JOB TITLE: Finance Business Partner
JOB LOCATION: Lagos
Job Schedule: Full time
JOB DETAILS:
- To conduct competitive benchmarking, environmental scanning and analysis to generate business insight and actionable recommendations for performance improvement in the business areas of oversight
- To facilitate annual bottom up budgeting exercise and ensure adequate planning in the business areas of oversight
- To identify and assess MIS issues affecting the business and ensure their correction and conclusive resolution
- To support the implementation and maintenance of an effective MIS (Management Information System) reporting process that is accurate and fair in presenting business performance
- To ensure the integrity and completeness of accounts mapped to SBUs under oversight
- To ensure the correctness of costs allocated and fairness of cost apportioned to SBU
- To provide adhoc support to the SBU and prepare any reports as required
- To coordinate all other efforts to enhance performance by the SBU
- Prepare and analyze the following reports at least monthly and present same to SBUs/SRF at performance review sessions:
- Balance Sheet Review:
- Volume and growth analysis
- Funding cost analysis (Deposit rates)
- Yield analysis
- Product Analysis:
- Electronic & other Products Sales & Adoption
- Non-Interest Income Analysis
- Cash Transaction Analysis (Identify dumping)
- OPEX Analysis:
- Budget utilization
- Cost allocation vs apportionment
- Cost optimization
- Branch Operations Cost Analysis
- Big Spenders’ Cost Engagement
- Opportunities & Initiatives:
- Cross-sell and collaboration
- Market & Environmental scanning
- Strategic initiatives
- Productivity Analysis
- Loss-making branches
- Balance Sheet Review:
- Facilitate the monthly performance review session with SBU/SRF Executives, to discuss the monthly performance report, issues (including cost apportionment, account remapping etc)
- Prepare and analyze monthly/quarterly performance position of the SRF/SBU, and facilitate robust performance dialogues with SBUs and SRFs
- Facilitate performance clinic sessions with under-performing Business Managers and Relationship Managers and offer advise and guidance to improve business performance
- Monitor and analyze income allocated to SBU and ensure the correctness and completeness of performance reports, including costs, revenues, volumes and products
- Perform monthly balance sheet, income statement variance analysis.
- Provide periodic competitive analysis for business unit
- Participate in budgeting exercise to ensure adequate inputs and sensible assumptions by the SBU and budgeting teams
- Drive budget cascade to all Group Heads, Team Leads/ Business Development Managers, Business Managers and Relationship Managers and resolve all issues arising therefrom
- Identify and ensure full coverage of all individuals in SBU in scorecard and monthly performance dashboard preparation
- Identify and collate appropriate data for scorecard generation
- Generate and communicate scorecards to all individuals in the SBU and SRF being covered
- Drive adoption of issue management via the bank’s Helpdesk platform and BPM app as applicable
- Monitor staff movement, ensure account re-mapping within SBU and correct any errors or irregularities
- Facilitate the resolution of all account mapping related issues and other inter-SBU disputes relating to ownership, income, value-chain, collaboration, cross-sell.
- Educate BM/RMs on performance reports, strategic initiative, including new initiatives, dashboards and other reports
- Assist the Business Partner Leads in resolving conflicts arising from scorecards, MIS, expense control, budget of SRF/SBU’s
- Facilitate enlightenment/training sessions on scorecards and other performance initiatives.
- Facilitate inter-departmental engagements between SBUs and SRFs as may be required to drive business process efficiency or performance improvement
- Identify and implement process effectiveness and efficiency improvement initiatives
- Develop apps, reports and other tools to enable robust business engagement and administration
- Maintain the Security of all Information entrusted to the staff.
Job Requirements
Minimum Education:
Advertisements
- First Degree in Accounting, Finance, Economics, Science or Engineering.
- Master’s Degree / Professional certification in Accounting or Finance.
Minimum Experience:
- Experience in MIS (Management Information System).
- Proficiency in Microsoft office suite, MS access, SQL, etc.
- Experience in Finance or Accounting.
- 10 years industry experience and at least 5 years in a MIS, Finance or accounting role.
Deadline: November 25, 2022
Job Features
Job Category | Banking / Insurance |