Venture Analyst Intern / Accountant Job at Domeo Resources International

Domeo Resources International (DRI) is a prolific organization that proffers HR and Management Consultancy solutions premised on excellence and innovation. DRI analyses various organizational problems, develops improvement plans, deploys those plans, and monitors the plans to ensure improved organizational performance.

We are recruiting to fill the position below:

Job Position: Venture Analyst Intern / Accountant

Job Location: Abuja (FCT)
Employment Type: Full-time
Reports to: Senior Accountant

Main Function

• Ensure the timely processing of financial documents in line with the organization’s financial policies and procedures.
• Also focus on supporting the fund’s investment activities in the retail and financial services industries, working closely with and as an integral part of a collaborative team of venture professionals.

Duties and Responsibilities

• Process bank transactions regarding documents of inward and outward remittances, bank reconciliation etc.
• Assist in Performing month-end, quarter-end, and year-end closing activities related to cash management and tax, including preparing the appropriate audit work papers for such activities
• Assist in Preparing quarterly and annual budget for the organization
• Ensure transactions, supporting schedules and accounting papers for policies and conventions are maintained in accordance with FIRS
• Assisting the partners and investment-team in the deal-flow processes up to the negotiations with potential portfolio companies.
• Take care of the valuation and analysis of potential investment cases as well as related market-, industry- and technology deep-dives
• Research and analyse market and industry trends to identify the best early stage companies and founding teams
• Operative support to portfolio companies in online marketing, company building, business development and sales
• Prepare balance sheets, profit and loss statements, and other financial reports
• Assist in Analyzing trends, costs, revenues, financial commitments and obligations incurred to predict future revenues and expenses
• Receive and process all vendor invoices for payments, verify all invoices as per finance policies
• Prepare payment analysis for all expenses and report any abnormal variances to the Senior Accountant
• Create investment proposals and presentations for internal and external use
• Involvement in all aspects of due diligence on new investments (business analysis, industry thesis, sourcing investments, competitive landscape, business/pricing model, and financial modelling / deal structuring).
• Reading/reviewing business plans and pitch decks.
• Maintain records of organization's financial activity
• Assist in developing reports on financial performance for internal and external use
• Assist in Preparing bank accounts and balance sheet accounts monthly reconciliation/schedules
• Ensure all payments are made on time with no penalties
• Assist in Preparing and maintaining record of all financial contracts and transactions
• Highlight any system or procedural issues that may impede the reconciliation/reporting process
• Continuously improve financial accounting integrity and efficiency through the review of existing policies, procedures and controls as required
• Perform other duties as maybe required.

Experience / Qualification

• Minimum of B.Sc in Accounting or its equivalent.
• 2 Years of Accounting/Analyst experience
• Any work experience that demonstrates the drive, skills and character required to be successful in a demanding, entrepreneurial and dynamic work environment.
• Professional qualification is an added advantage.

Functional Competencies:

• Experience in the use of Accounting Software
• High level of proficiency in the use of spreadsheets
• Understanding of digital business-models combined with the analytical skill-set for data-based evaluation
• Interest in high-growth startups, venture capital and private-equity or in other fast-paced environments within investment banking, strategy-consulting or later stage
• Good understanding of product specifications and user psychology.
• Basic understanding of financial modelling and accounting

Knowledge, Skills and Behavioural Competencies:

• Ability to prioritize work and manage time effectively
• Self-starter with superior work ethic and uncompromising personal integrity
• Highly analytical with an interest in sifting through, and identifying trends within, large volumes of data
• Passionate about personal development and career mentorship
• Wants to be part of a highly collaborative team, where we all strive to win together
• Negotiation skills
• Team spirit; strong communication skills to collaborate with various stakeholders.
• Demonstrated ability to thrive in an entrepreneurial environment with limited supervision (including proactively seeking guidance when needed)
• Proactive identification and elimination of inefficiencies
• Critical thinking and detail orientation.

Method of Application
Interested and qualified candidates should send their CV to: recruitment@domeoresources.org using “Venture Analyst Intern/ Accountant“ as subject of the mail.

Note: Only shortlisted candidates will be contacted