Personal Trust Microfinance Bank is a microfinance bank operating in Lagos, Nigeria. The Bank was licensed by the Central Bank of Nigeria to operate as a state microfinance bank in year 2014. Formerly known as Personal Trust Savings and Loans, it was first registered in 1993 and operated as a mortgage bank until its conversion in 2014.
Following the enabling framework by the Central Bank of Nigeria in respect of microfinance banks, the Bank’s parent company First Ally Capital Limited acquired the extant mortgage bank and converted it into a microfinance bank in October 2014 with a share capital of about N632 million. Accordingly, Personal Trust Microfinance commenced its business of catering to the unbanked and underbanked public.
The focus of the Bank is provision of microfinance services to individuals, small and medium scale enterprises. Ultimately, the objective is to grow the Bank to a National Microfinance Bank.
The Bank engages broadly in the provision of Savings Products, Loan products and Tailored products based on the need of its customers.
During our over twenty-one years of operation, we recorded several achievements including the financing of Ojora Shopping Complex and development of Lake View Housing Estate in Amuwo Odofin.Job Description
The Accountant is responsible for reconciliation and settlement activities and will provide revenue assurance to the bank.
Duties and Responsibilities
Ensure daily reconciliation and posting of all of all transactions and provide daily/weekly reconciliation and settlement reports.
Support the E-business team in resolving settlement and reconciliation matters.
Monitor income/fees and ensure value is promptly transferred to the bank.
Verify the incoming and outgoing payments on e-channel accounts.
Reconcile bank statements with entries in the bank ledger on a daily/weekly/monthly basis and present the reconciliation reports.
Prepare daily and weekly report on over/under-settlement of transactions.
Identify, follow up and investigate unreconciled transactions or discrepancies to enable prompt resolutions
Liaising regularly with various bank account officers on issues relating to direct debits, standing orders, unidentified credits and charges from time to time.
Monitors the deduction on loan and facilities with various banks and reconciles with terms and conditions in of the offer.
Develop and maintain business relations with payment partners.
Liaise with the settlement bank and payment processing companies on potential under-settlement and ensure the resolution of issues identified in line with the company’s policies and procedures.
Advise the finance team of possible over-settlement for necessary provisions.
Maintain reconciliation records.
Rendition of monthly returns and processing of associated payments for FIRS, LIRS and PFAs within seven days of deduction.
Sending daily dashboard report to management.
Provide support to another finance team a required.
Support end of day/month and year process.
Flexibility to carry out any other task as requested by Management.
Qualifications
HND / B.Sc in Accounting, Economics or a related field.
Evidence of completion/ exemption of/from NYSC.
ICAN or ACCA qualification.
Experience:
Previous experience as a Reconciliation Officer/Accountant in a financial institution, or microfinance bank will be an added advantage.
3 – 5 years of work experience.
Skills:
Experience reconciling accounting figures and financial records
Great analytical skills for decision-making and problem-solving
Strong client relationship management and customer service skills
Team player with the ability to work with multiple parties
Advanced computer software skills, including Microsoft Excel
Working knowledge of BankOne will be an added advantage
Organization and time management abilities
Meticulous attention to detail and accuracy
Ability to multi task and meet tight deadlines.