Team Lead, Cost Management & Budgetary Control at United Bank for Africa Plc (UBA)


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 Lead, Cost Management & Budgetary Control

Location: Head Office – Lagos, Nigeria
Job Type: Permanent

Job Objectives

  • Provision of timely and periodic Cost MIS Reports for business segments across the Group.
  • To achieve a relatively low cost to Income ratio for the bank.
  • To also support and enhance the efficiency of operations. Feedback reporting on costs to Management, Directorate Heads, Divisional Heads, etc.


  • Develop cost budget guidelines, timelines and templates.
  • Work with the directorate heads to cascade approved global budget OPEX and CAPEX budgets.
  • Review of extra-budgetary expenditures requests.
  • Deployment and execution of strategic cost containment initiatives group-wide.
  • Monitoring and reporting on expense/cost lines group-wide.
  • Efficient and timely allocation of Head Office costs, through ABC allocation methodology plus a periodic review of allocation parameters in line with changes in key cost drivers of the business before the release of the draft MPR.
  • Providing business and MIS support to stakeholders towards the achievement of financial targets set for each SBU.
  • Provision of technical support to the GCOC, as well as the preparation of the quarterly reports for EMC and Board Considerations/ Approval.
  • 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.


  • Bachelor’s Degree in any related field.
  • Masters’ Degree in a relevant field or relevant professional certification (CFA, ACCA, ACA, ACIB etc.) will be an added advantage.
  • 5-8 years experience in finance and cost management in the banking industry.

Candidate’s Profile:

  • Our ideal candidate must have advanced interpersonal and conflict management skills, in the financial service industry.
  • Must have excellent oral and communication skills, excellent listening skills, leadership and motivation, good price negotiation skills and strong analytical Skills

Knowledge & Skills Required:

  • Excellent oral and communications skill
  • Advanced interpersonal and conflict management skills.
  • Excellent listening skill
  • Leadership and motivation
  • Price negotiation skills
  • Strong Analytical Skills
  • Cost management
  • MS tools
  • Best Industry Practice.

What We Expect From You:

  • High degree of professional ethics, integrity and responsibility.
  • Highly organised, proactive, ability to work independently and take ownership of tasks assigned.
  • Team player with the ability to work under pressure and ability to work with a wide variety of people and maintain an excellent business relationship.
  • High sense of confidentiality and discreteness.

What You Should Expect From Us:

  • Our corporate culture is defined by our core values.
  • We do not just train our people to be the best in the job, we also offer encouragement, recognition, and rewards.
  • Whatever level you are at in your career, we offer plenty of opportunities and support to build a rewarding career at UBA.
  • Here in UBA, our employees are our greatest assets and so we built a recognition and reward system that boosts productivity and enhances staff retention, instituting a culture of meritocracy.

Application Closing Date
5th August, 2022.

How to Apply
Interested and qualified candidates should:
Click here to apply online


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