Head, Internal Control at Peridot Forte Solutions Consulting Limited

Peridot Forte Solutions Consulting Limited - Our client in the Microfinance Bank industry requires the services of a suitably qualified candidate to fill the position below:Job Title: Head, Internal ControlLocation: LagosJob SummaryCompliance, Internal Controls and Risk ManagementResponsibilitiesEnsure regular reconciliation of bank statementsEnsure proper documentation, recording and tagging of the company’s fixed assets.Liaise with external auditorsEnsure proper proofing and recommendation of general ledger accountsMakes financial control-related recommendations on specific major projects or plans.Ensure prompt rendition of returns to the MD and board of DirectorsEnsure that credit facilities to any customers or group of customers are in line with the regulatory guidelines; clearly defined internal policies and debt service capability.Monitoring of conditions subsequent to draw down for timely detection of documentation deficiencies.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. prompt escalation of any deficiencies notedCarry out spot checks on loan customers to verify due diligence done prior to draw downIdentify all non performing accounts and pursue workout strategies in collaboration with loan officersEnsure 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 officersPrepare regular report for management on portfolio quality etc. as requiredIdentification of warning signals and flagging likely problems before they crystalliseReview regularly officer cash collection records versus system balancesEnforce the company’s clear desk policyIdentification of deteriorating accounts for prudential classification and transfer to credit recoveryEnsure that limits are monitoredEnsure 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 basisEnsure 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 

Apply at https://ngcareers.com/job/2019-09/head-internal-control-at-peridot-forte-solutions-consulting-limited-336/