Financial Control and Reporting Manager-EIB – ()
Description
Role Overview:
EIB is seeking a highly skilled and detail-oriented Financial Control and Reporting Manager to oversee and enhance its financial reporting processes and control frameworks. This role is critical in ensuring compliance, accuracy, and transparency in financial operations across the organization’s subsidiaries.
The Financial Control and Reporting Manager will manage the end-to-end financial reporting process, budging and planning, forecasting, and financial analysis to support the organization’s overall goals and ensure effective communication with internal and external stakeholders.
This role oversees the preparation of financial reports ensuring compliance with accounting standards and regulatory requirements, implementation of internal controls over financial reporting and fixed assets management, and financial analysis in collaboration with various departments to provide insights into financial performance and support strategic decision-making.
Job Responsibilities/ Accountabilities:
Financial Reporting
- Prepare and oversee monthly, quarterly, and annual financial statements in compliance with IFRS and other applicable standards.
- Ensure timely and accurate financial reporting to senior management, regulators, and external stakeholders.
- Lead the preparation of consolidated financial statements for the business.
- Analyze financial data to identify trends and variances, offering insights to improve financial performance.
Financial Control
- Develop, implement, and maintain effective internal control systems to safeguard financial integrity.
- Conduct regular assessments and audits of financial processes to identify and address control gaps.
- Ensure compliance with regulatory requirements across all jurisdictions of operation.
- Provide oversight on GL reconciliations by user departments and assist in closure of reconciliation items.
Budgeting and Forecasting Support
- Collaborate with internal stakeholders to ensure accurate alignment between budgets and financial performance.
- Support the preparation of forecasts by providing historical data and trend analysis.
- Identify and address budget variances through in-depth financial analyses
Risk, Compliance and Audit Management
- Act as the primary contact for external and internal auditors, ensuring smooth audit processes.
- Monitor and ensure compliance with tax regulations, financial laws, and corporate policies.
- Ensuring accurate and timely tax filing and liaising with the Group tax team to ensure optimization of taxes and closure of tax matters.
- Lead remediation efforts for any audit findings or regulatory gaps.
- Collaborate with risk management teams to address financial risks and maintain operational integrity.
Technology and Process Optimization
- Work with IT teams to enhance financial systems and automate reporting and control processes.
- Drive efficiency in financial operations by leveraging advanced technology and analytics tools.
- Maintain a strong focus on digital transformation to streamline reporting workflows.
Stakeholder Engagement
- Liaise with senior management to provide insights into financial performance and operational efficiency.
- Act as a key contact for regulators and external stakeholders concerning financial control matters.
- Provide strategic advice to business units based on financial trends and analysis.
Qualifications
Required Skills/Competencies
- Analytical Skills: Ability to interpret complex financial data to provide actionable insights.
- Attention to Detail: High levels of accuracy in financial reporting and controls.
- Strategic Thinking: Align financial reporting with organizational objectives.
- Leadership: Proven ability to lead and develop high-performing teams.
- Problem-Solving: Capacity to address financial discrepancies and operational challenges effectively.
- Communication: Strong ability to convey financial information to non-financial stakeholders clearly.
Required Qualifications/Experience
- Bachelor’s degree in Finance, Accounting, Business, or a related field.
- Minimum 5 years of experience in accounting and financial reporting (3 of which must be in a supervisory role) in investment banking, banking, wealth management or collective investment scheme sector.
- Additional certification (e.g., CPA, ACCA, CIMA, CFA, CISI) and a registered member of ICPAK
- Strong knowledge of IFRS, financial control principles, and regulatory reporting requirements.
- Proficiency in using financial planning and analysis software and tools.
- Advanced knowledge of Microsoft office suite and ERP software
Key Performance Indicators (KPIs)
- Financial Reporting Accuracy and Timeliness
- Internal Control Effectiveness
- Process Efficiency
- Compliance and Risk Management
- Stakeholder Satisfaction
Why Join Equity Investment Bank?
- Be part of a transformative journey to establish a premier wealth management platform that integrates seamlessly with a dynamic commercial banking franchise.
- Collaborate with an extensive branch network and a diverse client base across Sub-Saharan Africa.
- Deliver meaningful financial solutions in a fast-growing, innovative financial ecosystem that values excellence, integrity, and impact
