Finance Associate Job at Lidya

Lidya is the future of finance for small businesses in frontier markets. Our goal is to help great business owners access financing and build a credit score through an easy and inspiring lending process. Lidya is currently live in Nigeria and is using world-class technology to help small businesses invoice customers, access credit, and build credit scores to grow their businesses.

Lidya is founded by Tunde Kehinde, the former Managing Director of Jumia Nigeria, the largest eCommerce platform in West Africa and Ercin Eksin, the former Chief Operating Officer of Jumia Africa responsible for operations in 6 of the largest economies in Africa. Tunde and Ercin also co-founded Africa Courier Express, the largest direct-to-consumer delivery provider in Nigeria. Tunde and Ercin attended Harvard Business School and the University of Chicago-Booth, respectively for their MBAs.

We are recruiting to fill the position below:

Job Position: Finance Associate

Job Location: Lagos

Job Description

• To ensure the smooth and efficient running of the organization by providing leadership in all financial matters, including loan operations (disbursement and collection), budget development & implementation, planning & reporting, managing financial accounts, payroll, and treasury management.

Key Duties and Responsibilities

• Working with the finance team lead to develop and implement monthly, quarterly, and annual budgets.
• Production of monthly and quarterly assessments and forecasts of financial performance against budget & cash flow, financial and operational goals.
• Work with bookkeeping partners to prepare draft audit accounts and be a liaison with the externally appointed auditor.
• Ensure accurate and on-time disbursements of approved loans to clients, including reconciliation of payments to the bank accounts and management of Lidya Treasury.
• Ensure accurate and on-time recollection of loan repayments from clients, including reconciliation of payments to the bank accounts.
• Engage with our partner banks and other financial institutions in respect of financing and liquidity initiatives of Lidya Nigeria.

Desired Qualifications and Skillset

• Bachelor's Degree in Finance, Accounting, Statistics, Mathematics, Engineering, Computer Science, Information Management, Investments, or a related business discipline (MBA, CPA, or CFA is a plus).
• 3 to 5 years+ of experience working with a Commercial Bank, Accounting Firm or Management Consulting Firm.
• High level of IT skills especially in accounting, advanced Excel, and PowerPoint.