Head, Financial Operations at Fedeth Microfinance Bank

FEDETH Microfinance Bank is a prestigious financial institution offering a broad range of financial services to micro, small and medium-sized enterprises, and other clients.

We are recruiting to fill the position below:

Job Title: Head, Financial Operations

Location: Central Business District, Abuja (FCT)
Employment Type: Full-time

Roles / Responsibilities

  • Comply fully with the relevant Anti-Money Laundering regulations and report promptly any knowledge or sus picion of money laundering activities to the relevant authority.
  • Coordinates with internal departments to ensure that daily work meets organisational standards.
  • Liaises with superior to make decisions for operational activities and set strategic goals
  • Manage relationships/agreements with external partners/vendors/Bankers
  • Translates the strategic goals into operational plans to achieve the required targeted growth
  • Reconcile monthly activity, generating year-end reports, and submitting same to management
  • Maintains archival and financial administrative files • Manage bank accounts to ensure sufficient liquid funds
  • Ensure that accounting requests are resolved and communicated in a timely manner to internal and external parties
  • Daily reconciliation of all internal ledgers to ensure accuracy
  • Ensures timely resolution of all client’s complaints in line with agreed turnaround time
  • Keeps records of all company’s fixed assets and ensuring industry standard is maintained
  • Responds to requests to implement on a timely basis all internal and external audit points together with any issues raised by external regulators.


  • Understand, manage, and supervise all aspects of cash flow.
  • Forecast daily cash requirements and execute daily financing decisions.
  • Manage all aspects of In-house investment portfolios.
  • Manage long-term and short-term investment strategies.
  • Determine the Company’s goals and risk tolerance.
  • Determine the Company’s tax position and the applicability of taxable/non-taxable instruments.
  • Assess risk/return trade-offs in transactions.
  • Assess performance benchmarks and recommend changes when warranted.
  • Review and recommend changes to the investment policies based on the market conditions.
  • Manage relationships with financial service providers.
  • Conduct benchmark studies of banks and their services to evaluate whether they meet ALC’s requirements.
  • Evaluate alternative long-term borrowing strategies and make recommendations in accordance with the capital structure guidelines.
  • Manage, direct, and develop Cash Management staff.
  • Recommend, implement and maintain process improvements.
  • Provide technical and other support for mergers and acquisitions and other projects as needed.
  • Prepare or monitor the company’s various cash flow forecasts and perform financial modeling.
  • Evaluate, develop and implement cash management systems to optimize efficiencies.
  • Understand and manage appropriate accountingprocedures and processes.
  • Support and participate in the Organization’s Strategic Plan activities.


  • Adheres to SLAs and communicating appropriately to internal clients.
  • Ensures that all procedures and controls are fully documented, fit for purpose, appropriately communicated and adhered to.
  • Ensures procedures are compliant with all relevant regulatory and legal considerations and the team is properly trained to carry out such responsibilities
  • Understands, follow and demonstrate compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business.
  • Oversees customer support processes and organize them to enhance customer satisfaction


  • Bachelor’s Degree / HND and Master’s Degree qualification with 6 – 10 years relevant work experience.

Deadline: 28th July, 2021.

How to Apply
Interested and qualified candidates should send their Applications to: [email protected] using the Job Title as the subject of the email.

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