Finance Reconciliations Analyst at TeamAce Limited

At TeamAce, we help businesses across different industries thrive. We work with businesses to create their desired change by getting the right people, designing bespoke business processes, leveraging data, applying insights and technology. We combine our expertise and take different bespoke approaches to solve different business challenges because we believe there is no one size fits all approach. This way, you keep your eyes on the price and thrive.

We are recruiting to fill the position below:

Job Title: Finance Reconciliations Analyst

Location: Lagos
Employment Type: Full-time
Reports to: Head, Risk & Controls

Summary

• The Finance Reconciliation Analyst will play a pivotal role in ensuring the accuracy and integrity of financial data within our e-commerce/fintech company.
• This role requires meticulous attention to detail, strong analytical skills, and the ability to reconcile revenues and expenses, ensuring they are correctly posted to the appropriate ledgers.
• The ideal candidate will have a solid understanding of finance principles, experience with reconciliation processes, and a proactive approach to problem- solving.

Key Responsibilities include

• Reconciliation of Financial Data
• Conduct daily, weekly, and monthly reconciliation of revenue and expense accounts.
• Compare financial records from multiple sources to ensure accuracy and identify discrepancies.
• Investigate and resolve variances in a timely manner, collaborating with relevant stakeholders as needed.

Ledger Management:

• Post reconciled transactions to the appropriate ledgers in accordance with company policies and accounting standards.
• Maintain organized and up-to-date ledger records, ensuring proper documentation for all transactions.
• Monitor ledger activity to identify trends, anomalies, and potential areas for improvement.

Reporting and Analysis:

• Generate regular reports detailing financial reconciliations, variances, and trends.
• Analyze financial data to provide insights and recommendations for process enhancements or corrective actions.
• Prepare ad hoc financial reports as requested by management or other stakeholders.

Process Improvement:

• Continuously evaluate reconciliation processes and procedures, identifying opportunities to streamline workflows and improve efficiency.
• Develop and implement best practices for financial reconciliation to minimize errors and mitigate risks.
• Collaborate with cross-functional teams to implement system enhancements or automation tools to improve reconciliation processes.

Compliance and Audit Support:

• Ensure compliance with regulatory requirements and internal controls related to financial reconciliation.
• Support internal and external audit activities by providing documentation, explanations, and assistance as needed.
• Participate in audit reviews to address findings and implement corrective actions.

Education / Qualifications

• Bachelor's Degree in Finance, Accounting, or related field. ICAN/ACCA certification is a plus.
• Proven experience (at least 3 years) in financial reconciliation, preferably within the e-commerce industry.
• Strong understanding of accounting principles and financial reporting standards.
• Proficiency in financial software and tools such as Microsoft Dynamics 365, Xero, and Excel.

Skills/ Abilities:

• Excellent analytical and problem-solving skills with keen attention to detail.
• Ability to work independently and collaboratively in a fast-paced environment.
• Effective communication skills, both written and verbal, with the ability to interact confidently with stakeholders at all levels.

Application Closing Date
Not Specified.