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Finance Lead

Job profile

The Finance Lead will assist the Chief Financial Officer in managing and supporting the financial operations of the bank, ensuring compliance, accuracy, and alignment with strategic goals.

Main responsibilities

  1. Prepare and review timely and accurate monthly management accounts, consolidated financial statements, and interim reports under IFRS for the bank and its subsidiaries.
  2. Stay updated on recent changes to tax regulations and IFRS, ensuring their effective application in financial reporting and compliance processes.
  3. Develop and maintain financial reports, including balance sheets, income statements, and performance summaries, providing insights into current and projected financial positions.
  4. Apply hands-on expertise in IFRS 9 for the preparation, implementation, and ongoing evaluation of Expected Credit Loss (ECL) models and related financial reporting requirements.
  5. Conduct monthly Value at Risk (VaR) assessments for all balance sheet accounts, recommending appropriate provisioning requirements.
  6. Manage and oversee the budgeting process, including forecasting, allocation, monitoring, and variance analysis, ensuring alignment with strategic objectives.
  7. Ensure accuracy, completeness, and validity of financial data within the general ledger and lead processes for budgets, forecasts, and actuals.
  8. Prepare presentations for the Board of Directors, Board subcommittees, management committees, Bank of Mauritius, and the Annual General Meeting.
  9. Oversee and ensure robust controls in accounts payables and receivables, verifying compliance with the bank’s policies and frameworks.
  10. Perform hands-on computations for all tax-related matters under Mauritius jurisdiction, ensuring compliance with tax laws and regulations.
  11. Prepare and approve statutory and regulatory submissions, including those to the MRA and Bank of Mauritius.
  12. Analyse and approve expenditure within mandate, escalating deviations from policy to the CFO.
  13. Ensure accuracy of statutory payments through reasonability checks and transactional verifications.
  14. Liaise with internal and external auditors, regulatory authorities, banks, and government agencies to maintain effective communication and compliance.
  15. Create and nurture finance partnerships while ensuring adherence to risk and compliance frameworks for all financial activities.
  16. Promote mandatory compliance training and maintain a strong focus on reputation and business risk management.
  17. Undertake any other cognate duties as required.

Technical and Soft Competencies/Skills, Knowledge

  1. Demonstrated ability to navigate complex challenges and project roadblocks with appropriate urgency and strategic problem-solving.
  2. A passionate, self-motivated individual with a growth mindset and a strong customer-centric approach.
  3. Proven ability to work as a self-starter, driving personal and team success to deliver exceptional results.
  4. Strong planning, negotiation, and communication skills.
  5. Advanced knowledge of data analysis, financial forecasting models, and strategic decision-making.
  6. Comprehensive understanding of IAS/IFRS standards, with hands-on expertise in IFRS 9 implementation.
  7. Proficiency in Flexcube financial systems would be an advantage
  8. Outstanding leadership and team management abilities, with a focus on developing and empowering team members

Experience & Qualifications

  1. A postgraduate degree in Accounting, Finance, Economics, Law, or a related field, or a recognized professional qualification.
  2. Fully qualified ACCA or an equivalent certification.
  3. At least 7 years of experience in accounting and finance, including a minimum of 3 years in the banking sector.
  4. Practical experience in environments requiring knowledge of procurement systems and/or frameworks
SUBMIT YOUR CV

Kindly send your curriculum vitae on recruitment@banquepatronus.com