external auditors
Fluency in English
Between 25 and 30 years of age
1st August 2012
Duration of program
Competitive and based on qualification