Senior Finance Officer at Vale Finance Limited

Vale is a financial technology company founded on the premise that basic savings and investment services should be helpful, easy, and free. We want to profit with our customers, not from them. That’s why our model doesn’t rely on withdrawal fees, monthly service fees, service fees, minimum balance requirements, and more.

We partner with traditional banks to design customer-first financial products. This creates a more competitive market with better, lower-cost options for everyday Nigerians who aren’t being served well by traditional banks. It's time for savings and investment to evolve. Join us as we build the platform of the future and change people's financial lives.

We are recruiting to fill the position below:

Job Title: Senior Finance Officer

Location: Lagos
Employment Type: Full-time

Description 

• Monitor the day-to-day financial operations within the company, such as payroll, invoicing, and other transactions.
• Preparation of monthly Management Accounts & yearly financial statements including computation of relevant ratios.
• Valuation of Financial Assets and Liabilities in line with International Financial Reporting Standards (IFRS)
• Monitoring the Company’s operating expenditure and overseeing the accrual & prepayment process to prevent volatilities of earnings.
• Prepare the annual and monthly budgets and monitors adherence to budget through monthly performance reviews.
• Prepare a cash flow projection for the company and manage liquidity.
• Prepare tax returns and comply with corporate reporting requirements. Ensure that all statutory deductions and tax returns are filed on time.
• Ensure Bank reconciliation is performed weekly and ensure daily posting of transactions and period-end journals.
• Reviews invoices, receipts and other documents supporting transactions to verify the accuracy.
• Prepare, review, and analyse monthly financial statements and report any variances to management, while identifying areas for improvement
• Coordinate the month-end, quarter-end and year-end closing processes.
• Coordinate the statutory audit of financial statements and ensures that they are filed with
• FIRS and other regulatory authorities on time.
• Monthly review and processing of the payroll schedule, and preparation of month-onmonth variance analysis.
• Assist with special projects when required.
• Ensure that all finance policies and procedures for the company are strictly adhered to.
• Comply with federal, state, and local financial regulatory requirements by studying existing and new legislation, enforcing adherence to requirements, and advising management on needed actions.
• Support fundraising activities and manage existing shareholder and debt provider reporting requirements, including the management of financial covenant monitoring and reporting.
• Contribute to building a system of strong controls over financial reporting and business operations.
• Be actively involved in business process review and improvement.
• Support automation and digital transformation projects in the company.
• Preparation of Quarterly reports to Board and Board committees.
• Preparation of accounting policy changes for review by the supervisor within 4 weeks after the communication of the new standard.
• Assessment and implementation of new accounting standards/policies and preparation of financial statements.

Requirements

• Interested candidates should possess a Bachelor's Degree in relevant fields with 4 - 7 years work experience.

Salary
N400,000 - N650,000 monthly.

Application Closing Date
1st October, 2024.