Head of Operations At Verite Microfinance Bank Ltd
Tunde Raji - June 14, 2017

Verite Microfinance Bank Limited is duly registered in the Federal Republic of Nigeria by the Corporate Affairs Commission and licensed by the Central Bank of Nigeria as a deposit-taking financial institution.

We are recruiting to fill the position below:

Job Title: Head of Operations

Location: Lagos

Job Description

  • To effectively manage the Central Cash department and ensure controls of the Bank’s local and foreign cash and draft instruments are consistently adhered to
  • Manage and maintain cash limits both at Central Cash and Branches and ensure prompt expatriation of excesses
  • Plan and coordinate delivery and collection of cash to and from the Central Bank
  • Ensure that foreign cash held is within the set limit
  • Verify that vault/reserve cash movement differences are resolved daily
  • Supply cash both local and foreign with minimum delay to Branches as per SLA
  • Hold in joint custody keys to vault cash compartments
  • Ensure accurate and timely processing and reconciliation of General Ledger accounts
  • Engage with Partner Banks in cash swaps
  • Evaluates daily cash levels and ensures they meet short-term operating needs and long-term project financing requirements
  • Transfer funds for customers as per customers instructions in a safe and secure manner by observing due diligence at all times.
  • To ensure that customer’ funds transfer instructions are efficiently and promptly executed without delays with a positive impact on customer delight.
  • Be very articulate and pay attention to detail while bearing in mind the turnaround time (TAT) for all transfers and processing of customer instructions
  • Responsible for all clearing related activities and funds transfer processing:
  • Ensure customers’ transactions (MCs, Cash Fast) are processed within approved service TAT.
  • Ensure maintenance and effective utilization of physical assets and resources (adding machines, workstations, Stamps till boxes etc)
  • Ensure customers’ instructions are properly reviewed before processing.
  • Ensure all remittances for customers and regulatory agencies are handled within the agreed time-frame
  • Account and financial statement preparation.
  • Contributes to the safeguarding of corporate assets and the interest of members by ensuring that appropriate internal controls are in place and operating effectively.
  • Conduct investigations of suspected internal fraud.
  • Providing general assistance to the audit and business service team.
  • Management account preparation.
  • Developing strong working relationships with colleagues, clients and relevant authorities.

Qualification and Experience Required

  • Minimum of HND/B.SC in Business, Finance, Accounting and related disciplines.
  • He/She must be experienced in funds transfer, internal control and audit, tellership etc.
  • Membership of professional bodies such as ICAN, CIBN is an added advantage
  • He/she must have worked in financial institution for minimum of 3 years
  • Must have experience in e-payment systems i.e must have worked in any of these payment solutions firms like interswitch, e-transact, Bankone and the likes
  • Must have experience in Microfinace Banking i.e must have worked in a Microfinance Bank in relevant position.

Skills and Attributes Required:

  • Unquestioned personal integrity with strong ethics and values.
  • Capable of working independently and with minimum supervision.
  • Good interpersonal skills with a proven ability to communicate effectively [Both written and verbal] with all level within the organisation.
  • Strong analytical capability
  • Candidate must have excellent customer service orientation; must be able to pay attention to details;

Application Closing Date
28th June, 2017.

Method of Application

Interested and qualified candidates should send a word document version of their CV’s to: career@veritemfb.com

 

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