IFRS Manager Job at Interswitch

Interswitch is an Africa-focused integrated digital payments and commerce company that facilitates the electronic circulation of money as well as the exchange of value between individuals and organisations on a timely and consistent basis. We started operations in 2002 as a transaction switching and electronic payments processing, and have progressively evolved into an integrated payment services company, building and managing payment infrastructure as well as delivering innovative payment products and transactional services throughout the African continent. At Interswitch, we offer unique career opportunities for individuals capable of playing key roles and adding value in an innovative and fun environment.

We are recruiting to fill the position below:

Job Position: IFRS Manager

Job Location: Lagos
Employment Type: Full-Time

Job Summary

• As the IFRS Manager within Interswitch's Finance and Supply Chain group, your primary role is to ensure compliance with International Financial Reporting Standards (IFRS) while also contributing to the company's financial strategy and operational efficiency.
• You'll be responsible for maintaining accurate financial records, preparing financial reports, and providing guidance on complex accounting issues.

Responsibilities

• Develop and implement accounting policies and procedures in line with IFRS standards.
• Oversee the preparation of financial statements and ensure their accuracy and compliance with regulatory requirements.
• Provide technical accounting guidance and support to finance teams across various business units.
• Lead or assist in special projects related to financial reporting, such as mergers, acquisitions, or restructuring activities.
• Collaborate with cross-functional teams to enhance financial systems and reporting tools.
• Train and mentor finance staff on IFRS compliance and best practices.
• Stay updated on changes to IFRS standards and assess their impact on the company's financial reporting.
• Coordinate with external auditors to facilitate the audit process and ensure timely completion.
• Conduct regular reviews of financial controls and processes to mitigate risks and improve efficiency.
• Participate in meetings with senior management to provide insights on financial performance and compliance matters.

Functional Strategy Formation and Implementation:

• As the IFRS Manager at Interswitch, you will spearhead the formulation and execution of strategic initiatives to optimize revenue generation and receivables management, all while ensuring alignment with the company's overarching business objectives. You'll be at the forefront of anticipating and addressing complex financial challenges, particularly those pertaining to revenue recognition and receivables within the finance and supply chain domain.
• Your responsibilities will encompass strategic planning and tactical modelling tailored to the revenue and receivables landscape, integrating risk considerations into broader business strategies.
• Collaborating with cross-functional teams, you'll identify and mitigate risks associated with revenue leakage, payment delays, and bad debt, all while aligning efforts with the company's risk appetite.

Leadership and Direction:

• In your leadership capacity, you'll identify and communicate actions required to implement revenue and receivables management strategies, ensuring alignment with Interswitch's mission and values.
• You'll cultivate a culture of excellence and commitment to achieving financial objectives, motivating teams to adhere to revenue and receivables management strategies while providing support and guidance as needed.
• Driving the performance of direct reports, you'll set clear goals, provide regular feedback, and support professional development. Identifying and developing talent within the team will be instrumental in promoting continuity and growth within the organization.

Requirements
General Education:

• Advance Degrees in Business, Accounting, Statistics, Finance or other related fields.

Evidence of strong industry/sector participation and relevant professional certifications such as:

• Certified Public Accountant (CPA)
• Association of Chartered Certified Accountants (ACCA)
• Chartered Financial Analyst (CFA)
• Institute of Chartered Accountants of Nigeria (ICAN) EXPERIENCE

General Experience:

• At least 10 years data or business analysis, preferably in a reputable Financial Institution or FinTech company.

Managerial Experience:

• At least 7 years of experience of planning, managing and organising resources within short/medium timescales within the overall policy framework.