Head of Finance - Microfinance Bank

About the role

MBA Microfinance Bank is hiring a Head of Finance in Ibadan and Oyo State. The role covers portfolio risk monitoring, regulatory reporting, cash management and tax compliance for a small-scale financial operation.

Key responsibilities

• Review daily loan disbursement and collection data to calculate the exact Portfolio at Risk (PAR) and ensure appropriate impairment provisioning under IFRS 9.
• Prepare and submit monthly e-FASS or financial returns to the CBN, NDIC and the National Association of Microfinance Banks (NAMB).
• Maintain optimum cash levels across the main office and branches to handle high-frequency customer withdrawals and loan payouts.
• Track and account for specialized funds, intervention funds (e.g. DBN, BOI) or international donor grants where applicable.
• Oversee state-level and federal tax compliance (WHT, VAT, PAYE) tailored to small-scale financial operations.

Required profile

• HND in Accounting, Finance, Economics or a related field.
• Mandatory ICAN or ACCA membership.
• Possession of the Microfinance Certification Programme (MCP) certificate (issued by the CIBN) is highly preferred and often mandatory for management positions in MFBs.
• Minimum of 5-8 years of post-qualification experience in the financial services sector.
• At least 3 years in a supervisory or management role within a Microfinance Bank, Fintech or credit institution.

Required skills

• Portfolio quality tracking: deep understanding of PAR metrics, loan provisioning rules and aging schedules.
• Regulatory compliance: expert knowledge of the CBN Revised Regulatory and Supervisory Guidelines for Microfinance Banks, including Capital Adequacy Ratios (CAR) and liquidity ratios.
• Hands-on experience with microfinance core banking systems such as BankOne.
• Liquidity management: managing short-term, high-velocity customer deposits against a fast-turning loan portfolio.