Finance Analyst at FairMoney

About FairMoney:

FairMoney is at the forefront of revolutionizing banking in emerging markets with our credit-led mobile banking platform. Our primary operations began in Nigeria, where we have made significant strides since our inception in 2017, raising nearly €50 million from a range of global investors.

The Finance department plays a pivotal role in supporting our mission to deliver accessible banking services throughout emerging markets. We are currently seeking a dedicated Financial Analyst who will be instrumental in analyzing financial data, contributing to strategic financial planning, and ensuring that our operations align with our ambitious goals.

Key Responsibilities:

• KPIs for Finance Analyst
  •  Invoice Processing Efficiency- Process all approved invoices within 24 hours of receiving necessary approvals.
  •  Invoice Management on NetSuite- Ensure 100% of all invoices are uploaded to NetSuite for approval within 24 hours of receipt.
  •  Accuracy of Entries on NetSuite- Maintain 100% accuracy in recording entries on NetSuite, including applying the appropriate tax rates.
  •  Invoice Submission Process Compliance- Ensure process owners consistently submit invoices to the finance group email for processing, with 100% compliance monitoring.
  •  Timely Remittance of Statutory Payments-Ensure all statutory payments (WHT, PAYE, Pension, EMTL) are remitted accurately and on or before their respective deadlines.
  •  VAT Filing Timeliness-Complete and submit all VAT filings on or before the 21st of each month without exception.
  •  Vendor Payment Accuracy and Timeliness-Ensure 100% of vendors are paid correctly and within the agreed timelines.
  •  GL Reconciliation- Conduct and complete the monthly reconciliation of all Payable GLs with zero unresolved discrepancies.
  •  Support for Financial ReportingAssist the Accountant in preparing accurate monthly and quarterly reports, ensuring all tasks are completed by the agreed deadlines.
  • SME Loan Cashback Processing and Reconciliation.-
    1. Ensure all request for cashbacks are treated according to the policy and necessary approvals are received before disbursement.
    2.Weekly/monthly Reconciliation of SME bank statements per SME portfolio sheet.

• Bachelor’s degree in Finance, Accounting, or a related field.
• A minimum of 2 years of experience within the fintech or financial services industry.
• Proficient in Microsoft Excel and financial software.
• Excellent analytical skills with attention to detail.
• Strong communication skills for presenting findings to stakeholders.
• Ability to work independently and manage multiple projects simultaneously.
• Demonstrated ability to provide strategic insights and recommendations based on data.
• High level of integrity and professionalism.

• Private Health Insurance
• Pension Plan
• Paid Time Off
• Work From Home
• Training & Development

Recruitment Process:

• A screening interview with a Recruiter: 30 minutes.
• Technical Interview – 45 minutes.
• Final Interview – 45 minutes.