Polaris Bank Limited Job Recruitment 2023 (5 Positions) – hygfr

Polaris Bank Limited Job Recruitment 2023 (5 Positions)

  • Anywhere

Polaris Bank was established by the Central Bank of Nigeria (CBN) on September 21, 2018 to offer commercial banking services to the Nigerian public. The bank commenced services on the same day, having purchased the assets and assumed certain liabilities of the defunct Skye Bank.With a footprint of over 350 branches across the country, Polaris Bank prides itself in delivering exceptional customer experience, leveraging best in class/state of the art Information Communication Technology (ICT). By focusing on ICT solutions across multiple service delivery channels (mobile banking, ATMs, POS and online platforms) Polaris Bank maintains a pivotal role in the Nigerian banking industry, providing customers with simple, convenient and secured banking services.

We are recruiting to fill the following position below:

1.)?Finance Business Partner

Location: Lagos

Job Summary?
Who are we looking for:

  • The Sub-Unit Head, the Business Partners Directorate, is responsible for overseeing the strategic partnership and alliance initiatives. This position focuses on developing and managing relationships with key business partners, such as FINTECH companies, technology providers, and industry collaborators.
  • The role holder collaborates with internal stakeholders to identify partnership opportunities, negotiate agreements, and ensure alignment with the bank?s strategic objectives. They monitor partner performance, assess market trends, and identify innovative solutions to enhance the bank?s product and service offerings

Job Description
Business Performance Management:

  • Select and use financial and non-financial key performance indicators in business appraisal; interpret trends from financial reports, extrapolate and evaluate risk in complex scenarios.
  • Interpret and analyze management information, in the context of the external environment and business objectives, to advise decision-maker

Business Partnership:

  • Serve as a strategic financial advisor to business unit leaders, offering insights on financial implications of strategic initiatives, product launches, and market dynamics.
  • Collaborate with business stakeholders to identify growth opportunities, cost-saving measures, and revenue enhancement strategies.

Financial Accounting Standards:

  • Analyse accounting issues, research authoritative guidance, and provide well-supported accounting treatment recommendations.
  • Assess control effectiveness, identify control gaps, and implement remedial Z
  • corporate culture of compliance and shared accountability.

Core Accounting Application Knowledge:

  • Use accounting software and tools to manage complex financial processes such as consolidation and financial reporting
  • Analyze financial data, identify trends, and provide insights and recommendations to support.

Management Accounting:

  • Use accounting software and tools to manage complex financial processes such as consolidation and financial reporting
  • Analyze financial data, identify trends, and provide insights and recommendations to support strategic decision-making.

Business Intelligence & Reporting Analytics:

  • Use business intelligence tools and software to extract, analyze and visualize complex data sets.
  • Develop and implement advanced data analysis techniques to support strategic decision-making and business planning.

Transactional Accounting & Close Process Management:

  • Use accounting software and tools to manage complex transactional accounting processes
  • Coordinate and oversee the close process for the entire organization.

Investor Relations:

  • Understand the bank?s strategic objectives and aligning investor relations activities accordingly.
  • Develop and execute comprehensive investor relations strategies.

Portfolio Accounting:

  • Account for derivatives, structured products, and other complex financial instruments.
  • Measure and analyze portfolio performance using relevant metrics and benchmarks.
  • Knowledge of performance attribution methodologies.
  • Navigate regulatory changes and implement necessary adjustments.
  • Identify opportunities for process improvement in portfolio accounting.
  • Streamline workflows and automate routine task.

Financial Accounting Processes:

  • Oversee the revenue and expenditure process; identify ways to mitigate load related risks; calculate the impact of lending actions on financial ratios; calculate non-routine provisions
  • Oversee the expenditure process; calculate the impact of loans on financial ratios
  • Oversee all month-end close processes and activities.
  • Reconcile complex accounts involving inconsistent data from non-integrated systems.
  • Define new general ledger accounts and ensure proper maintenance of the Bank?s chart of accounts.

Management Reporting:

  • Deliver quality management information.
  • Develop business unit reporting systems for management, project or performance reporting and implement processes to deliver management information according to the reporting cycle.

Cost Management:

  • Apply various techniques such as target costing, value analysis, life cycle and discuss implications.
  • Prepare analysis and reports that enable the business management to effectively challenge costs and inform decision-making
  • Participate in waste elimination efforts with the business to understand key drivers and cost reduction opportunities.

Tax Management:
Financial Modelling:

  • Create financial modeling concepts and should be able to create complex financial models using advanced Excel functions and macros.

Industry & Company Analysis:
Cashflow Analysis:

  • Understand cash flow analysis concepts and should be able to create and analyze complex cash flow models

Preferred Skills and Experience / Requirements

  • ?Bachelor?s Degree in Banking & Finance, Accounting, or a related field.
  • At least 3 ? 7 years of cognate experience.
  • MBA or Relevant Professional qualification (e.g., CIBN, ACA, ACCA, ICAN etc.) is an added advantage
  • Proficiency in financial software systems and advanced knowledge of MS Excel.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online


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