Internal Project Monitoring Manager (IPMM)

First Excelsia Professional Services Limited - Our client in the Banking & Financial Services industry, is recruiting to fill the position below:

Job Title: Internal Project Monitoring Manager (IPMM)

Location: Surulere, Lagos

Employment Type: Full-time

Industry: Banking & Financial Services Description Our client is seeking a highly experienced and independent Internal Project Monitoring Manager (IPMM) to join its Risk Management team. The successful candidate will provide technical oversight and monitoring of construction, renovation, real estate development, and other project-based credit facilities financed by the Bank. The ideal candidate will ensure that financed projects are executed in line with approved plans, budgets, timelines, and quality standards while safeguarding the Bank's interests and minimizing construction-related credit risks.

Key Responsibilities

Assess project feasibility and review architectural, structural, engineering, and project documentation. Validate project budgets, cost estimates, Bills of Quantities (BOQs), implementation schedules, and contractor qualifications. Verify statutory approvals, permits, and regulatory compliance before project commencement. Provide technical input during credit appraisal and recommend milestone-based disbursement schedules. Conduct periodic site inspections to monitor project progress, quality of work, contractor performance, and compliance with approved specifications. Monitor the utilization of loan proceeds and identify project deviations, implementation risks, cost overruns, delays, and scope changes. Verify construction milestones, assess work completion, certify drawdown requests, and recommend approval, deferment, partial approval, or rejection where necessary. Prepare technical assessment reports, project progress reports, milestone completion reports, exception reports, and final completion reports. Provide technical advisory support to the Credit Committee, Risk Management, and Business Development teams while recommending corrective actions to mitigate project risks. Person Specifications Bachelor's Degree in Civil Engineering, Building, Construction Management, Structural Engineering, Quantity Surveying, Architecture, or a related discipline. A Master's Degree and relevant professional certifications (e.g., COREN, PMP, PRINCE2, Registered Builder, Quantity Surveyor, or Architect) will be an added advantage. Minimum of 10 years' post-qualification experience in construction, engineering, project management, or infrastructure development, with at least 5 years in construction project supervision or monitoring. Experience in banking, mortgage finance, project finance, or development finance will be highly desirable. Strong knowledge of construction project management, project risk assessment, contract administration, cost control, quality assurance, engineering drawings, HSE compliance, and technical report writing. Excellent analytical, communication, problem-solving, and stakeholder management skills with a high level of integrity, attention to detail, and professional judgment. Gross