United Bank for Africa Plc (UBA) is one of Africa’s leading financial institutions, with operations in 19 African countries and 3 global financial centres: London, Paris and New York. From a single country organisation founded in 1949 in Nigeria UBA has grown to become a pan-African provider of financial services with over 11 million customers, through close to 1000 business offices and touch points globally.

We are recruiting to fill the position below:

Job Title: Team Member, Cost Management and Budget Control

Location: Lagos, Nigeria
Employment Type: Full Time

Job Objective

• Drive the translation of cost corporate strategy into action
• Provide advisory support to business units on cost
• Track and regularly report actual spent against budget
• Advice management on necessary actions to save cost and achieve the expected target.

Roles & Responsibilities

• Key Responsibility Areas (KRAs) – between 3 to 7, maximum 7 KRAs, with detailed descriptions under each of them

Main Outputs and Responsibilities
Group Budget design and review:

• Weekly upload of budget limit for non-sales divisions and business offices.
• Review of extra- budgetary expenditures requests 40%

MPR/Business Performance Analysis:

• Monitoring and reporting on expense/cost lines.
• Efficient and timely allocation of Head Office costs, through ABC allocation methodology plus periodic review of allocation parameters in line with changes in key cost drivers of the business before the release of the draft MPR.
• Daily review of Group-wide specific expenses 40%.

Cost Reporting and Support:

• Resolution of all issues relating to Expenses.
• Provision of technical support to the GCOC, as well as the preparation of the quarterly reports
• Providing automated detailed cost reports by expense type to ALL business and support groups in line with the KPI sets for MPR delivery
• Management of the cost code system for monitoring and situating expense responsibility.
• Generation/implementation of strategic cost saving initiatives
• Management of the cost code system for monitoring and situating expense responsibility.
• Preparation of Directorate/Divisional Cost Report
• Cost review for UBA Africa
• Cost code creation as required 20%.

Job Requirements
Education Requirements:

• First Degree in any related field.
• Possession of relevant masters degree/ Professional certification will be an added advantage.

Experience:

• None.

Application Closing Date
Not Specified.