Finance Officer Job at EdFin Microfinance Bank

EdFin Microfinance Bank is the first specialized bank for education in Nigeria. The bank which is dedicated solely to funding the education eco-space in Nigeria aims to positively disrupt the standard and quality of education in Nigeria, by providing the much-needed financial resources and services to the education sector.

We are recruiting to fill the position below:

Job Position: Finance Officer

Job Location: Surulere, Lagos
Employment Type: Full-time

Job Description

• Preparation of financial reports and Management accounts etc
• Daily Reconciliation of Correspondence Bank Account Positions and Statements.
• Prepare monthly amortization schedule and posting to the general ledgers.
• Support month-end closing processes.
• Perform timely and accurate settlement of all e-transactions on ALL channels (POS, Web, Mobile), various payment platforms with the Processors/Switch (e.g. Interswitch, NIBSS) and Partnering/Settlement Bank (e.g. Stanbic IBTC).
• Collaborate with the financial institutions to ensure that queries related to payments are timely resolved (return payments, under/over payments, suppliers and contractors incorrect account details etc) and makes follow up visits to banks as directed
• Provide accounting procedures (online and settlement entries) for new e-products being launched by the Bank and ensure that these procedures are smoothly implemented.
• Raising Journal Entries to update the inflow and outflow of funds within all Correspondent Banks.
• Monthly remittances of Tax deductions for both Federal and Lagos State Tax Authorities.
• Maintenance ans safe keeping of all Financial Documents.
• Collation and preparation of daily bank balances for Chief Finance Officer(CFO).
• Monitoring Bank's investment and TB with correspondence bank
• Participate in financial standards implementation and in the forecast process.
• Assist with tax audits and tax returns.
• Preparation of Monthly Depreciation Schedule of the Banks’ Fixed Assets and monthly amortization of outstanding prepared expenses.
• Maintains fixed asset register by updating all assets purchased with the appropriate supporting documents.
• Ensures prompt and accurate GL Review. Timely review of GL to ensure and forestall wrong postings, errors and omissions.
• To produce monthly, quarterly, and half-yearly financial reports of the organization.
• Preparation of Month End Reconciliation of Correspondent Bank Account Positions.
• Act as the primary point of contact for other departments regarding financial and accounting issues.
• Any other jobs as assigned by the CFO.

Qualifications

• Minimum of First Degree (B.Sc) in Accounting with relevant professional certification.
• ICAN certification is required
• 3 - 5 years of  experience in finance department of reputable Microfinance Bank(s).
• Good computer skills in Ms Office Excel, word and Power-point and accounting software- QuickBooks, SAP etc are highly essential.

Knowledge / Skills:

• Proficient in Microsoft Office (Outlook, Word, Excel, and Power Point), Adobe Acrobat.
• Excellent written and verbal communication skills.
• Strong problem-solving skills.
• Possess personal qualities of integrity, credibility, and commitment.
• Excellent knowledge of financial and accounting procedures.
• Excellent time management skills.
• Excellent numerical and analytical skills.
• Knowledge of financial regulations.
• Excellent Analytical Skills
• Experience working in a fast-paced Fintech is a major advantage.
• Excellent Financial Modelling Skills.

Method of Application
Interested and qualified candidates should send their CV and Cover Letter to: careers@edfinmfb.com using the Job Position as the subject of the mail.