Job Vacancies at First Bank of Nigeria (FBN)

First Bank of Nigeria is a Nigerian multinational bank and financial services company headquartered in Lagos. It is the biggest bank in Nigeria by total deposits and gross earnings.

FBN operates a network of over 750 business locations across Africa, the United Kingdom and representative offices in Abu Dhabi, Beijing and Johannesburg set up to capture trade-related business between geographies.

Applications are invited from interested and qualified candidates to apply to fill the Job Vacancies at First Bank of Nigeria (FBN).

Job Specifications:

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Job Description:
  • To conduct competitive bechmarking, environmental scanning and analysis to generate business insight and actionable recommendations for performance improvement  in the business areas of oversight.
  • To facilitate annual bottom up budgeting exercise and ensure adequate planning in the  business areas of oversight.
  • To identify and assess MIS issues affecting the business and ensure their correction and conclusinve resolution.
  • To support the implementation and maintenance of an effective MIS (Management Information System) reporting process that is accurate and fair in presenitng business performnace.
  • To ensure the integrity and completeness of acounts mapped to SBUs under oversight.
  • To ensure the correctness of costs allocated and fairness of cost apportioned to SBU.
  • To provide adhoc support to the SBU and prepare any reports as required.
  • To coordinate all other efforts to enhance performance by the SBU.
  • Prepare and analyze the following reports at least monthly and present same to SBUs/SRF at performance review sessions.
  • Balance Sheet Review:
    • Volume and growth analysis.
    • Funding cost analysis (Deposit rates).
    • Yield analysis.
  • Product Analysis:
    • Electronic & other Products Sales & Adoption.
    • Non-Interest Income Analysis.
    • Cash Transaction Analysis (Identify dumping).
  • OPEX Analysis:
    • Budget utilization
    • Cost allocation vs apportionment
    • Cost optimization
    • Branch Operations Cost Analysis
    • Big Spenders’ Cost Engagement
  • Opportunities & Initiatives:
    • Cross-sell and collaboration.
    • Market & Environmental scanning.
    • Strategic initiatives.
    • Productivity Analysis.
    • Loss-making branches.
  • Facilitate the monthly performance review session with SBU/SRF Executives, to discuss the monthly performance report, issues (including cost apportionment, account remapping etc).
  • Prepare and analyze monthly/quarterly performance position of the SRF/SBU, and facilitate robust performance dialogues with SBUs and SRFs.
  • Facilitate performance clinic sessions with under-performing Business Maanagers and Relationship Managers and offer advise and guidance to improve business  performance.
  • Monitor and analyse income allocated to SBU and ensure the corrrectness and completeness of performance reports, including costs, revenues, volumes and products.
  • Perform monthly balance sheet, income statement variance analysis.
  • Provide periodic competitive analysis for business unit
  • Participate in budgeting exercise to ensure adequate inputs and sensible assumptions by the SBU and budgeting teams
  • Drive budget cascade to all Group Heads, Team Leads/ Business Development Managers, Business Managers and Relationship Managers and resolve all issues arising therefrom.
  • Indentify and ensure full coverage of all individuals in SBU in scorecard and monthly performacne dashboard preparation.
  • Identify and collate appropriate data for scorecard generation.
  • Generate and communicate scorecards to all individuals in the SBU and SRF being covered.
  • Drive adoption of issue management via the bank’s Helpdesk platform and BPM app as appliacble.
  • Monitor staff movement, ensure account re-mapping wihin SBU and correct any errors or irregularities.
  • Faciliate the resolution of all account mapping related issues and other inter-SBU disputes relating to ownership, income, value-chain, collaboration, cross-sell.
  • Educate BM/RMs on peformance reports, strategic initiative, including new initiatives, dashboards and other reports.
  • Assist the Business Partner Leads in resolving conflicts arising from scorecards, MIS, expense control, budget of SRF/SBU’s.
  • Facilitate enlightenment/training sessions on scorecards and other performance initiatives.
  • Facilitate inter-departmental engagements between SBUs and SRFs as may be required to drive business process efficiency or performance improvement
  • Identify and implement process effectiveness and efficiency improvement initiatives.
  • Develop apps, reports and other tools to enable robust business engagement and administration.
  • Maintain the Security of all Information entrusted to the staff.
Qualifications and Requirements:

Minimum Education:  

  • First Degree in Accounting, Finance, Economics, Science or Engineering.
  • Master’s Degree / Professional certification in Accounting or Finance.

Minimum Experience:

  • 10 years’ industry experience and at least 5 years in a MIS, Finance or accounting role.
  • Experience in MIS (Management Information System).
  • Proficiency in Microsoft office suite, MS access, SQL, etc.
  • Experience in Finance or Accounting.

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Finance Business Partner Lead

Job Specifications:

Are you an Employer? Click HERE to Post A Job

Job Description:

The Business Partner Lead‘s responsibilities are to:

  • Maintain an accurate, creditable and reliable MIS (Management Information System) system for the SBU performance reporting and ensure the integrity of account segmentation & ownership
  • Monitor and review the SBUs performance against budget, historical trend, and competition, provide appropriate insight to support required action and make recommendations for business improvement
  • Deliver all performance reports and analytics required to monitor the BU performance, across channels, products, customers, locations etc.
  • Facilitate periodic performance review sessions in the business areas overseen
  • Drive and implement budgetary control and cost optimization initiatives
  • Support the SBUs in crafting, defending and cascading their budgets and forecasts
  • Support the establishment of clear, fair and measurable performance metrics, targets and accountabilities for all functions in the area of oversight
  • Facilitate engagements on scorecards and other performance initiatives.
  • Deliver periodic individual performance reports using Balanced Scorecard framework and resolve all issues arising from Scorecards, MIS and Budget within the BUs
  • Identify and drive processes for efficiency improvement and provide decision support to the Group Executives in the SBUs as may be required from time to time
  • Any other responsibilities as may be assigned by Head, BPM.
Qualifications and Requirements:
  • A finance professional with minimum 15 years experience, including at least 5 years in a similar managerial role. FCA, CFA or similar professional qualifications will be advantageous.

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Method of Application

Interested and qualified candidates should apply by clicking on the BUTTONS below.

Deadline: January 24, 2023

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