Head of Internal Control

Peridot Forte Solutions Consulting - Lagos

Posted: Sep 13th, 2019

Login to Apply

---

Peridot Forte Solutions Consulting Limited provides HR Solutions such Recruitment, Organisational Structure, HR Strategy, Performance Management, Compensation and Benefits.

Responsibilities

• Ensure regular reconciliation of bank statements.
• Ensure proper documentation, recording and tagging of the company’s fixed assets.
• Ensure proper proofing and recommendation of general ledger accounts.
• Makes financial control-related recommendations on specific major projects or plans.
• Ensure prompt rendition of returns to the MD and board of Directors.
• Ensure that all credits have been approved in accordance with the credit policy.
• Ensure that all pre-disbursement conditions have been met.
• Ensure that all collateral documents are properly kept and perfection carried out.
• Review approved credit for quality, performance and compliance with approved terms & condition in the credit policy. Ensure all credit are approved in accordance with the credit policy and any regulatory guidelines.
• Carry out spot checks on loan customers to verify due diligence done prior to draw down.
• Identify all non performing accounts and pursue workout strategies in collaboration with loan officers.
• Ensure that limits are monitored.
• Ensure that income, fees, maturing repayment & other charges are captured.
• Detect and escalate un-authorized credits.
• Ensure policy driven credit related sanction are captured on the software, e.g. late payment penalties and enforced by loan officers.
• Prepare regular report for management on portfolio quality etc. as required.
• Identification of warning signals and flagging likely problems before they crystallise.
• Review regularly officer cash collection records versus system balances.
• Enforce the company’s clear desk policy.
• Identification of deteriorating accounts for prudential classification and transfer to credit recovery.
• Ensure that limits are monitored.
• Ensure that income, fees, maturing repayment & other charges are captured.
• Detection and escalation of un-authorized credit.
• Implementation of policy driven credit related sanctions.
• Preparation of exception report as required.
• Identification of warning signals and flagging likely problem before they crystallise.
• Custody and maintenance of credit files.
• Ensure that a review of the portfolio is carried out on a quarterly basis
• Ensure that a rapid review of the company’s portfolio is carried out, in the event of material adverse changes, affecting the operating environment.
• Ensure that appropriate recommendations are implemented such that the desired level of credit quality and performance are attained and sustained.
• Take necessary measure to ensure adequate quality assurance in operation i.e. call over. General ledger proofing/ reconciliation, integrity test, departmental control etc.
• Ensure all interest earning are correctly accrued and amortised monthly.
• Ensure proper verification of expenses before processing and disbursement of funds.
• Track bank deposits and payments.

Minimum: HND Experience: 5-7 year(s)

Location: Lagos Job Type: Permanent

Salary: Expires: 25-09-2019

General Requirements

•  5 - 9 years experience in Microfinance Bank.
•  Have a blend of superior analytical skills.
•  High level of attention to detail to perform their duties effectively.
•  Good organizational and communication skills.
•  Ability to compile internal control reports and presentations efficiently and effectively.

Back to Job Listings