Business Finance Analyst - Lagos Job at Standard Chartered Bank Plc

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Job Title: Analyst, Business Finance

Employer: Standard Chartered Bank Plc (SCB)

Job ID: 413646

Job Function: Finance

Location: Lagos, Nigeria

Full/Part Time: Full time

Regular/Temporary: Permanent

Job Description:

•   Support the CB Business Finance Manager, WA and Nigeria to be the right partner to the CB business in the cluster;

•   Provide Senior Consumer Banking management with frequent, complete, accurate, timely and valid information as to the performance of the Consumer Banking business on a monthly basis

•   Liaise with the business in preparing a comprehensive budget and forecasts;

•   Ensure there is a robust performance management platform to drive the right balance of growth within CB

•   Build on key team coherence to deliver on Business Support performance objectives.

•   Contribute to the operational risk management of the unit by undertaking a periodic self-assessment on key controls to assess the proper functioning and adequacy of existing controls

•   Assisting in coordination, facilitation and promotion of understanding of operational risk and in implementation and management of OR within the Unit

Key Roles & Responsibilities:

Business Partnering:

•   Participate in preparation of launch of new products to ensure the financial aspects, in particular accounting and pricing, are appropriately considered;

•   Liaise with CB in preparing annual financial budget and monthly forecasts to ensure they are in line with the strategic direction of the business.

•   Management of business P&L & Control of financial processes (costs/revenue recognition and management, and cost/benefit analysis).

•   Analysis of business performance against forecast and budget and highlighting variances on a monthly basis.

•   Providing in-depth analysis of product and segment profitability along with analysis of new product proposals.

•   Analyses the product mix against corporate guidelines (e.g.RIWAC, Cost/Income Ratio)

•   Monitoring the costs of the Consumer Banking business.

•   Control and monitor operating expenses, capital expenditure, project investments against set targets

•   Identify and highlight to the business the key areas of operational efficiency and measures to be taken to resolve these.

MIS Reporting:

•   Liaise with Management Reporting Unit to accurately report the Consumer Bank monthly performance at both product and customer segment levels and ensure they are submitted within ARO and Group deadlines.

•   Developing and implementing comprehensive financial reporting documents for the Value

Centre General Managers:

•   Preparing CBs monthly profit and loss projection on a weekly basis

•   Running monthly natural balances in error positions for investigation.

•   Investigating unusual movement in the monthly P&L trend

•   Support CB Business Finance Manager, West Africa, to prepare, generate and analyse regional performance results in a timely manner.

Cost Monitoring, Analyzing and Reporting:

•   Review Monthly Cost report and commentaries.

•   Review / circulate Cost centre reports and attend to queries there from.

•   Actively review and assist in planning business costs to ensure value for money and a lean cost base

•   Frequently analyze business performance in relation to budget, other SCB countries and competitors

•   Actively review and assist in planning business costs to ensure value for money and a lean cost base

Cost Forecasting & Management:

•   Ensure adequate and proper budgeting for CBF, HOCB & Other CB HO departments.

•   Ensure cost is kept within approved budgets for these departments.

•   Provide reasonable forecasting, and valid reasons if different from budget.

Qualifications & Skills:

•   Minimum of a 2nd class degree in finance/economics and professional qualification – CA, CIMA, ACCA, CFA, etc.

•   A broad appreciation of banking practice and management techniques.

•   A good knowledge of Group and local banking accounting procedures and requirements.

•   Ability to analyze, evaluate and communicate clearly and logically both in writing and orally.

•   Good interpersonal and communication skills.

•   An eye for detail and accuracy with a strong analytical capability

•   Sound knowledge of Generally Accepted Accounting Principles and Group Accounting Policy & IFRS Acctounting

•   High level of computer literacy is required. Proficiency in Power Point Presentation required.

In compliance with the National Youth Service Corps (NYSC) Act of 2004, all applicants should ensure that they have completed the mandatory NYSC programme. A discharge certificate will be required as evidence of completion of the programme. Where an exemption has been granted, a certificate of exemption will also be required.

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