Internal Control Officer at Poverty Reduction and Rural Women Empowerment Initiative

Poverty Reduction and Rural Women Empowerment Initiative, a microfinance institute whose Head office is located in Lagos is currently seeking to recruit the services of:  

Job Title: Internal Control Officer Location: Ogun

Job Description

• Checking of loan forms and files for correctness/adequacy and precedent to disbursement
• Pay random visit to client site for account reconciliation
• Ensure accurate and proper clients’ sensitisation before loan disbursement
• Carry out KYCB on all prospective loan clients before disbursement and also ensure proper filing of KYC documents before loan processing.
• Daily review of petty cash book
• Ensure daily treatment of any exceptions on branch activities
• Ensure quality portfolio management including but not limited to group visitation, monthly branch audit ROs portfolio, loan appraisal reviews and loan monitoring.
• Regular review of the Branch’s Portfolio at Risk (PAR) in conformity with the bank’s policies (PAR≤3%).
• Monitor bank’s assets and identify any obsolete or idle assets for efficient disposal as may be required.
• Daily check of call over of all books of account to ensure that is free from all errors
• Reconciliation of cash book and cash collateral (security deposit) GL on bank-one.
• Daily reconciliation of branch’s commercial bank statement of account with loan disbursed on bank-one
• Reconciliation of pass book, collection sheet and bank one
• Reconciliation of HMO’s with loan disbursed and checking of loan forms before disbursement
• Reconciliation of loan disbursed on bank one and loan withdrawn (GL)
• Ensure compliance with all the bank’s operational policies
• Daily check of cash book and verification of all branch expenses
• Preparation of Compliance and Internal Control Reports

Requirements

• Candidates must be ready to resume immediately and must have a minimum of B.Sc/HND in Accounting, Banking and Finance or related discipline.

 

How to Apply Interested and qualified candidates should send their Applications to: [email protected] using the "Job Title" as the subject of the email.