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.
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FBN operates a network of over 750 business locations across Africa, and the United Kingdom, and representative offices in Abu Dhabi, Beijing, and Johannesburg are 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).
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Associate II, Corporate Finance and Capital Optimization
Job Specifications:
- Full Time
- Required Qualifications: BA/BSC/HND
- Location: Lagos | Nigeria. See other Jobs in Lagos
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Job Description:
- Responsible for executing the corporate finance activities of FirstBank Group, including mergers & acquisition, capital optimization and investment management.
- Coordinate the credit ratings process of the group to ensure the Group’s credit rating is achieved and maintained.
DUTIES & RESPONSIBILITIES
- Promote policies, processes, and guidelines to enhance corporate finance, capital management, ratings and investment activities of FirstBank Group.
- Execute inorganic growth plans (M&A, partnerships, etc) of FirstBank Group.
- Prepare the valuation of investments opportunities as well as optimization of same for value accretive purposes.
- Execute the end-to-end management of capital across all group entities, including ICAAP.
- Ensure compliance with the Group Capital Management Framework.
- Execute capital raising of all forms, including Tier I and Tier II.
- Support the actualize the allocation of capital as required to optimize shareholder value.
- Manage the Bank’s portfolio of investments to optimize returns
- Plan the evolution of the Bank’s credit rating.
- Facilitate the Bank’s credit rating process to achieve set target credit rating.
- Facilitate all other corporate finance activities of operating entities in FirstBank Group.
- Coordinate all relevant management, board and regulatory approvals for capital raising corporate finance decisions and investments of the FirstBank Group.
- Track performance of corporate finance activities post acquisition to quantify value accretion gained.
- Provide insight on the financial performance of potential targets and expected value accretion from transactions.
- Recommend optimal transaction structures for corporate finance transactions for the Firstbank Group.
- Track activities required to ensure target rating is obtained once achieved.
- Prepare reports and presentation to engage the Management Committee (MANCO) and Board of Directors on potential targets and transaction opportunities.
- Perform periodic scanning of the industry for corporate finance and investment opportunities.
Qualifications and Requirements:
- First Degree in Accounting, Economics or related discipline.
- Strong preference for postgraduate degree or other professional qualification.
- CFA, ACA, ACCA, CPA , MBA.
EXPERIENCE
- Minimum of 10 years working experience in corporate finance, investment banking and capital management in Financial Services or related industry.
- 6+ years of proven track record in Financial Analysis, Financial accounting and reporting.
KEY COMPETENCY REQUIREMENTS
- Professional accounting qualification such as CPA, ACCA, ACA, CPA, MBA or its equivalent plus at least 10 years post qualification years’ experience, with relevant / specific banking experience.
- Broad understanding of banking practice.
- Excellent knowledge of financial analysis and financial accounting.
2023 ONGOING JOBS
Business Partner, Business Performance Monitoring
Job Specifications:
- Full Time
- Required Qualifications: BA/BSC/HND – MBA/MSC/MA
- Location: Lagos | Nigeria. See other Jobs in Lagos
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Job Description:
Prepare and present periodic reports at least monthly to SBUs/SRF at performance review sessions. Examples of such reports include Balance Sheet Review, Product Analysis, OPEX Analysis, Opportunities & Initiatives, etc.
- Support and participate in the monthly performance review session with SRF Executives, to discuss the monthly
- performance review presentation, issues (including cost apportionment, account remapping etc.)
- Prepare and facilitate monthly/quarterly performance review sessions and hold robust performance dialogues with SBUs and SRFs
- Monitor and analyze income allocated to SBU and ensure the correctness 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
- Identify and ensure full coverage of all individuals in SBU in scorecard and monthly performance dashboard preparation
- Identify and collate appropriate data for scorecard generation
- Generate and communicate scorecards to all individuals in the SBU
- Drive adoption of issue management via the bank’s Helpdesk platform
- Monitor staff movement, ensure account re-mapping within SBU and correct any errors or irregularities
- Facilitate 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 performance 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
- Maintain the Security of all Information entrusted to the staff.
KEY COMPETENCY REQUIREMENTS
Knowledge
- Knowledge of banking operations, banking services/products, business processes, and performance management principles.
- Knowledge of Process Design and Implementation principles.
- Knowledge of automated financial and accounting reporting, and performance measurement systems.
Skill/Competencies
- Ability to analyze financial and operational data, and prepare performance reports, statements, and financial projections.
- Work requires professional written and verbal communication, and interpersonal skills.
- Ability to motivate teams to produce quality materials within tight timeframes and concurrently manage several projects.
- Ability to work with others and in teams
- Ability to facilitate engagement at middle management level.
- Good problem solving and conflict resolution skills
- Apply strategic thinking to explore and adapt to planning and organizing situations/activities.
- Ability to hold self and others accountable for measurable high-quality, timely and cost-effective results, and accept responsibility for mistakes.
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Qualifications and Requirements:
Minimum Education:
- First Degree in Accounting, Finance, Economics, Science or Engineering.
- Master’s Degree/Professional certification in Accounting or Finance.
Experience
Minimum Experience:
- Experience in MIS (Management Information System).
- Proficiency in Microsoft office suite, MS access, SQL, etc.
- Experience in Finance or Accounting.
- 10 years’ industry experience and at least 5 years in a MIS, Finance or accounting role.
Method of Application
Interested and qualified candidates should apply by clicking on the BUTTONS below.
Deadline: September 15, 2023
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