Head, Internal Control at a Microfinance Bank – Peridot Forte Solutions Consulting Limited


Peridot Forte Solutions Consulting Limited – Our client in the Microfinance Bank industry requires the services of a suitably qualified candidate to fill the position below:

Job Title: Head, Internal Control

Location: Lagos

Job Summary
  • Compliance, Internal Controls and Risk Management
Responsibilities
  • Ensure regular reconciliation of bank statements
  • Ensure proper documentation, recording and tagging of the company’s fixed assets.
  • Liaise with external auditors
  • Ensure proper proofing and recommendation of general ledger accounts
  • Makes financial control-related recommendations on specific major projects or plans.
  • Ensure prompt rendition of returns to the MD and board of Directors
  • Ensure that credit facilities to any customers or group of customers are in line with the regulatory guidelines; clearly defined internal policies and debt service capability.
  • Monitoring of conditions subsequent to draw down for timely detection of documentation deficiencies.
  • Ensure that all credits have been approved in accordance with the credit policy.
  • Ensure that all pre-disbursement conditions have been met.
  • Ensure that all collateral documents are properly kept and perfection carried out.
  • Review approved credit for quality, performance and compliance with approved terms & condition in the credit policy. Ensure all credit are approved in accordance with the credit policy and any regulatory guidelines. prompt escalation of any deficiencies noted
  • Carry out spot checks on loan customers to verify due diligence done prior to draw down
  • Identify all non performing accounts and pursue workout strategies in collaboration with loan officers
  • Ensure that limits are monitored.
  • Ensure that income, fees, maturing repayment & other charges are captured.
  • Detect and escalate un-authorized credits.
  • Ensure policy driven credit related sanction are captured on the software, e.g. late payment penalties and enforced by loan officers
  • Prepare regular report for management on portfolio quality etc. as required
  • Identification of warning signals and flagging likely problems before they crystallise
  • Review regularly officer cash collection records versus system balances
  • Enforce the company’s clear desk policy
  • Identification of deteriorating accounts for prudential classification and transfer to credit recovery
  • Ensure that limits are monitored
  • Ensure that income, fees, maturing repayment & other charges are captured.
  • Detection and escalation of un-authorized credit.
  • Implementation of policy driven credit related sanctions.
  • Preparation of exception report as required.
  • Identification of warning signals and flagging likely problem before they crystallise.
  • Custody and maintenance of credit files.
  • Ensure that a review of the portfolio is carried out on a quarterly basis
  • Ensure that a rapid review of the company’s portfolio is carried out, in the event of material adverse changes, affecting the operating environment.
  • Ensure that appropriate recommendations are implemented such that the desired level of credit quality and performance are attained and sustained.
  • Take necessary measure to ensure adequate quality assurance in operation i.e. call over. General ledger proofing/ reconciliation, integrity test, departmental control etc.
  • Ensure all interest earning are correctly accrued and amortised monthly.
  • Ensure proper verification of expenses before processing and disbursement of funds.
  • Track bank deposits and payments
Requirements
  •  5 – 9 years experience in Microfinance Bank.
Application Closing Date
25th September, 2019.

Method of Application

Interested and qualified candidates should send their CV to: peridotforte@gmail.com using the Job Title as the subject of the mail.
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